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721400.0
|
2021-10-25 00:00:00 UTC
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DE Crosses Above Key Moving Average Level
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DE
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https://www.nasdaq.com/articles/de-crosses-above-key-moving-average-level-2021-10-25
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nan
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nan
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In trading on Monday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $351.74, changing hands as high as $353.75 per share. Deere & Co. shares are currently trading up 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 $221.73 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $352.39. The DE DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and 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 Monday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $351.74, changing hands as high as $353.75 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 $221.73 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $352.39. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and 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 Monday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $351.74, changing hands as high as $353.75 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 $221.73 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $352.39. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $351.74, changing hands as high as $353.75 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 $221.73 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $352.39. The DE DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Monday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $351.74, changing hands as high as $353.75 per share. Deere & Co. shares are currently trading up 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 $221.73 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $352.39.
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64fa256c-449d-4af2-88ba-8ef29c6e494c
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721401.0
|
2021-10-21 00:00:00 UTC
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Deere gets temporary injunction limiting striking worker picket line -Iowa court
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DE
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https://www.nasdaq.com/articles/deere-gets-temporary-injunction-limiting-striking-worker-picket-line-iowa-court-2021-10-21
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nan
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nan
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Oct 21 (Reuters) - An Iowa judge has granted Deere & Co DE.N, the world's largest farm equipment maker, a temporary injunction against striking union members who trespass on the company's Davenport Works facility or block its entrance and exits.
The union workers' activities were "unwarranted, impermissible and unlawful," Marlita Grave, Chief District Judge of Iowa's Seventh Judicial District wrote in a Wednesday order.
While the injunction does not entirely forbid the strike, the judge limited the number of picketers to no more than four at each gate of the facility.
When asked for a comment, Brian Rothenberg, a spokesman for the UAW union that represents the workers, said the union does not discuss ongoing legal matters.
Deere in a statement said the injunction was put in place to provide safe entry and exit to the facility.
"Deere & Company was granted (the order) to maintain a safe environment for all our employees and contractors – including those reporting to work and those exercising their right to strike," the company said in a statement.
The ruling is the latest step in a fight over pay, benefits and better working conditions, with Deere employees joining thousands of other U.S. workers who have gone on strike in recent months.
It also comes in the middle of the U.S. corn and soybean harvest season, at a time when farmers are struggling to find parts for tractors and combines.
Earlier this month, Deere and the UAW reached a six-year collective bargaining agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal.
(Reporting by Tina Bellon in Austin, Texas and Ben Klayman in Detroit; Editing by David Gregorio)
((Tina.Bellon@thomsonreuters.com; +1 646 573 5029; Reuters Messaging: tina.bellon.thomsonreuters@reuters.net; Twitter @TinaBellon))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Oct 21 (Reuters) - An Iowa judge has granted Deere & Co DE.N, the world's largest farm equipment maker, a temporary injunction against striking union members who trespass on the company's Davenport Works facility or block its entrance and exits. The ruling is the latest step in a fight over pay, benefits and better working conditions, with Deere employees joining thousands of other U.S. workers who have gone on strike in recent months. Earlier this month, Deere and the UAW reached a six-year collective bargaining agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal.
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Oct 21 (Reuters) - An Iowa judge has granted Deere & Co DE.N, the world's largest farm equipment maker, a temporary injunction against striking union members who trespass on the company's Davenport Works facility or block its entrance and exits. The union workers' activities were "unwarranted, impermissible and unlawful," Marlita Grave, Chief District Judge of Iowa's Seventh Judicial District wrote in a Wednesday order. "Deere & Company was granted (the order) to maintain a safe environment for all our employees and contractors – including those reporting to work and those exercising their right to strike," the company said in a statement.
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Oct 21 (Reuters) - An Iowa judge has granted Deere & Co DE.N, the world's largest farm equipment maker, a temporary injunction against striking union members who trespass on the company's Davenport Works facility or block its entrance and exits. "Deere & Company was granted (the order) to maintain a safe environment for all our employees and contractors – including those reporting to work and those exercising their right to strike," the company said in a statement. The ruling is the latest step in a fight over pay, benefits and better working conditions, with Deere employees joining thousands of other U.S. workers who have gone on strike in recent months.
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Oct 21 (Reuters) - An Iowa judge has granted Deere & Co DE.N, the world's largest farm equipment maker, a temporary injunction against striking union members who trespass on the company's Davenport Works facility or block its entrance and exits. Deere in a statement said the injunction was put in place to provide safe entry and exit to the facility. "Deere & Company was granted (the order) to maintain a safe environment for all our employees and contractors – including those reporting to work and those exercising their right to strike," the company said in a statement.
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ffb86aea-600d-43f2-8016-6fb0b189a071
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721402.0
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2021-10-20 00:00:00 UTC
|
U.S. Agriculture Secretary Vilsack offers support to striking Deere workers
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DE
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https://www.nasdaq.com/articles/u.s.-agriculture-secretary-vilsack-offers-support-to-striking-deere-workers-2021-10-20
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nan
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nan
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By Tom Polansek
ANKENY, Iowa, Oct 20 (Reuters) - U.S. Agriculture Secretary Tom Vilsack visited striking union members outside a Deere & Co DE.N farm equipment plant in Iowa on Wednesday, telling workers he supports them and the country needs them.
Deere employees represented by the United Auto Workers (UAW) are joining thousands of other U.S. workers who have gone on strike in recent months, demanding higher pay and better working conditions.
Emboldened by a tight jobs market and an administration they consider sypathetic to unions, workers say the strikes are fueled in part by frustration over cuts to healthcare and retirement benefits at a time when their employers are reporting record-breaking returns.
"You work hard and you deserve a fair price and a fair deal," Vilsack told picketers. He said he would be happy to tell Deere Chief Executive Officer John May how important it is to resolve the dispute quickly and fairly.
The company in August raised its full-year earnings forecast amid strong demand.
Deere officials have repeatedly said they want to resolve the strike and maintain their employees' status as the best paid in the industry.
The strike at Deere, the largest U.S. farm equipment maker, began on Oct. 14 after 90% of hourly workers rejected the company's contract offer. Now, about 10,000 employees across 14 U.S. locations are on strike.
The strike is taking place in the middle of the U.S. corn and soybean harvest as farmers are struggling to find parts for tractors and combines.
"We care for the farmers," said Keith Chada, a committeeman for the UAW, who was at the Ankeny plant.
"At the end of the day, we'd like to be able to put our children through college, be able to afford the things that these people can afford on the other side."
As Vilsack pulled up in a SUV, protesters outside the plant waved blue and white signs declaring "UAW on strike." Drivers honked their horns in support as they drove past.
Vilsack shook hands and wished protesters luck. At one point, he pulled out an American Federation of State, County and Municipal Employees lifetime honorary membership card from his pocket.
"It means a lot that he came out to show support for us," said Justin Limke, a UAW Local 450 vice president who works as a painter in the plant.
The visit echoed Vilsack's political past in 1998, when the then-Iowa state senator was lagging in Iowa's gubernatorial race.
"The UAW was with me from the get go," Vilsack said. "You don't forget the people that were with you."
(Reporting by Tom Polansek in Ankeny, Iowa; Writing by Caroline Stauffer and P.J. Huffstutter in Chicago; Editing by Caroline Stauffer and Diane Craft)
((caroline.stauffer@thomsonreuters.com; +1-757-390-0985; Reuters Messaging: caroline.stauffer.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.
|
Emboldened by a tight jobs market and an administration they consider sypathetic to unions, workers say the strikes are fueled in part by frustration over cuts to healthcare and retirement benefits at a time when their employers are reporting record-breaking returns. The strike at Deere, the largest U.S. farm equipment maker, began on Oct. 14 after 90% of hourly workers rejected the company's contract offer. "It means a lot that he came out to show support for us," said Justin Limke, a UAW Local 450 vice president who works as a painter in the plant.
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By Tom Polansek ANKENY, Iowa, Oct 20 (Reuters) - U.S. Agriculture Secretary Tom Vilsack visited striking union members outside a Deere & Co DE.N farm equipment plant in Iowa on Wednesday, telling workers he supports them and the country needs them. The strike at Deere, the largest U.S. farm equipment maker, began on Oct. 14 after 90% of hourly workers rejected the company's contract offer. Deere employees represented by the United Auto Workers (UAW) are joining thousands of other U.S. workers who have gone on strike in recent months, demanding higher pay and better working conditions.
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By Tom Polansek ANKENY, Iowa, Oct 20 (Reuters) - U.S. Agriculture Secretary Tom Vilsack visited striking union members outside a Deere & Co DE.N farm equipment plant in Iowa on Wednesday, telling workers he supports them and the country needs them. Deere employees represented by the United Auto Workers (UAW) are joining thousands of other U.S. workers who have gone on strike in recent months, demanding higher pay and better working conditions. As Vilsack pulled up in a SUV, protesters outside the plant waved blue and white signs declaring "UAW on strike."
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By Tom Polansek ANKENY, Iowa, Oct 20 (Reuters) - U.S. Agriculture Secretary Tom Vilsack visited striking union members outside a Deere & Co DE.N farm equipment plant in Iowa on Wednesday, telling workers he supports them and the country needs them. Deere employees represented by the United Auto Workers (UAW) are joining thousands of other U.S. workers who have gone on strike in recent months, demanding higher pay and better working conditions. Emboldened by a tight jobs market and an administration they consider sypathetic to unions, workers say the strikes are fueled in part by frustration over cuts to healthcare and retirement benefits at a time when their employers are reporting record-breaking returns.
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c576d970-43c4-4647-9a73-a95e6ed79b3d
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721403.0
|
2021-10-19 00:00:00 UTC
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Noteworthy Tuesday Option Activity: PG, ENPH, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-pg-enph-de-2021-10-19
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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 Procter & Gamble Company (Symbol: PG), where a total volume of 51,593 contracts has been traded thus far today, a contract volume which is representative of approximately 5.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.8% of PG's average daily trading volume over the past month, of 6.2 million shares. Particularly high volume was seen for the $140 strike call option expiring October 22, 2021, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange:
Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 13,605 contracts, representing approximately 1.4 million underlying shares or approximately 75.9% of ENPH's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $170 strike put option expiring February 18, 2022, with 742 contracts trading so far today, representing approximately 74,200 underlying shares of ENPH. Below is a chart showing ENPH's trailing twelve month trading history, with the $170 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 10,902 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 72.9% of DE's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $210 strike put option expiring October 29, 2021, with 1,200 contracts trading so far today, representing approximately 120,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $210 strike highlighted in orange:
For the various different available expirations for PG options, ENPH 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.
|
Particularly high volume was seen for the $140 strike call option expiring October 22, 2021, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of PG. Especially high volume was seen for the $170 strike put option expiring February 18, 2022, with 742 contracts trading so far today, representing approximately 74,200 underlying shares of ENPH. Particularly high volume was seen for the $210 strike put option expiring October 29, 2021, with 1,200 contracts trading so far today, representing approximately 120,000 underlying shares of DE.
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Particularly high volume was seen for the $140 strike call option expiring October 22, 2021, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange: Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 13,605 contracts, representing approximately 1.4 million underlying shares or approximately 75.9% of ENPH's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing ENPH's trailing twelve month trading history, with the $170 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 10,902 contracts thus far today.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Procter & Gamble Company (Symbol: PG), where a total volume of 51,593 contracts has been traded thus far today, a contract volume which is representative of approximately 5.2 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange: Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 13,605 contracts, representing approximately 1.4 million underlying shares or approximately 75.9% of ENPH's average daily trading volume over the past month, of 1.8 million shares. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 72.9% of DE's average daily trading volume over the past month, of 1.5 million shares.
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Particularly high volume was seen for the $140 strike call option expiring October 22, 2021, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange: Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 13,605 contracts, representing approximately 1.4 million underlying shares or approximately 75.9% of ENPH's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for PG options, ENPH options, or DE options, visit StockOptionsChannel.com.
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dfed324f-66fa-41e8-b873-81367bff526a
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721404.0
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2021-10-18 00:00:00 UTC
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'Enough's enough': tight U.S. job market triggers strikes for more pay
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DE
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https://www.nasdaq.com/articles/enoughs-enough%3A-tight-u.s.-job-market-triggers-strikes-for-more-pay-2021-10-18
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nan
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nan
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By Ben Klayman
Oct 18 (Reuters) - Thousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a deal over the weekend to avoid a walkout, and the tight jobs market has only emboldened them.
Kevin Bradshaw is an employee at Kellogg Co's K.N cereal plant in Memphis, Tennessee, where most of North America's Frosted Flakes are made. He feels anything but great about cuts to healthcare coverage, retirement benefits and vacation time that union officials say the company is pushing for from about 1,400 workers on strike since Oct. 5 at plants in Michigan, Nebraska, Pennsylvania and Tennessee.
"Enough is enough," said Bradshaw, vice president of Bakery, Confectionary, Tobacco Workers and Grain Millers International Union Local 252G at the Memphis plant. "We can't afford to keep giving away things to a company that financially has made record-breaking returns."
Some 60,000 behind-the-scenes workers on movies and TV shows on Saturday avoided joining the Kellogg strikers, but the near-walkout was the latest demonstration of force by union members who say they are fed up with meager or no raises and other givebacks. Kellogg officials could not be reached for comment but have said the company's compensation is among the industry's best.
Labor activists complain that while many of their members were deemed essential during the COVID-19 crisis, that has not been reflected in how they are treated by employers. With an administration in the White House that they see as sympathetic and a job market that saw a record number of Americans quitting in August, unions are ready to test companies' resolve.
So far, at least 176 strikes have been launched this year, including 17 in October, according to Cornell University's Labor Action Tracker.
"Workers are on strike for a better deal and a better life," Liz Shuler, president of the AFL-CIO, the nation's biggest labor federation, said last week at a SABEW journalism conference.
"The pandemic really did lay bare the inequities of our system and working people are refusing to return to crappy jobs that put their health at risk," she added, noting that the term #Striketober was trending on Twitter.
Despite some setbacks, including a failed organizing drive earlier this year at an Amazon.com AMZN.O facility outside Birmingham, Alabama, union leaders feel the stars are aligned for them to make gains.
"We have entered a new era in labor relations," said Harley Shaiken, professor emeritus of labor at the University of California Berkeley. "Workers feel they're in the driver's seat and there's plenty of lost ground to make up."
"What we're seeing is a fight to return or at least stay in the middle class," he said.
SUPPORT IN THE WHITE HOUSE
Union membership has been declining steadily in recent decades, falling to under 11% of employed Americans in 2020 from 20% in 1983, according to the U.S. Bureau of Labor Statistics.
However, 68% of Americans now approve of unions, the highest proportion since 1965, according to a Gallup poll in August, and that rate climbs to almost 78% for those aged 18 to 29.
Helping fuel the hopes of union leaders is the widespread view among organizers that President Joe Biden is the most pro-union president in modern times. In April, the Democrat created a task force to promote labor organizing.
Two months earlier, he defended workers' rights to form unions in the run-up to the unsuccessful push to organize Amazon workers in Alabama. The teamsters have vowed to continue trying to organize the company's warehouse operations.
Other setbacks for unions have included in Beaumont, Texas, where Exxon Mobil XOM.N locked out 650 workers from its refinery and an adjacent plant in May after a local United Steelworkers union refused to submit a contract proposal. Union leaders have scheduled a vote on the contract for Tuesday, but have urged members to reject it.
Exxon said the lockout was necessary to avoid the disruption of a possible strike and the changes to seniority it wants to impose were needed to ensure profitability. Meanwhile, some union members have moved to decertify the union.
In some sectors the discontent has been striking: 90% of Deere & Co's DE.N hourly workers, represented by the United Auto Workers (UAW) union, rejected the company's contract offer last week and went on strike.
The largest farm equipment maker's 10,000 workers are seeking higher wages and retirement benefits, or as UAW Region 8 director Mitchell Smith said, "a better share of the pie."
Deere declined to comment, but after UAW members voted to go on strike the company said it wanted to maintain its employees' position as the highest paid in the industry.
The behind-the-scenes workers in Hollywood, represented by the International Alliance of Theatrical Stage Employees (IATSE), had sought reduced working hours, more rest periods, meal breaks and pay increases for those at the bottom of the wage scale.
While the Hollywood workers avoided a strike, the picket lines could still become more crowded.
More than 28,000 healthcare workers at 13 Southern California Kaiser Permanente hospitals and hundreds of medical centers voted overwhelmingly earlier this month to authorize a strike. They want more pay and higher levels of staffing to reduce burnout worsened by the pandemic.
That demand is echoed by nearly 2,000 healthcare workers who have been on strike since Oct. 1 in Buffalo, New York.
"We've been working short at Mercy for five years," Kathy Kelly, who has been a nurse for 38 years at the Catholic Health System's Mercy Hospital, said while on break from picketing. "Enough's enough. We can only give so much."
FOCUS-Amazon's new union battle: Teamsters go local to snarl expansion
(Reporting by Ben Klayman in Detroit; Additional reporting by Erwin Seba in Houston, Julia Love and Jeffrey Dastin in San Francisco, and Kannaki Deka in Bengaluru; Editing by Daniel Wallis)
((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.
|
By Ben Klayman Oct 18 (Reuters) - Thousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a deal over the weekend to avoid a walkout, and the tight jobs market has only emboldened them. "The pandemic really did lay bare the inequities of our system and working people are refusing to return to crappy jobs that put their health at risk," she added, noting that the term #Striketober was trending on Twitter. Kevin Bradshaw is an employee at Kellogg Co's K.N cereal plant in Memphis, Tennessee, where most of North America's Frosted Flakes are made.
|
By Ben Klayman Oct 18 (Reuters) - Thousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a deal over the weekend to avoid a walkout, and the tight jobs market has only emboldened them. In some sectors the discontent has been striking: 90% of Deere & Co's DE.N hourly workers, represented by the United Auto Workers (UAW) union, rejected the company's contract offer last week and went on strike. Kevin Bradshaw is an employee at Kellogg Co's K.N cereal plant in Memphis, Tennessee, where most of North America's Frosted Flakes are made.
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Other setbacks for unions have included in Beaumont, Texas, where Exxon Mobil XOM.N locked out 650 workers from its refinery and an adjacent plant in May after a local United Steelworkers union refused to submit a contract proposal. In some sectors the discontent has been striking: 90% of Deere & Co's DE.N hourly workers, represented by the United Auto Workers (UAW) union, rejected the company's contract offer last week and went on strike. By Ben Klayman Oct 18 (Reuters) - Thousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a deal over the weekend to avoid a walkout, and the tight jobs market has only emboldened them.
|
Despite some setbacks, including a failed organizing drive earlier this year at an Amazon.com AMZN.O facility outside Birmingham, Alabama, union leaders feel the stars are aligned for them to make gains. In some sectors the discontent has been striking: 90% of Deere & Co's DE.N hourly workers, represented by the United Auto Workers (UAW) union, rejected the company's contract offer last week and went on strike. By Ben Klayman Oct 18 (Reuters) - Thousands of workers remain on strike across the United States demanding higher pay and better conditions despite Hollywood make-up artists and camera operators reaching a deal over the weekend to avoid a walkout, and the tight jobs market has only emboldened them.
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97c3b79d-4928-4f5f-9807-bafe3b804035
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721405.0
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2021-10-14 00:00:00 UTC
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June 2022 Options Now Available For Deere
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DE
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https://www.nasdaq.com/articles/june-2022-options-now-available-for-deere-2021-10-14
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the June 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new June 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $320.00 strike price has a current bid of $24.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $320.00, but will also collect the premium, putting the cost basis of the shares at $295.50 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $330.13/share today.
Because the $320.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.66% return on the cash commitment, or 11.36% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $320.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $340.00 strike price has a current bid of $24.50. If an investor was to purchase shares of DE stock at the current price level of $330.13/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $340.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.41% if the stock gets called away at the June 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $340.00 strike highlighted in red:
Considering the fact that the $340.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.42% boost of extra return to the investor, or 11.01% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $330.13) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls 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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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $340.00 strike highlighted in red: Considering the fact that the $340.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the June 2022 expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $340.00 strike highlighted in red: Considering the fact that the $340.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the June 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new June 2022 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $320.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $340.00 strike price has a current bid of $24.50. Below is a chart showing DE's trailing twelve month trading history, with the $340.00 strike highlighted in red: Considering the fact that the $340.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new June 2022 contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $340.00 strike highlighted in red: Considering the fact that the $340.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the June 2022 expiration.
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871b78cf-d76d-437d-bf8f-4365e51a86c3
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721406.0
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2021-10-13 00:00:00 UTC
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Deere workers set to go on strike as UAW fails to reach deal
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DE
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https://www.nasdaq.com/articles/deere-workers-set-to-go-on-strike-as-uaw-fails-to-reach-deal-2021-10-13-0
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nan
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nan
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Adds harvest season details in paragraph eight
Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker.
Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal.
The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
Negotiators from the union returned to the bargaining table on Monday to thrash out a new deal, but have not reached a new agreement yet. A strike deadline of 23:59 CT on Wednesday (0459 on Thursday GMT) was set by the union.
The now-rejected offer would have given 5% wage hikes for some workers and 6% for some others. The proposed deal had also called for 3% raises in 2023 and 2025.
The workers understand that they had to make concessions on some benefits in the past and now they want to get some of it back at a time when Deere is doing "very well financially" and labor shortages persist industry-wide, a source familiar with the talks told Reuters.
Deere, which has about 27,500 employees in the United States and Canada, had earlier said its operations would continue as normal.
The strike is set to take place in the middle of the U.S. corn and soybean harvest season, at a time when farmers are struggling to find parts for tractors and combines.
The last strike against Deere by the UAW was in 1986 when workers sat out for 163 days.
The company is expected to report full-year results late November. It has forecast record net income of $5.7 billion to $5.9 billion.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sweta Singh and Maju Samuel)
((Nathan.Gomes@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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Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The workers understand that they had to make concessions on some benefits in the past and now they want to get some of it back at a time when Deere is doing "very well financially" and labor shortages persist industry-wide, a source familiar with the talks told Reuters. Adds harvest season details in paragraph eight Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker.
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Adds harvest season details in paragraph eight Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker. Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
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Adds harvest season details in paragraph eight Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker. Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
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Adds harvest season details in paragraph eight Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker. Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
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643a4f9a-bed4-4668-97d8-2a945e3b759d
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721407.0
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2021-10-13 00:00:00 UTC
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Deere workers set to go on strike as UAW fails to reach deal
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DE
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https://www.nasdaq.com/articles/deere-workers-set-to-go-on-strike-as-uaw-fails-to-reach-deal-2021-10-13
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nan
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nan
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Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker.
Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal.
The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
Negotiators from the union returned to the bargaining table on Monday to thrash out a new deal, but have not reached a new agreement yet. A strike deadline of 23:59 CT on Wednesday (0459 on Thursday GMT) was set by the union.
The now-rejected offer would have given 5% wage hikes for some workers and 6% for some others. The proposed deal had also called for 3% raises in 2023 and 2025.
The workers understand that they had to make concessions on some benefits in the past and now they want to get some of it back at a time when Deere is doing "very well financially" and labor shortages persist industry-wide, a source familiar with the talks told Reuters.
Deere, which has about 27,500 employees in the United States and Canada, had earlier said its operations would continue as normal.
A possible strike could, however, cost Deere days of production at a time when it is dealing with supply challenges and inflationary pressures.
The last strike against Deere by the UAW was in 1986 when workers sat out for 163 days.
The company is expected to report full-year results late November. It has forecast record net income of $5.7 billion to $5.9 billion.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sweta Singh and Maju Samuel)
((Nathan.Gomes@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.
|
Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The workers understand that they had to make concessions on some benefits in the past and now they want to get some of it back at a time when Deere is doing "very well financially" and labor shortages persist industry-wide, a source familiar with the talks told Reuters. A possible strike could, however, cost Deere days of production at a time when it is dealing with supply challenges and inflationary pressures.
|
Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker. Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. A possible strike could, however, cost Deere days of production at a time when it is dealing with supply challenges and inflationary pressures.
|
Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker. Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
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Oct 13 (Reuters) - Thousands of Deere & Co DE.N workers were set to go on strike, days after overwhelmingly rejecting a six-year labor contract that was agreed on by United Auto Workers negotiators and the tractor maker. Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. The tentative deal covered about 10,000 production and maintenance employees across 14 facilities in the United States.
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1c7dda84-0723-47b4-b6a1-6ef926ef3035
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721408.0
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2021-10-13 00:00:00 UTC
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Buy Caterpillar Stock While It Is Sill Trading at These Bargain Prices
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DE
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https://www.nasdaq.com/articles/buy-caterpillar-stock-while-it-is-sill-trading-at-these-bargain-prices-2021-10-13
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Caterpillar (NYSE:CAT) stock has lost one-quarter of its value since the end of May, thanks to the Delta variant of Covid-19.
Source: Shutterstock
The pandemic has stalled the boom in infrastructure spending that was expected to follow the pandemic. The Congressional delay in getting that spending approved hasn’t helped. Neither have Caterpillar’s own supply chain problems.
But the boom is coming. While you wait for it you can own one of the great value stocks of our time.
CAT stock trades at about $189, with a market cap of nearly $105 billion and a price-to-earnings ratio of 24. Investors are also catching dividends yielding 2.3% this year. It’s less than 2.5 times the company’s sales.
Analysts have taken notice and have begun publicly pounding the table for CAT stock. JPMorgan Chase (NYSE:JPM) now calls CAT stock its top pick for 2022. TV analyst Stephanie Link of Hightower Advisors has been telling CNBC viewers to buy it.
This isn’t new. Analysts were telling investors to ride the construction boom with CAT stock back in August. Most analysts at Tipranks want you to buy it, with a price target 24% higher than its current price.
7 Cheap Stocks to Buy Before They Take Off
You can’t blame earnings for the stock’s fall. Second-quarter revenue rose 29% from a year earlier. Earnings were an adjusted $2.60/share, which beat street estimates. During the quarter Caterpillar handed shareholders $800 million in buybacks and dividends.
Caterpillar also crushed estimates in its first quarter. The sell-off began a month after the announcement.
Why CAT Stock Fell
There are three reasons cited for the stock sell-off. Raw material prices are rising, growth in China is slowing, and at its (then) high of $244, the stock was getting ahead of itself.
Caterpillar is seen less as a value stock than a cyclical. It rises and falls with economic activity and anticipated activity.
The Asia/Pacific region led sales gains in the first quarter, but they were flat in the second quarter. North America saved the second quarter but may not save the third, bears say. Better days are ahead, screamed Barron’s after those second-quarter numbers came out. Investors decided that meant today wasn’t too good.
Analysts now expect revenue of $12.48 billion when CAT reports Oct. 28. That would be down $500 million from the second quarter. The “whisper number” on revenue is even lower, $12.34 billion, but earnings are still expected at around $2.27 per share.
Still, the bears seem in control of the stock for now. There’s a worker shortage., and China’s construction giant Evergrande is imploding.
The sell-off in construction equipment stocks has been general. Deere (NYSE:DE) is down 11.6% in the last six months. Cummins Engine (NYSE:CMI) is down 10.4%. But it’s CAT that has been getting hurt worst, down almost 17% since April.
The Bottom Line
When the market offers you a bargain, take it.
Some investors estimate CAT stock is currently undervalued by as much as 31%. The company isn’t just sitting on its gas engines. It bought a carbon capture firm called CarbonPoint just last month. It plans to offer a generator running on 100% hydrogen.
CAT is still not a green equipment company. The hydrogen generator uses “blue” hydrogen, derived from natural gas. Capturing carbon isn’t the same thing as not putting it into the atmosphere.
But you can’t get ahead of the market if you want to win it. Caterpillar has sold an electric bulldozer for years. It makes a range of electric forklifts.
I’m as perplexed as anyone by what Caterpillar stock is doing. But just as nature abhors a vacuum, the stock market abhors a bargain. Buy it.
On the date of publication, Dana Blankenhorn held no positions in companies mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Living With Moore’s Law: Past, Present and Future available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or tweet him at @danablankenhorn. He writes a Substack newsletter, Facing the Future, which covers technology, markets, and politics.
The post Buy Caterpillar Stock While It Is Sill Trading at These Bargain Prices 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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Analysts were telling investors to ride the construction boom with CAT stock back in August. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (NYSE:CAT) stock has lost one-quarter of its value since the end of May, thanks to the Delta variant of Covid-19. Source: Shutterstock The pandemic has stalled the boom in infrastructure spending that was expected to follow the pandemic.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (NYSE:CAT) stock has lost one-quarter of its value since the end of May, thanks to the Delta variant of Covid-19. Analysts were telling investors to ride the construction boom with CAT stock back in August. Some investors estimate CAT stock is currently undervalued by as much as 31%.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (NYSE:CAT) stock has lost one-quarter of its value since the end of May, thanks to the Delta variant of Covid-19. Source: Shutterstock The pandemic has stalled the boom in infrastructure spending that was expected to follow the pandemic. The Congressional delay in getting that spending approved hasn’t helped.
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Analysts were telling investors to ride the construction boom with CAT stock back in August. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (NYSE:CAT) stock has lost one-quarter of its value since the end of May, thanks to the Delta variant of Covid-19. Source: Shutterstock The pandemic has stalled the boom in infrastructure spending that was expected to follow the pandemic.
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20ca8d91-a474-4790-982d-4f5a7e4ef68c
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721409.0
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2021-10-12 00:00:00 UTC
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Noteworthy ETF Inflows: MTUM, AMAT, MRNA, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-mtum-amat-mrna-de-2021-10-12
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $177.6 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 87,350,000 to 88,350,000). Among the largest underlying components of MTUM, in trading today Applied Materials, Inc. (Symbol: AMAT) is up about 0.1%, Moderna Inc (Symbol: MRNA) is up about 0.7%, and Deere & Co. (Symbol: DE) is lower by about 0.5%. For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average:
Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $177.57. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $177.57. 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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Among the largest underlying components of MTUM, in trading today Applied Materials, Inc. (Symbol: AMAT) is up about 0.1%, Moderna Inc (Symbol: MRNA) is up about 0.7%, and Deere & Co. (Symbol: DE) is lower by about 0.5%. For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $177.57. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $177.6 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 87,350,000 to 88,350,000).
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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 MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $177.6 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 87,350,000 to 88,350,000). For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $177.57. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $177.6 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 87,350,000 to 88,350,000). For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $177.57. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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c1c2504f-d454-467f-b348-9194b94927cc
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721410.0
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2021-10-12 00:00:00 UTC
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FOCUS-'Desperate for tires.' Components shortage roils U.S. harvest
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DE
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https://www.nasdaq.com/articles/focus-desperate-for-tires.-components-shortage-roils-u.s.-harvest-2021-10-12
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nan
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nan
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By P.J. Huffstutter and Mark Weinraub
CHICAGO, Oct 12 (Reuters) - Dale Hadden cannot find any spare tires for his combine harvester. So the Illinois farmer told his harvest crew to avoid driving on the sides of roads this autumn to avoid metal scraps that could shred tires.
New Ag Supply in Kansas is pleading with customers to order parts now for spring planting. And in Iowa, farmer Cordt Holub is locking up his machinery inside his barn each night, after thieves stole hard-to-find tractor parts from a local Deere & Co DE.N dealership.
"You try to baby your equipment, but we're all at the mercy of luck right now," said Holub, a fourth-generation corn and soybean farmer in Buckingham, Iowa.
Manufacturing meltdowns are hitting the U.S. heartland, as the semiconductor shortages that have plagued equipment makers for months expand into other components. Supply chain woes now pose a threat to the U.S. food supply and farmers' ability to get crops out of fields.
Farmers say they are scrambling to find workarounds when their machinery breaks, tracking down local welders and mechanics. Growers looking to buy tractors and combines online are asking for close-up photos of the machine's tires, because replacements are expensive and difficult to find, said Greg Peterson, founder of the Machinery Pete website which hosts farm equipment auctions.
"As harvest ends, we will see farmers at equipment auctions not for the machinery - but for parts," Peterson said. "We're already hearing from guys talking about buying a second planter or sprayer, just for parts."
For some farmers, the shortages are forcing them to reuse - or repair - old parts.
At their small welding shop in western Washington, Rami and Bob Warburton can barely keep up with all the orders from farmers needing something repaired from fittings for irrigation systems to a cracked bulldozer bucket.
"We were in the middle of a drought up here," Rami Warburton said. "At that time, they couldn't wait to water their fields for a month. The crops will be dead by then."
'TYLENOL MOMENTS'
Kinks in the supply chain due to COVID-19 shutdowns in manufacturing hubs in the United States and Asia, a container shortage snarling major ports, and a dearth of workers prevent equipment manufacturers from fully cashing in on a lucrative moment, when grain prices have soared to the highest in nearly a decade.
The Purdue University/CME Group Ag Economy Barometer, a monthly measure of farmer economic sentiment, fell 10% to its lowest level since July 2020 in early October. Supply concerns are weighing heavily on growers, with 55% of farmers surveyed saying that low inventories have affected their plans to buy machinery.
Access to steel, plastic, rubber and other raw materials has been scarce during the pandemic, and manufacturers are preparing for even more shocks after power shortages forced several Chinese smelters to cut production in recent weeks.
When executives from farm machinery maker AGCO Corp AGCO.N visited Midwest suppliers this summer, they found some companies were operating at only 60% staffing levels, said Greg Toornman, who oversees AGCO’s global supply chain management.
Toornman said staff levels are dropping at some suppliers in the Dakotas, Nebraska and Texas, as workers object to President Joe Biden's vaccine mandate, drop out of the workforce for fear of getting COVID-19 or move to other jobs.
"It's the perfect storm of Tylenol moments," Toornman said. "It's one headache after another."
The supply squeeze has put particular pressure on equipment dealerships, who typically see their service business boom during the traditional September through November harvest season.
This year, some have resorted to sifting through decade-old inventory for solutions. One pain point for dealerships is an industry-wide shortage of GPS receivers, which are used to run tractor guidance and data systems.
At Ag-Pro, the largest privately-owned Deere & Co dealership in North America, staff in Ohio have been digging out GPS units that date back to 2004. Until now, they were essentially worthless.
But producers can still use them to record a digital harvest map of their farms – something many need when talking to their bankers, landlords and crop insurance agents.
COMPONENTS TRIAGE
Equipment manufacturers are faced with a painful choice this harvest season: Send parts to factories to build new tractors and combines to sell to farmers or redirect those parts into the field to repair broken equipment for existing customers?
For AGCO and rival manufacturer CNH Industrial N.V. CNHI.MI, the answer is the latter.
"You can't afford not to support those customers in the field," AGCO's Toornman said. "When you're harvesting, timing is everything."
CNH estimates that supply chain constraints ranging from increases in freight to higher raw materials prices have cost the company $1 billion.
That lag has forced the company to turn some factory parking lots into storage lots. At CNH's combine plant in Grand Island, Nebraska, hundreds of unfinished combines sit outside, waiting for parts.
Meanwhile, CNH is redirecting components that can be used on its Case IH and New Holland equipment to customers in the field, a company representative said.
CNH has been signaling to dealers that supply chain problems and parts shortages for Case IH farm equipment are ongoing, according to Reuters interviews with six dealers. The manufacturer said in a statement it is meeting customer needs "the best we can given these unprecedented challenges."
Deere said it is reorganizing shipping containers to make more room for goods, leasing extra cranes to expedite unloading ships at ports, and expanding its trucking fleet.
But component shortages are "particularly challenging for farmers facing what is already a short window of time to harvest," said Luke Gakstatter, senior vice president of Deere's aftermarket and customer support.
In some cases, the company has delivered unfinished machinery to customers. Missouri farmer Andy Kapp's brand new combine rolled off the assembly line missing some of the high-tech cameras that help provide the very efficiency he paid hundreds of thousands of dollars for.
But he is using it anyway, and even has stocked up on some extra parts, in case the combine breaks down.
"As you get toward the end of harvest, machinery and people get more tired," Kapp said. "It's a new machine. It won't surprise us if there are a few loose bolts."
(Reporting By P.J. Huffstutter and Mark Weinraub in Chicago; additional reporting by Dane Rhys in Monroeville, Ohio; Editing by Caroline Stauffer and Marguerita Choy)
((pj.huffstutter@thomsonreuters.com; 313-484-5275 (w); On Twitter @pjhuffstutter; Reuters Messaging: pj.huffstutter.reuters.com@thomsonreuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growers looking to buy tractors and combines online are asking for close-up photos of the machine's tires, because replacements are expensive and difficult to find, said Greg Peterson, founder of the Machinery Pete website which hosts farm equipment auctions. At their small welding shop in western Washington, Rami and Bob Warburton can barely keep up with all the orders from farmers needing something repaired from fittings for irrigation systems to a cracked bulldozer bucket. Access to steel, plastic, rubber and other raw materials has been scarce during the pandemic, and manufacturers are preparing for even more shocks after power shortages forced several Chinese smelters to cut production in recent weeks.
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At CNH's combine plant in Grand Island, Nebraska, hundreds of unfinished combines sit outside, waiting for parts. CNH has been signaling to dealers that supply chain problems and parts shortages for Case IH farm equipment are ongoing, according to Reuters interviews with six dealers. Huffstutter and Mark Weinraub CHICAGO, Oct 12 (Reuters) - Dale Hadden cannot find any spare tires for his combine harvester.
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CNH has been signaling to dealers that supply chain problems and parts shortages for Case IH farm equipment are ongoing, according to Reuters interviews with six dealers. Huffstutter and Mark Weinraub CHICAGO, Oct 12 (Reuters) - Dale Hadden cannot find any spare tires for his combine harvester. So the Illinois farmer told his harvest crew to avoid driving on the sides of roads this autumn to avoid metal scraps that could shred tires.
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Huffstutter and Mark Weinraub CHICAGO, Oct 12 (Reuters) - Dale Hadden cannot find any spare tires for his combine harvester. So the Illinois farmer told his harvest crew to avoid driving on the sides of roads this autumn to avoid metal scraps that could shred tires. New Ag Supply in Kansas is pleading with customers to order parts now for spring planting.
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58ec6802-7ebc-4afa-acbc-cf9c0bf499f6
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721411.0
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2021-10-11 00:00:00 UTC
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Union Members Reject Deere's Proposed Tentative Agreements
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DE
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https://www.nasdaq.com/articles/union-members-reject-deeres-proposed-tentative-agreements-2021-10-11
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nan
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nan
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(RTTNews) - Deere & Company (DE), a manufacturer of agricultural machinery said its production and maintenance staff and the members of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or UAW rejected the tentative labor agreement that would have covered over 10,000 workers at 14 sites across the U.S.
On October 1, the company had said it reached a 6-year tentative labor agreement with the union that covers about 10,100 production and maintenance staff at 12 facilities in Iowa, Illinois, and Kansas as well as Deere parts facilities in Denver and Atlanta.
Upon rejection of the agreement, Brad Morris, Vice President of Labor Relations for Deere & Company commented, "After weeks of negotiations, John Deere reached tentative agreements with the UAW that would have made the best wages and most comprehensive benefits in our industries significantly better for our employees."
"John Deere remains fully committed to continuing the collective bargaining process in an effort to better understand our employees' viewpoints."
The company however said the operations will continue as normal.
The views and 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 & Company (DE), a manufacturer of agricultural machinery said its production and maintenance staff and the members of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or UAW rejected the tentative labor agreement that would have covered over 10,000 workers at 14 sites across the U.S. On October 1, the company had said it reached a 6-year tentative labor agreement with the union that covers about 10,100 production and maintenance staff at 12 facilities in Iowa, Illinois, and Kansas as well as Deere parts facilities in Denver and Atlanta. Upon rejection of the agreement, Brad Morris, Vice President of Labor Relations for Deere & Company commented, "After weeks of negotiations, John Deere reached tentative agreements with the UAW that would have made the best wages and most comprehensive benefits in our industries significantly better for our employees." "John Deere remains fully committed to continuing the collective bargaining process in an effort to better understand our employees' viewpoints."
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(RTTNews) - Deere & Company (DE), a manufacturer of agricultural machinery said its production and maintenance staff and the members of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or UAW rejected the tentative labor agreement that would have covered over 10,000 workers at 14 sites across the U.S. On October 1, the company had said it reached a 6-year tentative labor agreement with the union that covers about 10,100 production and maintenance staff at 12 facilities in Iowa, Illinois, and Kansas as well as Deere parts facilities in Denver and Atlanta. Upon rejection of the agreement, Brad Morris, Vice President of Labor Relations for Deere & Company commented, "After weeks of negotiations, John Deere reached tentative agreements with the UAW that would have made the best wages and most comprehensive benefits in our industries significantly better for our employees." "John Deere remains fully committed to continuing the collective bargaining process in an effort to better understand our employees' viewpoints."
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(RTTNews) - Deere & Company (DE), a manufacturer of agricultural machinery said its production and maintenance staff and the members of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or UAW rejected the tentative labor agreement that would have covered over 10,000 workers at 14 sites across the U.S. On October 1, the company had said it reached a 6-year tentative labor agreement with the union that covers about 10,100 production and maintenance staff at 12 facilities in Iowa, Illinois, and Kansas as well as Deere parts facilities in Denver and Atlanta. Upon rejection of the agreement, Brad Morris, Vice President of Labor Relations for Deere & Company commented, "After weeks of negotiations, John Deere reached tentative agreements with the UAW that would have made the best wages and most comprehensive benefits in our industries significantly better for our employees." "John Deere remains fully committed to continuing the collective bargaining process in an effort to better understand our employees' viewpoints."
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(RTTNews) - Deere & Company (DE), a manufacturer of agricultural machinery said its production and maintenance staff and the members of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America or UAW rejected the tentative labor agreement that would have covered over 10,000 workers at 14 sites across the U.S. On October 1, the company had said it reached a 6-year tentative labor agreement with the union that covers about 10,100 production and maintenance staff at 12 facilities in Iowa, Illinois, and Kansas as well as Deere parts facilities in Denver and Atlanta. Upon rejection of the agreement, Brad Morris, Vice President of Labor Relations for Deere & Company commented, "After weeks of negotiations, John Deere reached tentative agreements with the UAW that would have made the best wages and most comprehensive benefits in our industries significantly better for our employees." "John Deere remains fully committed to continuing the collective bargaining process in an effort to better understand our employees' viewpoints."
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6c4ab89f-4295-47f5-b2da-d5dfbe9ab47a
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721412.0
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2021-10-10 00:00:00 UTC
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Deere workers reject six-year labor contract
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DE
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https://www.nasdaq.com/articles/deere-workers-reject-six-year-labor-contract-2021-10-11
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nan
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nan
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Oct 10 (Reuters) - A majority of Deere & Co DE.N workers voted against a six-year labor contract that was tentatively agreed with the United Auto Workers (UAW) earlier this month, the U.S. tractor maker said on Sunday.
The deal over wages and employee benefits would have covered about 10,000 employees across 14 facilities in Iowa, Illinois, and Kansas.
"John Deere remains fully committed to continuing the collective bargaining process," the company said, adding that operations would continue as normal.
The agreement reached by UAW and John Deere on Oct. 1 was rejected by "90% of the membership", UAW Vice President Chuck Browning said in a separate statement.
A strike deadline has been set at the end of Wednesday, he said.
The contract had included significant economic gains and offered the highest quality healthcare benefits in the industry, Browning had said earlier this month.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Ramakrishnan M.)
((Aishwarya.Nair@thomsonreuters.com; +91-8067494421;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Oct 10 (Reuters) - A majority of Deere & Co DE.N workers voted against a six-year labor contract that was tentatively agreed with the United Auto Workers (UAW) earlier this month, the U.S. tractor maker said on Sunday. The contract had included significant economic gains and offered the highest quality healthcare benefits in the industry, Browning had said earlier this month. The deal over wages and employee benefits would have covered about 10,000 employees across 14 facilities in Iowa, Illinois, and Kansas.
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Oct 10 (Reuters) - A majority of Deere & Co DE.N workers voted against a six-year labor contract that was tentatively agreed with the United Auto Workers (UAW) earlier this month, the U.S. tractor maker said on Sunday. The deal over wages and employee benefits would have covered about 10,000 employees across 14 facilities in Iowa, Illinois, and Kansas. The agreement reached by UAW and John Deere on Oct. 1 was rejected by "90% of the membership", UAW Vice President Chuck Browning said in a separate statement.
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Oct 10 (Reuters) - A majority of Deere & Co DE.N workers voted against a six-year labor contract that was tentatively agreed with the United Auto Workers (UAW) earlier this month, the U.S. tractor maker said on Sunday. The agreement reached by UAW and John Deere on Oct. 1 was rejected by "90% of the membership", UAW Vice President Chuck Browning said in a separate statement. The deal over wages and employee benefits would have covered about 10,000 employees across 14 facilities in Iowa, Illinois, and Kansas.
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Oct 10 (Reuters) - A majority of Deere & Co DE.N workers voted against a six-year labor contract that was tentatively agreed with the United Auto Workers (UAW) earlier this month, the U.S. tractor maker said on Sunday. The deal over wages and employee benefits would have covered about 10,000 employees across 14 facilities in Iowa, Illinois, and Kansas. "John Deere remains fully committed to continuing the collective bargaining process," the company said, adding that operations would continue as normal.
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f6350e7a-ebfb-40e1-b286-c67337f40cdb
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721413.0
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2021-10-08 00:00:00 UTC
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Noteworthy Friday Option Activity: CPE, WYNN, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-cpe-wynn-de-2021-10-08
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Callon Petroleum Co. (Symbol: CPE), where a total of 8,933 contracts have traded so far, representing approximately 893,300 underlying shares. That amounts to about 41.3% of CPE's average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $55 strike call option expiring January 21, 2022, with 1,317 contracts trading so far today, representing approximately 131,700 underlying shares of CPE. Below is a chart showing CPE's trailing twelve month trading history, with the $55 strike highlighted in orange:
Wynn Resorts Ltd (Symbol: WYNN) options are showing a volume of 33,040 contracts thus far today. That number of contracts represents approximately 3.3 million underlying shares, working out to a sizeable 41.1% of WYNN's average daily trading volume over the past month, of 8.0 million shares. Particularly high volume was seen for the $92 strike call option expiring October 15, 2021, with 1,389 contracts trading so far today, representing approximately 138,900 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $92 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 7,587 contracts, representing approximately 758,700 underlying shares or approximately 40.8% of DE's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $250 strike put option expiring November 19, 2021, with 301 contracts trading so far today, representing approximately 30,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $250 strike highlighted in orange:
For the various different available expirations for CPE options, WYNN 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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Particularly high volume was seen for the $55 strike call option expiring January 21, 2022, with 1,317 contracts trading so far today, representing approximately 131,700 underlying shares of CPE. Particularly high volume was seen for the $92 strike call option expiring October 15, 2021, with 1,389 contracts trading so far today, representing approximately 138,900 underlying shares of WYNN. Especially high volume was seen for the $250 strike put option expiring November 19, 2021, with 301 contracts trading so far today, representing approximately 30,100 underlying shares of DE.
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Below is a chart showing WYNN's trailing twelve month trading history, with the $92 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 7,587 contracts, representing approximately 758,700 underlying shares or approximately 40.8% of DE's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $250 strike highlighted in orange: For the various different available expirations for CPE options, WYNN options, or DE options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Callon Petroleum Co. (Symbol: CPE), where a total of 8,933 contracts have traded so far, representing approximately 893,300 underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Callon Petroleum Co. (Symbol: CPE), where a total of 8,933 contracts have traded so far, representing approximately 893,300 underlying shares. Below is a chart showing WYNN's trailing twelve month trading history, with the $92 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 7,587 contracts, representing approximately 758,700 underlying shares or approximately 40.8% of DE's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $250 strike highlighted in orange: For the various different available expirations for CPE options, WYNN options, or DE options, visit StockOptionsChannel.com.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Callon Petroleum Co. (Symbol: CPE), where a total of 8,933 contracts have traded so far, representing approximately 893,300 underlying shares. Below is a chart showing WYNN's trailing twelve month trading history, with the $92 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 7,587 contracts, representing approximately 758,700 underlying shares or approximately 40.8% of DE's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $250 strike highlighted in orange: For the various different available expirations for CPE options, WYNN options, or DE options, visit StockOptionsChannel.com.
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95153363-a495-4024-9ac5-41cc2a8d65d2
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721414.0
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2021-10-04 00:00:00 UTC
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Noteworthy ETF Inflows: MTUM, MRNA, GOOG, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-mtum-mrna-goog-de-2021-10-04
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $452.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 84,800,000 to 87,350,000). Among the largest underlying components of MTUM, in trading today Moderna Inc (Symbol: MRNA) is down about 5.4%, Alphabet Inc (Symbol: GOOG) is off about 2.8%, and Deere & Co. (Symbol: DE) is lower by about 0.6%. For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average:
Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $175.54. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $175.54. 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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Among the largest underlying components of MTUM, in trading today Moderna Inc (Symbol: MRNA) is down about 5.4%, Alphabet Inc (Symbol: GOOG) is off about 2.8%, and Deere & Co. (Symbol: DE) is lower by about 0.6%. For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $175.54. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $452.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 84,800,000 to 87,350,000).
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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 MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $452.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 84,800,000 to 87,350,000). For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $175.54. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $452.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 84,800,000 to 87,350,000). For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $139.92 per share, with $183.9319 as the 52 week high point — that compares with a last trade of $175.54. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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aa65b055-b45a-44a8-9b8a-b379028f2569
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721415.0
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2021-10-01 00:00:00 UTC
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Deere reaches tentative 6-year labor deal with United Auto Workers union
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DE
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https://www.nasdaq.com/articles/deere-reaches-tentative-6-year-labor-deal-with-united-auto-workers-union-2021-10-01
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nan
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nan
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Oct 1 (Reuters) - U.S. tractor maker Deere & Co DE.N and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers.
The tentative deal will cover about 10,100 production and maintenance employees across 12 facilities in Iowa, Illinois, and Kansas.
The agreement contains significant economic gains and offers highest quality healthcare benefits in the industry, UAW Vice President Chuck Browning said in a separate statement.
The union will release details of the deal after members at Deere locations have reviewed the terms on Oct. 10.
(Reporting by Shreyasee Raj; Editing by Shinjini Ganguli)
((Shreyasee.Raj@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The tentative deal will cover about 10,100 production and maintenance employees across 12 facilities in Iowa, Illinois, and Kansas. The agreement contains significant economic gains and offers highest quality healthcare benefits in the industry, UAW Vice President Chuck Browning said in a separate statement. The union will release details of the deal after members at Deere locations have reviewed the terms on Oct. 10.
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Oct 1 (Reuters) - U.S. tractor maker Deere & Co DE.N and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers. The union will release details of the deal after members at Deere locations have reviewed the terms on Oct. 10. The tentative deal will cover about 10,100 production and maintenance employees across 12 facilities in Iowa, Illinois, and Kansas.
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Oct 1 (Reuters) - U.S. tractor maker Deere & Co DE.N and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers. The agreement contains significant economic gains and offers highest quality healthcare benefits in the industry, UAW Vice President Chuck Browning said in a separate statement. The tentative deal will cover about 10,100 production and maintenance employees across 12 facilities in Iowa, Illinois, and Kansas.
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Oct 1 (Reuters) - U.S. tractor maker Deere & Co DE.N and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will be subject to a vote by the company workers. The tentative deal will cover about 10,100 production and maintenance employees across 12 facilities in Iowa, Illinois, and Kansas. The agreement contains significant economic gains and offers highest quality healthcare benefits in the industry, UAW Vice President Chuck Browning said in a separate statement.
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cba7e7f9-81cb-4191-a5aa-e521f5d7540c
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721416.0
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2021-10-01 00:00:00 UTC
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US STOCKS-Futures slip ahead of inflation, factory activity data
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DE
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https://www.nasdaq.com/articles/us-stocks-futures-slip-ahead-of-inflation-factory-activity-data-2021-10-01
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures down: Dow 0.48%, S&P 0.40%, Nasdaq 0.33%
Oct 1 (Reuters) - U.S. stock index futures fell on Friday with economically sensitive sectors leading declines ahead of key readings on inflation and industrial activity, while progress towards a bipartisan infrastructure package remained in focus.
Oil firms including Exxon Mobil XOM.N and Chevron Corp CVX.N slipped about 0.9% premarket, while big banks Morgan Stanley MS.N, JPMorgan Chase & Co JPM.N, Citigroup C.N, Bank of America BAC.N and Goldman Sachs Group GS.N dropped 1% each.
Industrials Caterpillar Inc C.N, Deere & Co DE.N and Nucor Corp NUE.N also came under pressure after Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill on Thursday.
These stocks would benefit the most from government spending on infrastructure.
Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wrecked by concerns over COVID-19, inflation fears and budget wrangling in Washington.
All eyes are now on consumer spending, inflation and factory activity data later in the day for signs of economic health and clues regarding the Federal Reserve's timeline for tapering its asset purchases and hiking key interest rates.
President Joe Biden signed a measure to continue funding the government through Dec. 3, although congressional Democrats and Republicans continued brawling over raising the debt ceiling beyond $28.4 trillion to avert a U.S. credit default.
At 6:21 a.m. ET, Dow e-minis 1YMcv1 were down 163 points, or 0.48%, S&P 500 e-minis EScv1 were down 17.25 points, or 0.4%, and Nasdaq 100 e-minis NQcv1 were down 48.75 points, or 0.33%.
The S&P 500 on Thursday closed below its 100-day moving average (DMA), a closely watched technical indicator, for the first time since November 2020. All the three major Wall Street indexes are trading below their 100-DMAs.
Mega-cap tech stocks AMZN.O, TSLA.O, MSFT.O, AAPL.O, FB.O, NFLX.O and GOOGL.O slipped before the opening bell.
The NYSE FANG+TM index .NYFANG, which houses some of these stocks, slipped 3.7% over the July to September period, breaking its five-quarter winning streak.
Merck & Co Inc MRK.N jumped 4.7% after the drugmaker's experimental oral drug for COVID-19, molnupiravir, reduced by around 50% the chance of hospitalization or death for patients at risk of severe disease in a study.
(Reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industrials Caterpillar Inc C.N, Deere & Co DE.N and Nucor Corp NUE.N also came under pressure after Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill on Thursday. All eyes are now on consumer spending, inflation and factory activity data later in the day for signs of economic health and clues regarding the Federal Reserve's timeline for tapering its asset purchases and hiking key interest rates. Merck & Co Inc MRK.N jumped 4.7% after the drugmaker's experimental oral drug for COVID-19, molnupiravir, reduced by around 50% the chance of hospitalization or death for patients at risk of severe disease in a study.
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Futures down: Dow 0.48%, S&P 0.40%, Nasdaq 0.33% Oct 1 (Reuters) - U.S. stock index futures fell on Friday with economically sensitive sectors leading declines ahead of key readings on inflation and industrial activity, while progress towards a bipartisan infrastructure package remained in focus. All the three major Wall Street indexes are trading below their 100-DMAs. Industrials Caterpillar Inc C.N, Deere & Co DE.N and Nucor Corp NUE.N also came under pressure after Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill on Thursday.
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Futures down: Dow 0.48%, S&P 0.40%, Nasdaq 0.33% Oct 1 (Reuters) - U.S. stock index futures fell on Friday with economically sensitive sectors leading declines ahead of key readings on inflation and industrial activity, while progress towards a bipartisan infrastructure package remained in focus. Industrials Caterpillar Inc C.N, Deere & Co DE.N and Nucor Corp NUE.N also came under pressure after Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill on Thursday. Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wrecked by concerns over COVID-19, inflation fears and budget wrangling in Washington.
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Futures down: Dow 0.48%, S&P 0.40%, Nasdaq 0.33% Oct 1 (Reuters) - U.S. stock index futures fell on Friday with economically sensitive sectors leading declines ahead of key readings on inflation and industrial activity, while progress towards a bipartisan infrastructure package remained in focus. Industrials Caterpillar Inc C.N, Deere & Co DE.N and Nucor Corp NUE.N also came under pressure after Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill on Thursday. Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wrecked by concerns over COVID-19, inflation fears and budget wrangling in Washington.
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40db6a18-a0d3-4b93-95d6-34d8fb349379
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721417.0
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2021-09-30 00:00:00 UTC
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DE November 12th Options Begin Trading
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DE
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https://www.nasdaq.com/articles/de-november-12th-options-begin-trading-2021-09-30
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the November 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new November 12th contracts and identified one put and one call contract of particular interest.
The put contract at the $340.00 strike price has a current bid of $10.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $340.00, but will also collect the premium, putting the cost basis of the shares at $329.10 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $341.81/share today.
Because the $340.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.21% return on the cash commitment, or 27.19% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $345.00 strike price has a current bid of $9.90. If an investor was to purchase shares of DE stock at the current price level of $341.81/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $345.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.83% if the stock gets called away at the November 12th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red:
Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.90% boost of extra return to the investor, or 24.56% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $341.81) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the November 12th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the November 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new November 12th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $345.00 strike price has a current bid of $9.90. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new November 12th contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the November 12th expiration.
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9798c92d-8790-43e7-b5d4-2650061adf92
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721418.0
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2021-09-28 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for September 29, 2021
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-for-september-29-2021-2021-09-28
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nan
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nan
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Deere & Company (DE) will begin trading ex-dividend on September 29, 2021. A cash dividend payment of $1.05 per share is scheduled to be paid on November 08, 2021. Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 16.67% increase over prior dividend payment. At the current stock price of $352.42, the dividend yield is 1.19%.
The previous trading day's last sale of DE was $352.42, representing a -11.97% decrease from the 52 week high of $400.34 and a 63.9% increase over the 52 week low of $215.02.
DE is a part of the Capital Goods sector, which includes companies such as ASML Holding N.V. (ASML) and Applied Materials, Inc. (AMAT). DE's current earnings per share, an indicator of a company's profitability, is $17.26. Zacks Investment Research reports DE's forecasted earnings growth in 2021 as 117.51%, compared to an industry average of 31.6%.
For more information on the declaration, record and payment dates, visit the de Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DE through an Exchange Traded Fund [ETF]?
The following ETF(s) have DE as a top-10 holding:
First Trust Indxx Global Agriculture ETF (FTAG)
VanEck Natural Resources ETF (HAP)
VanEck Agribusiness ETF (MOO)
SPDR Select Sector Fund - Industrial (XLI)
iShares MSCI Agriculture Producers Fund (VEGI).
The top-performing ETF of this group is MOO with an increase of 1.16% over the last 100 days. FTAG has the highest percent weighting of DE at 9.37%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports DE's forecasted earnings growth in 2021 as 117.51%, compared to an industry average of 31.6%. For more information on the declaration, record and payment dates, visit the de Dividend History page.
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This represents an 16.67% increase over prior dividend payment. DE's current earnings per share, an indicator of a company's profitability, is $17.26. The following ETF(s) have DE as a top-10 holding: First Trust Indxx Global Agriculture ETF (FTAG) VanEck Natural Resources ETF (HAP) VanEck Agribusiness ETF (MOO) SPDR Select Sector Fund - Industrial (XLI) iShares MSCI Agriculture Producers Fund (VEGI).
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Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the de Dividend History page. The following ETF(s) have DE as a top-10 holding: First Trust Indxx Global Agriculture ETF (FTAG) VanEck Natural Resources ETF (HAP) VanEck Agribusiness ETF (MOO) SPDR Select Sector Fund - Industrial (XLI) iShares MSCI Agriculture Producers Fund (VEGI).
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Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 16.67% increase over prior dividend payment. DE's current earnings per share, an indicator of a company's profitability, is $17.26.
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41bc0fbc-0ada-4f8b-9133-5c423900941e
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721419.0
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2021-09-27 00:00:00 UTC
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Ex-Dividend Reminder: Stantec, Deere and Lincoln Electric Holdings
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DE
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-stantec-deere-and-lincoln-electric-holdings-2021-09-27
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 9/29/21, Stantec Inc (Symbol: STN), Deere & Co. (Symbol: DE), and Lincoln Electric Holdings, Inc. (Symbol: LECO) will all trade ex-dividend for their respective upcoming dividends. Stantec Inc will pay its quarterly dividend of $0.165 on 10/15/21, Deere & Co. will pay its quarterly dividend of $1.05 on 11/8/21, and Lincoln Electric Holdings, Inc. will pay its quarterly dividend of $0.51 on 10/15/21. As a percentage of STN's recent stock price of $48.88, this dividend works out to approximately 0.34%, so look for shares of Stantec Inc to trade 0.34% lower — all else being equal — when STN shares open for trading on 9/29/21. Similarly, investors should look for DE to open 0.30% lower in price and for LECO to open 0.38% lower, all else being equal.
Below are dividend history charts for STN, DE, and LECO, showing historical dividends prior to the most recent ones declared.
Stantec Inc (Symbol: STN):
Deere & Co. (Symbol: DE):
Lincoln Electric Holdings, Inc. (Symbol: LECO):
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 1.35% for Stantec Inc, 1.20% for Deere & Co., and 1.53% for Lincoln Electric Holdings, Inc..
In Monday trading, Stantec Inc shares are currently off about 0.3%, Deere & Co. shares are up about 0.2%, and Lincoln Electric Holdings, Inc. shares are off about 0.1% 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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As a percentage of STN's recent stock price of $48.88, this dividend works out to approximately 0.34%, so look for shares of Stantec Inc to trade 0.34% lower — all else being equal — when STN shares open for trading on 9/29/21. If they do continue, the current estimated yields on annualized basis would be 1.35% for Stantec Inc, 1.20% for Deere & Co., and 1.53% for Lincoln Electric Holdings, Inc.. Looking at the universe of stocks we cover at Dividend Channel, on 9/29/21, Stantec Inc (Symbol: STN), Deere & Co. (Symbol: DE), and Lincoln Electric Holdings, Inc. (Symbol: LECO) 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 9/29/21, Stantec Inc (Symbol: STN), Deere & Co. (Symbol: DE), and Lincoln Electric Holdings, Inc. (Symbol: LECO) will all trade ex-dividend for their respective upcoming dividends. Stantec Inc will pay its quarterly dividend of $0.165 on 10/15/21, Deere & Co. will pay its quarterly dividend of $1.05 on 11/8/21, and Lincoln Electric Holdings, Inc. will pay its quarterly dividend of $0.51 on 10/15/21. Stantec Inc (Symbol: STN): Deere & Co. (Symbol: DE): Lincoln Electric Holdings, Inc. (Symbol: LECO): 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 9/29/21, Stantec Inc (Symbol: STN), Deere & Co. (Symbol: DE), and Lincoln Electric Holdings, Inc. (Symbol: LECO) will all trade ex-dividend for their respective upcoming dividends. Stantec Inc will pay its quarterly dividend of $0.165 on 10/15/21, Deere & Co. will pay its quarterly dividend of $1.05 on 11/8/21, and Lincoln Electric Holdings, Inc. will pay its quarterly dividend of $0.51 on 10/15/21. Stantec Inc (Symbol: STN): Deere & Co. (Symbol: DE): Lincoln Electric Holdings, Inc. (Symbol: LECO): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of STN's recent stock price of $48.88, this dividend works out to approximately 0.34%, so look for shares of Stantec Inc to trade 0.34% lower — all else being equal — when STN shares open for trading on 9/29/21. 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 1.35% for Stantec Inc, 1.20% for Deere & Co., and 1.53% for Lincoln Electric Holdings, Inc..
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0bc691be-7717-4972-9d5b-d9441dab446c
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721420.0
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2021-09-27 00:00:00 UTC
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Here's Why Deere Stock Is Likely To See Higher Levels After A 5% Fall In A Week
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DE
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https://www.nasdaq.com/articles/heres-why-deere-stock-is-likely-to-see-higher-levels-after-a-5-fall-in-a-week-2021-09-27
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nan
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nan
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[Updated: Sep 23, 2021] Deere Stock Decline
The stock price of Deere (NYSE:DE) has seen a decline of 5% over the last five trading days. The recent decline can be attributed to rising concerns of slowing growth in China if Evergrande – China’s largest real-estate firm with over $300 billion in debt – were to default. A default could impact Chinese banks and credit markets, potentially spilling over to other areas of the Chinese economy. This also impacts some of the industrial companies, such as Deere and Caterpillar, which generates some of their revenues from China. Although the exposure for Deere is far lower than Caterpillar, with just a little over 10% of its sales coming from Asia, Africa, Australia, New Zealand, and Middle East. Nevertheless, the markets were not kind to DE stock over the last week or so. This can be attributed to the fears that if Evergrande were to collapse, it’s impact may not be limited to China but global GDP growth, and that will not bode well for industrial companies at large. But will DE stock continue its downward trajectory over the coming weeks, or is a rise in the stock imminent?
According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for DE stock average around 5% in the next one-month (twenty-one trading days) period after experiencing a 5.3% fall over the previous week (five trading days), implying that the stock will likely rebound in the near term. But how would the returns fare if you are interested in holding DE stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Deere stock price forecast. You can test the chance of recovery over different time intervals of a quarter, month, or even just 1 day!
While DE stock may rise around 5% over the next month, based on its historical performance, if you are considering DE stock as an investment over a larger time frame, you can explore our forecast for Deere’s valuation of $434 per share, based on our adjusted EPS forecast of $18.86 and a P/E multiple of 23x for fiscal 2021.
MACHINE LEARNING ENGINE – try it yourself:
If DE stock moved by -5% over five trading days, then over the next twenty-one trading days DE stock moves an average of 5%, with a reasonable 66% probability of a positive return over this period, based on the stock’s historical performance.
Some Fun Scenarios, FAQs & Making Sense of Deere & company Stock Movements:
Question 1: Is the price forecast for Deere & company stock higher after a drop?
Answer: Consider two situations,
Case 1: Deere & company stock drops by -5% or more in a week
Case 2: Deere & company stock rises by 5% or more in a week
Is the price forecast for Deere & company stock higher over the subsequent month after Case 1 or Case 2?
DE stock fares better after Case 1, with an expected return of 5% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an expected return of 1.5% for Case 2. This implies a price forecast of $358 in Case 1 and a figure of $346 in Case 2 using DE market price of $340.84 on 9/23/2021.
In comparison, the S&P 500 has an expected return of 3.1% over the next 21 trading days under Case 1, and an expected return of just 0.5% for Case 2 as detailed in our dashboard that details the expected return for the S&P 500 after a rise or drop.
Try the Trefis machine learning engine above to see for yourself how the forecast for Deere & company stock is likely to changes after any specific gain or loss over a period.
Question 2: Does patience pay?
Answer: If you buy and hold Deere & company stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you – at least if the company is otherwise strong.
Overall, according to data and Trefis machine learning engine’s calculations, patience absolutely pays for most stocks!
For DE stock, the returns over the next N days after a -5% change over the last five trading days is detailed in the table below, along with the returns for the S&P500:
You can try the engine to see what this table looks like for Deere & company after a larger loss over the last week, month, or quarter.
Question 3: What about the stock price forecast after a rise if you wait for a while?
Answer: The expected return after a rise is understandably lower than after a drop as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks – although DE stock appears to be an exception to this general observation.
It’s pretty powerful to test the trend for yourself for Deere & company stock by changing the inputs in the charts above.
[Updated: Aug 24, 2021] Deere Stock Update
Deere & Company (NYSE:DE) recently reported its fiscal Q3 2021 results, which were comfortably above our estimates. The company reported revenues of $10.4 billion, compared to our estimate of $9.9 billion and $10.3 billion consensus estimate. Similarly, the EPS of $5.32 was well above the $4.45 per Trefis and $4.57 consensus estimates. The strong performance was led by a continued uptick in demand for both construction and agricultural equipment. Deere saw higher volume as well as better price realization for both the segments in Q3.
Looking forward, the company has warned about rising raw-material costs and increased supply-chain challenges, that may impact its growth in Q4 and into the next fiscal year. As such, despite a solid Q3, DE stock declined over 3% following the earnings release on Aug 20.
We have updated our model following the Q3 release. We now forecast sales to be $39.9 billion for the full-fiscal 2021, up 25% y-o-y, compared to our previous estimate of around $39.7 billion. Looking at the bottom line, we now estimate adjusted EPS to be $18.86, compared to our earlier estimate of $17.60. This can largely be attributed to a strong earnings beat in Q3. Given the changes to our revenues and earnings forecast, we have revised our Deere Valuation at $434 per share, based on $18.86 expected EPS and 23x P/E multiple for fiscal 2021. This reflects a 20% premium to the current market price of $363, implying that DE stock is undervalued currently, in our view.
[Updated: Aug 18, 2021] Deere Fiscal Q3 2021 Earnings Preview
Deere & Company (NYSE:DE) is scheduled to report its fiscal third-quarter results on Friday, August 20. We expect Deere to likely post revenues and earnings below the consensus estimates. While Deere is expected to benefit from improved demand for agriculture as well as construction equipment, with the gradual opening up of economies, rising raw-material costs may put some pressure on margins. That said, our forecast indicates that Deere’s valuation is around $425 per share, which is more than 12% above the current market price of $376. Look at our interactive dashboard analysis on Deere & Company Pre-Earnings: What To Expect in Q3? for more details.
(1) Revenues expected to be below the consensus estimate
Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. The company saw a strong rebound in the demand for construction as well as agriculture equipment over the last couple of quarters. In Q2 fiscal 2021, revenue rose a solid 30% to $12.1 billion, as the company continued to see an increase in spending on agricultural equipment. The company also expects a rebound in inventory levels, which should aid the overall sales growth in Q3. Our dashboard on Deere Revenues provides more details on segment-wise revenue breakup.
2) EPS likely to be below the consensus estimates
Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. Deere’s net income of $1.8 billion in Q2, reflected a large 169% growth from its $666 million profit in the prior year quarter, led by higher sales and a decline in operating expenses. While Q2 saw a higher price realization, aiding the overall margins, Q3 may see some pressure on margins, primarily due to a rise in raw-material costs. Looking at the full year 2021, we expect EPS to more than double to $17.60, aided by both revenue growth as well as margin expansion.
(3) Stock price estimate 13% above the current market price
Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376. Although the coronavirus outbreak has had a sizable impact on Deere’s business in fiscal 2020 due to lower demand for its equipment, the demand for both agriculture as well as construction equipment has seen a strong rebound so far this year, a trend expected to continue in the near term.
Note: P/E Multiples are based on Share Price at the end of the year, and reported (or expected) Adjusted Earnings for the full year
While DE stock looks like can gain more, it is helpful to see how its peers stack up. DE stock comparison with its peers summarizes how Deere compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons. Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This can be attributed to the fears that if Evergrande were to collapse, it’s impact may not be limited to China but global GDP growth, and that will not bode well for industrial companies at large. While Deere is expected to benefit from improved demand for agriculture as well as construction equipment, with the gradual opening up of economies, rising raw-material costs may put some pressure on margins. Deere’s net income of $1.8 billion in Q2, reflected a large 169% growth from its $666 million profit in the prior year quarter, led by higher sales and a decline in operating expenses.
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According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for DE stock average around 5% in the next one-month (twenty-one trading days) period after experiencing a 5.3% fall over the previous week (five trading days), implying that the stock will likely rebound in the near term. You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Deere stock price forecast. [Updated: Aug 24, 2021] Deere Stock Update Deere & Company (NYSE:DE) recently reported its fiscal Q3 2021 results, which were comfortably above our estimates.
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According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for DE stock average around 5% in the next one-month (twenty-one trading days) period after experiencing a 5.3% fall over the previous week (five trading days), implying that the stock will likely rebound in the near term. Answer: Consider two situations, Case 1: Deere & company stock drops by -5% or more in a week Case 2: Deere & company stock rises by 5% or more in a week Is the price forecast for Deere & company stock higher over the subsequent month after Case 1 or Case 2? (3) Stock price estimate 13% above the current market price Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376.
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Answer: Consider two situations, Case 1: Deere & company stock drops by -5% or more in a week Case 2: Deere & company stock rises by 5% or more in a week Is the price forecast for Deere & company stock higher over the subsequent month after Case 1 or Case 2? 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. (3) Stock price estimate 13% above the current market price Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376.
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e95b86c5-9916-49ef-9767-0d28914c294b
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721421.0
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2021-09-26 00:00:00 UTC
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Could This Software Stock Be a Top Infrastructure Play?
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DE
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https://www.nasdaq.com/articles/could-this-software-stock-be-a-top-infrastructure-play-2021-09-26
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nan
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nan
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There is likely to be hundreds of billions, if not trillions, of dollars in infrastructure spending over the next several years, and there are several ways investors can get exposure. In this Fool Live video clip, recorded on Sept. 13, senior analyst Asit Sharma discusses why software company Autodesk (NASDAQ: ADSK) could be a big winner.
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Asit Sharma: I think this is my favorite idea out of my three for infrastructure [Note: The other two were Deere & Co. and Union Pacific]. The company makes, of course, computer-assisted design software. Most of us will have encountered it somewhere in that capacity, but it's also become a much larger company in the place that invests in. It's seeking to provide not just this type of computer modeling, but also software that takes specifically in the construction industry, a project from the planning phase, all the way through the manufacturing phase.
They're really trying to be a one stop shop for construction projects. They have a business division, which I really like. Architectural, engineering, and construction, which combines all three of those ideas into a suite of software. They've made a transition to the cloud over the last three years, so they had a period where they were selling their licenses basically as on-premise and in these yearly renewals. By converting to a more cloud-based subscription model like many their peers, they've been able to really juice up their cash flows.
A large company, but still growing at a really good clip. The most recent quarter revenues grew about 16% year over year. Their billings, which is a little better indicator of future growth were up 29%. Now, why I like the company going forward for infrastructure is that they place such a critical role globally in infrastructure and infrastructure investment. Company's really well diversified across the globe, it's got a footprint in every major continent.
I like that management has been working on the theme of convergence. I touched on this before, the idea that you'll help a company work through its planning through to construction. What that means in software terms and this idea of convergence is that you're going to make one fluid piece of software that works for both the design and the make or the design in the manufacturing process, two very similar things.
Autodesk is the type of company that is almost like sleeper stock. I like to compare to, think of Adobe and Intuit two really visible brand names that don't get a lot of attention in the investment world, but tend to compound year after year after year. Over time, they provide not only double digit revenue growth, they provide double digit stock growth. That's what Autodesk has been doing. I think they're going to continue to do that.
I'm very fascinated by the investments the company is now making into specific verticals in infrastructure. A great example of that is a billion-dollar acquisition that the company made just early this year in February to acquire company that provides virtual water infrastructure modeling. This company's called Innovyze. Most of their growth has been organic, but over the past few years, they've started to acquire smaller companies. Yeah, they could be described as bolt-on acquisitions, but they're pretty strategic in nature. They're really trying to corner most of their competition.
Now, a big risk here is emerging competition from unlikely places. Unity Software, which is a company some of you growth-oriented investors will be familiar with, is also getting into this business because Unity has a strength in modeling and in AR and VR. Autodesk is upping its game by providing more software in AR and VR modeling. Here we have an upstart and not to make a pun on a company that others will invest in. But an upstart challenger, I should say, in Unity, which has potential to take some market share from Autodesk, but Autodesk does have a history of investing in its computer software. Its R&D spend is always pretty significant.
I think they're going to keep up and fend off these potential threats. They are also just really well integrated with the major architectural firms, major engineering firms around the globe. They've got a moat in that it's a high switching cost to leave Autodesk behind. I really like the forward opportunity. I think it's going to be one of the fastest-growing stocks on the list that we've got for you today. Not without risk, but again, this is the sleeper stock you can almost set and forget. They have had a couple of big-picture transitions. Maybe that's why Matt sold out his shares a few years ago. Those are behind him.
I'm going to keep my eye on this one. I think they'll benefit as more money in the U.S. flows toward infrastructure. But it's also a longer-term play around the globe because the U.S. is not the only developed country that needs renewed investment in infrastructure, and infrastructure investments in places like China, India, and other developing nations is only set to grow in the coming years.
Asit Sharma owns shares of Autodesk. Matthew Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Autodesk, Intuit, and Unity Software Inc. The Motley Fool recommends Adobe Inc. and Union Pacific. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this Fool Live video clip, recorded on Sept. 13, senior analyst Asit Sharma discusses why software company Autodesk (NASDAQ: ADSK) could be a big winner. By converting to a more cloud-based subscription model like many their peers, they've been able to really juice up their cash flows. 10 stocks we like better than Autodesk When our award-winning analyst team has a stock tip, it can pay to listen.
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Over time, they provide not only double digit revenue growth, they provide double digit stock growth. The Motley Fool owns shares of and recommends Autodesk, Intuit, and Unity Software Inc. In this Fool Live video clip, recorded on Sept. 13, senior analyst Asit Sharma discusses why software company Autodesk (NASDAQ: ADSK) could be a big winner.
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A great example of that is a billion-dollar acquisition that the company made just early this year in February to acquire company that provides virtual water infrastructure modeling. But it's also a longer-term play around the globe because the U.S. is not the only developed country that needs renewed investment in infrastructure, and infrastructure investments in places like China, India, and other developing nations is only set to grow in the coming years. In this Fool Live video clip, recorded on Sept. 13, senior analyst Asit Sharma discusses why software company Autodesk (NASDAQ: ADSK) could be a big winner.
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But an upstart challenger, I should say, in Unity, which has potential to take some market share from Autodesk, but Autodesk does have a history of investing in its computer software. In this Fool Live video clip, recorded on Sept. 13, senior analyst Asit Sharma discusses why software company Autodesk (NASDAQ: ADSK) could be a big winner. 10 stocks we like better than Autodesk When our award-winning analyst team has a stock tip, it can pay to listen.
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f728bc60-4908-4361-b14a-ab7e042ecfa6
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721422.0
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2021-09-24 00:00:00 UTC
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1 Top Infrastructure Investment to Put on Your Radar
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DE
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https://www.nasdaq.com/articles/1-top-infrastructure-investment-to-put-on-your-radar-2021-09-24
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nan
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nan
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Although Congress still has to work out the major details, it's looking very likely that there will be trillions in infrastructure spending in the United States over the next decade or so. In this Fool Live video clip, recorded on Sept. 13, Senior Analyst Asit Sharma discusses why Deere & Co. (NYSE: DE) is one of his top ways to invest before the wave of spending begins.
10 stocks we like better than Deere & Company
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Deere & Company wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of September 17, 2021
Asit Sharma: This company is Deere and Company symbol DE. This is probably one of the most well-known brand names that's on the list today among manufacturers at least. I really like Deere because over the past, I would say seven years, they have funneled a lot of their investment, research, and developments, and also capital expenditures into trying to become a more technology oriented company and I almost think of them more as it tech embedded or tech-infused manufacture than a straight-up manufacture, I think that says a lot about where they've come.
Now, Deere plays very heavily in the agricultural space, they've got really three business units. The first is Production and Precision Agriculture, the second is small Ag and Turf, and the third is Construction and Forestry. When we're talking about infrastructure, we're really talking about that last business unit, Construction and Forestry. But I wanted to talk for just a moment about these other two segments because they're important to putting the picture together on why Deere makes such a great infrastructure investment. The company has really, through both acquisitions and the R&D I was mentioning, invested in trying to become the go-to manufacturer if you are an agricultural concern of any size in the race to get yield out of your land. We know that climate change is making it much more difficult to have predictability of yields and crops.
What Deere has been investing in over the past few years, and also as I mentioned in investing in, helps farmers utilize artificial intelligence and also automation to get the maximum out of their crops each year and it helps them rotate faster. I see a world in the future where farmers are going to have to make quicker decisions on which crops will suit the conditions in a shorter timeframe. We used to have a concept called crop rotation in the '70s and '80s, '90s still around today but it's almost like we're going to come full circle back to that idea that the best usage of the soil is to have a rotation of crops. Precision agriculture where you're utilizing data that's available to the farmer either from a control center or within a console on the field, if you're writing within a piece of equipment, better enables you to get the yield out of the soil.
Now, why is all this important to infrastructure? Basically, John Deere has lifted some of the technology that they've developed and purchased in their precision agriculture business and shifted it over to the equipment that's used on the construction side. If you think about the use of visual optics, the artificial intelligence machine learning that I was talking about, that's very translatable into the technology which is used to build roads. This is going to be a major component of what Deere is able to capitalize on as we start spending. I want to actually, rather than share my screen, I want to read verbatim a couple of paragraphs in the company's most recent earnings conference call. This is not from the CEO but this is from John Stone who basically runs the global construction for street business.
Let me give you a few examples on how this technology will make our product smarter, safer, and more sustainable. The next generation of Deere's Construction Equipment will feature a higher degree of our proprietary technology stack inclusive of grid control, vision systems, and remote monitoring. Roads are going digital and we're positioned to lead this. We see today's state where no individual machine is used to it's full capacity and this inefficiency is coming from the lack of data, a lack of communication, and coordination between machines, and different steps of the production system. Our analysis indicates cost savings in the range of 15%-30% is possible versus today's traditional methods of road building and road rehabilitation. When a three mile road rehabilitation project can cost $1-1.5 million, this is a big opportunity.
He goes on to talk about these technologies in more detail but the point here for us all to grasp is that Deere is really reaping the fruits of its decision to shift into more technology-based manufacturing company and I think they do have the equipment to lead as companies begin to bid up for those government contracts to repair both roads and also bridges, anyplace where Deere can put it's equipment. I like this very much for these reasons, I also like the fact that the company stabilized its operating margins above 15%. This was a long-term goal expressed by management and in the last couple of years, they really have come into that from an operating margin of the 10%-12% range, they've been able to find this next few percentage points of margin. That translates into really great cash flows. The company has generated about $4.3 billion of operating cash flow in the first nine months of this fiscal year. They're up above $5 billion on a trailing 12-month basis.
This is one of the companies in opposition to when I discussed earlier, Autodesk (NASDAQ: ADSK). That's a fast-growing Software as a Service company, which has maybe more growth potential for share price. This company Deere is, I think, more capable of having share price appreciation than say, Union Pacific (NYSE: UNP), but it's got similar characteristics in that it's got a really big footprint in the market. It's not going anywhere. It's very entrenched among those who purchase equipment. Its technology stock is second to none after all this investment over the past few years, great management team throwing off those tremendous cash flows. I think between the three of the ones I've discussed, this will be in the middle in terms of taking on a little bit more risk. It's $111 billion market cap company.
There's no reason why Deere can't continue to grow at a double-digit rate easily. I shouldn't say easily, but I see a very possible double over the next five years, especially if we get that infrastructure spending component. This again goes back to what I said the very outset of this little conversation on Deere with these three divisions, they've got a lot of balance. All three divisions have been performing extremely well for the past several quarters, so all the company needs is capital to flow in any one of these three areas and if it sees that capital investment on the Construction and Forestry side, that's really going to push a lot of incremental profit margin, incremental cash flows to the company's financial statements.
Asit Sharma owns shares of Autodesk. Matthew Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Autodesk. The Motley Fool recommends Union Pacific. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this Fool Live video clip, recorded on Sept. 13, Senior Analyst Asit Sharma discusses why Deere & Co. (NYSE: DE) is one of his top ways to invest before the wave of spending begins. The next generation of Deere's Construction Equipment will feature a higher degree of our proprietary technology stack inclusive of grid control, vision systems, and remote monitoring. This company Deere is, I think, more capable of having share price appreciation than say, Union Pacific (NYSE: UNP), but it's got similar characteristics in that it's got a really big footprint in the market.
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In this Fool Live video clip, recorded on Sept. 13, Senior Analyst Asit Sharma discusses why Deere & Co. (NYSE: DE) is one of his top ways to invest before the wave of spending begins. What Deere has been investing in over the past few years, and also as I mentioned in investing in, helps farmers utilize artificial intelligence and also automation to get the maximum out of their crops each year and it helps them rotate faster. Although Congress still has to work out the major details, it's looking very likely that there will be trillions in infrastructure spending in the United States over the next decade or so.
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See the 10 stocks *Stock Advisor returns as of September 17, 2021 Asit Sharma: This company is Deere and Company symbol DE. He goes on to talk about these technologies in more detail but the point here for us all to grasp is that Deere is really reaping the fruits of its decision to shift into more technology-based manufacturing company and I think they do have the equipment to lead as companies begin to bid up for those government contracts to repair both roads and also bridges, anyplace where Deere can put it's equipment. All three divisions have been performing extremely well for the past several quarters, so all the company needs is capital to flow in any one of these three areas and if it sees that capital investment on the Construction and Forestry side, that's really going to push a lot of incremental profit margin, incremental cash flows to the company's financial statements.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. I really like Deere because over the past, I would say seven years, they have funneled a lot of their investment, research, and developments, and also capital expenditures into trying to become a more technology oriented company and I almost think of them more as it tech embedded or tech-infused manufacture than a straight-up manufacture, I think that says a lot about where they've come. Basically, John Deere has lifted some of the technology that they've developed and purchased in their precision agriculture business and shifted it over to the equipment that's used on the construction side.
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c748902b-801d-4896-96ac-c912d7d76174
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721423.0
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2021-09-24 00:00:00 UTC
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Will Caterpillar Stock Rebound After A 6% Fall In A Week?
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DE
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https://www.nasdaq.com/articles/will-caterpillar-stock-rebound-after-a-6-fall-in-a-week-2021-09-24
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nan
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nan
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[Updated: 9/22/2021] CAT Stock Decline
The stock price of Caterpillar (NYSE:CAT) has seen a decline of 6% over the last five trading days. The recent decline can be attributed to rising concerns of slowing growth in China if Evergrande – China’s largest real-estate firm with over $300 billion in debt – were to default. This also impacts some of the industrial companies, such as Caterpillar, which generates close to a quarter of its revenues from Asia-Pacific, and China accounts for a significant portion of that. But will CAT stock continue its downward trajectory over the coming weeks, or is a rise in the stock imminent?
According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for CAT stock average around 3.6% in the next one-month (twenty-one trading days) period after experiencing a 6.2% fall over the previous week (five trading days), implying that the stock will likely rebound in the near term. But how would the returns fare if you are interested in holding CAT stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Caterpillar stock price forecast. You can test the chance of recovery over different time intervals of a quarter, month, or even just 1 day!
And if you are considering CAT stock as an investment over a larger time frame, you can explore our forecast for Caterpillar’s valuation.
MACHINE LEARNING ENGINE – try it yourself:
If CAT stock moved by -5% over five trading days, then over the next twenty-one trading days CAT stock moves an average of 3.3%, with a 58.5% probability of a positive return over this period, based on the stock’s historical performance.
Some Fun Scenarios, FAQs & Making Sense of Caterpillar Stock Movements:
Question 1: Is the price forecast for Caterpillar stock higher after a drop?
Answer: Consider two situations,
Case 1: Caterpillar stock drops by -5% or more in a week
Case 2: Caterpillar stock rises by 5% or more in a week
Is the price forecast for Caterpillar stock higher over the subsequent month after Case 1 or Case 2?
CAT stock fares better after Case 1, with an expected return of 3.2% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an expected return of 1.1% for Case 2. This implies a price forecast of $196 in Case 1 and a figure of $192 in Case 2 using CAT market price of $189.84 on 9/22/2021.
In comparison, the S&P 500 has an expected return of 3.1% over the next 21 trading days under Case 1, and an expected return of just 0.5% for Case 2 as detailed in our dashboard that details the expected return for the S&P 500 after a rise or drop.
Try the Trefis machine learning engine above to see for yourself how the forecast for Caterpillar stock is likely to changes after any specific gain or loss over a period.
Question 2: Does patience pay?
Answer: If you buy and hold Caterpillar stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you – at least if the company is otherwise strong.
Overall, according to data and Trefis machine learning engine’s calculations, patience absolutely pays for most stocks!
For CAT stock, the returns over the next N days after a -5% change over the last five trading days is detailed in the table below, along with the returns for the S&P500:
You can try the engine to see what this table looks like for Caterpillar after a larger loss over the last week, month, or quarter.
Question 3: What about the stock price forecast after a rise if you wait for a while?
Answer: The expected return after a rise is understandably lower than after a drop as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks – although CAT stock appears to be an exception to this general observation.
It’s pretty powerful to test the trend for yourself for Caterpillar stock by changing the inputs in the charts above.
[Updated: 8/6/2021] CAT Stock Update
Caterpillar (NYSE:CAT) recently reported its Q2 results, which were largely in-line with the Trefis estimates. The company reported sales of $12.9 billion, up 29% y-o-y, and it was comfortably above our forecast of 12.1 Bil and 12.6 Bil consensus estimates. The sales growth was visible across all the segments, with both construction and resources segments seeing revenue growth of roughly 40% each, and energy & transportation revenue rising 20%. The sales growth was driven by both an increase in end user demand as well as dealer inventory levels.
Looking at the bottom-line, the company reported adjusted earnings of $2.60 per share, up over 2x y-o-y, driven by both an increase in revenue as well as margin expansion. The earnings were comfortably above our forecast of $2.32 and the consensus estimate of $2.38 per share. That said, the margins are likely to see some pressure in Q3, given an increase in raw material prices.
We have updated our model following the Q2 release. We now forecast sales to be $49.4 billion for the full-year 2021, up 18% y-o-y, compared to our previous estimate of $48.6 billion. Looking at the bottom line, we estimate adjusted EPS to be $9.90, compared to our earlier estimate of $9.72, and ten cents higher compared to the consensus estimate of $9.80. Given the changes to our revenues and earnings forecast, we have revised our Caterpillar Valuation at $237 per share, based on $9.90 expected EPS and a little under 24x P/E multiple for 2021. This marks an 8% growth from our prior estimate, reflecting a premium of nearly 15% to the current market price of $207.
[Updated: 7/28/2021] Caterpillar Q2 Earnings Preview
Caterpillar (NYSE:CAT) is scheduled to report its Q2 2020 results on Friday, July 30. We expect Caterpillar to likely post revenue and earnings below the consensus estimates. While a gradual opening up of the economies has resulted in a sharp rebound in overall equipment demand over the recent quarters, a trend likely continued in Q2 as well, the company’s overall performance may be weighed down by higher raw material costs and supply chain headwinds. Furthermore, going by our Caterpillar valuation of $219 per share, which is just 4% above the current market price of $210, there is only a little room left for growth, in our view. Our interactive dashboard analysis on Caterpillar’s Pre-Earnings has additional details.
(1) Revenues expected to be below the consensus estimates
Trefis estimates Caterpillar’s Q2 2021 revenues to be around $12.1 billion, compared to the $12.6 billion consensus estimate. While the project timelines and cash flows for real estate developers were affected due to the halt in certain construction activities, especially in Q2 2020, impacting Caterpillar’s business, the gradual opening up of economies and resumption of construction activities is likely to have aided sales in Q2. Other than construction, the company’s other segments – resource industries, and energy & transportation – will likely see a rebound in sales, as well. In fact, even in Q1 2021, Caterpillar’s overall sales were up 13%, led by a sharp 27% jump in construction industries, while resource, and energy & transportation revenues grew 6% and 4%, respectively. Our dashboard on Caterpillar’s Revenues offers more details on the company’s segments.
2) EPS likely to be below the consensus estimates
Caterpillar Q2 2021 adjusted earnings per share (EPS) is expected to be $2.32 per Trefis analysis, compared to $2.38 as per the consensus estimate. Caterpillar’s adjusted net income of around $1.6 billion in Q1 2021 reflected a 74% rise from its $911 million figure in the prior-year quarter. This can be attributed to higher revenues and expansion of margins. However, as we look forward, a pressure on the company’s margins is anticipated, given inflated raw materials costs, and continued supply chain challenges. For the full-year 2021, we expect the adjusted EPS to be higher at $9.72 compared to $6.56 in 2020.
(3) Stock price estimate slightly above the current market price
Going by our Caterpillar Valuation, with an EPS estimate of around $9.72 and a P/E multiple of around 22x in 2021, this translates into a price of $219, which is just 4% above the current market price of around $210. We know that CAT is poised to benefit from an economic recovery, with growth in construction industries, and this should bode well for its top-line expansion. However, we believe that the positives are largely priced in the current stock value of $210 per share, in our view, implying there is not much room for growth for CAT stock in the near term. That said, if the company reports upbeat results, with recovery in sales faster than our estimates, and the guidance for the full-year is revised upward, it will result in CAT stock seeing higher levels.
While CAT stock may have only a little room left for growth in the near term, 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 3M vs. Ingevity.
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 has resulted in a sharp rebound in overall equipment demand over the recent quarters, a trend likely continued in Q2 as well, the company’s overall performance may be weighed down by higher raw material costs and supply chain headwinds. [Updated: 9/22/2021] CAT Stock Decline The stock price of Caterpillar (NYSE:CAT) has seen a decline of 6% over the last five trading days. The recent decline can be attributed to rising concerns of slowing growth in China if Evergrande – China’s largest real-estate firm with over $300 billion in debt – were to default.
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According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for CAT stock average around 3.6% in the next one-month (twenty-one trading days) period after experiencing a 6.2% fall over the previous week (five trading days), implying that the stock will likely rebound in the near term. [Updated: 9/22/2021] CAT Stock Decline The stock price of Caterpillar (NYSE:CAT) has seen a decline of 6% over the last five trading days. The recent decline can be attributed to rising concerns of slowing growth in China if Evergrande – China’s largest real-estate firm with over $300 billion in debt – were to default.
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According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price using ten years of historical data, returns for CAT stock average around 3.6% in the next one-month (twenty-one trading days) period after experiencing a 6.2% fall over the previous week (five trading days), implying that the stock will likely rebound in the near term. Answer: Consider two situations, Case 1: Caterpillar stock drops by -5% or more in a week Case 2: Caterpillar stock rises by 5% or more in a week Is the price forecast for Caterpillar stock higher over the subsequent month after Case 1 or Case 2? [Updated: 9/22/2021] CAT Stock Decline The stock price of Caterpillar (NYSE:CAT) has seen a decline of 6% over the last five trading days.
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[Updated: 9/22/2021] CAT Stock Decline The stock price of Caterpillar (NYSE:CAT) has seen a decline of 6% over the last five trading days. Answer: The expected return after a rise is understandably lower than after a drop as detailed in the previous question. The recent decline can be attributed to rising concerns of slowing growth in China if Evergrande – China’s largest real-estate firm with over $300 billion in debt – were to default.
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0b54a0bc-7960-498f-b0ee-3624eeda7603
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721424.0
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2021-09-21 00:00:00 UTC
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Deere is Oversold
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DE
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https://www.nasdaq.com/articles/deere-is-oversold-2021-09-21
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Deere & Co. (Symbol: DE) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Deere & Co. an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of DE entered into oversold territory, changing hands as low as $333.73 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 29.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DE's recent annualized dividend of 4.2/share (currently paid in quarterly installments) works out to an annual yield of 1.24% based upon the recent $339.73 share price.
A bullish investor could look at DE's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at DE's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 29.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.0. Indeed, DE's recent annualized dividend of 4.2/share (currently paid in quarterly installments) works out to an annual yield of 1.24% based upon the recent $339.73 share price.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 29.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.0. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history.
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A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 29.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.0. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history.
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37719bd0-dcc1-4b87-9866-99ed6c7564fd
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721425.0
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2021-09-21 00:00:00 UTC
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Why These 3 Stocks Benefiting From the Outdoor Craze May Be Right for You
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DE
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https://www.nasdaq.com/articles/why-these-3-stocks-benefiting-from-the-outdoor-craze-may-be-right-for-you-2021-09-21
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nan
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nan
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COVID-19's early 2020 arrival and the resultant temporary government lockdowns, social distancing, and closure of many popular indoor entertainment venues triggered surging interest in outdoor activities.
Even with the pandemic somewhat retreating in 2021, this outdoor trend continues gathering strength. It manifests in everything from a big surge in recreational vehicle (RV) sales and use to eager swarms of new golfers sending golf equipment suppliers' revenues skyrocketing.
This outdoor renaissance has affected multiple sectors and is creating potential winners, including these three disparate companies: Stanley Black & Decker (NYSE: SWK), Dick's Sporting Goods (NYSE: DKS), and Deere & Company (NYSE: DE).
Image source: Getty Images.
1. Stanley Black & Decker
Stanley Black & Decker isn't the first company springing to the mind of many when discussing the great outdoors. However, the toolmaker just announced its acquisition of Excel Industries, "a leading designer and manufacturer of premium commercial and residential turf-care equipment." Gaining the BigDog mower and Hustler turf equipment brands, plus "an extensive dealer network, a talented team, and a loyal customer base," seemed like an important acquisition and Stanly Black & Decker was willing to dish out $375 million in cash for this new subsidiary.
The now-larger company should boost its profits measurably through its increased presence in lawn care and outdoor equipment sales, according to its projections. Management predicts a "modest" boost to its earnings per share (EPS) from sales of Excel turf care equipment. Three years from now, in 2024, it expects EPS to be increased about $0.15 to $0.20 by the acquisition.
This is the second lawn and outdoor power equipment acquisition Stanley Black & Decker has made in recent weeks. After buying a 20% stake in Troy-Bilt tiller and mower owner MTD Holdings in 2019, it announced it was snapping up the remaining 80% on Aug. 17 for $1.6 billion. Stanley Black & Decker CEO James Loree said the acquisitions "will create a global leader in the $25 billion and growing outdoor category."
MTD Holdings is expected to increase Stanly Black & Decker's EPS by $0.50 in 2022 and $1 by 2025. With demand for lawn care and gardening equipment soaring, these two additions to Black & Decker's operations look like winning moves and should give a strongly positive boost to its revenue for the medium and long term.
2. Dick's Sporting Goods
Dick's Sporting Goods stock price is up about 133% since the start of the year compared to the S&P 500's 15.5% gain over the same period. A big contribution to that outsized increase is that Dick's has also been energized by the strengthening outdoors market. Its second quarter (Q2) report showed its sales and margins both rising fast. As a result, Dick's hiked its dividend by 21%, then stacked a $5.50 per share special September dividend on top of that.
The company is also increasing its share buyback program to help make outstanding shares more valuable for its investors. It previously stated it would buy back $200 million during the year, but has now accelerated its timetable and doubled the buyback to $400 million for 2021. It still has $879 million in repurchases authorized through mid-2024.
While the first and second quarter both delivered outstanding results for the company, Dick's apparently expects a vigorous second half, too, with strong holiday sales on the menu. It increased its full-year adjusted EPS guidance by 4%, up to $12.95 from the previous $12.45. With MasterCard predicting a 7.4% jump in U.S. holiday sales for 2021, Dick's is hiring "the largest number of seasonal associates in the company's history for the 2021 holiday season" according to a press release. About 10,000 more workers will be temporarily added to the payroll, showing Dick's Sporting Goods also still has plenty of momentum from the rise in outdoor activities.
3. Deere & Co.
While Stanley Black & Decker and Dick's Sporting Goods operate in the category of consumer discretionary stocks, maker of heavy equipment Deere & Co. has also seen a boost from the lawn and outdoors craze. Rising farm and agricultural equipment demand is driving its recent powerful revenue and earnings gains, but smaller equipment designed for lawn and landscape care is contributing to its success, too.
During the company's fiscal third-quarter 2021earnings conference callon Aug. 20, Brent Norwood, a manager of investor communications, noted Q3 sales of small agricultural and turf machines rose to nearly $3.2 billion, a 32% jump year over year. The gain came both from sharply increased shipments and the willingness of customers to pay higher prices for these vehicles and items of equipment. Deere expects small agricultural and turf sales to be up 10% during 2021 as a whole in Canada and the U.S.
The case of Deere shows industrial stocks are also gaining from Americans seeking pleasure and diversion under the open sky, away from the risk of coronavirus infection or the discomforts and inconveniences of indoor masking, capacity limits, and the like. The alfresco fad still seems to have plenty of energy left, as Americans discover they enjoy outdoor activities, and this will likely deliver bullish gains for these three companies into at least the medium term, if not beyond.
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Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Mastercard. 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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Gaining the BigDog mower and Hustler turf equipment brands, plus "an extensive dealer network, a talented team, and a loyal customer base," seemed like an important acquisition and Stanly Black & Decker was willing to dish out $375 million in cash for this new subsidiary. With demand for lawn care and gardening equipment soaring, these two additions to Black & Decker's operations look like winning moves and should give a strongly positive boost to its revenue for the medium and long term. The case of Deere shows industrial stocks are also gaining from Americans seeking pleasure and diversion under the open sky, away from the risk of coronavirus infection or the discomforts and inconveniences of indoor masking, capacity limits, and the like.
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This outdoor renaissance has affected multiple sectors and is creating potential winners, including these three disparate companies: Stanley Black & Decker (NYSE: SWK), Dick's Sporting Goods (NYSE: DKS), and Deere & Company (NYSE: DE). Rising farm and agricultural equipment demand is driving its recent powerful revenue and earnings gains, but smaller equipment designed for lawn and landscape care is contributing to its success, too. Even with the pandemic somewhat retreating in 2021, this outdoor trend continues gathering strength.
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This outdoor renaissance has affected multiple sectors and is creating potential winners, including these three disparate companies: Stanley Black & Decker (NYSE: SWK), Dick's Sporting Goods (NYSE: DKS), and Deere & Company (NYSE: DE). Stanley Black & Decker Stanley Black & Decker isn't the first company springing to the mind of many when discussing the great outdoors. While Stanley Black & Decker and Dick's Sporting Goods operate in the category of consumer discretionary stocks, maker of heavy equipment Deere & Co. has also seen a boost from the lawn and outdoors craze.
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Management predicts a "modest" boost to its earnings per share (EPS) from sales of Excel turf care equipment. While Stanley Black & Decker and Dick's Sporting Goods operate in the category of consumer discretionary stocks, maker of heavy equipment Deere & Co. has also seen a boost from the lawn and outdoors craze. Even with the pandemic somewhat retreating in 2021, this outdoor trend continues gathering strength.
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920c33ba-4bee-4438-b8aa-5aa5f2ba3de2
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721426.0
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2021-09-20 00:00:00 UTC
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Deere (DE) Shares Cross Below 200 DMA
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DE
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https://www.nasdaq.com/articles/deere-de-shares-cross-below-200-dma-2021-09-20
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nan
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nan
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In trading on Monday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $342.27, changing hands as low as $336.23 per share. Deere & Co. shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $210.175 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $339.14. 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 Monday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $342.27, changing hands as low as $336.23 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 $210.175 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $339.14. 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 Monday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $342.27, changing hands as low as $336.23 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 $210.175 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $339.14. 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 Monday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $342.27, changing hands as low as $336.23 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 $210.175 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $339.14. 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 Monday, shares of Deere & Co. (Symbol: DE) crossed below their 200 day moving average of $342.27, changing hands as low as $336.23 per share. Deere & Co. shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $210.175 per share, with $400.3399 as the 52 week high point — that compares with a last trade of $339.14.
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22cb7884-fc9b-4559-a75a-d5c7b25c2e1f
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721427.0
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2021-09-20 00:00:00 UTC
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Deere's (NYSE:DE) Shareholders Will Receive A Bigger Dividend Than Last Year
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DE
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https://www.nasdaq.com/articles/deeres-nyse%3Ade-shareholders-will-receive-a-bigger-dividend-than-last-year-2021-09-20
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nan
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nan
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Deere & Company (NYSE:DE) has announced that it will be increasing its dividend on the 8th of November to US$1.05. Although the dividend is now higher, the yield is only 1.0%, which is below the industry average.
Deere's Payment Has Solid Earnings Coverage
It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. However, Deere's earnings easily cover the dividend. This means that most of its earnings are being retained to grow the business.
Looking forward, earnings per share is forecast to rise by 22.1% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 18%, which is in the range that makes us comfortable with the sustainability of the dividend.
NYSE:DE Historic Dividend September 20th 2021
Deere Has A Solid Track Record
The company has an extended history of paying stable dividends. The dividend has gone from US$1.40 in 2011 to the most recent annual payment of US$4.20. This works out to be a compound annual growth rate (CAGR) of approximately 12% a year over that time. So, dividends have been growing pretty quickly, and even more impressively, they haven't experienced any notable falls during this period.
The Dividend Looks Likely To Grow
Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see Deere has been growing its earnings per share at 28% a year over the past five years. A low payout ratio gives the company a lot of flexibility, and growing earnings also make it very easy for it to grow the dividend.
We Really Like Deere's Dividend
Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. All in all, this checks a lot of the boxes we look for when choosing an income stock.
Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified 1 warning sign for Deere that investors need to be conscious of moving forward. We have also put together a list of global stocks with a solid dividend.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Taking the debate a bit further, we've identified 1 warning sign for Deere that investors need to be conscious of moving forward. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
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Deere & Company (NYSE:DE) has announced that it will be increasing its dividend on the 8th of November to US$1.05. However, Deere's earnings easily cover the dividend. NYSE:DE Historic Dividend September 20th 2021 Deere Has A Solid Track Record The company has an extended history of paying stable dividends.
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NYSE:DE Historic Dividend September 20th 2021 Deere Has A Solid Track Record The company has an extended history of paying stable dividends. The Dividend Looks Likely To Grow Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. We Really Like Deere's Dividend Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year.
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The Dividend Looks Likely To Grow Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see Deere has been growing its earnings per share at 28% a year over the past five years. We Really Like Deere's Dividend Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year.
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c93fae90-a9c1-4ad2-bb90-8fa99155416f
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721428.0
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2021-09-20 00:00:00 UTC
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3 Best Stocks to Buy for Improving Labor Supply Conditions in Q4
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DE
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https://www.nasdaq.com/articles/3-best-stocks-to-buy-for-improving-labor-supply-conditions-in-q4-2021-09-20
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
One of the things we need to consider when looking for some of the best stocks to buy is that the U.S. labor market is recovering.
The number of Americans filing claims for jobless benefits fell to its lowest level in 18 months in early September, and economists seem to agree that labor shortages are becoming a growing problem as companies look to fill vacant positions coming out of the pandemic.
Demand for workers is so great that it is helping to push the U.S. minimum wage up closer to the $15 per hour that lawmakers in Washington, D.C. have been calling for this year. And as the labor market strengthens in tandem with the economy, a number of companies are positioned to benefit.
7 Dividend Stocks to Buy With Yields Over 4%
Here are the three best stocks to buy for improving labor supply conditions as we head into the fourth quarter of the year.
U.S. Steel (NYSE:X)
Boeing (NYSE:BA)
Deere & Co. (NYSE:DE)
Best Stocks to Buy: U.S. Steel (X)
Source: Shutterstock
X definitely marks the spot when it comes to improving labor conditions and U.S. Steel. The manufacturer of steel products employs nearly 25,000 people today.
As the second-largest steel producer in America after Nucor Corp. (NYSE:NUE), U.S. Steel is well-positioned to not only benefit from the economic reopening as it gathers strength but also to benefit from President Biden’s $1.4 trillion in spending on infrastructure renewal across the country.
Signs are already emerging of just how strong U.S. Steel is feeling coming out of the pandemic. The company just announced that it will spend $3 billion to build a brand new steel mill that will be capable of producing three million tons of flat-rolled steel products per year.
Buoyed by record-high prices, U.S. Steel says it plans to begin construction on the new mill in the first half of 2022 at a location that will likely be in either Illinois or Indiana. The new mill should be up and running by 2024.
X stock has rallied 38% year-to-date on strong steel prices and improving economic conditions. The shares currently trade at $23.68.
Boeing (BA)
BA) airplane in a hanger." width="300" height="169">
Source: Alex JW Robinson / Shutterstock.com
Another labor-intensive company is aircraft manufacturer Boeing. The company employs more than 140,000 people at its offices and manufacturing sites across the U.S. and abroad.
While Boeing experienced reputational and financial damage after its 737 MAX aircraft were grounded worldwide following two fatal crashes in 2018 and 2019, the airplanes are certified to fly again in most of the world.
Now orders are resuming at a strong clip. The operational turnaround has enabled BA stock to rise 27% in the past year to now trade at $213 per share.
7 Cheap Stocks to Buy If You Have $250 to Spend
Investors should keep in mind that Boeing today has a duopoly in the airliner industry. The U.S. company is one of only two in the world that builds commercial passenger aircraft.
The other company is Boeing’s arch-rival Airbus (EPA:AIR) of France. The market share between the two companies currently breaks down to a 60/40 split in Airbus’ favor.
However, Boeing is in the process of bouncing back. At the end of June, Boeing reported that it had a commercial backlog of aircraft orders worth $285 billion. As the company continues to recover, so should its share price.
Best Stocks to Buy: Deere & Co. (DE)
Source: Deere & Company
Deere & Co., which makes the popular line of green and yellow colored agriculture, construction and forestry machinery and equipment, is another company that is poised to benefit from the economic reopening and infrastructure spending.
As American farming and construction go into overdrive in the coming years, Deere & Co.’s nearly 70,000 employees should work overtime to meet demand and churn out the machinery that companies all over the world rely on.
DE stock has had a strong run in 2021, up 30% on the year at $349.18 per share. The company announced at the end of August that it is rewarding shareholders by raising its quarterly dividend 17% to $1.05 per share.
The quarterly dividend had previously been set at $0.90 a share. Deere & Co. has also been reporting record earnings this year. For its most recent quarter, the company reported that its revenues rose 29% to $11.5 billion, an annualized increase of 27%, while net income rose by 106% year-over-year to $1.67 billion.
Earnings per share more than doubled to $5.32 compared to $2.57 for same period of 2020. Deere & Co. stock is a buy.
Disclosure: On the date of publication, Joel Baglole held a long position in X stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post 3 Best Stocks to Buy for Improving Labor Supply Conditions in Q4 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The number of Americans filing claims for jobless benefits fell to its lowest level in 18 months in early September, and economists seem to agree that labor shortages are becoming a growing problem as companies look to fill vacant positions coming out of the pandemic. As American farming and construction go into overdrive in the coming years, Deere & Co.’s nearly 70,000 employees should work overtime to meet demand and churn out the machinery that companies all over the world rely on. InvestorPlace - Stock Market News, Stock Advice & Trading Tips One of the things we need to consider when looking for some of the best stocks to buy is that the U.S. labor market is recovering.
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U.S. Steel (NYSE:X) Boeing (NYSE:BA) Deere & Co. (NYSE:DE) Best Stocks to Buy: U.S. Steel (X) Source: Shutterstock X definitely marks the spot when it comes to improving labor conditions and U.S. Steel. Best Stocks to Buy: Deere & Co. (DE) Source: Deere & Company Deere & Co., which makes the popular line of green and yellow colored agriculture, construction and forestry machinery and equipment, is another company that is poised to benefit from the economic reopening and infrastructure spending. InvestorPlace - Stock Market News, Stock Advice & Trading Tips One of the things we need to consider when looking for some of the best stocks to buy is that the U.S. labor market is recovering.
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7 Dividend Stocks to Buy With Yields Over 4% Here are the three best stocks to buy for improving labor supply conditions as we head into the fourth quarter of the year. U.S. Steel (NYSE:X) Boeing (NYSE:BA) Deere & Co. (NYSE:DE) Best Stocks to Buy: U.S. Steel (X) Source: Shutterstock X definitely marks the spot when it comes to improving labor conditions and U.S. Steel. Best Stocks to Buy: Deere & Co. (DE) Source: Deere & Company Deere & Co., which makes the popular line of green and yellow colored agriculture, construction and forestry machinery and equipment, is another company that is poised to benefit from the economic reopening and infrastructure spending.
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The shares currently trade at $23.68. DE stock has had a strong run in 2021, up 30% on the year at $349.18 per share. Deere & Co. has also been reporting record earnings this year.
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55706919-1af9-49f6-b175-24cc81cc5a95
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721429.0
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2021-09-20 00:00:00 UTC
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iShares Core S&P U.S. Growth ETF Experiences Big Outflow
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DE
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https://www.nasdaq.com/articles/ishares-core-sp-u.s.-growth-etf-experiences-big-outflow-2021-09-20
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $117.7 million dollar outflow -- that's a 0.9% decrease week over week (from 119,200,000 to 118,100,000). Among the largest underlying components of IUSG, in trading today Deere & Co. (Symbol: DE) is down about 3.4%, KLA Corp (Symbol: KLAC) is down about 3.9%, and MSCI Inc (Symbol: MSCI) is lower by about 1%. For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average:
Looking at the chart above, IUSG's low point in its 52 week range is $75.9417 per share, with $109.635 as the 52 week high point — that compares with a last trade of $105.07. 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 IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $75.9417 per share, with $109.635 as the 52 week high point — that compares with a last trade of $105.07. 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 IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $75.9417 per share, with $109.635 as the 52 week high point — that compares with a last trade of $105.07. 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 Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $117.7 million dollar outflow -- that's a 0.9% decrease week over week (from 119,200,000 to 118,100,000).
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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 Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $117.7 million dollar outflow -- that's a 0.9% decrease week over week (from 119,200,000 to 118,100,000). For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $75.9417 per share, with $109.635 as the 52 week high point — that compares with a last trade of $105.07. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have detected an approximate $117.7 million dollar outflow -- that's a 0.9% decrease week over week (from 119,200,000 to 118,100,000). For a complete list of holdings, visit the IUSG Holdings page » The chart below shows the one year price performance of IUSG, versus its 200 day moving average: Looking at the chart above, IUSG's low point in its 52 week range is $75.9417 per share, with $109.635 as the 52 week high point — that compares with a last trade of $105.07. 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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55a3f029-0129-40ba-8b88-eaf374b5622c
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721430.0
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2021-09-15 00:00:00 UTC
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Noteworthy Wednesday Option Activity: BG, DE, NVRO
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DE
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-bg-de-nvro-2021-09-15
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Bunge Ltd. (Symbol: BG), where a total volume of 4,261 contracts has been traded thus far today, a contract volume which is representative of approximately 426,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.4% of BG's average daily trading volume over the past month, of 879,680 shares. Especially high volume was seen for the $77.50 strike put option expiring September 17, 2021, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of BG. Below is a chart showing BG's trailing twelve month trading history, with the $77.50 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 8,711 contracts thus far today. That number of contracts represents approximately 871,100 underlying shares, working out to a sizeable 47.6% of DE's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $290 strike put option expiring September 17, 2021, with 550 contracts trading so far today, representing approximately 55,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $290 strike highlighted in orange:
And Nevro Corp (Symbol: NVRO) options are showing a volume of 2,401 contracts thus far today. That number of contracts represents approximately 240,100 underlying shares, working out to a sizeable 47.3% of NVRO's average daily trading volume over the past month, of 507,515 shares. Especially high volume was seen for the $140 strike call option expiring November 19, 2021, with 782 contracts trading so far today, representing approximately 78,200 underlying shares of NVRO. Below is a chart showing NVRO's trailing twelve month trading history, with the $140 strike highlighted in orange:
For the various different available expirations for BG options, DE options, or NVRO 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 $77.50 strike put option expiring September 17, 2021, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of BG. Particularly high volume was seen for the $290 strike put option expiring September 17, 2021, with 550 contracts trading so far today, representing approximately 55,000 underlying shares of DE. Especially high volume was seen for the $140 strike call option expiring November 19, 2021, with 782 contracts trading so far today, representing approximately 78,200 underlying shares of NVRO.
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Below is a chart showing BG's trailing twelve month trading history, with the $77.50 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 8,711 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $290 strike highlighted in orange: And Nevro Corp (Symbol: NVRO) options are showing a volume of 2,401 contracts thus far today. That number of contracts represents approximately 240,100 underlying shares, working out to a sizeable 47.3% of NVRO's average daily trading volume over the past month, of 507,515 shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Bunge Ltd. (Symbol: BG), where a total volume of 4,261 contracts has been traded thus far today, a contract volume which is representative of approximately 426,100 underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $77.50 strike put option expiring September 17, 2021, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of BG. Particularly high volume was seen for the $290 strike put option expiring September 17, 2021, with 550 contracts trading so far today, representing approximately 55,000 underlying shares of DE.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Bunge Ltd. (Symbol: BG), where a total volume of 4,261 contracts has been traded thus far today, a contract volume which is representative of approximately 426,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 240,100 underlying shares, working out to a sizeable 47.3% of NVRO's average daily trading volume over the past month, of 507,515 shares. Below is a chart showing NVRO's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for BG options, DE options, or NVRO options, visit StockOptionsChannel.com.
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2021-09-13 00:00:00 UTC
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10 Smart Stocks to Buy with $10,000
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https://www.nasdaq.com/articles/10-smart-stocks-to-buy-with-%2410000-2021-09-13
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If you were looking for smart stocks to buy at the beginning of 2021, arguably your best bet would have been Support.com (NASDAQ:SPRT). At the end of August, Investor’s Business Daily said that if you had invested $10,000 in the provider of remote-work tech support at the beginning of January, you would now have $168,319.
That 1,538% year-t0-date (YTD) gain has made SPRT the second-best performing stock in the S&P 1500 Index. Of course, since that article, SPRT has lost a little shine. Now it’s up a measly 868% YTD.
Jokes aside, the idea of investing $10,000 now and increasing it tenfold over nine months seems too good to be true. Nonetheless, to pursue that idea, this list will feature 10 stocks to buy whose share prices add up to just about $10,000. Additionally, these stocks will come from a variety of sectors.
8 F-Rated Stocks to Sell in September
Most importantly, though, I’m hoping (albeit unrealistically) that these picks will deliver similar blockbuster results over the next nine months. Who knows if they actually can. Still, these stocks are solid investments to consider moving forward, outsized gains or not.
Nucor (NYSE:NUE)
PerkinElmer (NYSE:PKI)
Jones Lang LaSalle (NYSE:JLL)
Target (NYSE:TGT)
Deere & Company (NYSE:DE)
MSCI (NYSE:MSCI)
Charter Communications (NASDAQ:CHTR)
Shopify (NYSE:SHOP)
Chipotle (NYSE:CMG)
Amazon (NASDAQ:AMZN)
Stocks to Buy: Nucor (NUE)
Source: Shutterstock
Share price: $112 as of the close of Sept. 10
Sector: Basic materials
Nucor is the first entry on this list of stocks to buy. The manufacturer of steel and steel products also has the lowest-priced stock out of all of my 10 picks.
What this name lacks in size, though, it makes up for in performance. Currently, it has a one-year total return of nearly 143%, almost four times greater than the returns of the entire U.S. market. NUE stock has also delivered for shareholders long-term, generating an annualized five-year total return of 20.7%.
CNBC’s Jim Cramer recently discussed how one Twitter (NYSE:TWTR) user ravaged him for buying NUE stock at $99. However, Cramer got the last laugh.
“All right, I don’t think Nucor’s done. We will have to go into severe recession for this one to not have pricing power. And with this infrastructure bill, it is in the catbird seat because almost every firm’s earnings estimates are too low.”
I recommended NUE back in mid-May, when it was trading around the same price Cramer bought it for. This is one of the stocks in the S&P 500 Dividend Aristocrats Index that I believe will continue to perform for years to come.
PerkinElmer (PKI)
Source: Shutterstock
Share price: $186 as of Sept. 10
Sector: Healthcare
Based in Massachusetts, PerkinElmer provides diagnostic solutions to customers in some 190 countries. In 2020, the company generated approximately $3.8 billion in revenue and $1 billion in operating income. In the trailing 12 months (TTM), its free cash flow (FCF) was $1.38 billion.
At the end of July, PKI also announced that it would buy San Diego’s BioLegend, a life science antibodies and reagents provider. PerkinElmer is paying $5.25 billion for the deal in a combination of cash and PKI stock.
BioLegend is expected to generate $380 million in revenue in 2022. In addition, it should add 30 cents in profits in its first full year under PerkinElmer ownership and 50 cents in the second year. Post-closing, the merged entity expects to find $100 million in annual revenue synergies by the fifth year. All in all, PerkinElmer believes this acquisition is “transformative” because it extends the company’s already strong position within the life sciences industry.
7 of the Best Large-Cap Stocks to Buy Now
This pick of the stocks to buy currently has an FCF yield of 6.73%. I consider anything over 4% to be worthy of investor interest.
Stocks to Buy: Jones Lang LaSalle (JLL)
Source: Marlon Trottmann / Shutterstock.com
Share price: $234 as of Sept. 10
Sector: Real estate
Representing the real estate sector for this list of stocks to buy is Chicago-based Jones Lang LaSalle. JLL is a provider of real estate services and investment management for owners, tenants and investors.
As a Canadian, I couldn’t help notice this company’s Aug. 24 press release. That’s because the company announced it would take over the operation of Ivanhoe Cambridge’s retail properties in Canada. So, starting Oct. 1, one of North America’s largest retail property managers will take the reins at over 20 shopping centers across the Great White North.
That’s a nice chunk of business to have. But, of course, you don’t have $17.4 billion in TTM revenue if you don’t have fingers in a lot of pies. Through the first half of 2021, JLL has grown sales by 6% year-over-year (YOY), fee revenue by 15% and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) by 158% (Page 3).
Currently, JLL has a TTM FCF of $770 million for an FCF yield of 6.32%. Consider buying JLL stock today.
Target (TGT)
TGT) logo on a storefront." width="300" height="169">
Source: jejim / Shutterstock.com
Share price: $244 as of Sept. 10
Sector: Consumer defensive
When it comes to why you should consider Target as one of the stocks to buy, I could let my previous articles do the talking. I last recommended TGT stock back in late July. Before that, I had recommended the stock in June — twice.
Looking back, it seems like I’ve been high on this discount retailer since the beginning of time. However, I only really got on the TGT bandwagon when Target hired CEO Brian Cornell in 2014 and started turning the business around.
The company you see today is completely revamped, revitalized and taking no prisoners. At the end of August, Supermarket News named Target “Retailer of the Year.” Cornell said the following on the news:
“The strength of Target’s unique, multi-category assortment is a key competitive advantage, and the investments we’ve made across food and beverage drove strong growth in the category, as we posted nearly $9 billion in market share gains across the breadth of our business in 2020.”
7 EV Charging Stocks to Buy for an Infrastructure Rally
Target’s hitting on many fronts: grocery, its private label brands, e-commerce, its in-store experience and more. The list just goes on.
Stocks to Buy: Deere & Company (DE)
Source: Jim Lambert / Shutterstock.com
Share price: $362 as of Sept. 10
Sector: Industrials
If you’re into dividend stocks, Deere could be the one for you. On Aug. 25, the maker of tractors and other heavy equipment raised its quarterly dividend by 17% to $1.05 per share. That’s up from 90 cents in the previous quarter. DE stock’s annual rate of $4.20 per share now yields a respectable 1.16%. CEO John May had the following to say about the increase:
“The latest increase in our quarterly dividend is a reflection of Deere’s recent strong performance and the success of our new strategy and operating model […] It also shows our confidence in the company’s future direction.”
In Deere’s most recent quarterly results, the company blew past analyst estimates. In the third quarter, DE’s earnings per share were $5.32, more than double the company’s Q3 2020 earnings. As a result of its strong showing, the company upped its earnings in 2021 to $5.8 billion at the midpoint of its guidance.
Back in February, I included DE stock in a group of seven blue-chip stocks to buy. I thought its position within the all-important agriculture industry made it an excellent long-term bet. After all, everybody has to eat.
This name has an FCF yield of 4.73% — one of the lower yields on this list. Sometimes you just have to pay up for quality.
MSCI (MSCI)
Source: Shutterstock
Share price: $650 as of Sept. 10
Sector: Financial services
Right now, the 13 analysts covering MSCI stock on Marketwatch give it a consensus rating of Overweight and a $650 median target price, on par with where it’s currently trading. That suggests analysts believe the indexing and data analytics say the company is fully valued.
Moreover, a quick look at this company’s free cash flow — TTM of $830 million — makes for an FCF yield of 1.57%. That’s generally below where I like to go when considering stocks to buy.
However, this company’s August acquisition of Real Capital Analytics (RCA) for almost $950 million gives it an even stronger offering for real estate transaction data. RCA’s database goes $20 trillion deep, providing “more than 200,000 investors and lenders” with access to these commercial property transactions.
I recommended MSCI stock back in May 2020 when it was trading at around $320. This name has doubled in the 15 months since. If you’re considering a three- to five-year hold, I wouldn’t have a problem buying at current valuations, but I would definitely keep some dry powder for a future correction.
7 Healthcare Stocks to Buy Before $3.5 Trillion Floods In
Long-term, it’s hard not to like this conservatively financed business.
Stocks to Buy: Charter Communications (CHTR)
Source: Piotr Swat / Shutterstock.com
Share Price: $787 as of Sept. 10
Sector: Communication services
I honestly can’t remember the last time I covered this telecom company, if I’ve covered it all. But Charter Communications has quietly delivered for shareholders in a big way. Year to date, it’s got a total return of about 21%.
However, over the past 10 years, it’s been a different story. CHTR stock has a 31.31% annualized total return. That’s tremendous performance over the long haul.
Unsurprisingly, this name has also caught the attention of fellow InvestorPlace contributor Josh Enomoto, who recently called out the fact that Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) owns a piece of Charter. In fact, it’s one of Warren Buffett’s larger holdings, worth $4.16 billion and good for a 2.8% share of the company.
Enomoto makes the argument that Charter’s Spectrum cable business operates in some massive states — like Texas, California and New York. He suggests that it’s got plenty of business to go after in just those three states. Plus, Charter operates in 41 other states as well, so it should have ample room to keep growing.
If this pick of the stocks to buy is good enough for Buffett and Enomoto, it’s good enough for me.
Shopify (SHOP)
Source: Jirapong Manustrong / Shutterstock.com
Share price: $1,484 as of Sept. 10
Sector: Technology
Next up on this list of stocks to buy, e-commerce platform Shopify is having a crappy year in the markets. SHOP stock is up a measly 29% YTD. Thank goodness I didn’t write an article called Shopify Stock Will Hit $10,000 Sooner Than You Think like I did for Amazon back in May 2020.
I definitely would have egg on my face. Still, though, Shopify will be just fine, despite the coming and going of top management at the company. Currently, some suggest that CEO Tobi Lutke is the problem.
I definitely would keep an eye on this issue if you own or are planning to own SHOP stock. That said, until something concrete surfaces, investors should probably take this with a grain of salt.
As for analysts, they’re generally still on board with Shopify. For example, the 37 analysts covering SHOP give it an Overweight rating and a $1,700 median price target. That $200 higher than where it’s currently trading. What’s more, one analyst even gives SHOP stock a $3,300 target price.
Shopify’s recent results have been robust. There’s no question it will keep growing. However, at 47 times TTM sales, I would probably wait for a correction with this one before jumping in.
8 Tech Stocks to Buy Offering Solid Dividends
As a Canadian myself, it’s great to see this homegrown tech story continue to kill it each quarter. I hope Shopify keeps going. It’s a great success.
Stocks to Buy: Chipotle (CMG)
Source: Northfoto / Shutterstock.com
Share price: $1,901 as of Sept. 10
Sector: Consumer cyclical
On Sept. 9, Cowen analysts raised their target price on Chipotle to $2,250 per share, well above its current share price. Cowen sees the restaurant chain’s digital sales sparking an ongoing rally. The analysts also like that it’s selling more “higher margin offerings” as part of its food offerings. Fairlead Strategies founder Katie Stockton said the following on the company:
“Chipotle has historically been a leader in this space […] And even though it’s consolidated or digested those gains, it really still looks just fine from a long-term momentum perspective.”
The moves this company has made for its digital business have paid off. In Q2, digital sales rose by 10.5% and now account for almost half its overall revenue.
By almost any valuation metric, though, CMG stock is not cheap. It’s got an FCF yield of less than 1%. That said, if you’re looking for quality in the restaurant industry, Chipotle is an easy winner as one of the stocks to buy.
Amazon (AMZN)
Source: Volodymyr Plysiuk / Shutterstock.com
Share price: $3,469 as of Sept. 10
Sector: Consumer cyclical
Amazon has so many different projects going on that it’s hard to know what to call it. Is it an e-commerce company? A tech company? A retailer? A media business? A cargo business? The list goes on.
What I do know, however, is that this pick of the stocks to buy is growing its free cash flow in a big way. In 2020, Amazon’s FCF was almost $26 billion. Two years earlier, in fiscal 2018, it’s FCF was just $17.3 billion.
In Amazon’s Q2 results, you may have noticed that its TTM FCF decreased by 62% YOY to $12.1 billion. Normally, one might be alarmed by such a drop. However, in this case, Amazon was just investing in equipment and properties for its business. As a result, purchases of property and equipment in the TTM ended Jun. 30 were $52.3 billion, a 115% increase YOY.
Even when Amazon was a much smaller company, Jeff Bezos wasn’t afraid to divert profits and cash flow to invest in the parts of the business that needed capital, staffing and more. The company’s new CEO, Andy Jassy, is no different.
7 Dividend Aristocrat Stocks to Buy in September for Gains and Stability
Earlier this month, InvestorPlace contributor Mark Hake suggested that, based on the company’s FCF margins, AMZN stock could trade for over $4,000 in the next year. I don’t think there’s any doubt it will.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post 10 Smart Stocks to Buy with $10,000 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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Through the first half of 2021, JLL has grown sales by 6% year-over-year (YOY), fee revenue by 15% and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) by 158% (Page 3). Even when Amazon was a much smaller company, Jeff Bezos wasn’t afraid to divert profits and cash flow to invest in the parts of the business that needed capital, staffing and more. At the end of August, Investor’s Business Daily said that if you had invested $10,000 in the provider of remote-work tech support at the beginning of January, you would now have $168,319.
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Nucor (NYSE:NUE) PerkinElmer (NYSE:PKI) Jones Lang LaSalle (NYSE:JLL) Target (NYSE:TGT) Deere & Company (NYSE:DE) At the end of August, Investor’s Business Daily said that if you had invested $10,000 in the provider of remote-work tech support at the beginning of January, you would now have $168,319. That 1,538% year-t0-date (YTD) gain has made SPRT the second-best performing stock in the S&P 1500 Index.
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Stocks to Buy: Deere & Company (DE) Source: Jim Lambert / Shutterstock.com Share price: $362 as of Sept. 10 Sector: Industrials If you’re into dividend stocks, Deere could be the one for you. At the end of August, Investor’s Business Daily said that if you had invested $10,000 in the provider of remote-work tech support at the beginning of January, you would now have $168,319. That 1,538% year-t0-date (YTD) gain has made SPRT the second-best performing stock in the S&P 1500 Index.
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At the end of August, Investor’s Business Daily said that if you had invested $10,000 in the provider of remote-work tech support at the beginning of January, you would now have $168,319. That 1,538% year-t0-date (YTD) gain has made SPRT the second-best performing stock in the S&P 1500 Index. Jokes aside, the idea of investing $10,000 now and increasing it tenfold over nine months seems too good to be true.
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721432.0
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2021-09-13 00:00:00 UTC
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DE January 2024 Options Begin Trading
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https://www.nasdaq.com/articles/de-january-2024-options-begin-trading-2021-09-13
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the January 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $350.00 strike price has a current bid of $61.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $350.00, but will also collect the premium, putting the cost basis of the shares at $288.50 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $361.48/share today.
Because the $350.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 17.57% return on the cash commitment, or 7.47% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $350.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $60.50. If an investor was to purchase shares of DE stock at the current price level of $361.48/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $370.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 19.09% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red:
Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 16.74% boost of extra return to the investor, or 7.12% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 34%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $361.48) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the January 2024 expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the January 2024 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2024 contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $350.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $60.50. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new January 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the January 2024 expiration.
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721433.0
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2021-09-09 00:00:00 UTC
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IYJ, RTX, DE, GE: Large Outflows Detected at ETF
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https://www.nasdaq.com/articles/iyj-rtx-de-ge%3A-large-outflows-detected-at-etf-2021-09-09
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $56.5 million dollar outflow -- that's a 3.2% decrease week over week (from 15,650,000 to 15,150,000). Among the largest underlying components of IYJ, in trading today Raytheon Technologies Corp (Symbol: RTX) is up about 1.7%, Deere & Co. (Symbol: DE) is down about 1.2%, and General Electric Co (Symbol: GE) is higher by about 1.6%. For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average:
Looking at the chart above, IYJ's low point in its 52 week range is $80.145 per share, with $115.34 as the 52 week high point — that compares with a last trade of $113.42. 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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For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $80.145 per share, with $115.34 as the 52 week high point — that compares with a last trade of $113.42. 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 IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $80.145 per share, with $115.34 as the 52 week high point — that compares with a last trade of $113.42. 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 U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $56.5 million dollar outflow -- that's a 3.2% decrease week over week (from 15,650,000 to 15,150,000).
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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 U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $56.5 million dollar outflow -- that's a 3.2% decrease week over week (from 15,650,000 to 15,150,000). For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $80.145 per share, with $115.34 as the 52 week high point — that compares with a last trade of $113.42. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Industrials ETF (Symbol: IYJ) where we have detected an approximate $56.5 million dollar outflow -- that's a 3.2% decrease week over week (from 15,650,000 to 15,150,000). For a complete list of holdings, visit the IYJ Holdings page » The chart below shows the one year price performance of IYJ, versus its 200 day moving average: Looking at the chart above, IYJ's low point in its 52 week range is $80.145 per share, with $115.34 as the 52 week high point — that compares with a last trade of $113.42. 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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39f2eda0-81c4-486b-854e-08d23bb0f6c7
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721434.0
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2021-09-07 00:00:00 UTC
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Notable Tuesday Option Activity: CRSR, DE, SWAV
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DE
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-crsr-de-swav-2021-09-07
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Corsair Gaming Inc (Symbol: CRSR), where a total volume of 30,243 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 155.7% of CRSR's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $32.50 strike call option expiring September 17, 2021, with 7,395 contracts trading so far today, representing approximately 739,500 underlying shares of CRSR. Below is a chart showing CRSR's trailing twelve month trading history, with the $32.50 strike highlighted in orange:
Deere & Co. (Symbol: DE) saw options trading volume of 24,189 contracts, representing approximately 2.4 million underlying shares or approximately 155.5% of DE's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $400 strike call option expiring October 15, 2021, with 1,279 contracts trading so far today, representing approximately 127,900 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $400 strike highlighted in orange:
And ShockWave Medical Inc (Symbol: SWAV) options are showing a volume of 4,742 contracts thus far today. That number of contracts represents approximately 474,200 underlying shares, working out to a sizeable 137.8% of SWAV's average daily trading volume over the past month, of 344,070 shares. Particularly high volume was seen for the $210 strike put option expiring October 15, 2021, with 910 contracts trading so far today, representing approximately 91,000 underlying shares of SWAV. Below is a chart showing SWAV's trailing twelve month trading history, with the $210 strike highlighted in orange:
For the various different available expirations for CRSR options, DE options, or SWAV 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 $32.50 strike call option expiring September 17, 2021, with 7,395 contracts trading so far today, representing approximately 739,500 underlying shares of CRSR. Particularly high volume was seen for the $400 strike call option expiring October 15, 2021, with 1,279 contracts trading so far today, representing approximately 127,900 underlying shares of DE. Particularly high volume was seen for the $210 strike put option expiring October 15, 2021, with 910 contracts trading so far today, representing approximately 91,000 underlying shares of SWAV.
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Below is a chart showing CRSR's trailing twelve month trading history, with the $32.50 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 24,189 contracts, representing approximately 2.4 million underlying shares or approximately 155.5% of DE's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $400 strike call option expiring October 15, 2021, with 1,279 contracts trading so far today, representing approximately 127,900 underlying shares of DE. Particularly high volume was seen for the $210 strike put option expiring October 15, 2021, with 910 contracts trading so far today, representing approximately 91,000 underlying shares of SWAV.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Corsair Gaming Inc (Symbol: CRSR), where a total volume of 30,243 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing CRSR's trailing twelve month trading history, with the $32.50 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 24,189 contracts, representing approximately 2.4 million underlying shares or approximately 155.5% of DE's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $400 strike call option expiring October 15, 2021, with 1,279 contracts trading so far today, representing approximately 127,900 underlying shares of DE.
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Below is a chart showing CRSR's trailing twelve month trading history, with the $32.50 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 24,189 contracts, representing approximately 2.4 million underlying shares or approximately 155.5% of DE's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $210 strike put option expiring October 15, 2021, with 910 contracts trading so far today, representing approximately 91,000 underlying shares of SWAV. Below is a chart showing SWAV's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for CRSR options, DE options, or SWAV options, visit StockOptionsChannel.com.
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defea13e-a64a-4f98-b455-f61972757129
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721435.0
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2021-09-07 00:00:00 UTC
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S&P 500 Movers: DE, SIVB
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DE
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https://www.nasdaq.com/articles/sp-500-movers%3A-de-sivb-2021-09-07
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nan
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nan
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In early trading on Tuesday, shares of SVB Financial Group (SIVB) topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. Year to date, SVB Financial Group registers a 51.8% gain.
And the worst performing S&P 500 component thus far on the day is Deere & Co. (DE), trading down 4.1%. Deere & Co. is showing a gain of 38.8% looking at the year to date performance.
Two other components making moves today are Marketaxess Holdings (MKTX), trading down 3.9%, and Tesla (TSLA), trading up 2.9% on the day.
VIDEO: S&P 500 Movers: DE, SIVB
The views and 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 early trading on Tuesday, shares of SVB Financial Group (SIVB) topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. And the worst performing S&P 500 component thus far on the day is Deere & Co. (DE), trading down 4.1%. Deere & Co. is showing a gain of 38.8% looking at the year to date performance.
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In early trading on Tuesday, shares of SVB Financial Group (SIVB) topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. And the worst performing S&P 500 component thus far on the day is Deere & Co. (DE), trading down 4.1%. Deere & Co. is showing a gain of 38.8% looking at the year to date performance.
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In early trading on Tuesday, shares of SVB Financial Group (SIVB) topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. And the worst performing S&P 500 component thus far on the day is Deere & Co. (DE), trading down 4.1%. Deere & Co. is showing a gain of 38.8% looking at the year to date performance.
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And the worst performing S&P 500 component thus far on the day is Deere & Co. (DE), trading down 4.1%. VIDEO: S&P 500 Movers: DE, SIVB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Tuesday, shares of SVB Financial Group (SIVB) topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%.
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1f485a48-a065-43aa-a0f9-5cb6898b608e
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721436.0
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2021-09-06 00:00:00 UTC
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Deere (NYSE:DE) Is Increasing Its Dividend To US$1.05
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DE
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https://www.nasdaq.com/articles/deere-nyse%3Ade-is-increasing-its-dividend-to-us%241.05-2021-09-06
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nan
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nan
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The board of Deere & Company (NYSE:DE) has announced that it will be increasing its dividend on the 8th of November to US$1.05. This takes the annual payment to 0.9% of the current stock price, which unfortunately is below what the industry is paying.
Deere's Earnings Easily Cover the Distributions
If it is predictable over a long period, even low dividend yields can be attractive. However, Deere's earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business.
Looking forward, earnings per share is forecast to rise by 21.6% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 18% by next year, which is in a pretty sustainable range.
NYSE:DE Historic Dividend September 6th 2021
Deere Has A Solid Track Record
The company has an extended history of paying stable dividends. Since 2011, the first annual payment was US$1.40, compared to the most recent full-year payment of US$4.20. This means that it has been growing its distributions at 12% per annum over that time. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time.
The Dividend Looks Likely To Grow
Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. It's encouraging to see Deere has been growing its earnings per share at 28% a year over the past five years. A low payout ratio gives the company a lot of flexibility, and growing earnings also make it very easy for it to grow the dividend.
Deere Looks Like A Great Dividend Stock
Overall, a dividend increase is always good, and we think that Deere is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock.
Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've picked out 1 warning sign for Deere that investors should know about before committing capital to this stock. Looking for more high-yielding dividend ideas? Try our curated list of strong dividend payers.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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's Earnings Easily Cover the Distributions If it is predictable over a long period, even low dividend yields can be attractive. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
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The board of Deere & Company (NYSE:DE) has announced that it will be increasing its dividend on the 8th of November to US$1.05. NYSE:DE Historic Dividend September 6th 2021 Deere Has A Solid Track Record The company has an extended history of paying stable dividends. Deere Looks Like A Great Dividend Stock Overall, a dividend increase is always good, and we think that Deere is a strong income stock thanks to its track record and growing earnings.
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NYSE:DE Historic Dividend September 6th 2021 Deere Has A Solid Track Record The company has an extended history of paying stable dividends. The Dividend Looks Likely To Grow Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Deere Looks Like A Great Dividend Stock Overall, a dividend increase is always good, and we think that Deere is a strong income stock thanks to its track record and growing earnings.
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Deere Looks Like A Great Dividend Stock Overall, a dividend increase is always good, and we think that Deere is a strong income stock thanks to its track record and growing earnings. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. The board of Deere & Company (NYSE:DE) has announced that it will be increasing its dividend on the 8th of November to US$1.05.
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a450c961-1610-451c-bb0f-5bd82ee685b0
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721437.0
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2021-09-04 00:00:00 UTC
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Is Deere & Company's (NYSE:DE) 35% ROE Better Than Average?
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DE
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https://www.nasdaq.com/articles/is-deere-companys-nyse%3Ade-35-roe-better-than-average-2021-09-04
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nan
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nan
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One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Deere & Company (NYSE:DE).
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
How To Calculate Return On Equity?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Deere is:
35% = US$5.4b ÷ US$16b (Based on the trailing twelve months to August 2021).
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.35 in profit.
Does Deere Have A Good Return On Equity?
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Deere has a higher ROE than the average (12%) in the Machinery industry.
NYSE:DE Return on Equity September 4th 2021
That is a good sign. However, bear in mind that a high ROE doesn’t necessarily indicate efficient profit generation. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .
Why You Should Consider Debt When Looking At ROE
Most companies need money -- from somewhere -- to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
Deere's Debt And Its 35% ROE
It appears that Deere makes extensive use of debt to improve its returns, because it has an alarmingly high debt to equity ratio of 3.05. So although the company has an impressive ROE, the company might not have been able to achieve this without the significant use of debt.
Summary
Return on equity is one way we can compare its business quality of different companies. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.
Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business.
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By way of learning-by-doing, we'll look at ROE to gain a better understanding of Deere & Company (NYSE:DE). Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deere is: 35% = US$5.4b ÷ US$16b (Based on the trailing twelve months to August 2021). That means that for every $1 worth of shareholders' equity, the company generated $0.35 in profit.
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Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Deere is: 35% = US$5.4b ÷ US$16b (Based on the trailing twelve months to August 2021). Deere's Debt And Its 35% ROE It appears that Deere makes extensive use of debt to improve its returns, because it has an alarmingly high debt to equity ratio of 3.05. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.
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With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. Deere's Debt And Its 35% ROE It appears that Deere makes extensive use of debt to improve its returns, because it has an alarmingly high debt to equity ratio of 3.05. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock.
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fbfe8096-733a-4afa-af3c-7b5faa4a0cf1
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721438.0
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2021-09-02 00:00:00 UTC
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U.S. pegs farm income at eight-year high amid strong corn, soy prices
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DE
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https://www.nasdaq.com/articles/u.s.-pegs-farm-income-at-eight-year-high-amid-strong-corn-soy-prices-2021-09-02
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nan
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nan
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CHICAGO, Sept 2 (Reuters) - U.S. farmers' net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits.
A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened the financial outlook for farmers even as aid payments from the federal government are declining. Crop prices have pulled back from peaks reached in May but remain historically high due to tight global supplies and robust imports from China.
Rising profits have increased farmers' demand for land, tractors and tools, providing an economic boost to rural towns.
The USDA's latest forecast is positive for equipment manufacturers such as Deere & Co DE.N, AGCO Corp AGCO.N and CPM Holdings, Moody's Investors Service said in a note.
Farmers in recent years relied on aid payments from the federal government to offset financial losses linked to the U.S.-China trade war and COVID-19 pandemic. However, direct government payments are forecast to fall by 38.6% to $28 billion in 2021 due to reduced COVID-19 relief, after increasing by 103.5% in 2020 compared to 2019, according to the USDA.
In February, the USDA predicted net farm income, a broad measure of profits, would fall 8.1% in 2021 due to lower government payments and higher expenses.
Farmers' production expenses will increase by 7.3% to $383.5 billion in nominal terms this year, according to the USDA. Spending on nearly all types of expenses is expected to rise, the agency said, as U.S. consumers grapple with inflation across a range of products.
(Reporting by Tom Polansek; Editing by Mark Porter)
((Thomas.Polansek@thomsonreuters.com; https://twitter.com/tpolansek;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CHICAGO, Sept 2 (Reuters) - U.S. farmers' net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits. A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened the financial outlook for farmers even as aid payments from the federal government are declining. Rising profits have increased farmers' demand for land, tractors and tools, providing an economic boost to rural towns.
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A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened the financial outlook for farmers even as aid payments from the federal government are declining. Farmers in recent years relied on aid payments from the federal government to offset financial losses linked to the U.S.-China trade war and COVID-19 pandemic. CHICAGO, Sept 2 (Reuters) - U.S. farmers' net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits.
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CHICAGO, Sept 2 (Reuters) - U.S. farmers' net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits. A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened the financial outlook for farmers even as aid payments from the federal government are declining. Rising profits have increased farmers' demand for land, tractors and tools, providing an economic boost to rural towns.
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CHICAGO, Sept 2 (Reuters) - U.S. farmers' net income is projected to jump 19.5% this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Thursday in a sharp reversal from a February forecast for a decline in profits. A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened the financial outlook for farmers even as aid payments from the federal government are declining. Rising profits have increased farmers' demand for land, tractors and tools, providing an economic boost to rural towns.
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2a706965-b2d5-44ca-8859-cbe819423a19
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721439.0
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2021-09-02 00:00:00 UTC
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October 22nd Options Now Available For Deere (DE)
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DE
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https://www.nasdaq.com/articles/october-22nd-options-now-available-for-deere-de-2021-09-02
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the October 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new October 22nd contracts and identified one put and one call contract of particular interest.
The put contract at the $380.00 strike price has a current bid of $12.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $380.00, but will also collect the premium, putting the cost basis of the shares at $367.70 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $382.23/share today.
Because the $380.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.24% return on the cash commitment, or 23.63% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $380.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $385.00 strike price has a current bid of $10.80. If an investor was to purchase shares of DE stock at the current price level of $382.23/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $385.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.55% if the stock gets called away at the October 22nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red:
Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.83% boost of extra return to the investor, or 20.63% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $382.23) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the October 22nd expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the October 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new October 22nd contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $380.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $385.00 strike price has a current bid of $10.80. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new October 22nd contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $385.00 strike highlighted in red: Considering the fact that the $385.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the October 22nd expiration.
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cdde76d6-2f3a-4e13-90ce-754a322082d1
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721440.0
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2021-08-31 00:00:00 UTC
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Notable Tuesday Option Activity: PVH, DE, DRI
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DE
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-pvh-de-dri-2021-08-31
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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 PVH Corp (Symbol: PVH), where a total volume of 5,485 contracts has been traded thus far today, a contract volume which is representative of approximately 548,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56% of PVH's average daily trading volume over the past month, of 979,765 shares. Particularly high volume was seen for the $105 strike call option expiring September 17, 2021, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of PVH. Below is a chart showing PVH's trailing twelve month trading history, with the $105 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 7,116 contracts thus far today. That number of contracts represents approximately 711,600 underlying shares, working out to a sizeable 51.5% of DE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $410 strike call option expiring October 15, 2021, with 1,565 contracts trading so far today, representing approximately 156,500 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange:
And Darden Restaurants, Inc. (Symbol: DRI) saw options trading volume of 7,649 contracts, representing approximately 764,900 underlying shares or approximately 47.1% of DRI's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $135 strike put option expiring September 17, 2021, with 4,013 contracts trading so far today, representing approximately 401,300 underlying shares of DRI. Below is a chart showing DRI's trailing twelve month trading history, with the $135 strike highlighted in orange:
For the various different available expirations for PVH options, DE options, or DRI 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 $105 strike call option expiring September 17, 2021, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of PVH. Particularly high volume was seen for the $410 strike call option expiring October 15, 2021, with 1,565 contracts trading so far today, representing approximately 156,500 underlying shares of DE. Especially high volume was seen for the $135 strike put option expiring September 17, 2021, with 4,013 contracts trading so far today, representing approximately 401,300 underlying shares of DRI.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PVH Corp (Symbol: PVH), where a total volume of 5,485 contracts has been traded thus far today, a contract volume which is representative of approximately 548,500 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing PVH's trailing twelve month trading history, with the $105 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 7,116 contracts thus far today. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: And Darden Restaurants, Inc. (Symbol: DRI) saw options trading volume of 7,649 contracts, representing approximately 764,900 underlying shares or approximately 47.1% of DRI's average daily trading volume over the past month, of 1.6 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PVH Corp (Symbol: PVH), where a total volume of 5,485 contracts has been traded thus far today, a contract volume which is representative of approximately 548,500 underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $105 strike call option expiring September 17, 2021, with 2,045 contracts trading so far today, representing approximately 204,500 underlying shares of PVH. Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: And Darden Restaurants, Inc. (Symbol: DRI) saw options trading volume of 7,649 contracts, representing approximately 764,900 underlying shares or approximately 47.1% of DRI's average daily trading volume over the past month, of 1.6 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PVH Corp (Symbol: PVH), where a total volume of 5,485 contracts has been traded thus far today, a contract volume which is representative of approximately 548,500 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $410 strike highlighted in orange: And Darden Restaurants, Inc. (Symbol: DRI) saw options trading volume of 7,649 contracts, representing approximately 764,900 underlying shares or approximately 47.1% of DRI's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $135 strike put option expiring September 17, 2021, with 4,013 contracts trading so far today, representing approximately 401,300 underlying shares of DRI.
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6f7c3b41-bd0e-4311-9f19-c66f96b794d8
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721441.0
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2021-08-31 00:00:00 UTC
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Why Deere Is Off and Running Again
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DE
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https://www.nasdaq.com/articles/why-deere-is-off-and-running-again-2021-08-31
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nan
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nan
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Up by 81% over the past 12 months and 34% year to date, Deere & Company (NYSE: DE) stock has escaped the doldrums it has long been mired in. The company once again has growing revenue, earnings, and stock value. The fiscal third-quarter report it recently delivered shows circumstances are favorable for it right now, and it's taking positive actions to profit from the opportunity -- though a few potential stumbling blocks remain.
The market environment
The economic results of the COVID-19 pandemic set several trends in motion beneficial to Deere and other equipment manufacturers. Rising commodity prices are infusing more money into the agricultural sector. That is enabling farmers and agribusinesses to buy new equipment to meet rising demand or replace older, worn-out gear.
A Goldman Sachs rating upgrade for Georgia-based agricultural machinery maker Agco (NYSE: AGCO) included a research note saying its decision was "driven by our positive outlook on a multi-year recovery in long-cycle ag [agricultural] equipment demand." The note also said "declines in used equipment inventories over the past seven years (60+% decline) and rising used equipment values (+26% yoy) signal a strong multi-year need for" new equipment.
Image source: Getty Images.
Deere's Q3 2021earnings callpresentation details projected gains in a range of sectors. Sales in various categories in small and large agricultural equipment, forestry, and construction are forecast to grow by 10% to 25% in 2021. The regions included are the U.S., Canada, Europe, South America, and Asia, showing the surge in demand is worldwide.
During its Aug. 20 conference call, Deere's manager of investor communications, Brent Norwood, noted the "combination of higher commodity prices, strong production, and a favorable currency environment, have boosted the profitability of farmers, driving orders through the remainder of the year and into the first quarter of fiscal year 2022." He went on to say that "despite limited government-sponsored financing programs, private financing is more widely available this year, supporting continued strength in equipment demand."
Deere's response
Deere's execution relative to its market opportunities through this fiscal year and into the next one looks positive for its growth and performance. Its revenue rose 29% in fiscal Q3 to $11.5 billion, and increased 27% for the fiscal year to date, while net income rose by 106% year over year for the quarter to $1.67 billion, delivering earnings per share of $5.32 compared to $2.57 for the prior-year period.
The vehicle and equipment manufacturer is clearly operating efficiently, as shown by its margins. Raw material prices are up significantly this year, with domestic hot-rolled coil steel, for example, up to $1,936 per ton for September contracts on the New York Mercantile Exchange. That type of steel cost between $500 and $800 per ton before the first COVID-19 lockdowns. Supply chain problems and labor issues are driving additional disruptions.
Nevertheless, in its fiscal Q3, Deere's operating margins rose by around 2% to 3% for the production & precision agriculture and small ag & turf segments. In its construction segment -- the best-performing unit in terms of margin gains for the period -- margins rose by 6%.
For the full fiscal year, Deere expects a 20% to 21% operating margin from its production & precision agriculture segment, up from fiscal 2020's 15.2%. The margin forecast for the small ag & turf segment is in the 17% to 18% range versus 2020's 10.7%, while construction & forestry is expected to finish with a 13% to 14% operating margin, more than double the 6.6% it produced in the prior year. Deere expects its various segments' full-year net sales to be up in the 25% to 30% range.
Deere increased its prices while maintaining excellent, growing sales, which offset the impact of rising raw materials costs. Its price realization for the year is expected to be in the 5% to 8% range, varying across its segments. During the fiscal Q3earnings call Director of Investor Relations Josh Jepsen said this price realization has been "very favorable" for the company. The benefits come from price, volume, and boosted sales of high-margin items such as excavators used in construction.
Deere also announced a 17% quarterly dividend hike on Aug. 25 from $0.90 to $1.05, passing some of the rewards of its successful strategy and fortunate positioning along to its shareholders.
Deere's outlook
Profits for farmers, much like corn, are growing "high as an elephant's eye" in the agricultural sector right now. The forestry, construction, and turf equipment categories are booming, too.
In this environment, Deere is likely lined up for further growth. Its margins, successful price increases, and the sheer level of worldwide demand for vehicles and equipment make it hard to be anything but bullish about the company. As far as industrial stocks go, Deere appears to be a winner.
10 stocks we like better than Deere & Company
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Rhian Hunt 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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The fiscal third-quarter report it recently delivered shows circumstances are favorable for it right now, and it's taking positive actions to profit from the opportunity -- though a few potential stumbling blocks remain. Its margins, successful price increases, and the sheer level of worldwide demand for vehicles and equipment make it hard to be anything but bullish about the company. Up by 81% over the past 12 months and 34% year to date, Deere & Company (NYSE: DE) stock has escaped the doldrums it has long been mired in.
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During its Aug. 20 conference call, Deere's manager of investor communications, Brent Norwood, noted the "combination of higher commodity prices, strong production, and a favorable currency environment, have boosted the profitability of farmers, driving orders through the remainder of the year and into the first quarter of fiscal year 2022." Its revenue rose 29% in fiscal Q3 to $11.5 billion, and increased 27% for the fiscal year to date, while net income rose by 106% year over year for the quarter to $1.67 billion, delivering earnings per share of $5.32 compared to $2.57 for the prior-year period. For the full fiscal year, Deere expects a 20% to 21% operating margin from its production & precision agriculture segment, up from fiscal 2020's 15.2%.
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During its Aug. 20 conference call, Deere's manager of investor communications, Brent Norwood, noted the "combination of higher commodity prices, strong production, and a favorable currency environment, have boosted the profitability of farmers, driving orders through the remainder of the year and into the first quarter of fiscal year 2022." Its revenue rose 29% in fiscal Q3 to $11.5 billion, and increased 27% for the fiscal year to date, while net income rose by 106% year over year for the quarter to $1.67 billion, delivering earnings per share of $5.32 compared to $2.57 for the prior-year period. For the full fiscal year, Deere expects a 20% to 21% operating margin from its production & precision agriculture segment, up from fiscal 2020's 15.2%.
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During its Aug. 20 conference call, Deere's manager of investor communications, Brent Norwood, noted the "combination of higher commodity prices, strong production, and a favorable currency environment, have boosted the profitability of farmers, driving orders through the remainder of the year and into the first quarter of fiscal year 2022." Up by 81% over the past 12 months and 34% year to date, Deere & Company (NYSE: DE) stock has escaped the doldrums it has long been mired in. The fiscal third-quarter report it recently delivered shows circumstances are favorable for it right now, and it's taking positive actions to profit from the opportunity -- though a few potential stumbling blocks remain.
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1f59d675-2fa6-4a24-8f4e-22c158d0251c
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721442.0
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2021-08-26 00:00:00 UTC
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Daily Dividend Report: DE,WSM,RGLD,HOG,EFX
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DE
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https://www.nasdaq.com/articles/daily-dividend-report%3A-dewsmrgldhogefx-2021-08-26
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nan
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nan
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The Deere Board of Directors today declared an increased quarterly dividend of $1.05 per share on the company's common stock. The dividend is payable November 8, 2021, to stockholders of record on September 30, 2021. The new quarterly rate represents an additional 15 cents per share over the previous level, an increase of approximately 17 percent. "The latest increase in our quarterly dividend is a reflection of Deere's recent strong performance and the success of our new strategy and operating model," said John C. May, chairman and chief executive officer. "It also shows our confidence in the company's future direction."
Williams-Sonoma announced today that its Board of Directors has authorized a 20.3% increase in the company's quarterly cash dividend to $0.71 per share. The quarterly dividend is payable on November 26, 2021 to stockholders of record as of the close of business on October 22, 2021. The Board of Directors also approved a new $1.25 billion stock repurchase authorization, which supersedes the approximately $560 million, which remains outstanding under the company's current stock repurchase authorization.
ROYAL GOLD announced today that its Board of Directors has declared its fourth quarter dividend of $0.30 per share of common stock. The dividend is payable on October 15, 2021, to shareholders of record at the close of business on October 1, 2021.
The Harley-Davidson Board of Directors has approved a cash dividend of $0.15 per share for the third quarter of 2021. The dividend is payable September 24, 2021 to the shareholders of record of the Company's common stock as of September 10, 2021.
Equifax today announced that the Equifax Board of Directors declared a quarterly dividend of $0.39 per share, payable on Sept. 17, 2021, to shareholders of record as of the close of business on Sept. 7, 2021. Equifax has paid cash dividends for more than 100 consecutive years.
VIDEO: Daily Dividend Report: DE,WSM,RGLD,HOG,EFX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Deere Board of Directors today declared an increased quarterly dividend of $1.05 per share on the company's common stock. "The latest increase in our quarterly dividend is a reflection of Deere's recent strong performance and the success of our new strategy and operating model," said John C. May, chairman and chief executive officer. ROYAL GOLD announced today that its Board of Directors has declared its fourth quarter dividend of $0.30 per share of common stock.
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The Deere Board of Directors today declared an increased quarterly dividend of $1.05 per share on the company's common stock. Williams-Sonoma announced today that its Board of Directors has authorized a 20.3% increase in the company's quarterly cash dividend to $0.71 per share. Equifax today announced that the Equifax Board of Directors declared a quarterly dividend of $0.39 per share, payable on Sept. 17, 2021, to shareholders of record as of the close of business on Sept. 7, 2021.
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The Deere Board of Directors today declared an increased quarterly dividend of $1.05 per share on the company's common stock. Williams-Sonoma announced today that its Board of Directors has authorized a 20.3% increase in the company's quarterly cash dividend to $0.71 per share. Equifax today announced that the Equifax Board of Directors declared a quarterly dividend of $0.39 per share, payable on Sept. 17, 2021, to shareholders of record as of the close of business on Sept. 7, 2021.
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The Deere Board of Directors today declared an increased quarterly dividend of $1.05 per share on the company's common stock. The dividend is payable September 24, 2021 to the shareholders of record of the Company's common stock as of September 10, 2021. Equifax today announced that the Equifax Board of Directors declared a quarterly dividend of $0.39 per share, payable on Sept. 17, 2021, to shareholders of record as of the close of business on Sept. 7, 2021.
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6d6e0785-14e4-4d5e-98ba-da1ec928f0e5
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721443.0
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2021-08-26 00:00:00 UTC
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Should You Buy Deere Stock At $360 Levels?
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-stock-at-%24360-levels-2021-08-26
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nan
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nan
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[Updated: Aug 24, 2021] Deere Stock Update
Deere & Company (NYSE:DE) recently reported its fiscal Q3 2021 results, which were comfortably above our estimates. The company reported revenues of $10.4 billion, compared to our estimate of $9.9 billion and $10.3 billion consensus estimate. Similarly, the EPS of $5.32 was well above the $4.45 per Trefis and $4.57 consensus estimates. The strong performance was led by a continued uptick in demand for both construction and agricultural equipment. Deere saw higher volume as well as better price realization for both the segments in Q3.
Looking forward, the company has warned about rising raw-material costs and increased supply-chain challenges, that may impact its growth in Q4 and into the next fiscal year. As such, despite a solid Q3, DE stock declined over 3% following the earnings release on Aug 20.
We have updated our model following the Q3 release. We now forecast sales to be $39.9 billion for the full-fiscal 2021, up 25% y-o-y, compared to our previous estimate of around $39.7 billion. Looking at the bottom line, we now estimate adjusted EPS to be $18.86, compared to our earlier estimate of $17.60. This can largely be attributed to a strong earnings beat in Q3. Given the changes to our revenues and earnings forecast, we have revised our Deere Valuation at $434 per share, based on $18.86 expected EPS and 23x P/E multiple for fiscal 2021. This reflects a 20% premium to the current market price of $363, implying that DE stock is undervalued currently, in our view.
[Updated: Aug 18, 2021] Deere Fiscal Q3 2021 Earnings Preview
Deere & Company (NYSE:DE) is scheduled to report its fiscal third-quarter results on Friday, August 20. We expect Deere to likely post revenues and earnings below the consensus estimates. While Deere is expected to benefit from improved demand for agriculture as well as construction equipment, with the gradual opening up of economies, rising raw-material costs may put some pressure on margins. That said, our forecast indicates that Deere’s valuation is around $425 per share, which is more than 12% above the current market price of $376. Look at our interactive dashboard analysis on Deere & Company Pre-Earnings: What To Expect in Q3? for more details.
(1) Revenues expected to be below the consensus estimate
Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. The company saw a strong rebound in the demand for construction as well as agriculture equipment over the last couple of quarters. In Q2 fiscal 2021, revenue rose a solid 30% to $12.1 billion, as the company continued to see an increase in spending on agricultural equipment. The company also expects a rebound in inventory levels, which should aid the overall sales growth in Q3. Our dashboard on Deere Revenues provides more details on segment-wise revenue breakup.
2) EPS likely to be below the consensus estimates
Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. Deere’s net income of $1.8 billion in Q2, reflected a large 169% growth from its $666 million profit in the prior year quarter, led by higher sales and a decline in operating expenses. While Q2 saw a higher price realization, aiding the overall margins, Q3 may see some pressure on margins, primarily due to a rise in raw-material costs. Looking at the full year 2021, we expect EPS to more than double to $17.60, aided by both revenue growth as well as margin expansion.
(3) Stock price estimate 13% above the current market price
Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376. Although the coronavirus outbreak has had a sizable impact on Deere’s business in fiscal 2020 due to lower demand for its equipment, the demand for both agriculture as well as construction equipment has seen a strong rebound so far this year, a trend expected to continue in the near term.
Note: P/E Multiples are based on Share Price at the end of the year, and reported (or expected) Adjusted Earnings for the full year
While DE stock looks like can gain more, it is helpful to see how its peers stack up. DE stock comparison with its peers summarizes how Deere compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and 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 Deere is expected to benefit from improved demand for agriculture as well as construction equipment, with the gradual opening up of economies, rising raw-material costs may put some pressure on margins. Deere’s net income of $1.8 billion in Q2, reflected a large 169% growth from its $666 million profit in the prior year quarter, led by higher sales and a decline in operating expenses. [Updated: Aug 24, 2021] Deere Stock Update Deere & Company (NYSE:DE) recently reported its fiscal Q3 2021 results, which were comfortably above our estimates.
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[Updated: Aug 24, 2021] Deere Stock Update Deere & Company (NYSE:DE) recently reported its fiscal Q3 2021 results, which were comfortably above our estimates. [Updated: Aug 18, 2021] Deere Fiscal Q3 2021 Earnings Preview Deere & Company (NYSE:DE) is scheduled to report its fiscal third-quarter results on Friday, August 20. 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57.
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(1) Revenues expected to be below the consensus estimate Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. (3) Stock price estimate 13% above the current market price Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376.
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(1) Revenues expected to be below the consensus estimate Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. (3) Stock price estimate 13% above the current market price Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376.
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6f0f6ea5-59a6-419c-a75a-2d5aa67f53e1
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721444.0
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2021-08-25 00:00:00 UTC
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2 Takeaways from Alamo Group's Vigorous Q2 Report
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DE
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https://www.nasdaq.com/articles/2-takeaways-from-alamo-groups-vigorous-q2-report-2021-08-25
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nan
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nan
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Second-quarter earnings results show forestry, commercial, and agricultural vehicle maker Alamo Group (NYSE: ALG) revved up its performance this spring and early summer as the economy started shaking off the effects of COVID-19 lockdowns. Alamo saw orders slump in 2020 due to the impact of the pandemic, among other reasons.
Some trends created by last year's temporary lockdowns may even be giving Alamo a further lift, though other factors are interfering with its growth. There are at least two points investors should consider before deciding whether or not to add Alamo Group to their portfolios.
Image source: Morbark, Alamo Group.
1. Alamo is rebounding and showing signs of longer-term growth
Unsurprisingly, Alamo Group's second-quarter report revealed a strong rebound from the COVID-19-crimped prior-year period, with revenue and net income "significantly improved." In addition, Alamo Group's acquisitions of Morbark and other small companies several years ago are helping catalyze growth now.
Year over year, quarterly revenue jumped by 29% to $347.6 million, while adjusted earnings per share surged by 73% to $1.97. These metrics also grew compared to Q2 2019, by 21.9% and 12.6%, respectively. Significantly, the company has also paid down much of the long-term debt it was forced to take on earlier in the COVID-19 pandemic. Its long-term debt at the end of Q2 2019 was $166.2 million -- by the end of Q2 2020, that figure had exploded to $423.7 million. Now, it's hovering around $299 million -- still significantly above 2019's figure, but the deleveraging continues, and the company also has $85.6 million in cash on hand.
Unlike some companies, Alamo Group continued paying its dividend throughout 2020. It also increased the quarterly per-share payout from $0.13 to $0.14 at the start of this year.
Revenue and earnings growth are likely to persist as orders have continued to pour in, leading to an all-time record backlog in orders. "During the quarter, we saw continued strong customer demand across the entire range of our industrial and agricultural products," Chief Sustainability Officer Dan Malone said during the Q2 earnings conference call on Aug. 5.
2. New trends favor Alamo Group
Despite its negative impact, especially in the first half of 2020, the COVID-19 pandemic also caused some significant shifts in trends that will be beneficial to Alamo now. The company's agricultural equipment sales are specifically improving because of these factors. According to some research, the recent rise in commodity prices will probably boost cash crop income by approximately 30%. This will lift farmers' incomes, enabling more purchases of new equipment.
According to information compiled by Alamo competitor Deere & Co. (NYSE: DE) for its fiscal third-quarter investor presentation, North American sales of large agricultural equipment are expected to rise by 25% during its fiscal 2021, while small equipment will grow by 10%. The forecasts say that Asian sales will increase "significantly," European sales will rise by 10% to 15%, and South American demand for tractors and combines will jump by 20%.
This trend has clearly given Alamo Group's agricultural division a much-needed lift. Earnings reports from before the COVID-19 pandemic showed agriculture vehicle sales declining. In Q2 2019, these sales dropped 6.6% year over year. In the comments accompanying that quarter's report, CEO Ron Robinson said this was because of adverse weather, trade tariffs, and "prolonged soft agricultural commodity prices." In Q1 2020, sector sales dropped 4.4%. However, agricultural equipment sales are hot in 2021, surging by 35% year over year in Q2. Sales are also up from 2019, though direct comparisons are more difficult to make because the company has reorganized how its division sales are reported.
CEO Robinson noted the company's agricultural division "benefited from robust demand for its mowers and agricultural implements from farm and ranch customers." He also said non-governmental purchases in the industrial division had improved, "most notably in our Morbark business which serves the forestry and tree care markets." With more people opting for rural or semi-rural lifestyles, more equipment will be needed to improve land, remove brush to prevent wildfires, and the like. These sales are being driven by the same factors giving the recreational vehicle market a long-term surge, and creating growth for retailer Tractor Supply (NASDAQ: TSCO) as sales of mowers and utility vehicles climb.
Is Alamo looking bullish?
Alamo Group looks like a good pick among lesser-known industrial stocks. Its overall growth both relative to 2020 and as part of a long-term pattern stretching back into 2018 is strong. Its previously weak agricultural division is now thriving because of new but apparently persistent trends. It pays a dividend, and it managed to do so throughout the worst of the pandemic's economic impacts, too. Now, it's turning out record results despite some supply chain issues. Demand for food and forestry products isn't likely to decline any time soon, and the overall outlook for this equipment company is positive into the medium term, and probably longer.
10 stocks we like better than Alamo Group
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 Alamo Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool recommends Tractor Supply. 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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"During the quarter, we saw continued strong customer demand across the entire range of our industrial and agricultural products," Chief Sustainability Officer Dan Malone said during the Q2 earnings conference call on Aug. 5. In the comments accompanying that quarter's report, CEO Ron Robinson said this was because of adverse weather, trade tariffs, and "prolonged soft agricultural commodity prices." Alamo saw orders slump in 2020 due to the impact of the pandemic, among other reasons.
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Alamo saw orders slump in 2020 due to the impact of the pandemic, among other reasons. There are at least two points investors should consider before deciding whether or not to add Alamo Group to their portfolios. Significantly, the company has also paid down much of the long-term debt it was forced to take on earlier in the COVID-19 pandemic.
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New trends favor Alamo Group Despite its negative impact, especially in the first half of 2020, the COVID-19 pandemic also caused some significant shifts in trends that will be beneficial to Alamo now. According to information compiled by Alamo competitor Deere & Co. (NYSE: DE) for its fiscal third-quarter investor presentation, North American sales of large agricultural equipment are expected to rise by 25% during its fiscal 2021, while small equipment will grow by 10%. Alamo saw orders slump in 2020 due to the impact of the pandemic, among other reasons.
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Earnings reports from before the COVID-19 pandemic showed agriculture vehicle sales declining. Alamo saw orders slump in 2020 due to the impact of the pandemic, among other reasons. There are at least two points investors should consider before deciding whether or not to add Alamo Group to their portfolios.
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ec07eba7-8f12-44d1-8421-9db7e6d0f33b
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721445.0
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2021-08-20 00:00:00 UTC
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MRIN Stock: The News That Has Marin Software Shares Surging Friday
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DE
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https://www.nasdaq.com/articles/mrin-stock%3A-the-news-that-has-marin-software-shares-surging-friday-2021-08-20
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Marin Software (NASDAQ:MRIN) stock is on the rise Friday after announcing a new agreement with Criteo.
MRIN) website under magnifying glass." width="300" height="169">
Source: Gil C / Shutterstock.com
Marin Software revealed today that its system is now integrated into Criteo’s Commerce Media Platform. But what exactly does that mean for the company.
To put it simply, it opens up the option of wider use for the company’s MarinOne platform. This is a system that allows for brands to manage and optimize their Criteo Marketing Solution and Retail Media campaigns. that includes on the open web, as well as promoting products on retail websites.
Chris Lien, CEO of Marin Software, said the following about the news boosting MRIN stock higher today.
“Commerce media is one of the most exciting and fastest growing areas of digital marketing. With this integration, we can tap into Criteo’s commerce data and intelligence to further our mission of providing advertisers with seamless access to customers across their customer journey, from the top of the funnel to the point of purchase.”
All of this extra attention has MRIN stock seeing decent activity today. As of this writing, more than 16.5 million shares of the stock have changed hands. That’s not bad, even if it’s below the company’s daily average trading volume of about 25.5 million shares.
MRIN stock was up 10.6% as of Friday morning.
There’s more hotstock newsfor investors to check out below!
It’s a busy Friday with there being plenty of stock market stories worth diving into. Among them are what has Deere (NYSE:DE) stock on the move, Naked Brand (NASDAQ:NAKD) merger plans, as well as the Tesla (NASDAQ:TSLA) Bot announcement. You can learn more about these topics at the following links!
More Friday Stock Market News
DE Stock: 8 Things That Deere Investors Should Be Smiling About Today
Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today
Tesla Bot: 11 Things We Know About Elon Musk’s Humanoid Robot Plans
On the date of publication, William White 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.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed
The post MRIN Stock: The News That Has Marin Software Shares Surging Friday appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. MRIN) website under magnifying glass." To put it simply, it opens up the option of wider use for the company’s MarinOne platform.
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Among them are what has Deere (NYSE:DE) stock on the move, Naked Brand (NASDAQ:NAKD) merger plans, as well as the Tesla (NASDAQ:TSLA) Bot announcement. More Friday Stock Market News DE Stock: 8 Things That Deere Investors Should Be Smiling About Today Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today Tesla Bot: 11 Things We Know About Elon Musk’s Humanoid Robot Plans On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. MRIN) website under magnifying glass."
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More Friday Stock Market News DE Stock: 8 Things That Deere Investors Should Be Smiling About Today Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today Tesla Bot: 11 Things We Know About Elon Musk’s Humanoid Robot Plans On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. MRIN) website under magnifying glass." To put it simply, it opens up the option of wider use for the company’s MarinOne platform.
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With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. MRIN) website under magnifying glass." To put it simply, it opens up the option of wider use for the company’s MarinOne platform.
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721446.0
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2021-08-20 00:00:00 UTC
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US STOCKS-Wall Street rallies as Fed jitters wane, but ends down for the week
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-rallies-as-fed-jitters-wane-but-ends-down-for-the-week-2021-08-20
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By Stephen Culp
NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher on Friday, closing a tumultuous week on easing concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected.
While all three major U.S. indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the Dow away from a string of record closing highs.
"Towards the beginning of the week you saw traders balancing their books ahead of the Fed statement," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. "And once the statement came out, you saw a bit of 'sell the rumor buy the news.'"
Market-leading tech and tech-adjacent megacaps, which weathered the pandemic recession better than most, once again provided the biggest lift.
Growth stocks were also given a boost by U.S. Treasury yields, which ended the week lower due to concerns the health crisis could be a longer than expected hindrance to economic revival. US/
Announcements from a host of Asian nations that they are implementing drastic measures to curb the resurgence of COVID-19 due to the rise of the disease's highly contagious Delta variant, put a damper on stocks associated with economic re-engagement.
Mixed economic data from the U.S. and China suggested the ongoing recovery from the most abrupt recession on record has passed its peak and lost some momentum.
Market participants now look to next week's Jackson Hole Symposium in Wyoming, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
"We’ve seen times in history where the Jackson Hole Symposium has drawn a lot of eyeballs but this year more so," Keator added. "The Fed might use this opportunity to communicate what their plan is going forward."
The Dow Jones Industrial Average .DJI rose 225.96 points, or 0.65%, to 35,120.08, the S&P 500 .SPX gained 35.87 points, or 0.81%, to 4,441.67 and the Nasdaq Composite .IXIC added 172.88 points, or 1.19%, to 14,714.66.
All 11 major sectors of the S&P 500 ended the session higher, with tech stocks .SPLRCT and utilities .SPLRCU enjoying the largest percentage gains.
Second-quarter reporting season has essentially run its course, with 476 of the companies in the S&P 500 having posted results. Of those, 87.4% have beaten consensus, according to Refinitiv data.
Farm and construction equipment manufacturer Deere & Co DE.N beat quarterly profit expectations and raised its full year guidance due to robust demand . Still, its shares ended the session down 2.1%.
Bristol-Myers Squibb BMY.N advanced 1% after the U.S. Food and Drug Administration approved the drugmaker's cancer drug Opdivo.
U.S.-listed shares of China-based tech-related companies oscillated market participants as they digested recent sell-offs resulting from Beijing's ongoing regulatory crackdown, which has wiped half a trillion dollars from Chinese markets this week.
Alibaba Holding Group BABA.K closed down 1.6%, while Tencent Music Entertainment Group TME.N, Didi Global DIDI.K and iQiyi Inc IQ.O gained between 1.6% and 3.7%.
Advancing issues outnumbered declining ones on the NYSE by a 2.37-to-1 ratio; on Nasdaq, a 2.21-to-1 ratio favored advancers.
The S&P 500 posted 50 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 59 new highs and 200 new lows.
Volume on U.S. exchanges was 8.72 billion shares, compared with the 9.21 billion average over the last 20 trading days.
(Reporting by Stephen Culp; Additional reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Aurora Ellis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growth stocks were also given a boost by U.S. Treasury yields, which ended the week lower due to concerns the health crisis could be a longer than expected hindrance to economic revival. US/ Announcements from a host of Asian nations that they are implementing drastic measures to curb the resurgence of COVID-19 due to the rise of the disease's highly contagious Delta variant, put a damper on stocks associated with economic re-engagement. Market participants now look to next week's Jackson Hole Symposium in Wyoming, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
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Market participants now look to next week's Jackson Hole Symposium in Wyoming, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening. The Dow Jones Industrial Average .DJI rose 225.96 points, or 0.65%, to 35,120.08, the S&P 500 .SPX gained 35.87 points, or 0.81%, to 4,441.67 and the Nasdaq Composite .IXIC added 172.88 points, or 1.19%, to 14,714.66. The S&P 500 posted 50 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 59 new highs and 200 new lows.
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By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher on Friday, closing a tumultuous week on easing concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected. While all three major U.S. indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the Dow away from a string of record closing highs. Market participants now look to next week's Jackson Hole Symposium in Wyoming, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
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Market participants now look to next week's Jackson Hole Symposium in Wyoming, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening. Still, its shares ended the session down 2.1%. By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher on Friday, closing a tumultuous week on easing concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected.
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fa7d2405-2487-40ce-8fd6-14a05075e51b
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721447.0
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2021-08-20 00:00:00 UTC
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US STOCKS-Wall Street rallies as Fed jitters ease, but posts weekly loss
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-rallies-as-fed-jitters-ease-but-posts-weekly-loss-2021-08-20
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nan
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nan
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By Stephen Culp
NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher at the close of a tumultuous week on waning concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected.
While all three major U.S. indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the Dow away from a string of record closing highs.
"Towards the beginning of the week you saw traders balancing their books ahead of the Fed statement," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. "And once the statement came out, you saw a bit of 'sell the rumor buy the news.'"
Market-leading tech and tech-adjacent megacaps, which weathered the pandemic recession better than most, once again provided the biggest boost.
Growth stocks were also given a boost by U.S. Treasury yields, which ended the week lower due to concerns the health crisis could be a longer than expected hindrance to economic revival. US/
Announcements from a host of Asian nations that they are implementing drastic measures to curb the resurgence of COVID-19 due to the rise of the disease's highly contagious Delta variant, put a damper on stocks associated with economic re-engagement.
Mixed economic data from the U.S. and China suggested the ongoing recovery from the most abrupt recession on record has passed its peak and lost some momentum.
Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
"We’ve seen times in history where the Jackson Hole Symposium has drawn a lot of eyeballs but this year more so," Keator added. "The Fed might use this opportunity to communicate what their plan is going forward."
Unofficially, the Dow Jones Industrial Average .DJI rose 222.15 points, or 0.64%, to 35,116.27, the S&P 500 .SPX gained 35.79 points, or 0.81%, to 4,441.59 and the Nasdaq Composite .IXIC added 169.95 points, or 1.17%, to 14,711.73.
All 11 major sectors of the S&P 500 ended the session higher.
Second-quarter reporting season has essentially run its course, with 476 of the companies in the S&P 500 having posted results. Of those, 87.4% have beaten consensus, according to Refinitiv data.
Farm and construction equipment manufacturer Deere & Co DE.N beat quarterly profit expectations and raised its full year guidance due to robust demand . Still, its shares lost ground.
Bristol-Myers Squibb BMY.N advanced after the U.S. Food and Drug Administration approved the drugmaker's cancer drug Opdivo.
U.S.-listed shares of China-based tech-related companies oscillated as market participants digested recent sell-offs resulting from Beijing's ongoing regulatory crackdown, which has wiped half a trillion dollars from Chinese markets this week.
(Reporting by Stephen Culp; Additional reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Aurora Ellis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and 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 all three major U.S. indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the Dow away from a string of record closing highs. US/ Announcements from a host of Asian nations that they are implementing drastic measures to curb the resurgence of COVID-19 due to the rise of the disease's highly contagious Delta variant, put a damper on stocks associated with economic re-engagement. Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
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While all three major U.S. indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the Dow away from a string of record closing highs. Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening. By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher at the close of a tumultuous week on waning concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected.
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By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher at the close of a tumultuous week on waning concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected. "Towards the beginning of the week you saw traders balancing their books ahead of the Fed statement," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
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Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening. By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street rallied to close sharply higher at the close of a tumultuous week on waning concerns over whether the U.S. Federal Reserve could begin tightening its dovish monetary policy sooner than expected. While all three major U.S. indexes ended solidly green, all posted weekly losses after a steep mid-week sell-off pulled the S&P 500 and the Dow away from a string of record closing highs.
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04213924-e86c-46c9-bfd0-6d3e8deb4418
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721448.0
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2021-08-20 00:00:00 UTC
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US STOCKS-Wall Street bounces back as taper jitters fade
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-street-bounces-back-as-taper-jitters-fade-2021-08-20
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nan
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nan
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By Stephen Culp
NEW YORK, Aug 20 (Reuters) - Wall Street capped a tumultuous week with a broad-based rally as investors largely shrugged off the looming threat of the COVID-19 Delta variant and signals from the U.S. Federal Reserve that it could begin tightening its dovish monetary policy sooner than expected.
While all three major U.S. indexes were in positive territory, all were on course to post weekly losses after a steep sell-off pulled the S&P 500 and the Dow Industrial away from a string of record closing highs.
"We've seen some profit taking since Aug. 16, and today we're seeing some buying on that dip, in the belief that we’re still headed higher," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
Market-leading tech and tech-adjacent megacaps, which weathered the pandemic recession better than most, were once again doing the heavy lifting.
Growth stocks were also given a boost by U.S. Treasury yields, which were on track end the week lower due to concerns the health crisis could be a longer than expected hindrance to economic revival. US/
Announcements from a host of Asian nations that they are implementing drastic measures to curb the resurgence of COVID-19 due to the rise of the disease's highly contagious Delta variant, put a damper on stocks associated with economic re-engagement.
Mixed economic data from the U.S. and China suggested the ongoing recovery from the most abrupt recession on record has passed its peak and lost some momentum.
Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
"We’ll see a mix of opinions, but the focus will be on the Delta variant, the economy, the supply chain and global events," Ghriskey added. "There’s definitely concern about the Delta variant and the potential timeline of the economic recovery."
The Dow Jones Industrial Average .DJI rose 231.2 points, or 0.66%, to 35,125.32, the S&P 500 .SPX gained 33.31 points, or 0.76%, to 4,439.11 and the Nasdaq Composite .IXIC added 154.35 points, or 1.06%, to 14,696.14.
All 11 major sectors in the S&P 500 were green, with tech stocks .SPLRCT and utilities .SPLRCU enjoying the largest percentage gains.
Second-quarter reporting season has essentially run its course, with 476 of the companies in the S&P 500 having posted results. Of those, 87.4% have beaten consensus, according to Refinitiv data.
Farm and construction equipment manufacturer Deere & Co DE.N beat quarterly profit expectations and raised its full year guidance due to robust demand . Still, its shares dipped 2.1%.
Bristol-Myers Squibb BMY.N advanced about 1% after the U.S. Food and Drug Administration approved the drugmaker's cancer drug Opdivo.
U.S.-listed shares of China-based tech-related companies oscillated as market participants digested recent sell-offs resulting from Beijing's ongoing regulatory crackdown, which has wiped half a trillion dollars from Chinese markets this week.
Alibaba Holding Group BABA.K was last off about 1.5%, while Tencent Music Entertainment Group TME.N, Didi Global DIDI.K and iQiyi Inc IQ.O advanced between 1% and 5%.
Advancing issues outnumbered declining ones on the NYSE by a 2.36-to-1 ratio; on Nasdaq, a 2.19-to-1 ratio favored advancers.
The S&P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 53 new highs and 169 new lows.
(Reporting by Stephen Culp; Additional reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Aurora Ellis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and 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 Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street capped a tumultuous week with a broad-based rally as investors largely shrugged off the looming threat of the COVID-19 Delta variant and signals from the U.S. Federal Reserve that it could begin tightening its dovish monetary policy sooner than expected. US/ Announcements from a host of Asian nations that they are implementing drastic measures to curb the resurgence of COVID-19 due to the rise of the disease's highly contagious Delta variant, put a damper on stocks associated with economic re-engagement. Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening.
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The Dow Jones Industrial Average .DJI rose 231.2 points, or 0.66%, to 35,125.32, the S&P 500 .SPX gained 33.31 points, or 0.76%, to 4,439.11 and the Nasdaq Composite .IXIC added 154.35 points, or 1.06%, to 14,696.14. The S&P 500 posted 44 new 52-week highs and no new lows; the Nasdaq Composite recorded 53 new highs and 169 new lows. By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street capped a tumultuous week with a broad-based rally as investors largely shrugged off the looming threat of the COVID-19 Delta variant and signals from the U.S. Federal Reserve that it could begin tightening its dovish monetary policy sooner than expected.
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By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street capped a tumultuous week with a broad-based rally as investors largely shrugged off the looming threat of the COVID-19 Delta variant and signals from the U.S. Federal Reserve that it could begin tightening its dovish monetary policy sooner than expected. Market participants now look to next week's Jackson Hole Symposium, a gathering of major central bank leaders, for clues from Fed Chair Jerome Powell regarding the expected pace of recovery and the timeline for policy tightening. While all three major U.S. indexes were in positive territory, all were on course to post weekly losses after a steep sell-off pulled the S&P 500 and the Dow Industrial away from a string of record closing highs.
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"There’s definitely concern about the Delta variant and the potential timeline of the economic recovery." By Stephen Culp NEW YORK, Aug 20 (Reuters) - Wall Street capped a tumultuous week with a broad-based rally as investors largely shrugged off the looming threat of the COVID-19 Delta variant and signals from the U.S. Federal Reserve that it could begin tightening its dovish monetary policy sooner than expected. While all three major U.S. indexes were in positive territory, all were on course to post weekly losses after a steep sell-off pulled the S&P 500 and the Dow Industrial away from a string of record closing highs.
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4ee07f53-330e-4c8b-8288-e8a9acf17024
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721449.0
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2021-08-20 00:00:00 UTC
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US STOCKS-Wall St rebounds on tech support, but heads for weekly losses
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DE
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https://www.nasdaq.com/articles/us-stocks-wall-st-rebounds-on-tech-support-but-heads-for-weekly-losses-2021-08-20
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nan
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By Devik Jain
Aug 20 (Reuters) - Wall Street's main indexes rose on Friday, boosted by tech stocks in a broad-based rally, although concerns over a slowing economic recovery and the possible tapering of stimulus saw the indexes on course for weekly losses.
Facebook Inc FB.O, Apple Inc AAPL.O, Google-owner Alphabet Inc GOOGL.O, Nvidia Corp NVDA.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O which had led Wall Street's record rally from pandemic lows last year, gained between 0.7% and 3.5%.
Global equities took a backseat this week, with U.S. stocks slipping from record highs as a rapid rise in coronavirus cases globally added to concerns about downbeat Chinese economic data and the outlook for U.S. stimulus.
The Federal Reserve's annual research conference in Jackson Hole, Wyoming, next week will be closely watched after minutes from the central bank's last policy meeting showed officials largely expect to reduce unprecedented stimulus measures.
Technology .SPLRCT, utilities .SPLRCU and materials .SPLRCM led gains on Friday, with all the 11 major S&P sectors trading higher.
The S&P healthcare sector .SPXHC has gained nearly 1.9% so far this week, the most among the major sectors.
Growth shares were also buttressed by U.S. Treasury yields, which were set to end the week lower on fears that the spread of COVID-19 variants would slow economic normalization. US/
"This is a better environment for the tech stocks. The environment for tech on macro picture is probably brightening to some degree as the economy begins to show signs of growth, but at a slower pace," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.
"This market is still trying to feel its way around. There's no directional leadership coming out of any particular group, aside from maybe the healthcare space."
Tech stocks are particularly sensitive to rising yields because their value rests heavily on future earnings, which are discounted more deeply when bond returns go up.
At 12:43 a.m. ET, the Dow Jones Industrial Average .DJI was up 266.40 points, or 0.76%, at 35,160.52, the S&P 500 .SPX was up 34.59 points, or 0.79%, at 4,440.39, and the Nasdaq Composite .IXIC was up 145.12 points, or 1.00%, at 14,686.91.
For the week, the blue-chip Dow .DJI and the benchmark S&P 500 .SPX are down about 1% and 0.6% respectively, while the tech-heavy Nasdaq .IXIC has fallen 0.9%, the most since July 30.
Deere & Co DE.N fell 2.5% even after it beat Wall Street estimates for third-quarter revenue and lifted its full-year earnings forecast on strong demand for farm and construction equipment.
Bristol-Myers Squibb BMY.N rose 1.1% after the U.S. FDA approved the drugmaker's blockbuster cancer drug, Opdivo, for patients with high-risk urothelial carcinoma.
Advancing issues outnumbered decliners by a 2.63-to-1 ratio on the NYSE and by a 2.36-to-1 ratio on the Nasdaq.
The S&P index recorded 42 new 52-week highs and no new low, while the Nasdaq recorded 46 new highs and 162 new lows.
(Reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Subhranshu Sahu, Maju Samuel and Aditya Soni)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Federal Reserve's annual research conference in Jackson Hole, Wyoming, next week will be closely watched after minutes from the central bank's last policy meeting showed officials largely expect to reduce unprecedented stimulus measures. The environment for tech on macro picture is probably brightening to some degree as the economy begins to show signs of growth, but at a slower pace," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. Deere & Co DE.N fell 2.5% even after it beat Wall Street estimates for third-quarter revenue and lifted its full-year earnings forecast on strong demand for farm and construction equipment.
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By Devik Jain Aug 20 (Reuters) - Wall Street's main indexes rose on Friday, boosted by tech stocks in a broad-based rally, although concerns over a slowing economic recovery and the possible tapering of stimulus saw the indexes on course for weekly losses. Facebook Inc FB.O, Apple Inc AAPL.O, Google-owner Alphabet Inc GOOGL.O, Nvidia Corp NVDA.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O which had led Wall Street's record rally from pandemic lows last year, gained between 0.7% and 3.5%. The S&P index recorded 42 new 52-week highs and no new low, while the Nasdaq recorded 46 new highs and 162 new lows.
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By Devik Jain Aug 20 (Reuters) - Wall Street's main indexes rose on Friday, boosted by tech stocks in a broad-based rally, although concerns over a slowing economic recovery and the possible tapering of stimulus saw the indexes on course for weekly losses. Global equities took a backseat this week, with U.S. stocks slipping from record highs as a rapid rise in coronavirus cases globally added to concerns about downbeat Chinese economic data and the outlook for U.S. stimulus. The S&P index recorded 42 new 52-week highs and no new low, while the Nasdaq recorded 46 new highs and 162 new lows.
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The S&P index recorded 42 new 52-week highs and no new low, while the Nasdaq recorded 46 new highs and 162 new lows. By Devik Jain Aug 20 (Reuters) - Wall Street's main indexes rose on Friday, boosted by tech stocks in a broad-based rally, although concerns over a slowing economic recovery and the possible tapering of stimulus saw the indexes on course for weekly losses. Facebook Inc FB.O, Apple Inc AAPL.O, Google-owner Alphabet Inc GOOGL.O, Nvidia Corp NVDA.O, Tesla Inc TSLA.O and Microsoft Corp MSFT.O which had led Wall Street's record rally from pandemic lows last year, gained between 0.7% and 3.5%.
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aea56ea0-e440-49bf-a8c3-4c42c96daaee
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721450.0
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2021-08-20 00:00:00 UTC
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GOVX Stock: Why GeoVax Shares Are Skyrocketing Today
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DE
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https://www.nasdaq.com/articles/govx-stock%3A-why-geovax-shares-are-skyrocketing-today-2021-08-20
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Geovax Labs (NASDAQ:GOVX) stock is soaring higher on Friday after the company presented COVID-19 vaccine data at the European Society of Medicine (ESMED) General Assembly.
Source: Shutterstock
The big news from Geovax is its work on coronavirus vaccines using its novel Modified Virus Ankara – Virus Like Particle platform. The company believes that this will allow for the creation of vaccines that have the potential to fend off various variants of the virus.
According to Geovax Labs, this is possible via the inclusion of sequence-conserved nonstructural proteins. These could provide targets for T-cell responses, which could “breadth and function of vaccine-induced immune responses.”
Geovax Labs notes that this means it could potentially create a universal vaccine that could defend against current and future strains of the coronavirus. If so, that could see it outdoing current vaccines, which haven’t been doing so hot against new COVID-19 variants that are popping up.
7 Infrastructure Stocks to Buy as the $1 Trillion Flows In
Mark J. Newman, Ph.D., CSO of Geovax Labs, said this in the presentation boosting GOVX stock today.
“Our studies to date support the use of MVA as a vector for the design and production of next-generation vaccines encoding multiple coronavirus proteins, using the S protein as the antibody target and the M and E proteins as T-cell targets. The combination of S, M and E protein expression supports VLP formation and optimal immunogenicity. In our studies, we observed the induction of functional antibodies and T-cell responses that mediate protection from infection and pathogenesis.”
It’s no surprise that GOVX stock is seeing heavy trading on today’s news. As of this writing, more than 71 million shares of the stock have changed hands. That’s quite the surge compared to its daily average trading volume of about 766,000 shares.
GOVX stock was up 49.8% as of Friday afternoon.
There’s more recentstock market newsfor traders to check out below!
Investors looking for all the hotteststock market newsare in luck. We’ve got a nice collection of stock stories from Friday to check out. It covers the likes of Marin Software (NASDAQ:MRIN), Deere (NYSE:DE), and Naked Brand (NASDAQ:NAKD) shares. You can find all of that at the following links!
More Stock Market News for Friday
MRIN Stock: The News That Has Marin Software Shares Surging Friday
DE Stock: 8 Things That Deere Investors Should Be Smiling About Today
Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today
On the date of publication, William White 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.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed
The post GOVX Stock: Why GeoVax Shares Are Skyrocketing Today 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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These could provide targets for T-cell responses, which could “breadth and function of vaccine-induced immune responses.” Geovax Labs notes that this means it could potentially create a universal vaccine that could defend against current and future strains of the coronavirus. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. “Our studies to date support the use of MVA as a vector for the design and production of next-generation vaccines encoding multiple coronavirus proteins, using the S protein as the antibody target and the M and E proteins as T-cell targets.
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It covers the likes of Marin Software (NASDAQ:MRIN), Deere (NYSE:DE), and Naked Brand (NASDAQ:NAKD) shares. More Stock Market News for Friday MRIN Stock: The News That Has Marin Software Shares Surging Friday DE Stock: 8 Things That Deere Investors Should Be Smiling About Today Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. These could provide targets for T-cell responses, which could “breadth and function of vaccine-induced immune responses.” Geovax Labs notes that this means it could potentially create a universal vaccine that could defend against current and future strains of the coronavirus.
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More Stock Market News for Friday MRIN Stock: The News That Has Marin Software Shares Surging Friday DE Stock: 8 Things That Deere Investors Should Be Smiling About Today Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. These could provide targets for T-cell responses, which could “breadth and function of vaccine-induced immune responses.” Geovax Labs notes that this means it could potentially create a universal vaccine that could defend against current and future strains of the coronavirus. “Our studies to date support the use of MVA as a vector for the design and production of next-generation vaccines encoding multiple coronavirus proteins, using the S protein as the antibody target and the M and E proteins as T-cell targets.
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“Our studies to date support the use of MVA as a vector for the design and production of next-generation vaccines encoding multiple coronavirus proteins, using the S protein as the antibody target and the M and E proteins as T-cell targets. More Stock Market News for Friday MRIN Stock: The News That Has Marin Software Shares Surging Friday DE Stock: 8 Things That Deere Investors Should Be Smiling About Today Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
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2021-08-20 00:00:00 UTC
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DE Stock: 8 Things That Deere Investors Should Be Smiling About Today
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DE
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https://www.nasdaq.com/articles/de-stock%3A-8-things-that-deere-investors-should-be-smiling-about-today-2021-08-20
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Deere (NYSE:DE) stock is on a wild ride today after starting off strong this morning with its earnings report for the third quarter of 2021.
Source: Jonathan Weiss / Shutterstock.com
Let’s dive into that news below to see why shares of DE stock are on the move today.
Deere starts off the earnings report strong with fully diluted earnings per share of $5.32.
That easily beats out Wall Street’s diluted earnings per share estimate of $4.57 for the quarter.
It’s also a massive jump compared to the company’s diluted EPS of $2.57 from the same time last year.
That also comes with a revenue of $11.53 billion for Q3 2021.
Yet again, that smokes analysts’ estimates, which was sitting at $10.3 billion.
It’s also a 29% increase over the company’s revenue of $8.93 billion from the same period of the year prior.
Another noteworthy number is Deere’s net income of $1.67 billion.
That’s a 106% year-over-year increase from $811 million.
7 Infrastructure Stocks to Buy as the $1 Trillion Flows In
John May, chairman and CEO of Deere, said the following in the earnings report moving DE stock today.
“Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals. We are, at the same time, excited by the growing engagement with our digital platform, the John Deere Operations Center, as well as continued adoption of precision technologies, which unlock greater value for our customers.”
DE stock is seeing heavy trading this morning following its earnings release. That’s resulted in nearly 2 million shares of the stock changing hands. This is already above its daily average trading volume of about 1.7 million shares.
DE stock was down 2.6% as of Friday morning but was up significantly at the start of trading today.
Investors looking for morestock market newsfrom today will want to keep reading!
We’ve got thestock market newsthat traders need to know about for Friday. A few examples to consider clicking on include Naked Brand (NASDAQ:NAKD) merger talks, the Tesla (NASDAQ:TSLA) Bot announcement, as well as what to expect from the market today. You can find the links for those stories below!
More Friday Stock Market News
Naked Brand Merger: Why NAKD Stock Investors Are Pushing Shares Higher Today
Tesla Bot: 11 Things We Know About Elon Musk’s Humanoid Robot Plans
What Will the Stock Market Do Today, Aug. 20? 3 Big Stories to Watch.
On the date of publication, William White 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 DE Stock: 8 Things That Deere Investors Should Be Smiling About Today 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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Source: Jonathan Weiss / Shutterstock.com Let’s dive into that news below to see why shares of DE stock are on the move today. We are, at the same time, excited by the growing engagement with our digital platform, the John Deere Operations Center, as well as continued adoption of precision technologies, which unlock greater value for our customers.” DE stock is seeing heavy trading this morning following its earnings release. The post DE Stock: 8 Things That Deere Investors Should Be Smiling About Today appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deere (NYSE:DE) stock is on a wild ride today after starting off strong this morning with its earnings report for the third quarter of 2021. 7 Infrastructure Stocks to Buy as the $1 Trillion Flows In John May, chairman and CEO of Deere, said the following in the earnings report moving DE stock today. Source: Jonathan Weiss / Shutterstock.com Let’s dive into that news below to see why shares of DE stock are on the move today.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deere (NYSE:DE) stock is on a wild ride today after starting off strong this morning with its earnings report for the third quarter of 2021. 7 Infrastructure Stocks to Buy as the $1 Trillion Flows In John May, chairman and CEO of Deere, said the following in the earnings report moving DE stock today. Source: Jonathan Weiss / Shutterstock.com Let’s dive into that news below to see why shares of DE stock are on the move today.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Deere (NYSE:DE) stock is on a wild ride today after starting off strong this morning with its earnings report for the third quarter of 2021. DE stock was down 2.6% as of Friday morning but was up significantly at the start of trading today. Source: Jonathan Weiss / Shutterstock.com Let’s dive into that news below to see why shares of DE stock are on the move today.
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2021-08-20 00:00:00 UTC
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US STOCKS-S&P 500, Dow set for worst week in 2 mths on recovery, taper fears
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-set-for-worst-week-in-2-mths-on-recovery-taper-fears-2021-08-20
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By Devik Jain
Aug 20 (Reuters) - Wall Street's main indexes were set to open lower on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus put the Dow and the S&P 500 on course for their worst week since mid-June.
Oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N slipped 0.9% each, tracking steep losses in crude prices, while shares of major Wall Street banks dropped in premarket trading. O/R
The S&P 500 energy sector .SPNY is down about 7.6% this week, the most among all the 11 major S&P sectors.
Travel-related stocks including cruiseliners NCLH.N, CCL.N, RCL.N dropped more than 1%, while airlines stocks fell as Asian countries announced more drastic curbs and longer lockdowns for citizens to fight a surge in infection caused by the highly infectious Delta variant of the coronavirus.
"The growing concerns of the weakening economy, the Fed tapering, and the Delta variant were at the front of traders' minds and when you mix all of that together with the seasonally weak August and coming September period, it all added up to one of the worst weeks we've seen in a couple of months," said Ryan Detrick, senior market strategist at LPL Financial.
Global equities took a backseat this week, with U.S. stocks slipping from record highs as downbeat economic data from China compounded concerns regarding the outlook for U.S. stimulus.
Minutes from the Federal Reserve's last policy meeting showed officials largely expect to reduce the central bank's emergency monthly purchases of $120 billion of Treasury bonds and mortgage-backed securities later this year, amid a recovery in the jobs market.
Focus is now on the Fed's annual research conference in Jackson Hole, Wyoming, next week for any read about the central bank's next steps.
"The market is so hypersensitive over tapering ... the odds of more volatility around it are stronger, just because we're so hyper focused on Fed policy right now," Detrick said
At 8:23 a.m. ET, Dow e-minis 1YMcv1 were down 141 points, or 0.4%, S&P 500 e-minis EScv1 were down 14.75 points, or 0.34%, and Nasdaq 100 e-minis NQcv1 were down 2 points, or 0.01%.
The CBOE Market Volatility Index .VIX, also known as Wall Street's fear gauge, was trading near one-month highs.
For the week, the blue-chip Dow .DJI and the benchmark S&P 500 .SPX are down about 1.7% and 1.4% respectively, while the tech-heavy Nasdaq .IXIC has fallen 1.9%, its worst since mid-May.
Deere & Co DE.N rose 1% after it beat Wall Street estimates for third-quarter revenue and lifted its full-year earnings forecast on strong demand for farm and construction equipment.
The Invesco Golden Dragon China ETF PGJ.O was set for its eighth straight weekly loss - its longest losing streak in a decade - on concerns over China's widening crackdown on sectors ranging from technology to luxury goods makers.
E-commerce giant Alibaba Holdings BABA.N has lost about $76 billion of its market value in the past four days and is headed for its worst week ever.
(Reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Subhranshu Sahu and Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and 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 Devik Jain Aug 20 (Reuters) - Wall Street's main indexes were set to open lower on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus put the Dow and the S&P 500 on course for their worst week since mid-June. "The growing concerns of the weakening economy, the Fed tapering, and the Delta variant were at the front of traders' minds and when you mix all of that together with the seasonally weak August and coming September period, it all added up to one of the worst weeks we've seen in a couple of months," said Ryan Detrick, senior market strategist at LPL Financial. Minutes from the Federal Reserve's last policy meeting showed officials largely expect to reduce the central bank's emergency monthly purchases of $120 billion of Treasury bonds and mortgage-backed securities later this year, amid a recovery in the jobs market.
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By Devik Jain Aug 20 (Reuters) - Wall Street's main indexes were set to open lower on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus put the Dow and the S&P 500 on course for their worst week since mid-June. Oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N slipped 0.9% each, tracking steep losses in crude prices, while shares of major Wall Street banks dropped in premarket trading. Travel-related stocks including cruiseliners NCLH.N, CCL.N, RCL.N dropped more than 1%, while airlines stocks fell as Asian countries announced more drastic curbs and longer lockdowns for citizens to fight a surge in infection caused by the highly infectious Delta variant of the coronavirus.
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By Devik Jain Aug 20 (Reuters) - Wall Street's main indexes were set to open lower on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus put the Dow and the S&P 500 on course for their worst week since mid-June. "The growing concerns of the weakening economy, the Fed tapering, and the Delta variant were at the front of traders' minds and when you mix all of that together with the seasonally weak August and coming September period, it all added up to one of the worst weeks we've seen in a couple of months," said Ryan Detrick, senior market strategist at LPL Financial. The Invesco Golden Dragon China ETF PGJ.O was set for its eighth straight weekly loss - its longest losing streak in a decade - on concerns over China's widening crackdown on sectors ranging from technology to luxury goods makers.
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Global equities took a backseat this week, with U.S. stocks slipping from record highs as downbeat economic data from China compounded concerns regarding the outlook for U.S. stimulus. "The market is so hypersensitive over tapering ... the odds of more volatility around it are stronger, just because we're so hyper focused on Fed policy right now," Detrick said At 8:23 a.m. The CBOE Market Volatility Index .VIX, also known as Wall Street's fear gauge, was trading near one-month highs.
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721453.0
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2021-08-20 00:00:00 UTC
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Deere Q3 Profit Tops Estimates; Lifts FY Profit View
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https://www.nasdaq.com/articles/deere-q3-profit-tops-estimates-lifts-fy-profit-view-2021-08-20
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(RTTNews) - Deere & Co. (DE) reported that its third-quarter net income climbed to $1.667 billion or $5.32 per share, from $811 million or $2.57 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $4.57 per share for the quarter. Analysts' estimates typically exclude special items. Worldwide net sales and revenues increased 29 percent year-over-year to $11.53 billion. Analysts expected revenues of $10.30 billion for the quarter.
The company said it raised its full-year earnings forecast, reflecting robust market conditions.
The company now projects net income attributable to the company for fiscal 2021 to be in a range of $5.7 billion to $5.9 billion, compared to the prior outlook of $5.3 billion to $5.7 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Worldwide net sales and revenues increased 29 percent year-over-year to $11.53 billion. (RTTNews) - Deere & Co. (DE) reported that its third-quarter net income climbed to $1.667 billion or $5.32 per share, from $811 million or $2.57 per share last year. Analysts' estimates typically exclude special items.
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(RTTNews) - Deere & Co. (DE) reported that its third-quarter net income climbed to $1.667 billion or $5.32 per share, from $811 million or $2.57 per share last year. Analysts' estimates typically exclude special items. Worldwide net sales and revenues increased 29 percent year-over-year to $11.53 billion.
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(RTTNews) - Deere & Co. (DE) reported that its third-quarter net income climbed to $1.667 billion or $5.32 per share, from $811 million or $2.57 per share last year. Analysts' estimates typically exclude special items. Worldwide net sales and revenues increased 29 percent year-over-year to $11.53 billion.
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Analysts' estimates typically exclude special items. (RTTNews) - Deere & Co. (DE) reported that its third-quarter net income climbed to $1.667 billion or $5.32 per share, from $811 million or $2.57 per share last year. Worldwide net sales and revenues increased 29 percent year-over-year to $11.53 billion.
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2021-08-20 00:00:00 UTC
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Deere And Co Q3 21 Earnings Conference Call At 10:00 AM ET
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https://www.nasdaq.com/articles/deere-and-co-q3-21-earnings-conference-call-at-10%3A00-am-et-2021-08-20
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(RTTNews) - Deere And Co. (DE) will host a conference call at 10:00 AM ET on August 20, 2021, to discuss Q3 21 earnings results.
To access the live webcast, log on to https://investor.deere.com/home/#earnings-events
The views and 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 August 20, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://investor.deere.com/home/#earnings-events The views and 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 August 20, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://investor.deere.com/home/#earnings-events The views and 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 August 20, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://investor.deere.com/home/#earnings-events The views and 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 August 20, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://investor.deere.com/home/#earnings-events The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2021-08-20 00:00:00 UTC
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Deere And Co Reveals Gain In Q3 Bottom Line, Beats estimates
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https://www.nasdaq.com/articles/deere-and-co-reveals-gain-in-q3-bottom-line-beats-estimates-2021-08-20
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(RTTNews) - Deere And Co (DE) reported a profit for its third quarter that increased from last year.
The company's profit totaled $1.67 billion, or $5.32 per share. This compares with $0.81 billion, or $2.57 per share, in last year's third quarter.
Analysts had expected the company to earn $4.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 29.1% to $11.53 billion from $8.93 billion last year.
Deere And Co earnings at a glance:
-Earnings (Q3): $1.67 Bln. vs. $0.81 Bln. last year. -EPS (Q3): $5.32 vs. $2.57 last year. -Analysts Estimate: $4.57 -Revenue (Q3): $11.53 Bln vs. $8.93 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Deere And Co (DE) reported a profit for its third quarter that increased from last year. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance: -Earnings (Q3): $1.67 Bln.
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(RTTNews) - Deere And Co (DE) reported a profit for its third quarter that increased from last year. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance: -Earnings (Q3): $1.67 Bln.
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(RTTNews) - Deere And Co (DE) reported a profit for its third quarter that increased from last year. Analysts' estimates typically exclude special items. Deere And Co earnings at a glance: -Earnings (Q3): $1.67 Bln.
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(RTTNews) - Deere And Co (DE) reported a profit for its third quarter that increased from last year. Deere And Co earnings at a glance: -Earnings (Q3): $1.67 Bln. Analysts' estimates typically exclude special items.
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2021-08-20 00:00:00 UTC
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Deere lifts 2021 forecast on solid demand for farm, construction equipment
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https://www.nasdaq.com/articles/deere-lifts-2021-forecast-on-solid-demand-for-farm-construction-equipment-2021-08-20
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Compares with estimates, adds 2021 forecast
Aug 20 (Reuters) - Deere & Co DE.N beat Wall Street estimates for third-quarter revenue on Friday and lifted its full-year earnings forecast on strong demand for farm and construction equipment.
The farm equipment maker now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range of $5.3 billion and $5.7 billion forecast in May.
"Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals," Deere Chief Executive Officer John May said.
Demand has rebounded for farm machine and construction equipment as farmers replace their aging fleets, but pandemic-led disruptions along the supply chain have proved challenging for agricultural equipment makers.
Revenue in the company's equipment operations rose 32.5% to $10.41 billion. Total revenue jumped 29.2% to $11.53 billion, above analysts' estimates of $10.31 billion, according to Refinitiv data.
Net income attributable to the company rose to $1.67 billion, or $5.32 per share, in the third quarter, from $811 million, or $2.57 per share, a year earlier.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Compares with estimates, adds 2021 forecast Aug 20 (Reuters) - Deere & Co DE.N beat Wall Street estimates for third-quarter revenue on Friday and lifted its full-year earnings forecast on strong demand for farm and construction equipment. "Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals," Deere Chief Executive Officer John May said. Demand has rebounded for farm machine and construction equipment as farmers replace their aging fleets, but pandemic-led disruptions along the supply chain have proved challenging for agricultural equipment makers.
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"Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals," Deere Chief Executive Officer John May said. Compares with estimates, adds 2021 forecast Aug 20 (Reuters) - Deere & Co DE.N beat Wall Street estimates for third-quarter revenue on Friday and lifted its full-year earnings forecast on strong demand for farm and construction equipment. Demand has rebounded for farm machine and construction equipment as farmers replace their aging fleets, but pandemic-led disruptions along the supply chain have proved challenging for agricultural equipment makers.
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Compares with estimates, adds 2021 forecast Aug 20 (Reuters) - Deere & Co DE.N beat Wall Street estimates for third-quarter revenue on Friday and lifted its full-year earnings forecast on strong demand for farm and construction equipment. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. "Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals," Deere Chief Executive Officer John May said.
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Compares with estimates, adds 2021 forecast Aug 20 (Reuters) - Deere & Co DE.N beat Wall Street estimates for third-quarter revenue on Friday and lifted its full-year earnings forecast on strong demand for farm and construction equipment. "Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals," Deere Chief Executive Officer John May said. Demand has rebounded for farm machine and construction equipment as farmers replace their aging fleets, but pandemic-led disruptions along the supply chain have proved challenging for agricultural equipment makers.
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2021-08-20 00:00:00 UTC
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Deere quarterly profit surges on solid farm equipment demand
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https://www.nasdaq.com/articles/deere-quarterly-profit-surges-on-solid-farm-equipment-demand-2021-08-20
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Aug 20 (Reuters) - Deere & Co DE.N said on Friday its third-quarter profit more than doubled, as higher agricultural income on the back of strong crop prices boosted demand for farm and construction equipment.
Net income attributable to the company rose to $1.67 billion, or $5.32 per share, in the quarter ended Aug. 2, from $811 million, or $2.57 per share, a year earlier.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - Deere & Co DE.N said on Friday its third-quarter profit more than doubled, as higher agricultural income on the back of strong crop prices boosted demand for farm and construction equipment. Net income attributable to the company rose to $1.67 billion, or $5.32 per share, in the quarter ended Aug. 2, from $811 million, or $2.57 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - Deere & Co DE.N said on Friday its third-quarter profit more than doubled, as higher agricultural income on the back of strong crop prices boosted demand for farm and construction equipment. Net income attributable to the company rose to $1.67 billion, or $5.32 per share, in the quarter ended Aug. 2, from $811 million, or $2.57 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - Deere & Co DE.N said on Friday its third-quarter profit more than doubled, as higher agricultural income on the back of strong crop prices boosted demand for farm and construction equipment. Net income attributable to the company rose to $1.67 billion, or $5.32 per share, in the quarter ended Aug. 2, from $811 million, or $2.57 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - Deere & Co DE.N said on Friday its third-quarter profit more than doubled, as higher agricultural income on the back of strong crop prices boosted demand for farm and construction equipment. Net income attributable to the company rose to $1.67 billion, or $5.32 per share, in the quarter ended Aug. 2, from $811 million, or $2.57 per share, a year earlier. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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5e9e1cfa-8df9-492e-977f-2800a67212c6
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721458.0
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2021-08-20 00:00:00 UTC
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MORNING BID-A lacklustre end to a painful week
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DE
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https://www.nasdaq.com/articles/morning-bid-a-lacklustre-end-to-a-painful-week-2021-08-20
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nan
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nan
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A look at the day ahead from Karin Strohecker.
It hasn't been a pretty week for equity investors - or many others really.
The Delta variant keeps spreading, economies keep slowing, China keeps going with its regulatory crack down. And on top of that, Fed tapering remains likely this year - leaving some to fear that Jerome Powell's team could deliver what they see as a policy mistake, tapering into a slowing economy.
World stocks .MIWD00000PUS are set for a 2.5% weekly drop, the Hang Seng tech index .HSTECH has tumbled 12% over the same period - both suffering their worst such falls since February.
With Beijing just having passed a new personal data privacy law - another plank in its push to regulate cyberspace -- Asian stocks .MIAPJ0000PUS fell again. European STXEc1 futures fare mixed, U.S. futures ESc1 flag losses ahead.
Hopes that more stimulus from China could shore up sentiment faded after Beijing's central bank left its benchmark interest rate unchanged for a 16th consecutive month.
Predictably, the safe-haven dollar =USD is enjoying all this and scaling fresh 9-1/2 month peaks, inflicting some losses on commodities. Oil is on track for a weekly loss of over 5%, while global bond yields US10YT=RR stayed subdued.
Now it's all eyes on the Fed's annual research conference in Jackson Hole, Wyoming, next week, where Powell will give a closely watched speech.
In the meantime, Germany said its economy is on track for a lasting, probably stronger recovery in the third quarter driven by lively domestic demand as markets fret over another coronavirus wave rippling through the region.
It's pretty slim pickings on the corporate front.
British supermarket Morrisons MRW.L is in focus after it upended a take over bid from a consortium led by Fortress Investment Group by agreeing to a higher offer worth 7.0 billion pounds ($9.5 billion) from U.S. private equity group Clayton, Dubilier & Rice (CD&R).
Irish construction material firm Kingspan KSP.I reports a record H1 profit, U.S. machinery maker Deere & Co DE.N posts earnings later in the day.
Key developments that should provide more direction to markets on Friday:
China passes new personal data privacy law
Japan consumer price falls narrow
Japan CPI July/retail sales
China Evergrande vows to resolve debt risks
New Zealand's Ardern extends lockdown
UK retail sales drop unexpectedly in July
German producer prices July
Earnings: Deere & Co, Footlocker
($1 = 0.7336 pounds)
Markets in Augusthttps://tmsnrt.rs/3gfueNC
(Reporting by Karin Strohecker, editing by Dhara Ranasinghe)
((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.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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Hopes that more stimulus from China could shore up sentiment faded after Beijing's central bank left its benchmark interest rate unchanged for a 16th consecutive month. In the meantime, Germany said its economy is on track for a lasting, probably stronger recovery in the third quarter driven by lively domestic demand as markets fret over another coronavirus wave rippling through the region. Key developments that should provide more direction to markets on Friday: China passes new personal data privacy law Japan consumer price falls narrow Japan CPI July/retail sales China Evergrande vows to resolve debt risks New Zealand's Ardern extends lockdown UK retail sales drop unexpectedly in July German producer prices July Earnings: Deere & Co, Footlocker ($1 = 0.7336 pounds) Markets in Augusthttps://tmsnrt.rs/3gfueNC (Reporting by Karin Strohecker, editing by Dhara Ranasinghe) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.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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British supermarket Morrisons MRW.L is in focus after it upended a take over bid from a consortium led by Fortress Investment Group by agreeing to a higher offer worth 7.0 billion pounds ($9.5 billion) from U.S. private equity group Clayton, Dubilier & Rice (CD&R). Key developments that should provide more direction to markets on Friday: China passes new personal data privacy law Japan consumer price falls narrow Japan CPI July/retail sales China Evergrande vows to resolve debt risks New Zealand's Ardern extends lockdown UK retail sales drop unexpectedly in July German producer prices July Earnings: Deere & Co, Footlocker ($1 = 0.7336 pounds) Markets in Augusthttps://tmsnrt.rs/3gfueNC (Reporting by Karin Strohecker, editing by Dhara Ranasinghe) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.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. The Delta variant keeps spreading, economies keep slowing, China keeps going with its regulatory crack down.
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And on top of that, Fed tapering remains likely this year - leaving some to fear that Jerome Powell's team could deliver what they see as a policy mistake, tapering into a slowing economy. British supermarket Morrisons MRW.L is in focus after it upended a take over bid from a consortium led by Fortress Investment Group by agreeing to a higher offer worth 7.0 billion pounds ($9.5 billion) from U.S. private equity group Clayton, Dubilier & Rice (CD&R). Key developments that should provide more direction to markets on Friday: China passes new personal data privacy law Japan consumer price falls narrow Japan CPI July/retail sales China Evergrande vows to resolve debt risks New Zealand's Ardern extends lockdown UK retail sales drop unexpectedly in July German producer prices July Earnings: Deere & Co, Footlocker ($1 = 0.7336 pounds) Markets in Augusthttps://tmsnrt.rs/3gfueNC (Reporting by Karin Strohecker, editing by Dhara Ranasinghe) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.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 Delta variant keeps spreading, economies keep slowing, China keeps going with its regulatory crack down. And on top of that, Fed tapering remains likely this year - leaving some to fear that Jerome Powell's team could deliver what they see as a policy mistake, tapering into a slowing economy. World stocks .MIWD00000PUS are set for a 2.5% weekly drop, the Hang Seng tech index .HSTECH has tumbled 12% over the same period - both suffering their worst such falls since February.
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a0d56c5f-a2c2-4962-9941-1bcb5ac75aa8
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721459.0
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2021-08-20 00:00:00 UTC
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What To Expect From Deere's Q3?
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DE
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https://www.nasdaq.com/articles/what-to-expect-from-deeres-q3-2021-08-20
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nan
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nan
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Deere & Company (NYSE:DE) is scheduled to report its fiscal third-quarter results on Friday, August 20. We expect Deere to likely post revenues and earnings below the consensus estimates. While Deere is expected to benefit from improved demand for agriculture as well as construction equipment, with the gradual opening up of economies, rising raw-material costs may put some pressure on margins. That said, our forecast indicates that Deere’s valuation is around $425 per share, which is more than 12% above the current market price of $376. Look at our interactive dashboard analysis on Deere & Company Pre-Earnings: What To Expect in Q3? for more details.
(1) Revenues expected to be below the consensus estimate
Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. The company saw a strong rebound in the demand for construction as well as agriculture equipment over the last couple of quarters. In Q2 fiscal 2021, revenue rose a solid 30% to $12.1 billion, as the company continued to see an increase in spending on agricultural equipment. The company also expects a rebound in inventory levels, which should aid the overall sales growth in Q3. Our dashboard on Deere Revenues provides more details on segment-wise revenue breakup.
2) EPS likely to be below the consensus estimates
Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. Deere’s net income of $1.8 billion in Q2, reflected a large 169% growth from its $666 million profit in the prior year quarter, led by higher sales and a decline in operating expenses. While Q2 saw a higher price realization, aiding the overall margins, Q3 may see some pressure on margins, primarily due to a rise in raw-material costs. Looking at the full year 2021, we expect EPS to more than double to $17.60, aided by both revenue growth as well as margin expansion.
(3) Stock price estimate 13% above the current market price
Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376. Although the coronavirus outbreak has had a sizable impact on Deere’s business in fiscal 2020 due to lower demand for its equipment, the demand for both agriculture as well as construction equipment has seen a strong rebound so far this year, a trend expected to continue in the near term.
Note: P/E Multiples are based on Share Price at the end of the year, and reported (or expected) Adjusted Earnings for the full year
While DE stock looks like can gain more, it is helpful to see how its peers stack up. DE stock comparison with its peers summarizes how Deere compares against peers on metrics that matter. You can find more such useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and 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) is scheduled to report its fiscal third-quarter results on Friday, August 20. While Deere is expected to benefit from improved demand for agriculture as well as construction equipment, with the gradual opening up of economies, rising raw-material costs may put some pressure on margins. Deere’s net income of $1.8 billion in Q2, reflected a large 169% growth from its $666 million profit in the prior year quarter, led by higher sales and a decline in operating expenses.
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(1) Revenues expected to be below the consensus estimate Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. (3) Stock price estimate 13% above the current market price Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376.
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(1) Revenues expected to be below the consensus estimate Trefis estimates Deere’s Q3 fiscal 2021 total revenues to be around $9.9 billion, 4% below the consensus estimate of $10.3 billion. 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. (3) Stock price estimate 13% above the current market price Going by our Deere & Company Valuation, with an EPS estimate of around $17.60 and P/E multiple of 24x in 2021 (vs. 26x in 2021), this translates into a price of $425, which is 13% above the current market price – $376.
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Our dashboard on Deere Revenues provides more details on segment-wise revenue breakup. 2) EPS likely to be below the consensus estimates Deere’s Q3 fiscal 2021 earnings per share (EPS) is expected to be $4.45 per Trefis analysis, 3% below the consensus estimate of $4.57. Note: P/E Multiples are based on Share Price at the end of the year, and reported (or expected) Adjusted Earnings for the full year While DE stock looks like can gain more, it is helpful to see how its peers stack up.
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b2893015-7f6e-4d3b-b84b-e22e7919ee21
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721460.0
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2021-08-20 00:00:00 UTC
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US STOCKS-S&P 500, Dow on track for worst week in 2 months on recovery, taper fears
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DE
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-on-track-for-worst-week-in-2-months-on-recovery-taper-fears-2021-08
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures down: Dow 0.43%, S&P 0.43%, Nasdaq 0.27%
Aug 20 (Reuters) - U.S. stock index futures fell on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus hurt economy-linked sectors and put the Dow and the S&P 500 on course for their worst week since mid-June.
Oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N slipped 0.8% each, tracking steep losses in crude prices, while shares of major Wall Street banks dropped nearly 0.6% each in premarket trading. O/R
The S&P 500 energy sector .SPNY is down about 7.6% this week, the most among all the 11 major S&P sectors.
Industrial stocks, including Caterpillar Inc CAT.N, Boeing Co BA.N, and 3M Co MMM.N, which generally perform better at a time of strong economic growth, shed between 0.2% and 0.9%.
Global equities took a backseat this week, with U.S. stocks slipping from record highs as downbeat economic data from China compounded concerns regarding the outlook for U.S. stimulus.
Minutes from the Federal Reserve's last policy meeting showed officials largely expect to reduce the central bank's emergency monthly purchases of $120 billion of Treasury bonds and mortgage-backed securities later this year, amid a recovery in the jobs market.
Focus is now on the Fed's annual research conference in Jackson Hole, Wyoming, next week for any read about the central bank's next steps.
At 7:01 a.m. ET, Dow e-minis 1YMcv1 were down 148 points, or 0.43%, S&P 500 e-minis EScv1 were down 19 points, or 0.43%, and Nasdaq 100 e-minis NQcv1 were down 40.75 points, or 0.27%.
For the week, the blue-chip Dow .DJI and the benchmark S&P 500 .SPX are down about 1.7% and 1.4% respectively, while the tech-heavy Nasdaq .IXIC has fallen 1.9%, its worst since mid-May.
Amazon.com AMZN.O, Microsoft Corp MSFT.O, Google-owner Alphabet Inc GOOGL.O, Facebook Inc FB.O, Apple Inc AAPL.O and Netflix Inc NFLX.O, which had led Wall Street's record rally from pandemic lows hit last year, slid between 0.2% and 0.7%.
Deere & Co DE.N rose 1% after it beat Wall Street estimates for third-quarter revenue and lifted its full-year earnings forecast on strong demand for farm and construction equipment.
The Invesco Golden Dragon China ETF PGJ.O was set for its eighth straight weekly loss - its longest losing streak in a decade - on concerns over China's widening crackdown on sectors ranging from technology to luxury goods makers.
E-commerce giant Alibaba Holdings BABA.N has lost about $76 billion of its market value in the past four days and is headed for its worst week ever.
(Reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Subhranshu Sahu)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Minutes from the Federal Reserve's last policy meeting showed officials largely expect to reduce the central bank's emergency monthly purchases of $120 billion of Treasury bonds and mortgage-backed securities later this year, amid a recovery in the jobs market. Amazon.com AMZN.O, Microsoft Corp MSFT.O, Google-owner Alphabet Inc GOOGL.O, Facebook Inc FB.O, Apple Inc AAPL.O and Netflix Inc NFLX.O, which had led Wall Street's record rally from pandemic lows hit last year, slid between 0.2% and 0.7%. Deere & Co DE.N rose 1% after it beat Wall Street estimates for third-quarter revenue and lifted its full-year earnings forecast on strong demand for farm and construction equipment.
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Futures down: Dow 0.43%, S&P 0.43%, Nasdaq 0.27% Aug 20 (Reuters) - U.S. stock index futures fell on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus hurt economy-linked sectors and put the Dow and the S&P 500 on course for their worst week since mid-June. Oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N slipped 0.8% each, tracking steep losses in crude prices, while shares of major Wall Street banks dropped nearly 0.6% each in premarket trading. Global equities took a backseat this week, with U.S. stocks slipping from record highs as downbeat economic data from China compounded concerns regarding the outlook for U.S. stimulus.
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Futures down: Dow 0.43%, S&P 0.43%, Nasdaq 0.27% Aug 20 (Reuters) - U.S. stock index futures fell on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus hurt economy-linked sectors and put the Dow and the S&P 500 on course for their worst week since mid-June. Oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N slipped 0.8% each, tracking steep losses in crude prices, while shares of major Wall Street banks dropped nearly 0.6% each in premarket trading. The Invesco Golden Dragon China ETF PGJ.O was set for its eighth straight weekly loss - its longest losing streak in a decade - on concerns over China's widening crackdown on sectors ranging from technology to luxury goods makers.
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Futures down: Dow 0.43%, S&P 0.43%, Nasdaq 0.27% Aug 20 (Reuters) - U.S. stock index futures fell on Friday, as concerns over a slowing economic recovery and the possible tapering of monetary stimulus hurt economy-linked sectors and put the Dow and the S&P 500 on course for their worst week since mid-June. Oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N slipped 0.8% each, tracking steep losses in crude prices, while shares of major Wall Street banks dropped nearly 0.6% each in premarket trading. Global equities took a backseat this week, with U.S. stocks slipping from record highs as downbeat economic data from China compounded concerns regarding the outlook for U.S. stimulus.
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485b1333-ff21-4d02-abb8-e85872c3dc1f
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721461.0
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2021-08-19 00:00:00 UTC
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Pre-Market Earnings Report for August 20, 2021 : DE, FL, BKE
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-august-20-2021-%3A-de-fl-bke-2021-08-19
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nan
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nan
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The following companies are expected to report earnings prior to market open on 08/20/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company (DE)is reporting for the quarter ending July 31, 2021. The farm machinery company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.49. This value represents a 74.71% increase compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 27.93%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DE is 20.63 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Foot Locker, Inc. (FL)is reporting for the quarter ending July 31, 2021. The retail (shoe) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.08. This value represents a 52.11% increase compared to the same quarter last year. In the past year FL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 71.93%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FL is 9.20 vs. an industry ratio of 4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Buckle, Inc. (BKE)is reporting for the quarter ending July 31, 2021. The retail (shoe) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.86. This value represents a 21.13% increase compared to the same quarter last year. In the past year BKE and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BKE is 10.76 vs. an industry ratio of 4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company (DE)is reporting for the quarter ending July 31, 2021. In the past year DE has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DE is 20.63 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for DE is 20.63 vs. an industry ratio of 19.20, 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 July 31, 2021. In the past year DE has beat the expectations every quarter.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for DE is 20.63 vs. an industry ratio of 19.20, 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 July 31, 2021. In the past year DE has beat the expectations every quarter.
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In the past year DE has beat the expectations every quarter. Deere & Company (DE)is reporting for the quarter ending July 31, 2021. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DE is 20.63 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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de511e6c-2fd6-45d3-baa9-849cb35e9f67
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721462.0
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2021-08-19 00:00:00 UTC
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October 15th Options Now Available For Deere & Co.
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DE
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https://www.nasdaq.com/articles/october-15th-options-now-available-for-deere-co.-2021-08-19
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $330.00 strike price has a current bid of $5.45. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $330.00, but will also collect the premium, putting the cost basis of the shares at $324.55 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $361.50/share today.
Because the $330.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.65% return on the cash commitment, or 10.58% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $330.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $11.10. If an investor was to purchase shares of DE stock at the current price level of $361.50/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $370.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.42% if the stock gets called away at the October 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red:
Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.07% boost of extra return to the investor, or 19.66% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $361.50) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the October 15th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $330.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $11.10. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $330.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $11.10. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the October 15th expiration.
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eedad9f7-bfb5-45d3-a949-7d32d3c37cbb
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721463.0
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2021-08-19 00:00:00 UTC
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John Deere And Hitachi To End JV Agreements; John Deere To Acquire JV Factories
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DE
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https://www.nasdaq.com/articles/john-deere-and-hitachi-to-end-jv-agreements-john-deere-to-acquire-jv-factories-2021-08-19
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nan
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nan
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(RTTNews) - John Deere (DE) and Hitachi Construction Machinery have agreed to end the Deere-Hitachi joint venture manufacturing and marketing agreements. On Feb. 28, 2022, John Deere will acquire the Deere-Hitachi joint-venture factories in Kernersville, NC; Indaiatuba, Brazil; and Langley, British Columbia, Canada.
The companies will enter into new license and supply agreements, which will enable John Deere to continue to source, manufacture, and distribute the current lineup of Deere-branded excavators in the Americas.
John Deere and Hitachi stated their supply relationship in the early 1960s. In 1988, they started the Deere-Hitachi manufacturing joint venture to produce excavators in Kernersville, NC.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - John Deere (DE) and Hitachi Construction Machinery have agreed to end the Deere-Hitachi joint venture manufacturing and marketing agreements. On Feb. 28, 2022, John Deere will acquire the Deere-Hitachi joint-venture factories in Kernersville, NC; Indaiatuba, Brazil; and Langley, British Columbia, Canada. The companies will enter into new license and supply agreements, which will enable John Deere to continue to source, manufacture, and distribute the current lineup of Deere-branded excavators in the Americas.
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(RTTNews) - John Deere (DE) and Hitachi Construction Machinery have agreed to end the Deere-Hitachi joint venture manufacturing and marketing agreements. The companies will enter into new license and supply agreements, which will enable John Deere to continue to source, manufacture, and distribute the current lineup of Deere-branded excavators in the Americas. In 1988, they started the Deere-Hitachi manufacturing joint venture to produce excavators in Kernersville, NC.
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(RTTNews) - John Deere (DE) and Hitachi Construction Machinery have agreed to end the Deere-Hitachi joint venture manufacturing and marketing agreements. On Feb. 28, 2022, John Deere will acquire the Deere-Hitachi joint-venture factories in Kernersville, NC; Indaiatuba, Brazil; and Langley, British Columbia, Canada. The companies will enter into new license and supply agreements, which will enable John Deere to continue to source, manufacture, and distribute the current lineup of Deere-branded excavators in the Americas.
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The companies will enter into new license and supply agreements, which will enable John Deere to continue to source, manufacture, and distribute the current lineup of Deere-branded excavators in the Americas. John Deere and Hitachi stated their supply relationship in the early 1960s. In 1988, they started the Deere-Hitachi manufacturing joint venture to produce excavators in Kernersville, NC.
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3d566983-2bc2-48ff-a56a-d001f25b3878
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721464.0
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2021-08-18 00:00:00 UTC
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VIS, GE, MMM, DE: Large Outflows Detected at ETF
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DE
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https://www.nasdaq.com/articles/vis-ge-mmm-de%3A-large-outflows-detected-at-etf-2021-08-18
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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 Vanguard Industrials ETF (Symbol: VIS) where we have detected an approximate $74.3 million dollar outflow -- that's a 1.4% decrease week over week (from 27,563,562 to 27,188,562). Among the largest underlying components of VIS, in trading today General Electric Co (Symbol: GE) is up about 1.1%, 3M Co (Symbol: MMM) is off about 0.8%, and Deere & Co. (Symbol: DE) is lower by about 0.4%. For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average:
Looking at the chart above, VIS's low point in its 52 week range is $139.37 per share, with $204.05 as the 52 week high point — that compares with a last trade of $198.06. 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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For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $139.37 per share, with $204.05 as the 52 week high point — that compares with a last trade of $198.06. 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 VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $139.37 per share, with $204.05 as the 52 week high point — that compares with a last trade of $198.06. 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 Vanguard Industrials ETF (Symbol: VIS) where we have detected an approximate $74.3 million dollar outflow -- that's a 1.4% decrease week over week (from 27,563,562 to 27,188,562).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Industrials ETF (Symbol: VIS) where we have detected an approximate $74.3 million dollar outflow -- that's a 1.4% decrease week over week (from 27,563,562 to 27,188,562). For a complete list of holdings, visit the VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $139.37 per share, with $204.05 as the 52 week high point — that compares with a last trade of $198.06. 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 VIS Holdings page » The chart below shows the one year price performance of VIS, versus its 200 day moving average: Looking at the chart above, VIS's low point in its 52 week range is $139.37 per share, with $204.05 as the 52 week high point — that compares with a last trade of $198.06. 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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6530ee6f-dfdf-430a-8ee6-7c2395b8da9e
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721465.0
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2021-08-18 00:00:00 UTC
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Dow set to open lower on recovery fears as focus turns to Fed
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DE
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https://www.nasdaq.com/articles/dow-set-to-open-lower-on-recovery-fears-as-focus-turns-to-fed-2021-08-18
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nan
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nan
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By Devik Jain
Aug 18 (Reuters) - The Dow was set to open lower on Wednesday as renewed fears about the pace of a post-pandemic recovery dented demand for economically sensitive sectors and sent investors to the perceived safety of technology-related stocks including Apple and Amazon.com.
Industrials Deere & Co DE.N, Caterpillar Inc CAT.N, and 3M Co MMM.N, which generally perform better at a time of strong economic growth, shed between 0.1% and 0.4% in premarket trading.
Bank stocks JPMorgan Chase & Co JPM.N, Citigroup C.N, Bank of America BAC.N, Morgan Stanley MS.N and Wells Fargo & Co WFC.N fell between 0.1% and 0.3%, a day after the S&P 500 .SPX marked its worst day in about a month on the back of a bigger-than-expected fall in U.S. retail sales.
After six straight months of gains for the S&P 500, trading on Wall Street's main indexes has been more volatile in August - a seasonally weak period for financial markets - as concerns about slowing U.S. growth and the spread of the Delta variant took the shine off a solid corporate earnings season.
Focus on Wednesday will be on the minutes of the Federal Reserve's last policy meeting, with investors looking for insight into the central bank's debate over when to end its pandemic-era emergency programs amid a stronger recovery in the jobs market and higher inflation.
"You have the inflation pressure on one hand, and then you offset some of that with the depression that's coming through from the Delta variant to some degree. That's creating some of the gyrations in the market," said Johan Grahn, head of ETF Strategy at AllianzIM in Minneapolis.
Analysts expect the Fed to announce its plan for a "taper" of its asset purchases as early as its Sept. 21-22 meeting.
At 8:28 a.m. ET, Dow e-minis 1YMcv1 were down 81 points, or 0.23%, S&P 500 e-minis EScv1 were down 5.25 points, or 0.12%, and Nasdaq 100 e-minis NQcv1 were down 4.25 points, or 0.03%.
Oil stocks Exxon Mobil XOM.N, Schlumberger NV SLB.N and Occidental Petroleum OXY.N were up between 0.3% and 1.2%, tracking crude prices higher. O/R
The S&P energy index .SPNY has fallen 4.4% in the past four sessions amid fears of slowing global growth.
Amazon AMZN.O, Apple AAPL.O, Google-owner Alphabet Inc GOOGL.O, Facebook Inc FB.O and Tesla Inc TSLA.O rose between 0.1% and 1.1%.
The stocks had led Wall Street's recovery from its coronavirus lows last year as investors flocked to names seen to benefit from higher demand during widespread lockdowns.
Lowe's Cos Inc LOW.N jumped 4.3% after it forecast full-year sales above estimates on a rise in spending from builders and handymen getting back to housing projects.
Target Corp TGT.N, on the other hand, slipped 2% despite beating analysts' estimates for same-store sales. The retailer's stock has jumped about 44% year-to-date.
Earnings reports from online brokerage Robinhood Markets Inc HOOD.O, chipmaker Nvidia Corp NVDA.O, network gear maker Cisco Systems Inc CSCO.O, lingerie brand Victoria's Secret & Co VSCO.N and Bath & Body Works BBWI.N are due after market close on Wednesday.
(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel and Subhranshu Sahu)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and 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 Devik Jain Aug 18 (Reuters) - The Dow was set to open lower on Wednesday as renewed fears about the pace of a post-pandemic recovery dented demand for economically sensitive sectors and sent investors to the perceived safety of technology-related stocks including Apple and Amazon.com. Focus on Wednesday will be on the minutes of the Federal Reserve's last policy meeting, with investors looking for insight into the central bank's debate over when to end its pandemic-era emergency programs amid a stronger recovery in the jobs market and higher inflation. The stocks had led Wall Street's recovery from its coronavirus lows last year as investors flocked to names seen to benefit from higher demand during widespread lockdowns.
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After six straight months of gains for the S&P 500, trading on Wall Street's main indexes has been more volatile in August - a seasonally weak period for financial markets - as concerns about slowing U.S. growth and the spread of the Delta variant took the shine off a solid corporate earnings season. O/R The S&P energy index .SPNY has fallen 4.4% in the past four sessions amid fears of slowing global growth. By Devik Jain Aug 18 (Reuters) - The Dow was set to open lower on Wednesday as renewed fears about the pace of a post-pandemic recovery dented demand for economically sensitive sectors and sent investors to the perceived safety of technology-related stocks including Apple and Amazon.com.
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By Devik Jain Aug 18 (Reuters) - The Dow was set to open lower on Wednesday as renewed fears about the pace of a post-pandemic recovery dented demand for economically sensitive sectors and sent investors to the perceived safety of technology-related stocks including Apple and Amazon.com. After six straight months of gains for the S&P 500, trading on Wall Street's main indexes has been more volatile in August - a seasonally weak period for financial markets - as concerns about slowing U.S. growth and the spread of the Delta variant took the shine off a solid corporate earnings season. Focus on Wednesday will be on the minutes of the Federal Reserve's last policy meeting, with investors looking for insight into the central bank's debate over when to end its pandemic-era emergency programs amid a stronger recovery in the jobs market and higher inflation.
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By Devik Jain Aug 18 (Reuters) - The Dow was set to open lower on Wednesday as renewed fears about the pace of a post-pandemic recovery dented demand for economically sensitive sectors and sent investors to the perceived safety of technology-related stocks including Apple and Amazon.com. Lowe's Cos Inc LOW.N jumped 4.3% after it forecast full-year sales above estimates on a rise in spending from builders and handymen getting back to housing projects. Industrials Deere & Co DE.N, Caterpillar Inc CAT.N, and 3M Co MMM.N, which generally perform better at a time of strong economic growth, shed between 0.1% and 0.4% in premarket trading.
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df837cb1-6b86-467e-8c25-b7082a7a4f0c
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721466.0
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2021-08-16 00:00:00 UTC
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Noteworthy Monday Option Activity: WYNN, SWKS, DE
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DE
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-wynn-swks-de-2021-08-16
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (Symbol: WYNN), where a total of 15,461 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 43.5% of WYNN's average daily trading volume over the past month of 3.6 million shares. Especially high volume was seen for the $100 strike call option expiring August 20, 2021, with 879 contracts trading so far today, representing approximately 87,900 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $100 strike highlighted in orange:
Skyworks Solutions Inc (Symbol: SWKS) saw options trading volume of 6,924 contracts, representing approximately 692,400 underlying shares or approximately 41.5% of SWKS's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $150 strike call option expiring August 20, 2021, with 1,236 contracts trading so far today, representing approximately 123,600 underlying shares of SWKS. Below is a chart showing SWKS's trailing twelve month trading history, with the $150 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 4,715 contracts, representing approximately 471,500 underlying shares or approximately 41.3% of DE's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $380 strike call option expiring September 17, 2021, with 230 contracts trading so far today, representing approximately 23,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $380 strike highlighted in orange:
For the various different available expirations for WYNN options, SWKS 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 $100 strike call option expiring August 20, 2021, with 879 contracts trading so far today, representing approximately 87,900 underlying shares of WYNN. Particularly high volume was seen for the $150 strike call option expiring August 20, 2021, with 1,236 contracts trading so far today, representing approximately 123,600 underlying shares of SWKS. Particularly high volume was seen for the $380 strike call option expiring September 17, 2021, with 230 contracts trading so far today, representing approximately 23,000 underlying shares of DE.
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Especially high volume was seen for the $100 strike call option expiring August 20, 2021, with 879 contracts trading so far today, representing approximately 87,900 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $100 strike highlighted in orange: Skyworks Solutions Inc (Symbol: SWKS) saw options trading volume of 6,924 contracts, representing approximately 692,400 underlying shares or approximately 41.5% of SWKS's average daily trading volume over the past month, of 1.7 million shares. Below is a chart showing SWKS's trailing twelve month trading history, with the $150 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 4,715 contracts, representing approximately 471,500 underlying shares or approximately 41.3% of DE's average daily trading volume over the past month, of 1.1 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (Symbol: WYNN), where a total of 15,461 contracts have traded so far, representing approximately 1.5 million underlying shares. Below is a chart showing WYNN's trailing twelve month trading history, with the $100 strike highlighted in orange: Skyworks Solutions Inc (Symbol: SWKS) saw options trading volume of 6,924 contracts, representing approximately 692,400 underlying shares or approximately 41.5% of SWKS's average daily trading volume over the past month, of 1.7 million shares. Below is a chart showing SWKS's trailing twelve month trading history, with the $150 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 4,715 contracts, representing approximately 471,500 underlying shares or approximately 41.3% of DE's average daily trading volume over the past month, of 1.1 million shares.
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Below is a chart showing WYNN's trailing twelve month trading history, with the $100 strike highlighted in orange: Skyworks Solutions Inc (Symbol: SWKS) saw options trading volume of 6,924 contracts, representing approximately 692,400 underlying shares or approximately 41.5% of SWKS's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $150 strike call option expiring August 20, 2021, with 1,236 contracts trading so far today, representing approximately 123,600 underlying shares of SWKS. Below is a chart showing SWKS's trailing twelve month trading history, with the $150 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 4,715 contracts, representing approximately 471,500 underlying shares or approximately 41.3% of DE's average daily trading volume over the past month, of 1.1 million shares.
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e62dae5b-8e7e-4e23-9683-a69a74482749
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721467.0
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2021-08-12 00:00:00 UTC
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DE Crosses Above Average Analyst Target
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DE
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https://www.nasdaq.com/articles/de-crosses-above-average-analyst-target-2021-08-12
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nan
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nan
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In recent trading, shares of Deere & Co. (Symbol: DE) have crossed above the average analyst 12-month target price of $380.27, changing hands for $386.08/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 $210.00. And then on the other side of the spectrum one analyst has a target as high as $450.00. The standard deviation is $73.274.
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 $380.27/share, investors in DE have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $380.27 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: 9 10 10 10
Buy ratings: 2 2 2 2
Hold ratings: 3 3 3 3
Sell ratings: 0 0 0 0
Strong sell ratings: 1 1 1 1
Average rating: 1.77 1.72 1.72 1.72
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.
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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In recent trading, shares of Deere & Co. (Symbol: DE) have crossed above the average analyst 12-month target price of $380.27, changing hands for $386.08/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 $380.27/share, investors in DE have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $380.27 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 $380.27, changing hands for $386.08/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 $380.27/share, investors in DE have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $380.27 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 $380.27, changing hands for $386.08/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 $450.00.
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9a757d63-9418-4f71-9700-6ba54fe26a26
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721468.0
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2021-08-11 00:00:00 UTC
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Slowing inflation growth lifts Dow, S&P to records
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DE
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https://www.nasdaq.com/articles/slowing-inflation-growth-lifts-dow-sp-to-records-2021-08-11-0
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nan
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nan
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By Chuck Mikolajczak
NEW YORK, Aug 11 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill.
The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
"Certainly, the numbers show you more deceleration," said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York.
"This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control."
Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.
Kansas City Federal Reserve President Esther George said on Wednesday that with the U.S. economy growing at a robust pace, it signals the "time has come to dial back the settings." In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October.
The Dow Jones Industrial Average .DJI rose 220.3 points, or 0.62%, to 35,484.97, the S&P 500 .SPX gained 10.95 points, or 0.25%, to 4,447.7 and the Nasdaq Composite .IXIC dropped 22.95 points, or 0.16%, to 14,765.14.
After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion budget plan full of new domestic programs was also approved by the legislative body but disagreements within the Democratic party threatened the size and scope of the spending.
Shares of equipment maker Caterpillar Inc CAT.Nadvanced 3.55% and was the biggest boost to the Dow and peer Deere & Co DE.N gained 2.51%. Also moving higher were construction materials supplier Vulcan Materials Co VMC.N, up 3.24% and steelmaker Nucor Corp NUE.N, up 3.91% building on gains in the prior session on expectations of benefiting from infrastructure projects.
The materials .SPLRCM and industrials .SPLRCI were the best performing of the 11 major S&P sectors.
Technology stocks moved off earlier lows in the wake of a strong 10-year note auction, which sent yields US10YT=RR lower after a five day streak of gains session amid optimism about a stronger economic reopening.
NortonLifeLock Inc NLOK.O jumped 8.70% after the cybersecurity company agreed to buy London-listed rival Avast AVST.L for up to $8.6 billion.
Coinbase Global Inc COIN.O climbed 3.24% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.
Virgin Galactic SPCE.N plunged 12.67% after Morgan Stanley downgraded the stock to "underweight" from "equal-weight", pointing to a prolonged period of no flights.
Advancing issues outnumbered declining ones on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored advancers.
The S&P 500 posted 56 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 94 new highs and 112 new lows.
Volume on U.S. exchanges was 8.62 billion shares, compared with the 9.55 billion average for the full session over the last 20 trading days.
(Additional reporting by Herbert Lash; editing by Diane Craft)
((charles.mikolajczak@tr.com; @ChuckMik;))
The views and 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 have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated. In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
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The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "Certainly, the numbers show you more deceleration," said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York. "This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control."
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The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "Certainly, the numbers show you more deceleration," said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York. "This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control."
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Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "Certainly, the numbers show you more deceleration," said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York.
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2021-08-11 00:00:00 UTC
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US STOCKS-Slowing inflation growth lifts Dow, S&P to records
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https://www.nasdaq.com/articles/us-stocks-slowing-inflation-growth-lifts-dow-sp-to-records-2021-08-11
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By Chuck Mikolajczak
NEW YORK, Aug 11 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed at record levels on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill.
The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
"As far as the equity market's concerned, it's a positive number," said Steven Ricchiuto, U.S. chief economist at Mizuho Securities USA LLC in New York.
"This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control."
Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.
Kansas City Federal Reserve President Esther George said on Wednesday that with the U.S. economy growing at a robust pace, it signals the "time has come to dial back the settings." In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October.
Unofficially, the Dow Jones Industrial Average .DJI rose 221.22 points, or 0.63%, to 35,485.89, the S&P 500 .SPX gained 11.11 points, or 0.25%, to 4,447.86 and the Nasdaq Composite .IXIC dropped 23.91 points, or 0.16%, to 14,764.18.
After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion budget plan full of new domestic programs was also approved by the legislative body but disagreements within the Democratic party threatened the size and scope of the spending.
Shares of equipment maker Caterpillar Inc CAT.Nadvanced and was the biggest boost to the Dow and peer Deere & Co DE.N gained. Also moving higher were construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N, building on gains in the prior session on expectations of benefiting from infrastructure projects.
The materials .SPLRCM and industrials .SPLRCI were the best performing of the 11 major S&P sectors.
Technology stocks moved off earlier lows in the wake of a strong 10-year note auction, which sent yields US10YT=RR lower after a five day streak of gains session amid optimism about a stronger economic reopening.
NortonLifeLock Inc NLOK.O jumped after the cybersecurity company agreed to buy London-listed rival Avast AVST.L for up to $8.6 billion.
Coinbase Global Inc COIN.O climbed after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.
Virgin Galactic SPCE.N plunged after Morgan Stanley downgraded the stock to "underweight" from "equal-weight", pointing to a prolonged period of no flights.
(Additional reporting by Herbert Lash; editing by Diane Craft)
((charles.mikolajczak@tr.com; @ChuckMik;))
The views and 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 have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated. In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
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In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control."
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The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "This number is going to put the Fed in a little bit of a quandary because they've gone out with all this rhetoric about tapering, about tightening rates, about being defensive and the inflation numbers aren't quite where they should be, but they’re certainly not showing that this thing is out of control." Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.
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Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated. In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
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2021-08-11 00:00:00 UTC
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US STOCKS-Dow, S&P 500 hit records as inflation growth slows
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https://www.nasdaq.com/articles/us-stocks-dow-sp-500-hit-records-as-inflation-growth-slows-2021-08-11
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By Chuck Mikolajczak
NEW YORK, Aug 11 (Reuters) - The Dow Jones Industrial Average and S&P 500 hit intraday records on Wednesday, as data indicated U.S. inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill.
The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
"We will take the modest positive and take whatever tailwind it provides to stocks today but all it really did is remove a little potential anxiety in the event that it had been much worse than it turned out to be," said David Joy, chief market strategist at Ameriprise Financial in Boston.
"But the whole debate about whether or not inflation is transitory or not is less unresolved as a result of this report today so the follow through is somewhat limited."
Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated.
Kansas City Federal Reserve President Esther George said on Wednesday that with the U.S. economy growing at a robust pace, it signals the "time has come to dial back the settings." In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October.
The Dow Jones Industrial Average .DJI rose 215.77 points, or 0.61%, to 35,480.44, the S&P 500 .SPX gained 8.15 points, or 0.18%, to 4,444.9 and the Nasdaq Composite .IXIC dropped 44.15 points, or 0.3%, to 14,743.94.
After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion budget plan full of new domestic programs was also approved by the legislative body but disagreements within the Democratic party threatened the size and scope of the spending.
Equipment maker Caterpillar Inc CAT.N, up 3.46%, was the biggest boost to the Dow, while peer Deere & Co DE.N gained 2.04%. Also moving higher were construction materials supplier Vulcan Materials Co VMC.N, up 2.95% and steelmaker Nucor Corp NUE.N 2.95%, building on gains in the prior session on expectations of benefiting from infrastructure projects.
The materials .SPLRCM and industrials .SPLRCI were the best performing of the 11 major S&P sectors.
Technology stocks moved off earlier lows in the wake of a strong 10-year note auction, which sent yields US10YT=RR lower after a five day streak of gains session amid optimism about a stronger economic reopening.
NortonLifeLock Inc NLOK.O gained 8.22% after the cybersecurity company agreed to buy London-listed rival Avast AVST.L for up to $8.6 billion.
Coinbase Global Inc COIN.O rose 2.79% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.
Virgin Galactic SPCE.N slid 14.03% after Morgan Stanley downgraded the stock to "underweight" from "equal-weight", pointing to a prolonged period of no flights.
(Reporting by Chuck Mikolajczak; editing by Diane Craft)
((charles.mikolajczak@tr.com; @ChuckMik;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"We will take the modest positive and take whatever tailwind it provides to stocks today but all it really did is remove a little potential anxiety in the event that it had been much worse than it turned out to be," said David Joy, chief market strategist at Ameriprise Financial in Boston. Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
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In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "We will take the modest positive and take whatever tailwind it provides to stocks today but all it really did is remove a little potential anxiety in the event that it had been much worse than it turned out to be," said David Joy, chief market strategist at Ameriprise Financial in Boston.
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The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation. "We will take the modest positive and take whatever tailwind it provides to stocks today but all it really did is remove a little potential anxiety in the event that it had been much worse than it turned out to be," said David Joy, chief market strategist at Ameriprise Financial in Boston. "But the whole debate about whether or not inflation is transitory or not is less unresolved as a result of this report today so the follow through is somewhat limited."
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Investors have been closely attuned to inflation pressures in recent months, concerned that a continual rise in prices could push the Federal Reserve to begin to scale down its ultra-accommodative policy stance earlier than anticipated. In addition, Dallas Federal Reserve President Robert Kaplan said the central bank should announce its timeline to reduce its massive bondholding next month, with tapering to begin in October. The Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, the largest drop in month-to-month inflation in 15 months, easing concerns about the potential for runaway inflation.
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2021-08-11 00:00:00 UTC
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Economy-linked stocks boost Dow to new highs as inflation growth slows
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https://www.nasdaq.com/articles/economy-linked-stocks-boost-dow-to-new-highs-as-inflation-growth-slows-2021-08-11
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By Devik Jain
Aug 11 (Reuters) - The Dow Jones Industrial Average hit a record high on Wednesday, buoyed by data showing that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill.
Six of the 11 major S&P sectors rose after the Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, calming some fears of early monetary policy tightening by the U.S. Federal Reserve. [nL1N2PI133]
Inflation has dictated market moves in the past few months, with investors fearing higher price pressures could force the Fed to pare back its ultra-loose accommodative stance sooner than expected.
"One of the few fears that investors seem to have is that interest rates will rise very quickly and maybe the only trigger for that is very high inflation numbers," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
"That number didn't come out as high as people feared, and they decided that it takes away one more risk to the market of rapidly escalating interest rates, at least for now."
After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion investment plan to fight climate change and poverty is now on the cards, but faces stiff resistance from Republicans.
Equipment makers Caterpillar Inc CAT.N and Deere & Co DE.N, construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N rose between 2.1% and 2.7%, adding to sharp gains from the previous session on hopes of benefiting from infrastructure projects.
The biggest gainers among the major S&P sectors were utilities .SPLRCU, materials .SPLRCM and industrials .SPLRCI.
Financial .SPSY and consumer staples .SPLRCS shares also scaled new peaks.
At 12:15 p.m. ET, the Dow Jones Industrial Average .DJIwas up 179.83 points, or 0.51%, at 35,444.50.
The S&P 500 .SPXwas up 3.25 points, or 0.07%, at 4,440.00 after hitting an intraday record high earlier in the session.
The Nasdaq Composite .IXICwas down 65.40 points, or 0.44%, at 14,722.69, dragged down by Moderna Inc MRNA.O and heavyweight tech-heavy growth names Applied Materials Inc AMAT.O, Facebook Inc FB.O, Nvidia Corp NVDA.O and Amazon.com AMZN.O.
Technology stocks were pressured by ten-year Treasury yields US10YT=RR, which climbed for the sixth straight session amid optimism about a stronger economic reopening. US/
Rate-sensitive banking stocks .SPXBK were up 1.4%.
NortonLifeLock Inc NLOK.O gained 8.5% after the cybersecurity company agreed to buy London-listed rival Avast AVST.L for up to $8.6 billion.
Coinbase Global Inc COIN.O rose 5.4% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.
Virgin Galactic SPCE.N slid 14% after Morgan Stanley downgraded the stock to "underweight" from "equal-weight", pointing to a prolonged period of no flights.
Advancing issues outnumbered decliners by a 1.36-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 1.52-to-1 ratio on the Nasdaq.
The S&P index recorded 45 new 52-week highs and no new low, while the Nasdaq recorded 60 new highs and 92 new lows.
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Additional reporting by Saqib Ahmed and Chuck Mikolajczak, Editing by Shounak Dasgupta, Saumyadeb Chakrabarty and Maju Samuel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062))
The views and 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 Devik Jain Aug 11 (Reuters) - The Dow Jones Industrial Average hit a record high on Wednesday, buoyed by data showing that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. Six of the 11 major S&P sectors rose after the Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, calming some fears of early monetary policy tightening by the U.S. Federal Reserve. "That number didn't come out as high as people feared, and they decided that it takes away one more risk to the market of rapidly escalating interest rates, at least for now."
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By Devik Jain Aug 11 (Reuters) - The Dow Jones Industrial Average hit a record high on Wednesday, buoyed by data showing that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. The S&P index recorded 45 new 52-week highs and no new low, while the Nasdaq recorded 60 new highs and 92 new lows. Six of the 11 major S&P sectors rose after the Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, calming some fears of early monetary policy tightening by the U.S. Federal Reserve.
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By Devik Jain Aug 11 (Reuters) - The Dow Jones Industrial Average hit a record high on Wednesday, buoyed by data showing that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. Equipment makers Caterpillar Inc CAT.N and Deere & Co DE.N, construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N rose between 2.1% and 2.7%, adding to sharp gains from the previous session on hopes of benefiting from infrastructure projects. The S&P index recorded 45 new 52-week highs and no new low, while the Nasdaq recorded 60 new highs and 92 new lows.
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By Devik Jain Aug 11 (Reuters) - The Dow Jones Industrial Average hit a record high on Wednesday, buoyed by data showing that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. Six of the 11 major S&P sectors rose after the Labor Department said the consumer price index increased 0.5% last month after climbing 0.9% in June, calming some fears of early monetary policy tightening by the U.S. Federal Reserve. "That number didn't come out as high as people feared, and they decided that it takes away one more risk to the market of rapidly escalating interest rates, at least for now."
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721472.0
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2021-08-11 00:00:00 UTC
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US STOCKS-Dow, S&P 500 scale new highs as inflation growth slows
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https://www.nasdaq.com/articles/us-stocks-dow-sp-500-scale-new-highs-as-inflation-growth-slows-2021-08-11
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By Devik Jain and Ambar Warrick
Aug 11 (Reuters) - The S&P 500 and the Dow Jones Industrial Average hit record highs on Wednesday after data showed that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill.
Nine of the 11 major S&P sectors rose in early trading after inflation numbers calmed some fears of early monetary policy tightening by the U.S. Federal Reserve.
Inflation has dictated market moves in the past few months, with investors fearing higher price pressures could force the Fed to pare back its ultra-loose accommodative stance sooner than expected.
"It's good news. It helps keep the Fed on the couch," said Jack Albin, chief investment officer at Cresset Capital Management in Chicago.
"(Inflation) is rising, but at a slower rate. It fits the Fed's narrative and they can pretty much stand pat on their current strategy."
After the U.S. Senate passed a $1 trillion bipartisan infrastructure package on Tuesday, an additional $3.5 trillion investment plan to fight climate change and poverty is also on the cards, but faces stiff resistance from Republicans.
Equipment manufacturers Caterpillar Inc CAT.N and Deere & Co DE.N, construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N rose between 1% and 3%, adding to sharp gains from the previous session on hopes of reaping gains from infrastructure projects.
The biggest gainers among the major S&P sectors were utilities .SPLRCU, materials .SPLRCM and industrials .SPLRCI.
At 10:07 a.m. ET, the Dow Jones Industrial Average .DJIwas up 173.06 points, or 0.49%, at 35,437.73, the S&P 500 .SPXwas up 10.05 points, or 0.23%, at 4,446.80, and the Nasdaq Composite .IXICwas up 12.95 points, or 0.09%, at 14,801.04.
NortonLifeLock Inc NLOK.O gained 8.5% after the cybersecurity company agreed to buy London-listed rival Avast AVST.L for up to $8.6 billion.
Coinbase Global Inc COIN.O rose 5.0% after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.
Virgin Galactic SPCE.N slid 11.1% after Morgan Stanley downgraded the stock to "underweight" from "equal-weight", pointing to prolonged period of no flights.
Advancing issues outnumbered decliners by a 1.52-to-1 ratio on the NYSE. Declining issues outnumbered advancers for a 1.13-to-1 ratio on the Nasdaq.
The S&P index recorded 34 new 52-week highs and no new lows, while the Nasdaq recorded 36 new highs and 55 new lows.
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Additional reporting by Saqib Ahmed and Chuck Mikolajczak, Editing by Shounak Dasgupta and Saumyadeb Chakrabarty)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062))
The views and 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 Devik Jain and Ambar Warrick Aug 11 (Reuters) - The S&P 500 and the Dow Jones Industrial Average hit record highs on Wednesday after data showed that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. Nine of the 11 major S&P sectors rose in early trading after inflation numbers calmed some fears of early monetary policy tightening by the U.S. Federal Reserve. Equipment manufacturers Caterpillar Inc CAT.N and Deere & Co DE.N, construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N rose between 1% and 3%, adding to sharp gains from the previous session on hopes of reaping gains from infrastructure projects.
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By Devik Jain and Ambar Warrick Aug 11 (Reuters) - The S&P 500 and the Dow Jones Industrial Average hit record highs on Wednesday after data showed that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. (Reporting by Devik Jain and Ambar Warrick in Bengaluru; Additional reporting by Saqib Ahmed and Chuck Mikolajczak, Editing by Shounak Dasgupta and Saumyadeb Chakrabarty) ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Nine of the 11 major S&P sectors rose in early trading after inflation numbers calmed some fears of early monetary policy tightening by the U.S. Federal Reserve.
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By Devik Jain and Ambar Warrick Aug 11 (Reuters) - The S&P 500 and the Dow Jones Industrial Average hit record highs on Wednesday after data showed that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. Equipment manufacturers Caterpillar Inc CAT.N and Deere & Co DE.N, construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N rose between 1% and 3%, adding to sharp gains from the previous session on hopes of reaping gains from infrastructure projects. Nine of the 11 major S&P sectors rose in early trading after inflation numbers calmed some fears of early monetary policy tightening by the U.S. Federal Reserve.
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By Devik Jain and Ambar Warrick Aug 11 (Reuters) - The S&P 500 and the Dow Jones Industrial Average hit record highs on Wednesday after data showed that growth in inflation appeared to have peaked, while economically sensitive stocks gained on the passing of a large infrastructure bill. Nine of the 11 major S&P sectors rose in early trading after inflation numbers calmed some fears of early monetary policy tightening by the U.S. Federal Reserve. Equipment manufacturers Caterpillar Inc CAT.N and Deere & Co DE.N, construction materials supplier Vulcan Materials Co VMC.N and steelmaker Nucor Corp NUE.N rose between 1% and 3%, adding to sharp gains from the previous session on hopes of reaping gains from infrastructure projects.
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2021-08-11 00:00:00 UTC
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US STOCKS-Nasdaq futures dip after infrastructure bill clears Senate
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https://www.nasdaq.com/articles/us-stocks-nasdaq-futures-dip-after-infrastructure-bill-clears-senate-2021-08-11
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Futures: Dow up 0.07%, S&P dips 0.06%, Nasdaq falls 0.18%
Aug 11 (Reuters) - Nasdaq futures fell on Wednesday, while Dow indicators rose slightly as investors swapped heavyweight technology stocks with economically sensitive sectors following the approval of a U.S. infrastructure bill.
Trading volumes were muted ahead of inflation data expected later in the day.
The blue-chip Dow .DJI and the benchmark S&P 500 .SPX logged record closing highs on Tuesday, as economically sensitive stocks gained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.
An additional $3.5 trillion investment plan to fight climate change and poverty is now on the cards, but faces stiff resistance from Republicans.
Equipment manufacturers Caterpillar Inc CAT.N, Deere & Co DE.N, construction materials suppliers Vulcan Materials VMC.N, and Nucor Corp NUE.N rose between 0.4% and 1.9% in premarket trading, adding to sharp gains in the previous session on hopes of reaping gains from infrastructure projects.
Data due at 0830 a.m. ET (1230 GMT) will likely show U.S. consumer prices rose 5.3% year-on-year in July, according to a Reuters poll, and at a time when two U.S. central bank officials said inflation was already at levels that satisfy one leg of a key test for tightening policy.
Inflation has dictated market sentiment in the past few months, with market participants fearing higher price pressures could force the Fed to pare back its ultra-loose accommodative stance sooner than expected.
At 6:53 a.m. ET, Dow e-minis 1YMcv1 were up 23 points, or 0.07%, S&P 500 e-minis EScv1 were down 2.75 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were down 27.75 points, or 0.18%.
Energy firms Exxon Mobil Corp XOM.N, Schlumberger NV SLB.N, Marathon Oil Corp MRO.N, Occidental Petroleum Corp OXY.N and Halliburton Co HAL.N fell between 0.6% and 1.5%, tracking crude prices. O/R
Heavyweight technology-related stocks Alphabet Inc GOOGL.O, Netflix Inc NFLX.O, Amazon.com AMZN.O, Microsoft Corp MSFT.O, Apple Inc AAPL.O, Tesla Inc TSLA.O and Facebook Inc FB.O, edged lower, weighed down by a rise in Treasury yields. US/
(Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equipment manufacturers Caterpillar Inc CAT.N, Deere & Co DE.N, construction materials suppliers Vulcan Materials VMC.N, and Nucor Corp NUE.N rose between 0.4% and 1.9% in premarket trading, adding to sharp gains in the previous session on hopes of reaping gains from infrastructure projects. Energy firms Exxon Mobil Corp XOM.N, Schlumberger NV SLB.N, Marathon Oil Corp MRO.N, Occidental Petroleum Corp OXY.N and Halliburton Co HAL.N fell between 0.6% and 1.5%, tracking crude prices. US/ (Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta) ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equipment manufacturers Caterpillar Inc CAT.N, Deere & Co DE.N, construction materials suppliers Vulcan Materials VMC.N, and Nucor Corp NUE.N rose between 0.4% and 1.9% in premarket trading, adding to sharp gains in the previous session on hopes of reaping gains from infrastructure projects. Energy firms Exxon Mobil Corp XOM.N, Schlumberger NV SLB.N, Marathon Oil Corp MRO.N, Occidental Petroleum Corp OXY.N and Halliburton Co HAL.N fell between 0.6% and 1.5%, tracking crude prices. US/ (Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta) ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equipment manufacturers Caterpillar Inc CAT.N, Deere & Co DE.N, construction materials suppliers Vulcan Materials VMC.N, and Nucor Corp NUE.N rose between 0.4% and 1.9% in premarket trading, adding to sharp gains in the previous session on hopes of reaping gains from infrastructure projects. Energy firms Exxon Mobil Corp XOM.N, Schlumberger NV SLB.N, Marathon Oil Corp MRO.N, Occidental Petroleum Corp OXY.N and Halliburton Co HAL.N fell between 0.6% and 1.5%, tracking crude prices. US/ (Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta) ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equipment manufacturers Caterpillar Inc CAT.N, Deere & Co DE.N, construction materials suppliers Vulcan Materials VMC.N, and Nucor Corp NUE.N rose between 0.4% and 1.9% in premarket trading, adding to sharp gains in the previous session on hopes of reaping gains from infrastructure projects. Energy firms Exxon Mobil Corp XOM.N, Schlumberger NV SLB.N, Marathon Oil Corp MRO.N, Occidental Petroleum Corp OXY.N and Halliburton Co HAL.N fell between 0.6% and 1.5%, tracking crude prices. US/ (Reporting by Devik Jain and Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta) ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2dffc121-977a-4dd9-8fc3-e9b0bd9690b9
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721474.0
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2021-08-10 00:00:00 UTC
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US STOCKS-Dow, S&P 500 hit records as infrastructure bill passes Senate
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DE
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https://www.nasdaq.com/articles/us-stocks-dow-sp-500-hit-records-as-infrastructure-bill-passes-senate-2021-08-10
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nan
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nan
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By Chuck Mikolajczak
NEW YORK, Aug 10 (Reuters) - The blue-chip Dow and the benchmark S&P 500 rose to record highs on Tuesday, buoyed by gains in economically sensitive value stocksafter the Senate passed a $1 trillion bipartisan infrastructure package.
The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
"The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.
"I do not believe the market is going to be OK with $3.5 trillion but there is still the possibility they are able to block it, or slow it, and have more conversation so the market isn’t focusing on that one yet."
Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were the top performing sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the benefits of infrastructure projects.
The iShares US Infrastructure ETF IFRA.Z rose 1.39% and the Global X US Infrastructure Development ETF PAVE.Z advanced 2.17%.
Energy shares also moved higher as crude prices rebounded more than 2%.
The Dow Jones Industrial Average .DJI rose 172.17 points, or 0.49%, to 35,274.02, the S&P 500 .SPX gained 6.56 points, or 0.15%, to 4,438.91 and the Nasdaq Composite .IXIC dropped 73.34 points, or 0.49%, to 14,786.84.
With new coronavirus cases rising in the United States, progress on the infrastructure package should support the recovery in the world's largest economy.
The rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week.
Investor will also watch inflation numbers this week for more insight into the Federal Reserve's monetary policy plans, in the wake of comments from two Fed officials on Monday that inflation was already at a level that could satisfy one portion of the requirement for the beginning of rate hikes.
AMC Entertainment AMC.N gave up early gains and was last down 5.16% even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions.
Kansas City Southern KSU.N gained 7.4% after Canadian Pacific Railway Ltd CP.TO raised its offer for the U.S. railroad operator by about $2 billion to $27.29 billion.
Advancing issues outnumbered declining ones on the NYSE by a 1.17-to-1 ratio; on Nasdaq, a 1.21-to-1 ratio favored decliners.
The S&P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 76 new highs and 84 new lows.
(Reporting by Chuck Mikolajczak; Editing by David Gregorio)
((charles.mikolajczak@tr.com; @ChuckMik;))
The views and 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 bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes. "The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.
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The S&P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 76 new highs and 84 new lows. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were the top performing sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the benefits of infrastructure projects. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. "The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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b3a7a32e-762f-4eb8-ad40-9556886c6bf8
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721475.0
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2021-08-10 00:00:00 UTC
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US STOCKS-Dow, S&P 500 close up as U.S. infrastructure bill clears Senate
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DE
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https://www.nasdaq.com/articles/us-stocks-dow-sp-500-close-up-as-u.s.-infrastructure-bill-clears-senate-2021-08-10
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nan
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nan
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By Chuck Mikolajczak
NEW YORK, Aug 10 (Reuters) - Wall Street rose on Tuesday, with the blue-chip Dow closing at a record high, as economically sensitive value stocksgained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.
The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
"The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.
"I do not believe the market is going to be OK with $3.5 trillion but there is still the possibility they are able to block it, or slow it, and have more conversation so the market isn’t focusing on that one yet."
Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were the top performing sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the gains of infrastructure projects.
The iShares US Infrastructure ETF IFRA.Z and the Global X US Infrastructure Development ETF PAVE.Z also advanced.
Energy shares were buoyed as recently beaten down crude prices jumped 3%.
Unofficially, the Dow Jones Industrial Average .DJI rose 163.05 points, or 0.46%, to 35,264.9, the S&P 500 .SPX gained 4.42 points, or 0.10%, to 4,436.77 and the Nasdaq Composite .IXIC dropped 71.98 points, or 0.48%, to 14,788.20.
With new coronavirus cases rising in the United States, progress on the infrastructure package should support the recovery in the world's largest economy.
The rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week.
Investor will also watch inflation numbers this week for more insight into the Federal Reserve's monetary policy plans, in the wake of comments from two Fed officials on Monday that inflation was already at a level that could satisfy one portion of the requirement for the beginning of rate hikes.
AMC Entertainment AMC.N gave up early gains and ended the session lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions.
Kansas City Southern KSU.N gained after Canadian Pacific Railway Ltd CP.TO raised its offer for the U.S. railroad operator by about $2 billion to $27.29 billion.
(Reporting by Chuck Mikolajczak; Editing by David Gregorio)
((charles.mikolajczak@tr.com; @ChuckMik;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AMC Entertainment AMC.N gave up early gains and ended the session lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were the top performing sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the gains of infrastructure projects. The rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways.
|
Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were the top performing sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the gains of infrastructure projects. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
|
The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes. "The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.
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f33b64c5-d0c3-4d26-b56b-0a8d2ba218ae
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721476.0
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2021-08-10 00:00:00 UTC
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Should You Buy Caterpillar Stock At $200 Levels?
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DE
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https://www.nasdaq.com/articles/should-you-buy-caterpillar-stock-at-%24200-levels-2021-08-10
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nan
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nan
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[Updated: 8/6/2021] CAT Stock Update
Caterpillar (NYSE:CAT) recently reported its Q2 results, which were largely in-line with the Trefis estimates. The company reported sales of $12.9 billion, up 29% y-o-y, and it was comfortably above our forecast of 12.1 Bil and 12.6 Bil consensus estimates. The sales growth was visible across all the segments, with both construction and resources segments seeing revenue growth of roughly 40% each, and energy & transportation revenue rising 20%. The sales growth was driven by both an increase in end user demand as well as dealer inventory levels.
Looking at the bottom-line, the company reported adjusted earnings of $2.60 per share, up over 2x y-o-y, driven by both an increase in revenue as well as margin expansion. The earnings were comfortably above our forecast of $2.32 and the consensus estimate of $2.38 per share. That said, the margins are likely to see some pressure in Q3, given an increase in raw material prices.
We have updated our model following the Q2 release. We now forecast sales to be $49.4 billion for the full-year 2021, up 18% y-o-y, compared to our previous estimate of $48.6 billion. Looking at the bottom line, we estimate adjusted EPS to be $9.90, compared to our earlier estimate of $9.72, and ten cents higher compared to the consensus estimate of $9.80. Given the changes to our revenues and earnings forecast, we have revised our Caterpillar Valuation at $237 per share, based on $9.90 expected EPS and a little under 24x P/E multiple for 2021. This marks an 8% growth from our prior estimate, reflecting a premium of nearly 15% to the current market price of $207.
[Updated: 7/28/2021] Caterpillar Q2 Earnings Preview
Caterpillar (NYSE:CAT) is scheduled to report its Q2 2020 results on Friday, July 30. We expect Caterpillar to likely post revenue and earnings below the consensus estimates. While a gradual opening up of the economies has resulted in a sharp rebound in overall equipment demand over the recent quarters, a trend likely continued in Q2 as well, the company’s overall performance may be weighed down by higher raw material costs and supply chain headwinds. Furthermore, going by our Caterpillar valuation of $219 per share, which is just 4% above the current market price of $210, there is only a little room left for growth, in our view. Our interactive dashboard analysis on Caterpillar’s Pre-Earnings has additional details.
(1) Revenues expected to be below the consensus estimates
Trefis estimates Caterpillar’s Q2 2021 revenues to be around $12.1 billion, compared to the $12.6 billion consensus estimate. While the project timelines and cash flows for real estate developers were affected due to the halt in certain construction activities, especially in Q2 2020, impacting Caterpillar’s business, the gradual opening up of economies and resumption of construction activities is likely to have aided sales in Q2. Other than construction, the company’s other segments – resource industries, and energy & transportation – will likely see a rebound in sales, as well. In fact, even in Q1 2021, Caterpillar’s overall sales were up 13%, led by a sharp 27% jump in construction industries, while resource, and energy & transportation revenues grew 6% and 4%, respectively. Our dashboard on Caterpillar’s Revenues offers more details on the company’s segments.
2) EPS likely to be below the consensus estimates
Caterpillar Q2 2021 adjusted earnings per share (EPS) is expected to be $2.32 per Trefis analysis, compared to $2.38 as per the consensus estimate. Caterpillar’s adjusted net income of around $1.6 billion in Q1 2021 reflected a 74% rise from its $911 million figure in the prior-year quarter. This can be attributed to higher revenues and expansion of margins. However, as we look forward, a pressure on the company’s margins is anticipated, given inflated raw materials costs, and continued supply chain challenges. For the full-year 2021, we expect the adjusted EPS to be higher at $9.72 compared to $6.56 in 2020.
(3) Stock price estimate slightly above the current market price
Going by our Caterpillar Valuation, with an EPS estimate of around $9.72 and a P/E multiple of around 22x in 2021, this translates into a price of $219, which is just 4% above the current market price of around $210. We know that CAT is poised to benefit from an economic recovery, with growth in construction industries, and this should bode well for its top-line expansion. However, we believe that the positives are largely priced in the current stock value of $210 per share, in our view, implying there is not much room for growth for CAT stock in the near term. That said, if the company reports upbeat results, with recovery in sales faster than our estimates, and the guidance for the full-year is revised upward, it will result in CAT stock seeing higher levels.
While CAT stock may have only a little room left for growth in the near term, 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 3M vs. Ingevity.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and 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 has resulted in a sharp rebound in overall equipment demand over the recent quarters, a trend likely continued in Q2 as well, the company’s overall performance may be weighed down by higher raw material costs and supply chain headwinds. The sales growth was driven by both an increase in end user demand as well as dealer inventory levels. We have updated our model following the Q2 release.
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The sales growth was driven by both an increase in end user demand as well as dealer inventory levels. We have updated our model following the Q2 release. Given the changes to our revenues and earnings forecast, we have revised our Caterpillar Valuation at $237 per share, based on $9.90 expected EPS and a little under 24x P/E multiple for 2021.
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The sales growth was driven by both an increase in end user demand as well as dealer inventory levels. We have updated our model following the Q2 release. Given the changes to our revenues and earnings forecast, we have revised our Caterpillar Valuation at $237 per share, based on $9.90 expected EPS and a little under 24x P/E multiple for 2021.
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The sales growth was driven by both an increase in end user demand as well as dealer inventory levels. We have updated our model following the Q2 release. Given the changes to our revenues and earnings forecast, we have revised our Caterpillar Valuation at $237 per share, based on $9.90 expected EPS and a little under 24x P/E multiple for 2021.
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da4dcbd4-0834-4cb1-9a7a-5d3e641cf340
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721477.0
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2021-08-10 00:00:00 UTC
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US STOCKS-Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate
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DE
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https://www.nasdaq.com/articles/us-stocks-dow-sp-500-close-at-records-as-u.s.-infrastructure-bill-clears-senate-2021-08-10
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nan
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nan
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By Chuck Mikolajczak
NEW YORK, Aug 10 (Reuters) - Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocksgained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.
The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
"The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.
"I do not believe the market is going to be OK with $3.5 trillion but there is still the possibility they are able to block it, or slow it, and have more conversation so the market isn’t focusing on that one yet."
Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were among the top performing S&P sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the gains of infrastructure projects.
The iShares US Infrastructure ETF IFRA.Z rose 1.45% and the Global X US Infrastructure Development ETF PAVE.Z advanced 2.19%.
Energy shares were buoyed as recently beaten down crude prices jumped nearly 3%.
The Dow Jones Industrial Average .DJI rose 162.82 points, or 0.46%, to 35,264.67, the S&P 500 .SPX gained 4.4 points, or 0.10%, to 4,436.75 and the Nasdaq Composite .IXIC dropped 72.09 points, or 0.49%, to 14,788.09.
With new coronavirus cases rising in the United States, progress on the infrastructure package should support the recovery in the world's largest economy.
The rapid spread of the Delta variant has pushed COVID-19 cases and hospitalizations to a six-month high, with cases averaging 100,000 for three days in a row - up 35% over the past week.
Investor will also watch inflation numbers this week for more insight into the Federal Reserve's monetary policy plans, in the wake of comments from two Fed officials on Monday that inflation was already at a level that could satisfy one portion of the requirement for the beginning of rate hikes.
AMC Entertainment AMC.N gave up early gains and ended the session 6.07% lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions.
Kansas City Southern KSU.N gained 7.47% after Canadian Pacific Railway Ltd CP.TO raised its offer for the U.S. railroad operator by about $2 billion to $27.29 billion.
Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.16-to-1 ratio favored decliners.
The S&P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 95 new lows.
Volume on U.S. exchanges was 8.99 billion shares, compared with the 9.61 billion average for the full session over the last 20 trading days.
(Reporting by Chuck Mikolajczak; Editing by David Gregorio)
((charles.mikolajczak@tr.com; @ChuckMik;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
AMC Entertainment AMC.N gave up early gains and ended the session 6.07% lower even after beating second-quarter revenue estimates as moviegoers returned to its theaters after a year of closures and restrictions. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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The iShares US Infrastructure ETF IFRA.Z rose 1.45% and the Global X US Infrastructure Development ETF PAVE.Z advanced 2.19%. The S&P 500 posted 50 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 95 new lows. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways.
|
Energy .SPNY, industrials .SPLRCI and materials .SPLRCM, which stand to benefit from an economic recovery, were among the top performing S&P sectors, while names such as Caterpillar CAT.N, Deere DE.N and Vulcan Materials VMC.N each rose about 2% as they are poised to reap the gains of infrastructure projects. The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. "The market is looking at it as part one is a done deal, the market is OK with that," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida. Senators also began voting on a follow-up $3.5 trillion spending package that Democrats plan to pass without Republican votes.
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6c784373-da37-480a-8058-8d62b5863e9d
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721478.0
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2021-08-10 00:00:00 UTC
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Notable ETF Outflow Detected - MTUM, DE, SQ, FCX
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DE
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-mtum-de-sq-fcx-2021-08-10
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $63.4 million dollar outflow -- that's a 0.4% decrease week over week (from 83,000,000 to 82,650,000). Among the largest underlying components of MTUM, in trading today Deere & Co. (Symbol: DE) is up about 1.2%, Square Inc (Symbol: SQ) is off about 0.7%, and Freeport-McMoran Copper & Gold (Symbol: FCX) is up by about 3.2%. For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average:
Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $182.21 as the 52 week high point — that compares with a last trade of $182.05. 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $182.21 as the 52 week high point — that compares with a last trade of $182.05. 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $182.21 as the 52 week high point — that compares with a last trade of $182.05. 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 MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $63.4 million dollar outflow -- that's a 0.4% decrease week over week (from 83,000,000 to 82,650,000).
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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 MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $63.4 million dollar outflow -- that's a 0.4% decrease week over week (from 83,000,000 to 82,650,000). For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $182.21 as the 52 week high point — that compares with a last trade of $182.05. 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $182.21 as the 52 week high point — that compares with a last trade of $182.05. 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).
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6ea40084-adae-458f-9c91-80326808cd9f
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721479.0
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2021-08-06 00:00:00 UTC
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Noteworthy Friday Option Activity: KSU, DE, AVGO
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DE
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-ksu-de-avgo-2021-08-06
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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 Kansas City Southern (Symbol: KSU), where a total volume of 3,155 contracts has been traded thus far today, a contract volume which is representative of approximately 315,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of KSU's average daily trading volume over the past month, of 722,020 shares. Especially high volume was seen for the $330 strike call option expiring September 17, 2021, with 1,111 contracts trading so far today, representing approximately 111,100 underlying shares of KSU. Below is a chart showing KSU's trailing twelve month trading history, with the $330 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 5,047 contracts thus far today. That number of contracts represents approximately 504,700 underlying shares, working out to a sizeable 41.6% of DE's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $367.50 strike call option expiring August 13, 2021, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $367.50 strike highlighted in orange:
And Broadcom Inc (Symbol: AVGO) saw options trading volume of 5,829 contracts, representing approximately 582,900 underlying shares or approximately 41.6% of AVGO's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $490 strike call option expiring August 06, 2021, with 1,444 contracts trading so far today, representing approximately 144,400 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $490 strike highlighted in orange:
For the various different available expirations for KSU options, DE options, or AVGO 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 $330 strike call option expiring September 17, 2021, with 1,111 contracts trading so far today, representing approximately 111,100 underlying shares of KSU. Especially high volume was seen for the $367.50 strike call option expiring August 13, 2021, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Particularly high volume was seen for the $490 strike call option expiring August 06, 2021, with 1,444 contracts trading so far today, representing approximately 144,400 underlying shares of AVGO.
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Below is a chart showing KSU's trailing twelve month trading history, with the $330 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 5,047 contracts thus far today. Especially high volume was seen for the $367.50 strike call option expiring August 13, 2021, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $367.50 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 5,829 contracts, representing approximately 582,900 underlying shares or approximately 41.6% of AVGO's average daily trading volume over the past month, of 1.4 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 Kansas City Southern (Symbol: KSU), where a total volume of 3,155 contracts has been traded thus far today, a contract volume which is representative of approximately 315,500 underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $367.50 strike call option expiring August 13, 2021, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $367.50 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 5,829 contracts, representing approximately 582,900 underlying shares or approximately 41.6% of AVGO's average daily trading volume over the past month, of 1.4 million shares.
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Especially high volume was seen for the $367.50 strike call option expiring August 13, 2021, with 331 contracts trading so far today, representing approximately 33,100 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $367.50 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 5,829 contracts, representing approximately 582,900 underlying shares or approximately 41.6% of AVGO's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing AVGO's trailing twelve month trading history, with the $490 strike highlighted in orange: For the various different available expirations for KSU options, DE options, or AVGO options, visit StockOptionsChannel.com.
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f6ec5b4c-42ae-45b1-8d77-3610971cc160
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721480.0
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2021-08-05 00:00:00 UTC
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Deere, Bear Flag aim to automate tractors as 'fast as possible'
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DE
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https://www.nasdaq.com/articles/deere-bear-flag-aim-to-automate-tractors-as-fast-as-possible-2021-08-05
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nan
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nan
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By Joseph White
Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab.
"We are effectively in market with real customers today," Dan Leibfried, Deere's Director of Automation and Autonomy, told Reuters. Bear Flag has been testing automated tractors on farms in California. Deere began working with the startup in 2019.
Over the next 12 months, Leibfriend said, Deere and Bear Flag intend to develop their automated tractor technology for commercial production in higher volume.
"We want to get this on farms as fast as possible," he said.
Bear Flag Chief Operating Officer Aubrey Donnellan said the company's technology is designed so it can be installed on an existing tractor.
"We retrofit existing machines. We want to deliver a solution growers can use in the short term" to respond to shortages of skilled labor in agriculture, Donnellan said.
So far, Donnellan said, Bear Flag has focused its development on automating tractors for tilling fields on California farms that aim to plant two or more crops a year. Self-driving tractors that run 24 hours a day can allow farmers to squeeze in extra plantings, she said.
"That's dollars in their pocket," she said.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber and Aurora Ellis)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the next 12 months, Leibfriend said, Deere and Bear Flag intend to develop their automated tractor technology for commercial production in higher volume. Bear Flag Chief Operating Officer Aubrey Donnellan said the company's technology is designed so it can be installed on an existing tractor. So far, Donnellan said, Bear Flag has focused its development on automating tractors for tilling fields on California farms that aim to plant two or more crops a year.
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Over the next 12 months, Leibfriend said, Deere and Bear Flag intend to develop their automated tractor technology for commercial production in higher volume. So far, Donnellan said, Bear Flag has focused its development on automating tractors for tilling fields on California farms that aim to plant two or more crops a year. By Joseph White Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab.
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By Joseph White Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab. Over the next 12 months, Leibfriend said, Deere and Bear Flag intend to develop their automated tractor technology for commercial production in higher volume. So far, Donnellan said, Bear Flag has focused its development on automating tractors for tilling fields on California farms that aim to plant two or more crops a year.
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By Joseph White Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab. Over the next 12 months, Leibfriend said, Deere and Bear Flag intend to develop their automated tractor technology for commercial production in higher volume. "We are effectively in market with real customers today," Dan Leibfried, Deere's Director of Automation and Autonomy, told Reuters.
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a56bdabf-0ad1-47b6-8c8b-5e5e49235b5b
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721481.0
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2021-08-05 00:00:00 UTC
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Deere to buy agro tech startup Bear Flag Robotics for $250 mln
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DE
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https://www.nasdaq.com/articles/deere-to-buy-agro-tech-startup-bear-flag-robotics-for-%24250-mln-2021-08-05
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nan
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nan
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Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)
((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 5 (Reuters) - U.S. tractor maker Deere & Co DE.N said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber) ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2508a6c3-9e2c-40e1-8d1f-b5b3f349c208
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721482.0
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2021-08-05 00:00:00 UTC
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Deere, Caterpillar reinstate mask mandates
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DE
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https://www.nasdaq.com/articles/deere-caterpillar-reinstate-mask-mandates-2021-08-05
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nan
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nan
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CHICAGO, Aug 5 (Reuters) - Caterpillar Inc CAT.N and Deere & Co DE.N reintroduced mask mandates for employees, suppliers and visitors to their facilities regardless of vaccination status, the companies said.
The two companies revised their mask policies this week after the U.S. Centers for Disease Control and Prevention (CDC) last week recommended fully vaccinated people wear masks in indoor public places.
The companies said they are not requiring vaccines for their workers.
Kate Kenny, a Caterpillar spokesperson, said the company is encouraging employees to get vaccinated. Deere said on-site clinics make it easier for employees to get the shots.
The fast-spreading Delta variant has forced many companies to review their mask and vaccination policies.
(Reporting by Rajesh Kumar Singh; Editing by Cynthia Osterman)
((rajeshkumar.singh@thomsonreuters.com; +1-312-408-8537; Reuters Messaging: rajeshkumar.singh.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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CHICAGO, Aug 5 (Reuters) - Caterpillar Inc CAT.N and Deere & Co DE.N reintroduced mask mandates for employees, suppliers and visitors to their facilities regardless of vaccination status, the companies said. The two companies revised their mask policies this week after the U.S. Centers for Disease Control and Prevention (CDC) last week recommended fully vaccinated people wear masks in indoor public places. The fast-spreading Delta variant has forced many companies to review their mask and vaccination policies.
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CHICAGO, Aug 5 (Reuters) - Caterpillar Inc CAT.N and Deere & Co DE.N reintroduced mask mandates for employees, suppliers and visitors to their facilities regardless of vaccination status, the companies said. The two companies revised their mask policies this week after the U.S. Centers for Disease Control and Prevention (CDC) last week recommended fully vaccinated people wear masks in indoor public places. The fast-spreading Delta variant has forced many companies to review their mask and vaccination policies.
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CHICAGO, Aug 5 (Reuters) - Caterpillar Inc CAT.N and Deere & Co DE.N reintroduced mask mandates for employees, suppliers and visitors to their facilities regardless of vaccination status, the companies said. The two companies revised their mask policies this week after the U.S. Centers for Disease Control and Prevention (CDC) last week recommended fully vaccinated people wear masks in indoor public places. The fast-spreading Delta variant has forced many companies to review their mask and vaccination policies.
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CHICAGO, Aug 5 (Reuters) - Caterpillar Inc CAT.N and Deere & Co DE.N reintroduced mask mandates for employees, suppliers and visitors to their facilities regardless of vaccination status, the companies said. The two companies revised their mask policies this week after the U.S. Centers for Disease Control and Prevention (CDC) last week recommended fully vaccinated people wear masks in indoor public places. Deere said on-site clinics make it easier for employees to get the shots.
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24147c2b-0328-4be8-8220-d8ed87382714
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721483.0
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2021-07-30 00:00:00 UTC
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MTUM, TSLA, MRNA, DE: ETF Outflow Alert
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DE
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https://www.nasdaq.com/articles/mtum-tsla-mrna-de%3A-etf-outflow-alert-2021-07-30
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $1.2 billion dollar outflow -- that's a 7.4% decrease week over week (from 89,950,000 to 83,300,000). Among the largest underlying components of MTUM, in trading today Tesla Inc (Symbol: TSLA) is up about 1.3%, Moderna Inc (Symbol: MRNA) is up about 1.5%, and Deere & Co. (Symbol: DE) is lower by about 0.2%. For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average:
Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $179.38 as the 52 week high point — that compares with a last trade of $175.60. 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $179.38 as the 52 week high point — that compares with a last trade of $175.60. 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $179.38 as the 52 week high point — that compares with a last trade of $175.60. 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 MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $1.2 billion dollar outflow -- that's a 7.4% decrease week over week (from 89,950,000 to 83,300,000).
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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 MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $1.2 billion dollar outflow -- that's a 7.4% decrease week over week (from 89,950,000 to 83,300,000). For a complete list of holdings, visit the MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $179.38 as the 52 week high point — that compares with a last trade of $175.60. 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 MTUM Holdings page » The chart below shows the one year price performance of MTUM, versus its 200 day moving average: Looking at the chart above, MTUM's low point in its 52 week range is $137.82 per share, with $179.38 as the 52 week high point — that compares with a last trade of $175.60. 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).
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a828d8af-eb5d-4229-986b-de2a2fbd3a7a
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721484.0
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2021-07-30 00:00:00 UTC
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Should You Be Adding Deere (NYSE:DE) To Your Watchlist Today?
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DE
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https://www.nasdaq.com/articles/should-you-be-adding-deere-nyse%3Ade-to-your-watchlist-today-2021-07-30
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nan
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nan
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Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. Unfortunately, high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson.
In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deere (NYSE:DE). While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.
How Quickly Is Deere Increasing Earnings Per Share?
If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS). It's no surprise, then, that I like to invest in companies with EPS growth. It certainly is nice to see that Deere has managed to grow EPS by 37% per year over three years. If the company can sustain that sort of growth, we'd expect shareholders to come away winners.
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. I note that Deere's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. The good news is that Deere is growing revenues, and EBIT margins improved by 7.3 percentage points to 18%, over the last year. Ticking those two boxes is a good sign of growth, in my book.
The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.
NYSE:DE Earnings and Revenue History July 30th 2021
Fortunately, we've got access to analyst forecasts of Deere's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
Are Deere Insiders Aligned With All Shareholders?
Like that fresh smell in the air when the rains are coming, insider buying fills me with optimistic anticipation. This view is based on the possibility that stock purchases signal bullishness on behalf of the buyer. However, small purchases are not always indicative of conviction, and insiders don't always get it right.
Like a sturdy phalanx Deere insiders have stood united by refusing to sell shares over the last year. But my excitement comes from the US$99k that Independent Director Tamara Erwin spent buying shares (at an average price of about US$360).
Along with the insider buying, another encouraging sign for Deere is that insiders, as a group, have a considerable shareholding. Notably, they have an enormous stake in the company, worth US$219m. I would find that kind of skin in the game quite encouraging, if I owned shares, since it would ensure that the leaders of the company would also experience my success, or failure, with the stock.
Should You Add Deere To Your Watchlist?
For growth investors like me, Deere's raw rate of earnings growth is a beacon in the night. The cranberry sauce on the turkey is that insiders own a bunch of shares, and one has been buying more. So I do think this is one stock worth watching. Still, you should learn about the 1 warning sign we've spotted with Deere .
As a growth investor I do like to see insider buying. But Deere isn't the only one. You can see a a free list of them here.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deere (NYSE:DE). NYSE:DE Earnings and Revenue History July 30th 2021 Fortunately, we've got access to analyst forecasts of Deere's future profits. I would find that kind of skin in the game quite encouraging, if I owned shares, since it would ensure that the leaders of the company would also experience my success, or failure, with the stock.
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In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Deere (NYSE:DE). While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. How Quickly Is Deere Increasing Earnings Per Share?
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While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. Along with the insider buying, another encouraging sign for Deere is that insiders, as a group, have a considerable shareholding.
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While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. Along with the insider buying, another encouraging sign for Deere is that insiders, as a group, have a considerable shareholding. As a growth investor I do like to see insider buying.
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d2709f4d-71d9-4a68-84ec-4a9804b2af04
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721485.0
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2021-07-29 00:00:00 UTC
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September 10th Options Now Available For Deere
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DE
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https://www.nasdaq.com/articles/september-10th-options-now-available-for-deere-2021-07-29
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 10th contracts and identified one put and one call contract of particular interest.
The put contract at the $355.00 strike price has a current bid of $10.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $355.00, but will also collect the premium, putting the cost basis of the shares at $345.00 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $357.95/share today.
Because the $355.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.82% return on the cash commitment, or 23.91% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $355.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $7.75. If an investor was to purchase shares of DE stock at the current price level of $357.95/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $370.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.53% if the stock gets called away at the September 10th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red:
Considering the fact that the $370.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.17% boost of extra return to the investor, or 18.38% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $357.95) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the September 10th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 10th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $355.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $7.75. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $355.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $370.00 strike price has a current bid of $7.75. Below is a chart showing DE's trailing twelve month trading history, with the $370.00 strike highlighted in red: Considering the fact that the $370.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the September 10th expiration.
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e53555ce-2830-4008-8c85-eea54cdf0484
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721486.0
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2021-07-27 00:00:00 UTC
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Notable Tuesday Option Activity: DE, LMND, DLTR
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DE
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-de-lmnd-dltr-2021-07-27
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 6,491 contracts has been traded thus far today, a contract volume which is representative of approximately 649,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.3% of DE's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $390 strike call option expiring September 17, 2021, with 323 contracts trading so far today, representing approximately 32,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange:
Lemonade Inc (Symbol: LMND) saw options trading volume of 5,687 contracts, representing approximately 568,700 underlying shares or approximately 46.5% of LMND's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $80 strike put option expiring July 30, 2021, with 925 contracts trading so far today, representing approximately 92,500 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $80 strike highlighted in orange:
And Dollar Tree Inc (Symbol: DLTR) saw options trading volume of 8,863 contracts, representing approximately 886,300 underlying shares or approximately 46.4% of DLTR's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $110 strike call option expiring August 20, 2021, with 3,751 contracts trading so far today, representing approximately 375,100 underlying shares of DLTR. Below is a chart showing DLTR's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for DE options, LMND options, or DLTR 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 $390 strike call option expiring September 17, 2021, with 323 contracts trading so far today, representing approximately 32,300 underlying shares of DE. Particularly high volume was seen for the $80 strike put option expiring July 30, 2021, with 925 contracts trading so far today, representing approximately 92,500 underlying shares of LMND. Particularly high volume was seen for the $110 strike call option expiring August 20, 2021, with 3,751 contracts trading so far today, representing approximately 375,100 underlying shares of DLTR.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 6,491 contracts has been traded thus far today, a contract volume which is representative of approximately 649,100 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange: Lemonade Inc (Symbol: LMND) saw options trading volume of 5,687 contracts, representing approximately 568,700 underlying shares or approximately 46.5% of LMND's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing LMND's trailing twelve month trading history, with the $80 strike highlighted in orange: And Dollar Tree Inc (Symbol: DLTR) saw options trading volume of 8,863 contracts, representing approximately 886,300 underlying shares or approximately 46.4% of DLTR's average daily trading volume over the past month, of 1.9 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Deere & Co. (Symbol: DE), where a total volume of 6,491 contracts has been traded thus far today, a contract volume which is representative of approximately 649,100 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange: Lemonade Inc (Symbol: LMND) saw options trading volume of 5,687 contracts, representing approximately 568,700 underlying shares or approximately 46.5% of LMND's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing LMND's trailing twelve month trading history, with the $80 strike highlighted in orange: And Dollar Tree Inc (Symbol: DLTR) saw options trading volume of 8,863 contracts, representing approximately 886,300 underlying shares or approximately 46.4% of DLTR's average daily trading volume over the past month, of 1.9 million shares.
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Below is a chart showing DE's trailing twelve month trading history, with the $390 strike highlighted in orange: Lemonade Inc (Symbol: LMND) saw options trading volume of 5,687 contracts, representing approximately 568,700 underlying shares or approximately 46.5% of LMND's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $80 strike put option expiring July 30, 2021, with 925 contracts trading so far today, representing approximately 92,500 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $80 strike highlighted in orange: And Dollar Tree Inc (Symbol: DLTR) saw options trading volume of 8,863 contracts, representing approximately 886,300 underlying shares or approximately 46.4% of DLTR's average daily trading volume over the past month, of 1.9 million shares.
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36a2c2c1-5827-4894-a352-4289fd10285e
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721487.0
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2021-07-23 00:00:00 UTC
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Want a bigger raise? How about $50? U.S. companies push COVID shots for staff
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DE
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https://www.nasdaq.com/articles/want-a-bigger-raise-how-about-%2450-u.s.-companies-push-covid-shots-for-staff-2021-07-23
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nan
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nan
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By Timothy Aeppel and Ben Klayman
July 23 (Reuters) - Kevin Kelly is hitting his anti-vax workers where it may hurt them most: their paychecks.
On Sept. 1, when regular raises go through for the 250 workers at Emerald Packaging Inc.'s plastic bag factory outside San Francisco, those fully vaccinated will get a 3% bump, while those who resisted vaccination will get only half, 1.5%.
"With the Delta variant spreading quickly and likely to hit the unvaccinated here, and thus put everyone at risk for sickness, it likely is my last best shot to get people jabbed," said Kelly, chief executive of the family-owned manufacturing operation.
Kelly plans to tell workers on Aug. 1, to give them time to get vaccinated if they want the larger raise.
A national vaccination campaign spearheaded by the Biden administration peaked at 3.3 million doses a day in mid-April and has been limping along at a daily pace of just over 500,000 since the Fourth of July holiday. At the current pace, most models show the country won't reach the lowest threshold for herd immunity - around 70% - until late this year.
Now, with those government efforts having stalled, companies like Kelly's have taken on the task of cajoling reluctant workers to get the vaccine.
Unlike large swaths of the service sector - which can keep many workers remote in the face of a renewed virus wave - manufacturers and many other front-line businesses don't have that option, so some are getting creative in pushing people to take the vaccine. With order books bulging as the economy continues its recovery and labor supply already thin, many are fearful of losing staff time to the illness.
COVID-19 infections are increasing across the country, according to Reuters data, with some 40,000 infections reported on average every day. That’s 16% of the daily peak seen during the pandemic in January, but the fast-spreading Delta variant is now making headway, especially in many traditionally industrial Midwestern states where vaccination rates are lower than in coastal regions and major cities.
FROM 'STRONGLY ENCOURAGING' TO HERE'S $50
German carmaker Daimler AG DAIGn.DE has opened pop-up vaccine clinics at its larger U.S. sites and adjusted work schedules so that employees, and in many cases their dependents, can get shots conveniently. Deere & Co DE.N, the Moline, Illinois-based tractor maker, said it has no requirements that workers get the shots. But employees, as well as suppliers and other visitors to its locations, who are not vaccinated must continue to wear masks.
Forcing action on any medical issue is a delicate dance for employers. Even offering incentives must be done carefully, to avoid running afoul of workplace regulations protecting employee rights.
"We not mandating - but we're strongly encouraging" our workers to get the vaccine, said Jay Baker, chief executive of Jamestown Plastics Inc., a 150-employee firm in upstate New York. He also refuses to offer any incentives - like free food or raffles - and worries peer pressure among workers could devolve into "unhealthy" pressure. "People saying - I got my turkey, why don't you have your turkey? It sounds like middle school."
Bob Roth, co-owner of RoMan Manufacturing, a small producer of transformers and glass-molding equipment in Grand Rapids, Michigan, has offered workers a crisp $50 bill as a "thank you gift" for getting the shot. The company kept it small and called it a thank you, not a formal incentive, he said, because of the vagaries of federal labor law.
The cash has had limited impact. Only slightly more than half of Roth's workforce has gotten the vaccine, and Roth is flummoxed by the attitude of many of his anti-vax workers. Most of the reasoning he's heard is "bizarre," he said, including worries about the vaccines causing sterility or being produced too quickly. "No facts to back any of that crap up," he said.
Many companies fret that a wave of sickness could make it harder to keep up with already overflowing order books. Roth estimates his backlog of business is three times larger than a year ago, as the shutdown delayed work and strong economic growth is now fueling demand.
At Emerald Packaging, which makes plastic bags used to package fresh produce like pre-cut lettuce, business has boomed during the pandemic and Kelly, the CEO, said the last thing he needs is another wave of workers having to stay away from work because of new infections. He estimates about 80% of his workers are vaccinated, while the remainder are roughly divided between people who are scared of vaccines and "the other 10% that are just hardcore" opposed.
"Everyone loved me during the pandemic, when I was doing all these things to keep people safe," he said. "Now the anti-vax people all think I'm an asshole."
He knows he won't ever get to 100%, but would like to get closer to 90%. "We just need our own little herd immunity," he said.
(Reporting by Timothy Aeppel and Ben Klayman; Additional reporting by Rajesh Kumar Singh; Editing by Dan Burns and Andrea Ricci)
((Tim.Aeppel@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That’s 16% of the daily peak seen during the pandemic in January, but the fast-spreading Delta variant is now making headway, especially in many traditionally industrial Midwestern states where vaccination rates are lower than in coastal regions and major cities. On Sept. 1, when regular raises go through for the 250 workers at Emerald Packaging Inc.'s plastic bag factory outside San Francisco, those fully vaccinated will get a 3% bump, while those who resisted vaccination will get only half, 1.5%. "With the Delta variant spreading quickly and likely to hit the unvaccinated here, and thus put everyone at risk for sickness, it likely is my last best shot to get people jabbed," said Kelly, chief executive of the family-owned manufacturing operation.
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On Sept. 1, when regular raises go through for the 250 workers at Emerald Packaging Inc.'s plastic bag factory outside San Francisco, those fully vaccinated will get a 3% bump, while those who resisted vaccination will get only half, 1.5%. At Emerald Packaging, which makes plastic bags used to package fresh produce like pre-cut lettuce, business has boomed during the pandemic and Kelly, the CEO, said the last thing he needs is another wave of workers having to stay away from work because of new infections. "With the Delta variant spreading quickly and likely to hit the unvaccinated here, and thus put everyone at risk for sickness, it likely is my last best shot to get people jabbed," said Kelly, chief executive of the family-owned manufacturing operation.
|
On Sept. 1, when regular raises go through for the 250 workers at Emerald Packaging Inc.'s plastic bag factory outside San Francisco, those fully vaccinated will get a 3% bump, while those who resisted vaccination will get only half, 1.5%. He estimates about 80% of his workers are vaccinated, while the remainder are roughly divided between people who are scared of vaccines and "the other 10% that are just hardcore" opposed. "With the Delta variant spreading quickly and likely to hit the unvaccinated here, and thus put everyone at risk for sickness, it likely is my last best shot to get people jabbed," said Kelly, chief executive of the family-owned manufacturing operation.
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Only slightly more than half of Roth's workforce has gotten the vaccine, and Roth is flummoxed by the attitude of many of his anti-vax workers. At Emerald Packaging, which makes plastic bags used to package fresh produce like pre-cut lettuce, business has boomed during the pandemic and Kelly, the CEO, said the last thing he needs is another wave of workers having to stay away from work because of new infections. On Sept. 1, when regular raises go through for the 250 workers at Emerald Packaging Inc.'s plastic bag factory outside San Francisco, those fully vaccinated will get a 3% bump, while those who resisted vaccination will get only half, 1.5%.
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9aa78e62-7d8f-4185-b8e5-aa16f2c7b376
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721488.0
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2021-07-22 00:00:00 UTC
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Interesting DE Put And Call Options For September 3rd
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DE
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https://www.nasdaq.com/articles/interesting-de-put-and-call-options-for-september-3rd-2021-07-22
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the September 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 3rd contracts and identified one put and one call contract of particular interest.
The put contract at the $350.00 strike price has a current bid of $10.65. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $350.00, but will also collect the premium, putting the cost basis of the shares at $339.35 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $352.76/share today.
Because the $350.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.04% return on the cash commitment, or 25.83% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $350.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $355.00 strike price has a current bid of $10.25. If an investor was to purchase shares of DE stock at the current price level of $352.76/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $355.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.54% if the stock gets called away at the September 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $355.00 strike highlighted in red:
Considering the fact that the $355.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.91% boost of extra return to the investor, or 24.66% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $352.76) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $355.00 strike highlighted in red: Considering the fact that the $355.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the September 3rd expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $355.00 strike highlighted in red: Considering the fact that the $355.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the September 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 3rd contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $350.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $355.00 strike price has a current bid of $10.25. Below is a chart showing DE's trailing twelve month trading history, with the $355.00 strike highlighted in red: Considering the fact that the $355.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new September 3rd contracts and identified one put and one call contract of particular interest. Below is a chart showing DE's trailing twelve month trading history, with the $355.00 strike highlighted in red: Considering the fact that the $355.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options become available today, for the September 3rd expiration.
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62c070ed-2286-473c-8ff6-f572a90bfa01
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721489.0
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2021-07-21 00:00:00 UTC
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Noteworthy ETF Inflows: ESGV, CAT, DE, CVS
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-esgv-cat-de-cvs-2021-07-21
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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 Vanguard ESG U.S. Stock ETF (Symbol: ESGV) where we have detected an approximate $207.5 million dollar inflow -- that's a 4.5% increase week over week in outstanding units (from 57,500,000 to 60,075,000). Among the largest underlying components of ESGV, in trading today Caterpillar Inc. (Symbol: CAT) is up about 1%, Deere & Co. (Symbol: DE) is up about 1.3%, and CVS Health Corporation (Symbol: CVS) is up by about 1.2%. For a complete list of holdings, visit the ESGV Holdings page » The chart below shows the one year price performance of ESGV, versus its 200 day moving average:
Looking at the chart above, ESGV's low point in its 52 week range is $58.1715 per share, with $81.67 as the 52 week high point — that compares with a last trade of $80.94. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and 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 ESGV Holdings page » The chart below shows the one year price performance of ESGV, versus its 200 day moving average: Looking at the chart above, ESGV's low point in its 52 week range is $58.1715 per share, with $81.67 as the 52 week high point — that compares with a last trade of $80.94. 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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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard ESG U.S. Stock ETF (Symbol: ESGV) where we have detected an approximate $207.5 million dollar inflow -- that's a 4.5% increase week over week in outstanding units (from 57,500,000 to 60,075,000). Among the largest underlying components of ESGV, in trading today Caterpillar Inc. (Symbol: CAT) is up about 1%, Deere & Co. (Symbol: DE) is up about 1.3%, and CVS Health Corporation (Symbol: CVS) is up by about 1.2%. For a complete list of holdings, visit the ESGV Holdings page » The chart below shows the one year price performance of ESGV, versus its 200 day moving average: Looking at the chart above, ESGV's low point in its 52 week range is $58.1715 per share, with $81.67 as the 52 week high point — that compares with a last trade of $80.94.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard ESG U.S. Stock ETF (Symbol: ESGV) where we have detected an approximate $207.5 million dollar inflow -- that's a 4.5% increase week over week in outstanding units (from 57,500,000 to 60,075,000). For a complete list of holdings, visit the ESGV Holdings page » The chart below shows the one year price performance of ESGV, versus its 200 day moving average: Looking at the chart above, ESGV's low point in its 52 week range is $58.1715 per share, with $81.67 as the 52 week high point — that compares with a last trade of $80.94. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard ESG U.S. Stock ETF (Symbol: ESGV) where we have detected an approximate $207.5 million dollar inflow -- that's a 4.5% increase week over week in outstanding units (from 57,500,000 to 60,075,000). For a complete list of holdings, visit the ESGV Holdings page » The chart below shows the one year price performance of ESGV, versus its 200 day moving average: Looking at the chart above, ESGV's low point in its 52 week range is $58.1715 per share, with $81.67 as the 52 week high point — that compares with a last trade of $80.94. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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dbd4533f-366c-48b7-a2c2-a763fc0d7f3a
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721490.0
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2021-07-21 00:00:00 UTC
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Why This Surprising Sector Is Suddenly Hot
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DE
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https://www.nasdaq.com/articles/why-this-surprising-sector-is-suddenly-hot-2021-07-21
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nan
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nan
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The farming sector might not be everyone's first choice when looking for stocks benefiting from disruptive technology, but don't tell that to agriculture equipment manufacturers. The emergence of so-called "precision agriculture" is one of the big growth stories of the Internet-of-Things (IoT) era.
Let's take a look at what's going on with the convergence of tech and agriculture and how investors can profit from it.
A big deal in the precision agriculture sector
Precision agriculture, or precision ag, uses real-time data points (gathered from embedded web-enabled devices) to help farmers make the right decisions over everything from preparing the soil to planting seeds, nurturing, and ultimately harvesting. It's a technology at the heart of the reason why agriculture and construction equipment manufacturer CNH Industrial (NYSE: CNHI) recently agreed on a deal to buy Raven Industries (NASDAQ: RAVN) for $2.1 billion.
Image source: Getty Images.
CNH CEO Scott Wine said the acquisition "emphasizes our commitment to enhance our precision farming portfolio and aligns with our digital transformation strategy." However, the applied technology (precision ag) business only generated $26.5 million worth of the $46.7 million segment income in the 12 months ended on Jan. 31.
Raven also has engineered films (polymer films and sheets) and aerostar (stratospheric balloons) businesses which CNH plans to make "strategic reviews" of. Don't be surprised if the reviews result in an intent to dispose of the businesses. As such, the focus of the deal is clearly on Raven's precision ag business, and CNH is willing to make a $2.1 billion purchase to acquire a business with just $26.6 million in income in fiscal 2020.
A high growth market
CNH's management believes the precision ag market will expand fourfold as precision ag adoption rates grow from between 10% and 40% of equipment to closer to 100% over time. In that context, the deal is essential for CNH to better compete with the early leader in precision ag, Deere & Company (NYSE: DE).
Deere's precision ag solutions are sold with its equipment, so it's not easy to get an exact fix on them. However, it's highly likely that their addition is margin-enhancive and adds significantly to revenue growth. For example, Deere's management expects its production and precision ag business segment net sales to grow by 25% to 30% in 2021, with price realization responsible for a 7% increase alone. Meanwhile, the production and precision ag segment operating margin is expected to increase between 20% and 21% from 15.2% in 2020. It's hard to think that precision ag isn't a significant driver of revenue and earnings for Deere.
Deere's plans for precision ag are deeply integrated into its overall strategy to help farmers maximize productivity. For example, ExactApply helps control spraying while ExactRate precisely monitors and controls the application of fertilizer. AutoPath uses data gathered from the "first pass" to produce highly accurate guidelines for planting, spraying, and harvesting.
Image source: Getty Images.
Deere even has robotics technology (Blue River) that uses computer vision to differentiate weeds and crops to spray herbicide on one and fertilizer on the other. Meanwhile, the Harvest Profit business acquired in late 2020 helps farmers predict and gauge profitability on a field-by-field basis. Put all together, Deere's solutions are revolutionizing the productivity of farming.
Positioning technology gives Trimble a path into agriculture
Industrial technology company Trimble (NASDAQ: TRMB) specializes in positioning hardware and software. Its roots are in positioning technology for the geospatial industry (surveying and mapping). Still, these days its major end markets also include construction (providing precise positioning points for contractors), transportation (enabling real-time fleet management), and agriculture.
Trimble doesn't give sole exposure to the precision agriculture sector, but it is a pure play on positioning technology across various industries. That's also why it's the largest holding in ARK Invest CEO Cathie Wood's ARK Space Exploration and Innovation ETF.
The growth of data analytics and applications will enable further integration of Trimble's solutions into working activities across a range of industries, and that spells a lot of long-term growth for the company.
Looking ahead
The Raven Industries acquisition is a $2.1 billion confirmation that the precision ag revolution is real and that should provide support to the investment theses at Deere and Trimble. In a sense, CNH is playing catch-up with Deere, but given the growth potential in the market, there should be room for all these companies to grow precision ag earnings for many years to come.
10 stocks we like better than Deere & Company
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends 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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Still, these days its major end markets also include construction (providing precise positioning points for contractors), transportation (enabling real-time fleet management), and agriculture. Looking ahead The Raven Industries acquisition is a $2.1 billion confirmation that the precision ag revolution is real and that should provide support to the investment theses at Deere and Trimble. In a sense, CNH is playing catch-up with Deere, but given the growth potential in the market, there should be room for all these companies to grow precision ag earnings for many years to come.
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A big deal in the precision agriculture sector Precision agriculture, or precision ag, uses real-time data points (gathered from embedded web-enabled devices) to help farmers make the right decisions over everything from preparing the soil to planting seeds, nurturing, and ultimately harvesting. Still, these days its major end markets also include construction (providing precise positioning points for contractors), transportation (enabling real-time fleet management), and agriculture. It's a technology at the heart of the reason why agriculture and construction equipment manufacturer CNH Industrial (NYSE: CNHI) recently agreed on a deal to buy Raven Industries (NASDAQ: RAVN) for $2.1 billion.
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A big deal in the precision agriculture sector Precision agriculture, or precision ag, uses real-time data points (gathered from embedded web-enabled devices) to help farmers make the right decisions over everything from preparing the soil to planting seeds, nurturing, and ultimately harvesting. In a sense, CNH is playing catch-up with Deere, but given the growth potential in the market, there should be room for all these companies to grow precision ag earnings for many years to come. It's a technology at the heart of the reason why agriculture and construction equipment manufacturer CNH Industrial (NYSE: CNHI) recently agreed on a deal to buy Raven Industries (NASDAQ: RAVN) for $2.1 billion.
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A big deal in the precision agriculture sector Precision agriculture, or precision ag, uses real-time data points (gathered from embedded web-enabled devices) to help farmers make the right decisions over everything from preparing the soil to planting seeds, nurturing, and ultimately harvesting. As such, the focus of the deal is clearly on Raven's precision ag business, and CNH is willing to make a $2.1 billion purchase to acquire a business with just $26.6 million in income in fiscal 2020. It's a technology at the heart of the reason why agriculture and construction equipment manufacturer CNH Industrial (NYSE: CNHI) recently agreed on a deal to buy Raven Industries (NASDAQ: RAVN) for $2.1 billion.
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605ecb46-32c1-4c93-b847-ace67156d8d2
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721491.0
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2021-07-20 00:00:00 UTC
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How The Pieces Add Up: XLI Headed For $112
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https://www.nasdaq.com/articles/how-the-pieces-add-up%3A-xli-headed-for-%24112-2021-07-20
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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 The Industrial Select Sector SPDR— Fund ETF (Symbol: XLI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $111.57 per unit.
With XLI trading at a recent price near $99.78 per unit, that means that analysts see 11.82% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XLI's underlying holdings with notable upside to their analyst target prices are Deere & Co. (Symbol: DE), Textron Inc (Symbol: TXT), and TransDigm Group Inc (Symbol: TDG). Although DE has traded at a recent price of $334.95/share, the average analyst target is 13.53% higher at $380.27/share. Similarly, TXT has 13.30% upside from the recent share price of $63.55 if the average analyst target price of $72.00/share is reached, and analysts on average are expecting TDG to reach a target price of $684.31/share, which is 12.61% above the recent price of $607.66. Below is a twelve month price history chart comparing the stock performance of DE, TXT, and TDG:
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
The Industrial Select Sector SPDR— Fund ETF XLI $99.78 $111.57 11.82%
Deere & Co. DE $334.95 $380.27 13.53%
Textron Inc TXT $63.55 $72.00 13.30%
TransDigm Group Inc TDG $607.66 $684.31 12.61%
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 DE has traded at a recent price of $334.95/share, the average analyst target is 13.53% higher at $380.27/share. The Industrial Select Sector SPDR— Fund ETF XLI $99.78 $111.57 11.82% Deere & Co. DE $334.95 $380.27 13.53% Textron Inc TXT $63.55 $72.00 13.30% TransDigm Group Inc TDG $607.66 $684.31 12.61% 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 XLI's underlying holdings with notable upside to their analyst target prices are Deere & Co. (Symbol: DE), Textron Inc (Symbol: TXT), and TransDigm Group Inc (Symbol: TDG). Similarly, TXT has 13.30% upside from the recent share price of $63.55 if the average analyst target price of $72.00/share is reached, and analysts on average are expecting TDG to reach a target price of $684.31/share, which is 12.61% above the recent price of $607.66. The Industrial Select Sector SPDR— Fund ETF XLI $99.78 $111.57 11.82% Deere & Co. DE $334.95 $380.27 13.53% Textron Inc TXT $63.55 $72.00 13.30% TransDigm Group Inc TDG $607.66 $684.31 12.61% 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, TXT has 13.30% upside from the recent share price of $63.55 if the average analyst target price of $72.00/share is reached, and analysts on average are expecting TDG to reach a target price of $684.31/share, which is 12.61% above the recent price of $607.66. 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 XLI trading at a recent price near $99.78 per unit, that means that analysts see 11.82% upside for this ETF looking through to the average analyst targets of the underlying holdings. The Industrial Select Sector SPDR— Fund ETF XLI $99.78 $111.57 11.82% Deere & Co. DE $334.95 $380.27 13.53% Textron Inc TXT $63.55 $72.00 13.30% TransDigm Group Inc TDG $607.66 $684.31 12.61% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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23b50867-cf41-411c-9ce6-7a10e02ce685
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721492.0
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2021-07-19 00:00:00 UTC
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Noteworthy Monday Option Activity: LUV, DE, INTC
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-luv-de-intc-2021-07-19
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Southwest Airlines Co (Symbol: LUV), where a total volume of 37,555 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.6% of LUV's average daily trading volume over the past month, of 7.3 million shares. Particularly high volume was seen for the $50 strike call option expiring August 20, 2021, with 4,277 contracts trading so far today, representing approximately 427,700 underlying shares of LUV. Below is a chart showing LUV's trailing twelve month trading history, with the $50 strike highlighted in orange:
Deere & Co. (Symbol: DE) options are showing a volume of 8,968 contracts thus far today. That number of contracts represents approximately 896,800 underlying shares, working out to a sizeable 46.8% of DE's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $340 strike put option expiring September 17, 2021, with 324 contracts trading so far today, representing approximately 32,400 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $340 strike highlighted in orange:
And Intel Corp (Symbol: INTC) options are showing a volume of 98,526 contracts thus far today. That number of contracts represents approximately 9.9 million underlying shares, working out to a sizeable 44.1% of INTC's average daily trading volume over the past month, of 22.3 million shares. Particularly high volume was seen for the $50 strike put option expiring August 20, 2021, with 7,576 contracts trading so far today, representing approximately 757,600 underlying shares of INTC. Below is a chart showing INTC's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for LUV options, DE options, or INTC 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 $50 strike call option expiring August 20, 2021, with 4,277 contracts trading so far today, representing approximately 427,700 underlying shares of LUV. Especially high volume was seen for the $340 strike put option expiring September 17, 2021, with 324 contracts trading so far today, representing approximately 32,400 underlying shares of DE. Particularly high volume was seen for the $50 strike put option expiring August 20, 2021, with 7,576 contracts trading so far today, representing approximately 757,600 underlying shares of INTC.
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Below is a chart showing LUV's trailing twelve month trading history, with the $50 strike highlighted in orange: Deere & Co. (Symbol: DE) options are showing a volume of 8,968 contracts thus far today. That number of contracts represents approximately 896,800 underlying shares, working out to a sizeable 46.8% of DE's average daily trading volume over the past month, of 1.9 million shares. That number of contracts represents approximately 9.9 million underlying shares, working out to a sizeable 44.1% of INTC's average daily trading volume over the past month, of 22.3 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 Southwest Airlines Co (Symbol: LUV), where a total volume of 37,555 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 9.9 million underlying shares, working out to a sizeable 44.1% of INTC's average daily trading volume over the past month, of 22.3 million shares. Particularly high volume was seen for the $50 strike put option expiring August 20, 2021, with 7,576 contracts trading so far today, representing approximately 757,600 underlying shares of INTC.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Southwest Airlines Co (Symbol: LUV), where a total volume of 37,555 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $50 strike call option expiring August 20, 2021, with 4,277 contracts trading so far today, representing approximately 427,700 underlying shares of LUV. Below is a chart showing INTC's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for LUV options, DE options, or INTC options, visit StockOptionsChannel.com.
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37910e1b-0913-44ec-ac4e-692df866438a
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721493.0
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2021-07-13 00:00:00 UTC
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Deere Is an Actual Buy-the-Dip Opportunity
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https://www.nasdaq.com/articles/deere-is-an-actual-buy-the-dip-opportunity-2021-07-13
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
We’re currently in a polarized market, and it seems as though it doesn’t know exactly what it would like to do. Many investors have relied on buying into various dips of late as a consequence. Deere (NYSE:DE) stock is one of the stocks to buy.
Source: Jim Lambert / Shutterstock.com
DE stock has traded down from its impressive highs a few months ago. Analysts were very optimistic about the stock before it fell by more than 10%. After various bullish big banking price targets were released, the company released its earnings, which beat estimates, but that didn’t seem to spur on the market.
I think that it’s the perfect time to buy the dip on high-quality stocks now that the 10-year yield appears to have found calm. Let me outline why.
High-Quality Business Model Backs DE Stock
Deere & Co. has established itself as the 68th largest company on the S&P 500 by offering a range of high-quality products at justified prices. Deere has been the largest producer of agricultural manufacturing equipment since 1837.
DE stock has performed strongly relative to the S&P 500 and has beaten the index by approximately 4.5 times since listing on the New York Stock Exchange in 1978.
7 Best Stocks to Buy Now if You Want to Get in at the Bottom
In more recent times, Deere has made a constant effort to innovate. The company’s precision farming development is a key driver behind prospective earnings, with the company expecting a 25%-30% increase in segment revenue for 2021.
Furthermore, developments in non-agricultural segments are expanding rapidly. An example is Deere’s acquisition of Wirtgen in 2017 for $5.2 billion. Wirtgen, at the time, was the largest road-construction equipment maker. Other acquisitions such as PLA, and Unimil added prospects of cost-cutting and geographic synergies as well.
Loads of Value Among Stocks to Buy
The stock surged by more than 120% since the market’s pandemic rebound. Most investors seem to have acted because of the dip. This soon translated into a commodity play as inflation loomed. As inflation expectations started having a negative outlook for the market, DE stock suffered as many believed that the input costs could hamper their profit margins.
The 10-year yield has found calm in recent weeks, which allows for high-quality stocks to trade nearer to intrinsic value. Deere experienced an EBITDA growth of 37.84% year-over-year and net income growth of 63.39%. Furthermore, the company’s operating cash flow increased by 49.45% year over year, while EPS has grown 64.55% year over year.
Old-School Route
In placing a valuation on the stock, I went the old-school route by looking at dividend-paying capabilities. I noted a constant payout ratio, which allows for the Gordon Growth Model to be used.
A value worth $545.45 is what the model gives us, which means a possible upside of 30%, which would most probably beat the market.
The final valuation matter I’d like to discuss is the PEG ratio. A PEG ratio measures the stock P/E ratio relative to the sustainable growth rate. DE stock currently trades at a PEG of 0.37, which implies relative value as it’s below the 1.00 used as a benchmark to identify undervalued/overvalued assets.
Final Word on DE Stock
Deere & Co. performed exceptionally well toward the back-end of 2020 and for a part of 2021. The stock has retraced due to systemic reasons, and I believe it’s one of those stocks to buy and a perfect time to re-invest in the dip.
Dividends weren’t discussed in this article, but I fully think that Deere’s dividend-paying capacity conveys the strengths of its robust business model.
I also used dividends to place an intrinsic value on the stock, which found that DE stock is undervalued; the PEG ratio agrees with the narrative.
I believe that it’s a good time to invest. Investors should be aware that any asset has its risks.
On the date of publication, Steve Booyens did not hold any long or short positions in Deere. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa, and his articles are published on various reputable web pages such as Seeking Alpha, Benzinga, Gurufocus, and Yahoo Finance. Steve’s content for InvestorPlace includes stock recommendations, with occasional articles on crowdfunding, cryptocurrency, and ESG.
The post Deere Is an Actual Buy-the-Dip Opportunity 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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As inflation expectations started having a negative outlook for the market, DE stock suffered as many believed that the input costs could hamper their profit margins. Dividends weren’t discussed in this article, but I fully think that Deere’s dividend-paying capacity conveys the strengths of its robust business model. Steve’s content for InvestorPlace includes stock recommendations, with occasional articles on crowdfunding, cryptocurrency, and ESG.
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High-Quality Business Model Backs DE Stock Deere & Co. has established itself as the 68th largest company on the S&P 500 by offering a range of high-quality products at justified prices. I also used dividends to place an intrinsic value on the stock, which found that DE stock is undervalued; the PEG ratio agrees with the narrative. Deere (NYSE:DE) stock is one of the stocks to buy.
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Deere (NYSE:DE) stock is one of the stocks to buy. I also used dividends to place an intrinsic value on the stock, which found that DE stock is undervalued; the PEG ratio agrees with the narrative. Source: Jim Lambert / Shutterstock.com DE stock has traded down from its impressive highs a few months ago.
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Deere (NYSE:DE) stock is one of the stocks to buy. Source: Jim Lambert / Shutterstock.com DE stock has traded down from its impressive highs a few months ago. High-Quality Business Model Backs DE Stock Deere & Co. has established itself as the 68th largest company on the S&P 500 by offering a range of high-quality products at justified prices.
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cbd21b12-3f9d-4749-83d8-5f99dbbe5833
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721494.0
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2021-07-12 00:00:00 UTC
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7 Best Stocks To Buy Now if You Want To Get In at the Bottom
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https://www.nasdaq.com/articles/7-best-stocks-to-buy-now-if-you-want-to-get-in-at-the-bottom-2021-07-12
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
A lot of great stocks are on sale right now. Companies that are household names have seen their share prices pushed down in recent months due to factors ranging from shifting investor sentiment, a rotation out of and then back into technology stocks and disappointing financial results.
Whatever the reason, the current downturn presents a buying opportunity for savvy investors who have long-term time horizons. Stocks of great companies that have excellent future prospects are ripe for the picking.
And the best part is that the share prices of many of these bargain stocks appear to have bottomed heading into this year’s second half and are now on an upswing, enabling investors to immediately start realizing gains.
The 7 Best Tech Stocks to Buy in July
Let’s have a look at the seven best stocks to buy now if you want to get in at the bottom.
Tesla (NASDAQ:TSLA)
Southwest Airlines (NYSE:LUV)
Citigroup (NYSE:C)
Deere & Company (NYSE:DE)
The Walt Disney Company (NYSE:DIS)
Alibaba (NYSE:BABA)
DraftKings (NASDAQ:DKNG)
Stocks To Buy Now To Get In at the Bottom: Tesla (TSLA)
TSLA) badge on steering wheel of car" width="300" height="169">
Source: Christopher Lyzcen / Shutterstock.com
Not long ago, electric vehicle maker Tesla could do no wrong. TSLA stock was one of the best performers of 2020, having risen 697% during the calendar year. However, 2021 has been a different story.
Year-to-date, Tesla’s shares are down 6.9%. The company’s current stock price of $656.95 is 27% below its 52-week high of $900.40 per share reached in late January. The good news for investors is that the stock looks to have bottomed on June 3 at $572.84 and has climbed 9% over the past month.
Further gains in Tesla stock are likely as investors shake off the threat of higher interest rates and again put money into technology growth stocks. Of course, Tesla continues to grapple with several challenges, including a massive vehicle recall in China, regulatory investigations into the safety of its vehicles at home in the U.S. and rising competition from established automakers such as General Motors (NYSE:GM) and Ford (NYSE:F) that are aggressively expanding into the electric vehicle market. But for now, Tesla’s stock appears to be back in the good books with investors.
Southwest Airlines (LUV)
Source: Jeramey Lende / Shutterstock.com
Shares of Southwest Airlines have tanked in the past month, down almost 14% since the start of June. This at a time when U.S. travel is exploding coming out of the pandemic. Yet Southwest, which flies more Americans on domestic flights than any other U.S.-based carrier, has been hobbled by a shortage of pilots and cancelled flights. The Dallas, Texas-based company is scrambling to replace more than 600 pilots who either took early retirement packages or went on voluntary leave during the pandemic.
The pilot shortage has forced Southwest Airlines to cancel more than 2,500 flights in the last month. Adding insult to injury, more than 34,000 of the airline’s flights have been delayed since June 1.
7 Undervalued Stocks to Buy for July 2021
Investors appear to be as angry about the situation as passengers, and LUV stock has fallen 16.7% in the last three months. However, Southwest is working to rectify the situation and the company’s stock looks like it may have bottomed right around $50 a share on July 8. Since then, the share price has ticked up 4% to $52.20, with (hopefully) more gains coming.
Citigroup (C)
C) sign hangs on a Citibank office in Hong Kong." width="300" height="169">
Source: TungCheung / Shutterstock.com
Citigroup has been the worst performing of the major American bank stocks this year. While stocks of other big banks such as JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC) have risen more than 20% year-to-date, C stock is up a tepid 13% at its current price of $68.45 a share. In the past month, Citigroup’s share price has come down 13% and it now sits 15% below its 52-week high of $80.29 reached on June 2 of this year.
Citigroup’s stock has been hurt by weak forward guidance. The lender warned in early June that its trading revenue will likely decline by 30% this year on low deal volumes. The lender reports its second quarter results on July 14, and analysts forecast that revenues will come in at $17.68 billion, which would be 10% lower than the second quarter of 2020.
Any unexpected positive news to come out of the latest earnings will likely send C stock higher. It does have a nice streak of earnings beats. The shares look to have bottomed at $66.73 a share and are now starting to slowly trend upwards again.
Deere & Co. (DE)
Source: Deere & Company
The U.S. is supposed to be in an infrastructure and consumer spending boom. So it seems odd that the manufacturer of John Deere tractors and lawn mowers would see its stock struggle. Yet DE stock fell 18% from a 52-week high of $400.34 reached in early May to a $328.38 per share bottom in mid-June.
The good news for shareholders is that Deere & Company’s share price does look to have bottomed and has gained 7% to reach its current price just shy of $350 a share. With the summer construction season now in full swing, the stock should continue to climb in coming months.
The pullback in DE stock has been a bit of a mystery given the state of the U.S. economy and the company’s positive outlook. Deere has said that it expects net income for fiscal 2021 to come in between $5.3 billion and $5.7 billion. The mid-point of that range would represent a year-over-year improvement of 100%.
The 7 Best Tech Stocks to Buy in July
Also, Deere & Co. has acquired Wirtgen, the world’s leading road-construction equipment maker. The addition of Wirtgen should help Deere & Co. secure lucrative contracts as governments around the world spend on major infrastructure projects.
The Walt Disney Company (DIS)
DIS)" width="300" height="169">
Source: ilikeyellow / Shutterstock.com
Disney’s latest movie in the Marvel comics book franchise, “Black Widow”, premiered over the past weekend in movie theatres and on the Disney+ streaming platform.
It racked up a “dazzling” $80 million in theatres and $60 million on the company’s streaming platform. For Disney, Black Widow’s premier is the latest sign that the House of Mouse is back on track after its film and theme park business were forced into hiatus by COVID-19.
Yet DIS stock has been a disappointment in recent month. After notching a 52-week high of $203.02 in March, Disney’s share price slumped 17%. Fortunately, the stock looks to have found a bottom at $169 a share and has been flirting with $177 at the latest.
With a slate of blockbuster films on deck and its theme parks reopening around the world, the hope is that Disney’s share price will continue moving in the right direction and shake off concerns that the Disney+ streaming service will be unable to sustain the subscriber growth it enjoyed during pandemic lockdowns.
Alibaba (BABA)
Source: testing / Shutterstock.com
Chinese stocks listed on U.S. exchanges have had a rough go of it this year. And e-commerce giant Alibaba has been particularly hard hit by the downturn in investor sentiment towards Chinese securities.
Year-to-date, BABA stock is down 10% at its current level of $204.34 a share. The stock is now down 36% from its 52-week high of $319.32 achieved in October of last year. The stock hit a 52-week low of $199.85 on July 8 and managed to crawl back above $200 a share the very next trading day.
Investors will be hoping that Alibaba’s stock has now bottomed and can, at the very least, stay above the $200 mark.
7 Undervalued Stocks to Buy for July 2021
It would help if authorities in China stop their crackdown on domestic technology companies such as Alibaba and others. The Chinese technology company that is often compared to Amazon (NASDAQ:AMZN) was hit with a record fine of $3.6 billion by Chinese regulators for allegedly “abusing its market dominance.” Alibaba founder Jack Ma continues to keep a low public profile as authorities in Beijing continue to run roughshod over domestic firms.
DraftKings (DKNG)
Source: Lori Butcher / Shutterstock.com
Investors would need to have a lot of fortitude to gamble on DraftKings shares this year. The Boston-based fantasy sports and online betting operator has seen its stock fall 11% in the past month to $48.52. DKNG stock has struggled to stay above $50 and are 35% below their 52-week high of $74.38. The decline is especially frustrating given the return of both professional and amateur sports. The pullback since the start of June has come despite the NBA and NHL playoffs, as well as the European soccer championships.
Overall, analysts remain bullish on DKNG stock. The median price target on the shares is $74 a share, which would represent a 53% gain from its current level. The stock has largely been hurt by negative media reports accusing the company of illegal gambling. However, most of the sources for the negative stories have been short-sellers who are betting on DraftKings stock to decline.
DKNG stock is currently back at the same bottom it reached in mid-June before moving up as high as $52.71 a share. Hopefully $48 remains the stock’s bottom and it can again recover.
On the date of publication, Joel Baglole held long positions in LUV, C, DIS, BABA and DKNG. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post 7 Best Stocks To Buy Now if You Want To Get In at the Bottom appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With a slate of blockbuster films on deck and its theme parks reopening around the world, the hope is that Disney’s share price will continue moving in the right direction and shake off concerns that the Disney+ streaming service will be unable to sustain the subscriber growth it enjoyed during pandemic lockdowns. Tesla (NASDAQ:TSLA) Southwest Airlines (NYSE:LUV) Citigroup (NYSE:C) Deere & Company (NYSE:DE) The Walt Disney Company (NYSE:DIS) Alibaba (NYSE:BABA) DraftKings (NASDAQ:DKNG) Stocks To Buy Now To Get In at the Bottom: Tesla (TSLA) TSLA) badge on steering wheel of car" width="300" height="169"> Source: Christopher Lyzcen / Shutterstock.com Not long ago, electric vehicle maker Tesla could do no wrong. Southwest Airlines (LUV) Source: Jeramey Lende / Shutterstock.com Shares of Southwest Airlines have tanked in the past month, down almost 14% since the start of June.
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Tesla (NASDAQ:TSLA) Southwest Airlines (NYSE:LUV) Citigroup (NYSE:C) Deere & Company (NYSE:DE) The Walt Disney Company (NYSE:DIS) Alibaba (NYSE:BABA) DraftKings (NASDAQ:DKNG) Stocks To Buy Now To Get In at the Bottom: Tesla (TSLA) TSLA) badge on steering wheel of car" width="300" height="169"> Source: Christopher Lyzcen / Shutterstock.com Not long ago, electric vehicle maker Tesla could do no wrong. Southwest Airlines (LUV) Source: Jeramey Lende / Shutterstock.com Shares of Southwest Airlines have tanked in the past month, down almost 14% since the start of June. This at a time when U.S. travel is exploding coming out of the pandemic.
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Tesla (NASDAQ:TSLA) Southwest Airlines (NYSE:LUV) Citigroup (NYSE:C) Deere & Company (NYSE:DE) The Walt Disney Company (NYSE:DIS) Alibaba (NYSE:BABA) DraftKings (NASDAQ:DKNG) Stocks To Buy Now To Get In at the Bottom: Tesla (TSLA) TSLA) badge on steering wheel of car" width="300" height="169"> Source: Christopher Lyzcen / Shutterstock.com Not long ago, electric vehicle maker Tesla could do no wrong. Southwest Airlines (LUV) Source: Jeramey Lende / Shutterstock.com Shares of Southwest Airlines have tanked in the past month, down almost 14% since the start of June. This at a time when U.S. travel is exploding coming out of the pandemic.
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The good news for shareholders is that Deere & Company’s share price does look to have bottomed and has gained 7% to reach its current price just shy of $350 a share. However, most of the sources for the negative stories have been short-sellers who are betting on DraftKings stock to decline. Tesla (NASDAQ:TSLA) Southwest Airlines (NYSE:LUV) Citigroup (NYSE:C) Deere & Company (NYSE:DE) The Walt Disney Company (NYSE:DIS) Alibaba (NYSE:BABA) DraftKings (NASDAQ:DKNG) Stocks To Buy Now To Get In at the Bottom: Tesla (TSLA) TSLA) badge on steering wheel of car" width="300" height="169"> Source: Christopher Lyzcen / Shutterstock.com Not long ago, electric vehicle maker Tesla could do no wrong.
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a6bc5d7a-7078-40c0-85ad-2697d92a9cbc
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721495.0
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2021-07-12 00:00:00 UTC
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We Like These Underlying Return On Capital Trends At Deere (NYSE:DE)
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DE
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https://www.nasdaq.com/articles/we-like-these-underlying-return-on-capital-trends-at-deere-nyse%3Ade-2021-07-12
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nan
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nan
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Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Deere (NYSE:DE) and its trend of ROCE, we really liked what we saw.
Understanding Return On Capital Employed (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Deere:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.13 = US$7.1b ÷ (US$79b - US$24b) (Based on the trailing twelve months to May 2021).
So, Deere has an ROCE of 13%. On its own, that's a standard return, however it's much better than the 9.1% generated by the Machinery industry.
NYSE:DE Return on Capital Employed July 12th 2021
In the above chart we have measured Deere's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Deere here for free.
So How Is Deere's ROCE Trending?
We like the trends that we're seeing from Deere. Over the last five years, returns on capital employed have risen substantially to 13%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 40%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
What We Can Learn From Deere's ROCE
In summary, it's great to see that Deere can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. Since the stock has returned a staggering 359% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
On a final note, we've found 1 warning sign for Deere that we think you should be aware of.
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Analysts use this formula to calculate it for Deere: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.13 = US$7.1b ÷ (US$79b - US$24b) (Based on the trailing twelve months to May 2021). Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed.
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Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Analysts use this formula to calculate it for Deere: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.13 = US$7.1b ÷ (US$79b - US$24b) (Based on the trailing twelve months to May 2021). What We Can Learn From Deere's ROCE In summary, it's great to see that Deere can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers.
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Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. What We Can Learn From Deere's ROCE In summary, it's great to see that Deere can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers.
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Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. So, Deere has an ROCE of 13%.
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5b04bf63-1be2-46f5-8f23-edaea46bc6c3
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721496.0
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2021-07-12 00:00:00 UTC
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ANALYSIS-Treasury rally leaves investors scrambling for yield plays
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DE
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https://www.nasdaq.com/articles/analysis-treasury-rally-leaves-investors-scrambling-for-yield-plays-2021-07-12
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nan
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nan
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By David Randall
NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk.
Earlier this year, few expected that Treasury yields would sink closer to historic lows by summer despite a resurgence of U.S. growth after the coronavirus pandemic.
Yet the Federal Reserve's hawkish shift, demand from investors in countries where domestic bonds offer flat or negative returns and the unwinding of popular short bets on Treasuries have depressed yields. This has cast doubt on the future of the so-called reflation trade. L2N2OK183
For the benchmark 10-year Treasury, the yield on Friday stood at 1.35%, far below the high of 1.77% hit in March.
"From our perspective we are taking bites in other places because we don't expect Treasury yields to rebound soon," said Ed Al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle.
Al-Hussainy is focusing on assets such as mortgage-backed securities, seeking exposure to U.S. consumers whose household balance sheets he expects to emerge from the pandemic in good shape. The iShares MBS exchange-traded fund MBB.O, which holds mortgage-backed bonds, yielded 1.88% on Friday with an average 4.9 year maturity.
Don Ellenberger, senior portfolio manager at Federated Hermes, is increasing his overweight in emerging market bonds. He expects Treasury yields to remain low while investors are uncertain how much the Federal Reserve will allow inflation to run hot following a surge in consumer prices. L2N2OJ1Y4
“Markets are not in agreement right now,” he said. “You’ve got the stock market saying the party is still going on while the Treasury market is saying that growth is slowing.”
EMERGING MARKETS
Ellenberger expects a broad economic recovery to bolster emerging markets, particularly those that are heavy producers of commodities.
The iShares JP Morgan USD Emerging Market Bond exchange traded fund EMB.O for example, yielded around 3.85% on Friday. The fund brought in nearly $430 million in new assets the week that ended July 7, its largest one-week gain since early April, according to Lipper data.
Investors should not expect a quick rebound in Treasury yields this year, said Ian Lyngen, head of U.S. rates strategy in the BMO Capital Markets Fixed Income Strategy team.
"Whether it is growing concerns about the vaccination holdouts or the risks associated with the Delta variant, there is little question that the lingering pandemic realities have contributed to the bullish underpinnings for Treasuries," he said.
Stalled Treasury yields make dividend-paying stocks more attractive, said Melody Bryant, a portfolio manager at the $2.3 billion Gabelli Asset fund GABAX.O.
While she recently added some growth-oriented names like Salesforce.com Inc CRM.N in anticipation of low interest rates' making growth stocks more attractive, she remains bullish on dividend-growers such as Deere & Co DE.N, which raised its payout annually for at least the last 25 years.
"We've just gone through a period where capital gains were the largest contributor to returns," she said. "Now we're going to enter a period where dividends are going to be the prime driver."
Cliff Corso, chief investment officer of Advisors Asset Management, has been adding debt issued by automakers, attracted by yields such as the 2.1% offered on Friday by a General Motors GM.N bond that matures in 2027.
The spread of junk bonds over Treasuries - the premium investors demand to hold the risky corporate debt over risk-free government debt – stood at 3.14% on Thursday, according to the ICE BofA U.S. High Yield Index .MERH0A0. The junk bond index hit 3.02% on July 1, the lowest rate since July 2007.
"We were already in a desert of yield before this recent rally," he said "We think that there will be plenty of liquidity and the economy will be strong even if we aren't at peak growth anymore.”
(Reporting by David Randall; Additional reporting by Kate Duguid; Editing by Ira Iosebashvili and Cynthia Osterman)
((David.Randall@thomsonreuters.com; 646-223-6607; Reuters Messaging: david.randall.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 David Randall NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk. Yet the Federal Reserve's hawkish shift, demand from investors in countries where domestic bonds offer flat or negative returns and the unwinding of popular short bets on Treasuries have depressed yields. Cliff Corso, chief investment officer of Advisors Asset Management, has been adding debt issued by automakers, attracted by yields such as the 2.1% offered on Friday by a General Motors GM.N bond that matures in 2027.
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Stalled Treasury yields make dividend-paying stocks more attractive, said Melody Bryant, a portfolio manager at the $2.3 billion Gabelli Asset fund GABAX.O. While she recently added some growth-oriented names like Salesforce.com Inc CRM.N in anticipation of low interest rates' making growth stocks more attractive, she remains bullish on dividend-growers such as Deere & Co DE.N, which raised its payout annually for at least the last 25 years. By David Randall NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk.
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By David Randall NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk. The iShares JP Morgan USD Emerging Market Bond exchange traded fund EMB.O for example, yielded around 3.85% on Friday. Earlier this year, few expected that Treasury yields would sink closer to historic lows by summer despite a resurgence of U.S. growth after the coronavirus pandemic.
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The iShares JP Morgan USD Emerging Market Bond exchange traded fund EMB.O for example, yielded around 3.85% on Friday. While she recently added some growth-oriented names like Salesforce.com Inc CRM.N in anticipation of low interest rates' making growth stocks more attractive, she remains bullish on dividend-growers such as Deere & Co DE.N, which raised its payout annually for at least the last 25 years. The junk bond index hit 3.02% on July 1, the lowest rate since July 2007.
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5541a3f5-896b-4e30-a896-602b3b509bc7
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721497.0
|
2021-07-11 00:00:00 UTC
|
ANALYSIS-Treasury rally leaves investors scrambling for yield plays
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DE
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https://www.nasdaq.com/articles/analysis-treasury-rally-leaves-investors-scrambling-for-yield-plays-2021-07-11
|
nan
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nan
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By David Randall
NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk.
Earlier this year, few expected that Treasury yields would sink closer to historic lows by summer despite a resurgence of U.S. growth after the coronavirus pandemic.
Yet the Federal Reserve's hawkish shift, demand from investors in countries where domestic bonds offer flat or negative returns and the unwinding of popular short bets on Treasuries have depressed yields. This has cast doubt on the future of the so-called reflation trade. L2N2OK183
For the benchmark 10-year Treasury, the yield on Friday stood at 1.35%, far below the high of 1.77% hit in March.
"From our perspective we are taking bites in other places because we don't expect Treasury yields to rebound soon," said Ed Al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle.
Al-Hussainy is focusing on assets such as mortgage-backed securities, seeking exposure to U.S. consumers whose household balance sheets he expects to emerge from the pandemic in good shape. The iShares MBS exchange-traded fund MBB.O, which holds mortgage-backed bonds, yielded 1.88% on Friday with an average 4.9 year maturity.
Don Ellenberger, senior portfolio manager at Federated Hermes, is increasing his overweight in emerging market bonds. He expects Treasury yields to remain low while investors are uncertain how much the Federal Reserve will allow inflation to run hot following a surge in consumer prices. L2N2OJ1Y4
“Markets are not in agreement right now,” he said. “You’ve got the stock market saying the party is still going on while the Treasury market is saying that growth is slowing.”
EMERGING MARKETS
Ellenberger expects a broad economic recovery to bolster emerging markets, particularly those that are heavy producers of commodities.
The iShares JP Morgan USD Emerging Market Bond exchange traded fund EMB.O for example, yielded around 3.85% on Friday. The fund brought in nearly $430 million in new assets the week that ended July 7, its largest one-week gain since early April, according to Lipper data.
Investors should not expect a quick rebound in Treasury yields this year, said Ian Lyngen, head of U.S. rates strategy in the BMO Capital Markets Fixed Income Strategy team.
"Whether it is growing concerns about the vaccination holdouts or the risks associated with the Delta variant, there is little question that the lingering pandemic realities have contributed to the bullish underpinnings for Treasuries," he said.
Stalled Treasury yields make dividend-paying stocks more attractive, said Melody Bryant, a portfolio manager at the $2.3 billion Gabelli Asset fund GABAX.O.
While she recently added some growth-oriented names like Salesforce.com Inc CRM.N in anticipation of low interest rates' making growth stocks more attractive, she remains bullish on dividend-growers such as Deere & Co DE.N, which raised its payout annually for at least the last 25 years.
"We've just gone through a period where capital gains were the largest contributor to returns," she said. "Now we're going to enter a period where dividends are going to be the prime driver."
Cliff Corso, chief investment officer of Advisors Asset Management, has been adding debt issued by automakers, attracted by yields such as the 2.1% offered on Friday by a General Motors GM.N bond that matures in 2027.
The spread of junk bonds over Treasuries - the premium investors demand to hold the risky corporate debt over risk-free government debt – stood at 3.14% on Thursday, according to the ICE BofA U.S. High Yield Index .MERH0A0. The junk bond index hit 3.02% on July 1, the lowest rate since July 2007.
"We were already in a desert of yield before this recent rally," he said "We think that there will be plenty of liquidity and the economy will be strong even if we aren't at peak growth anymore.”
(Reporting by David Randall; Additional reporting by Kate Duguid; Editing by Ira Iosebashvili and Cynthia Osterman)
((David.Randall@thomsonreuters.com; 646-223-6607; Reuters Messaging: david.randall.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.
|
By David Randall NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk. Yet the Federal Reserve's hawkish shift, demand from investors in countries where domestic bonds offer flat or negative returns and the unwinding of popular short bets on Treasuries have depressed yields. Cliff Corso, chief investment officer of Advisors Asset Management, has been adding debt issued by automakers, attracted by yields such as the 2.1% offered on Friday by a General Motors GM.N bond that matures in 2027.
|
Stalled Treasury yields make dividend-paying stocks more attractive, said Melody Bryant, a portfolio manager at the $2.3 billion Gabelli Asset fund GABAX.O. While she recently added some growth-oriented names like Salesforce.com Inc CRM.N in anticipation of low interest rates' making growth stocks more attractive, she remains bullish on dividend-growers such as Deere & Co DE.N, which raised its payout annually for at least the last 25 years. By David Randall NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk.
|
By David Randall NEW YORK, July 11 (Reuters) - A tumble in Treasury yields is pushing some investors toward other income-generating vehicles including dividend-paying stocks and emerging market bonds, often in exchange for a greater degree of risk. The iShares JP Morgan USD Emerging Market Bond exchange traded fund EMB.O for example, yielded around 3.85% on Friday. Earlier this year, few expected that Treasury yields would sink closer to historic lows by summer despite a resurgence of U.S. growth after the coronavirus pandemic.
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The iShares JP Morgan USD Emerging Market Bond exchange traded fund EMB.O for example, yielded around 3.85% on Friday. While she recently added some growth-oriented names like Salesforce.com Inc CRM.N in anticipation of low interest rates' making growth stocks more attractive, she remains bullish on dividend-growers such as Deere & Co DE.N, which raised its payout annually for at least the last 25 years. The junk bond index hit 3.02% on July 1, the lowest rate since July 2007.
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efce134b-9977-4f74-a97f-c1ce1a683681
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721498.0
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2021-07-08 00:00:00 UTC
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Notable Thursday Option Activity: SPOT, MRTN, DE
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DE
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-spot-mrtn-de-2021-07-08
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Spotify Technology SA (Symbol: SPOT), where a total volume of 6,080 contracts has been traded thus far today, a contract volume which is representative of approximately 608,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.6% of SPOT's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $250 strike put option expiring July 16, 2021, with 620 contracts trading so far today, representing approximately 62,000 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $250 strike highlighted in orange:
Marten Transport Ltd (Symbol: MRTN) options are showing a volume of 1,879 contracts thus far today. That number of contracts represents approximately 187,900 underlying shares, working out to a sizeable 49.1% of MRTN's average daily trading volume over the past month, of 382,340 shares. Particularly high volume was seen for the $20 strike call option expiring August 20, 2021, with 1,300 contracts trading so far today, representing approximately 130,000 underlying shares of MRTN. Below is a chart showing MRTN's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Deere & Co. (Symbol: DE) options are showing a volume of 10,831 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 48% of DE's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $355 strike call option expiring July 16, 2021, with 502 contracts trading so far today, representing approximately 50,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $355 strike highlighted in orange:
For the various different available expirations for SPOT options, MRTN 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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Particularly high volume was seen for the $250 strike put option expiring July 16, 2021, with 620 contracts trading so far today, representing approximately 62,000 underlying shares of SPOT. Particularly high volume was seen for the $20 strike call option expiring August 20, 2021, with 1,300 contracts trading so far today, representing approximately 130,000 underlying shares of MRTN. Especially high volume was seen for the $355 strike call option expiring July 16, 2021, with 502 contracts trading so far today, representing approximately 50,200 underlying shares of DE.
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Below is a chart showing MRTN's trailing twelve month trading history, with the $20 strike highlighted in orange: And Deere & Co. (Symbol: DE) options are showing a volume of 10,831 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 48% of DE's average daily trading volume over the past month, of 2.3 million shares. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Spotify Technology SA (Symbol: SPOT), where a total volume of 6,080 contracts has been traded thus far today, a contract volume which is representative of approximately 608,000 underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Spotify Technology SA (Symbol: SPOT), where a total volume of 6,080 contracts has been traded thus far today, a contract volume which is representative of approximately 608,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 48% of DE's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $355 strike call option expiring July 16, 2021, with 502 contracts trading so far today, representing approximately 50,200 underlying shares of DE.
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Particularly high volume was seen for the $250 strike put option expiring July 16, 2021, with 620 contracts trading so far today, representing approximately 62,000 underlying shares of SPOT. That number of contracts represents approximately 187,900 underlying shares, working out to a sizeable 49.1% of MRTN's average daily trading volume over the past month, of 382,340 shares. Especially high volume was seen for the $355 strike call option expiring July 16, 2021, with 502 contracts trading so far today, representing approximately 50,200 underlying shares of DE.
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dcaf2de5-eab7-4815-9f3b-8ad24d643d6a
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721499.0
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2021-07-08 00:00:00 UTC
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Interesting DE Put And Call Options For August 27th
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DE
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https://www.nasdaq.com/articles/interesting-de-put-and-call-options-for-august-27th-2021-07-08
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nan
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nan
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Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the August 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new August 27th contracts and identified one put and one call contract of particular interest.
The put contract at the $340.00 strike price has a current bid of $11.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $340.00, but will also collect the premium, putting the cost basis of the shares at $328.80 (before broker commissions). To an investor already interested in purchasing shares of DE, that could represent an attractive alternative to paying $342.30/share today.
Because the $340.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.29% return on the cash commitment, or 24.05% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $345.00 strike price has a current bid of $11.00. If an investor was to purchase shares of DE stock at the current price level of $342.30/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $345.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.00% if the stock gets called away at the August 27th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red:
Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.21% boost of extra return to the investor, or 23.46% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $342.30) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DE shares really soar, which is why looking at the trailing twelve month trading history for Deere & Co., as well as studying the business fundamentals becomes important. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the August 27th expiration.
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Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the August 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DE options chain for the new August 27th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $345.00 strike price has a current bid of $11.00. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $340.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $345.00 strike price has a current bid of $11.00. Below is a chart showing DE's trailing twelve month trading history, with the $345.00 strike highlighted in red: Considering the fact that the $345.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Deere & Co. (Symbol: DE) saw new options begin trading today, for the August 27th expiration.
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