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722500.0
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2017-01-24 00:00:00 UTC
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Farm Report: Deere Stock Rated a Sell, While Agrium's a Buy
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DE
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https://www.nasdaq.com/articles/farm-report-deere-stock-rated-sell-while-agriums-buy-2017-01-24
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nan
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nan
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It's turning out to be an interesting week for farmers, for investors in agricultural stocks, and for owners of Deere (NYSE: DE) and Agrium (NYSE: AGU) stock in particular.
This morning, two separate banking houses took aim at the farm industry. On the bad news front, Berenberg announced a new sell rating for farm equipment maker Deere. However, the news looks good for fertilizer producers, with Cowen & Co. announcing a series of upgrades for Potash (NYSE: POT) , Mosaic (NYSE: MOS) , and CF Industries (NYSE: CF) -- all now rated market perform -- and an upgrade all the way to outperform for Agrium.
Five new ratings to consider. Here are three things you need to know about 'em.
It's morning in America for American farmers -- or is that sun setting? Image source: Getty Images.
1. Deere in the headlights
Let's start off with Berenberg's sell rating on Deere -- because that's the one that StreetInsider.com has the most detail on.
In a word, Berenberg is pessimistic about Deere because, while it agrees with other analysts that Deere will probably earn in the neighborhood of $4.50 per share this year, Berenberg is forecasting "18% below consensus" for 2018. Based on Yahoo! Finance's consensus projection of $5.25 for 2018, that means Berenberg thinks Deere's earnings will drop by $0.20 next year, instead of rising by $0.75.
2. Why so glum, chum?
What has Berenberg feeling so pessimistic about Deere? In contrast to its peers, the analyst says it expects to see "no meaningful recovery in agricultural equipment spending in North America and Europe in 2018," predicting instead a "flat at best" market.
In such a flat market, Berenberg also sees a risk in the form of customer defaults on the $38 billion in customer financing that Deere has extended, creating the "potential for asset writedowns" that would pinch Deere's profits -- and result in an earnings miss. Such an eventuality would also, warns Berenberg, create the potential for credit raters to downgrade Deere's credit rating, might prevent stock buybacks, and could even force a dividend cut at the agricultural equipment maker.
3. Hope sprouts eternal
Cowen & Co. seems to be espousing a slightly more optimistic view of the agricultural industry. While not speaking on Deere's prospects in particular, TheFly.com is reporting this morning that Cowen has raised its rating on the "Agricultural Chemicals" industry to neutral. Says Cowen, investors have priced in most of the "negative factors" affecting agricultural stocks, and there's no longer enough downside to justify selling stocks like Potash, Mosaic, or CF Industries. Indeed, Cowen actually sees reason to buy one of these fertilizer stocks, Agrium.
Why might this be? There's not a huge amount of detail available on Cowen's upgrades at this time, but TheFly notes that one of Cowen's peers, OTR Global, is also optimistic that nitrogen producers will enjoy rising prices this year. Says OTR, U.S. dealers have been holding back on buying fertilizer for the spring (possibly in anticipation of further price declines). Meanwhile, Chinese urea producers have been slow to increase production.
The combination of low supply (from China) with pent-up demand (from the U.S.) could give rise to higher prices on nitrogen and other fertilizers this year, boosting both sales and profits for Agrium and its peers.
Bonus thing: How do the valuations look?
Is Cowen right about this? Or is Berenberg's more pessimistic view the better way to look at the farm industry and agricultural stocks?
That's hard to say until we see which way prices move. What we can tell you, though, is that after enjoying strong price gains over the past year (Mosaic is up 38%, Agrium's up 24%, and both CF Industries and Potash gained 23%), the four fertilizer stocks that Cowen upgraded today appear priced as if a bull market for fertilizer is already a given. All for stocks sell for 20 times trailing earnings or above, despite the fact that according to S&P Global Market Intelligence estimates, none of them are expected to grow earnings even as much as 10% annually over the next five years. If you ask me, that's a risky bet -- especially with Berenberg making such a bold prediction to the contrary, and especially with no one knowing for sure which way prices will move . Similarly, Deere at a price-to-earnings ratio of 22.2 looks pricey relative to S&P Global projections of 6% long-term growth.
So long story short? I'm in agreement with Berenberg that investors have been overoptimistic about Deere, and that there's still plenty of risk in the stock. By the same token, I worry that Cowen has jumped the gun in declaring an all-clear for the fertilizer producers. If you ask me, there's still plenty of risk buried in there, as well.
10 stocks we like better than Agrium
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Rich Smith has no position in any 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.
The views and 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 not speaking on Deere's prospects in particular, TheFly.com is reporting this morning that Cowen has raised its rating on the "Agricultural Chemicals" industry to neutral. The combination of low supply (from China) with pent-up demand (from the U.S.) could give rise to higher prices on nitrogen and other fertilizers this year, boosting both sales and profits for Agrium and its peers. It's turning out to be an interesting week for farmers, for investors in agricultural stocks, and for owners of Deere (NYSE: DE) and Agrium (NYSE: AGU) stock in particular.
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However, the news looks good for fertilizer producers, with Cowen & Co. announcing a series of upgrades for Potash (NYSE: POT) , Mosaic (NYSE: MOS) , and CF Industries (NYSE: CF) -- all now rated market perform -- and an upgrade all the way to outperform for Agrium. There's not a huge amount of detail available on Cowen's upgrades at this time, but TheFly notes that one of Cowen's peers, OTR Global, is also optimistic that nitrogen producers will enjoy rising prices this year. What we can tell you, though, is that after enjoying strong price gains over the past year (Mosaic is up 38%, Agrium's up 24%, and both CF Industries and Potash gained 23%), the four fertilizer stocks that Cowen upgraded today appear priced as if a bull market for fertilizer is already a given.
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It's turning out to be an interesting week for farmers, for investors in agricultural stocks, and for owners of Deere (NYSE: DE) and Agrium (NYSE: AGU) stock in particular. Says Cowen, investors have priced in most of the "negative factors" affecting agricultural stocks, and there's no longer enough downside to justify selling stocks like Potash, Mosaic, or CF Industries. What we can tell you, though, is that after enjoying strong price gains over the past year (Mosaic is up 38%, Agrium's up 24%, and both CF Industries and Potash gained 23%), the four fertilizer stocks that Cowen upgraded today appear priced as if a bull market for fertilizer is already a given.
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Indeed, Cowen actually sees reason to buy one of these fertilizer stocks, Agrium. It's turning out to be an interesting week for farmers, for investors in agricultural stocks, and for owners of Deere (NYSE: DE) and Agrium (NYSE: AGU) stock in particular. On the bad news front, Berenberg announced a new sell rating for farm equipment maker Deere.
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7ca7e6fe-27b5-4a99-b48d-9e7f28d4961d
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722501.0
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2017-01-24 00:00:00 UTC
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Stanley Black's (SWK) Q4 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/stanley-blacks-swk-q4-earnings%3A-whats-in-the-cards-2017-01-24
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nan
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nan
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Industrial tool maker Stanley Black & Decker, Inc.SWK is slated to report fourth quarter and full-year 2016 results on Jan 26, before the market opens.
The company posted better-than-expected results in three of the four trailing quarters, while recording in-line results in one. Average earnings surprise was a positive 5.56%. Its shares yielded 28.69% return, underperforming the return of 40.56% recorded by the Zacks categorized Machinery-Tools & Related Products industry in the last one year.
Let us see how things are shaping up for Stanley Black & Decker, Inc. this quarter.
Factors to Affect Q4 Results
One of the leading economic indicators for industrial stocks is industrial production, which measures the level of output from manufacturing, mining and utilities sectors in a country. In the fourth quarter, industrial production in the U.S. fell 0.6% from the year-ago quarter. We believe that weak industrial activities might have adversely impacted Stanley Black & Decker's segmental performances and its overall profitability in the quarter.
In addition, we believe that Stanley Black & Decker's exposure to near-term headwinds, including uncertain global economic conditions, unfavorable foreign currency movements, industry rivalry and high debt levels might have impacted its results in the to-be-reported quarter. For 2016, the company anticipates adverse impact of roughly $150 million (or 75 cents per share) from foreign currency movements.
Despite the negatives, we believe that a healthy U.S. housing market as well as the company's organic and inorganic growth initiatives should provide a support to its financials in the quarter.
Earnings Whispers
Our proven model does not conclusively show that Stanley Black & Decker will be able to pull a surprise this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
That is not the case here for as you will see below.
Zacks ESP: Earnings ESP for the stock is currently 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.68.
Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise
Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise | Stanley Black & Decker, Inc. Quote
Zacks Rank: Stanley Black & Decker currently carries a Zacks Rank #4 (Sell).
As it is we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Stocks to Consider
Here are some companies in the sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Fairmount Santrol Holdings Inc. FMSA , with an Earnings ESP of +11.11% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
MRC Global Inc. MRC , with an Earnings ESP of +10.00% and a Zacks Rank #2.
Deere & Company DE , with an Earnings ESP of +13.73% and a Zacks Rank #3.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Fairmount Santrol Holdings Inc. (FMSA): Free Stock Analysis Report
MRC Global Inc. (MRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industrial tool maker Stanley Black & Decker, Inc.SWK is slated to report fourth quarter and full-year 2016 results on Jan 26, before the market opens. In addition, we believe that Stanley Black & Decker's exposure to near-term headwinds, including uncertain global economic conditions, unfavorable foreign currency movements, industry rivalry and high debt levels might have impacted its results in the to-be-reported quarter. Despite the negatives, we believe that a healthy U.S. housing market as well as the company's organic and inorganic growth initiatives should provide a support to its financials in the quarter.
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Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise | Stanley Black & Decker, Inc. Quote Zacks Rank: Stanley Black & Decker currently carries a Zacks Rank #4 (Sell). Stocks to Consider Here are some companies in the sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Fairmount Santrol Holdings Inc. FMSA , with an Earnings ESP of +11.11% and a Zacks Rank #2. Click to get this free report Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Fairmount Santrol Holdings Inc. (FMSA): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise | Stanley Black & Decker, Inc. Quote Zacks Rank: Stanley Black & Decker currently carries a Zacks Rank #4 (Sell). Stocks to Consider Here are some companies in the sector you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Fairmount Santrol Holdings Inc. FMSA , with an Earnings ESP of +11.11% and a Zacks Rank #2. Click to get this free report Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Fairmount Santrol Holdings Inc. (FMSA): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Industrial tool maker Stanley Black & Decker, Inc.SWK is slated to report fourth quarter and full-year 2016 results on Jan 26, before the market opens. Deere & Company DE , with an Earnings ESP of +13.73% and a Zacks Rank #3. Its shares yielded 28.69% return, underperforming the return of 40.56% recorded by the Zacks categorized Machinery-Tools & Related Products industry in the last one year.
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e0e46f80-ed95-4e48-be69-a6899e6f5c67
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722502.0
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2017-01-23 00:00:00 UTC
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Illinois Tool (ITW) to Report Q4 Earnings: What's in Store?
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DE
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https://www.nasdaq.com/articles/illinois-tool-itw-to-report-q4-earnings%3A-whats-in-store-2017-01-23
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nan
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nan
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Industrial products and equipment manufacturer Illinois Tool Works Inc.ITW is set to release fourth quarter and full-year 2016 results on Jan 25, before the market opens.
The company posted better-than-expected results, with an average positive earnings surprise of 2.25% in the last four quarters. Its shares yielded 52.67% return, outperforming the return of 41.33% recorded by the Zacks categorized Machinery-General Industrial industry in the last one year.
Let us see how things are shaping up for Illinois Tool Works Inc. prior to this earnings announcement.
Factors to Influence Q4 Results
We believe that Illinois Tool Works' organic and inorganic growth tactics, its Enterprise Strategy and sound capital allocation schemes will prove beneficial in the fourth quarter. The company anticipates earnings per share to be within $1.31−$1.41 in the quarter, above $1.23 recorded in the year-ago quarter. Organic revenue is expected to be 0−2%, while operating margin will be roughly 21.5%.
For the fourth quarter, the Zacks Consensus Estimate for revenues is $3.40 billion and for earnings is $1.37 per share, representing year-over-year growth of 3.97% and 11.56%, respectively.
Despite the positives, we believe that Illinois Tool Works' exposure to near-term headwinds, including uncertain global economic conditions, unfavorable foreign currency movements, industry rivalry and volatilities in input price & supply might have impacted its results in the to-be-reported quarter.
Also, we believe that one of the leading economic indicators for industrial stocks like Illinois Tool Works is industrial production. It measures the level of output of manufacturing, mining and utilities sectors in a country. In fourth-quarter 2016, industrial production in the U.S. fell 0.6% from the year-ago quarter.
Earnings Whispers
Our proven model does not conclusively show that Illinois Tool Works will beat estimates in fourth quarter. This is because the company lacks the combination of two key ingredients for a possible earnings beat - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks ESP: Illinois Tool Works has an ESP of 0.00%, with both the Most Accurate estimate and the Zacks Consensus Estimate pegged at $1.37.
Illinois Tool Works Inc. Price, Consensus and EPS Surprise
Illinois Tool Works Inc. Price, Consensus and EPS Surprise | Illinois Tool Works Inc. Quote
Zacks Rank: Illinois Tool Works currently carries a Zacks Rank #2. This when combined with a 0.00% ESP makes earnings beat prediction difficult.
Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Stocks to Consider
Here are some companies in the sector you may want to consider, as they have the right combination of elements to post an earnings beat this quarter, according to our model.
Deere & Company DE , with an Earnings ESP of +13.73% and a Zacks Rank #1.
Fairmount Santrol Holdings Inc. FMSA , with an Earnings ESP of +11.11% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
MRC Global Inc. MRC , with an Earnings ESP of +10.0% and a Zacks Rank #2.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Co. (DE): Free Stock Analysis Report
Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
FMSA Holdings Inc. (FMSA): Free Stock Analysis Report
MRC Global Inc. (MRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the positives, we believe that Illinois Tool Works' exposure to near-term headwinds, including uncertain global economic conditions, unfavorable foreign currency movements, industry rivalry and volatilities in input price & supply might have impacted its results in the to-be-reported quarter. Its shares yielded 52.67% return, outperforming the return of 41.33% recorded by the Zacks categorized Machinery-General Industrial industry in the last one year. The company anticipates earnings per share to be within $1.31−$1.41 in the quarter, above $1.23 recorded in the year-ago quarter.
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Click to get this free report Deere & Co. (DE): Free Stock Analysis Report Illinois Tool Works Inc. (ITW): Free Stock Analysis Report FMSA Holdings Inc. (FMSA): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Its shares yielded 52.67% return, outperforming the return of 41.33% recorded by the Zacks categorized Machinery-General Industrial industry in the last one year. The company anticipates earnings per share to be within $1.31−$1.41 in the quarter, above $1.23 recorded in the year-ago quarter.
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Click to get this free report Deere & Co. (DE): Free Stock Analysis Report Illinois Tool Works Inc. (ITW): Free Stock Analysis Report FMSA Holdings Inc. (FMSA): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Its shares yielded 52.67% return, outperforming the return of 41.33% recorded by the Zacks categorized Machinery-General Industrial industry in the last one year. The company anticipates earnings per share to be within $1.31−$1.41 in the quarter, above $1.23 recorded in the year-ago quarter.
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Stocks to Consider Here are some companies in the sector you may want to consider, as they have the right combination of elements to post an earnings beat this quarter, according to our model. Deere & Company DE , with an Earnings ESP of +13.73% and a Zacks Rank #1. Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks?
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79b708f5-65d7-45f1-8f38-f2306f30d80c
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722503.0
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2017-01-23 00:00:00 UTC
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Caterpillar (CAT) Q4 Earnings: Another Beat in the Cards?
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DE
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https://www.nasdaq.com/articles/caterpillar-cat-q4-earnings%3A-another-beat-in-the-cards-2017-01-23
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nan
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nan
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The earnings release of Caterpillar, Inc.CAT is scheduled to be announced before the opening bell on Jan 26. It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether. Caterpillar's results in the past few quarters, reflects a weak mining industry, low oil prices , a stronger U.S. dollar and China's economic woes. Notably, the company's adjusted earnings plunged 19% to 85 cents per share in the last quarter.
Earnings Whispers
Our proven model shows that Caterpillar is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which have a significantly higher chance of beating earnings.
Zacks ESP: Caterpillar's Earnings ESP is +1.54% as the Most Accurate estimate of 66 cents is pegged higher than the Zacks Consensus Estimate of 65 cents. A positive ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Caterpillar carries a Zacks Rank #3. The combination of the company's favorable Zacks Rank with a positive ESP makes us confident of an earnings beat.
Notably, the stocks having a Zacks Rank #4 and 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
In the last quarter, Caterpillar's earnings beat the Zacks Consensus Estimate by 13.33%. Going by the earnings surprise history, Caterpillar beat estimates in the last four quarters, leading to an overall positive average surprise of 8.53%.
Caterpillar Inc. Price and EPS Surprise
Caterpillar Inc. Price and EPS Surprise | Caterpillar Inc. Quote
Price Performance
In the past three months, the Caterpillar stock has underperformed the Zacks Categorized Machinery - Construction/Mining industry. The company has delivered a return of 10%, while the industry gained 11.4%.
What's Driving the Better-Than-Expected Earnings?
The company will benefit from the recent pick up in construction-related activity. Construction in Asia Pacific is improving consistently and the EAME construction industry has also witnessed positive growth lately.
Additionally, leading indicators of U.S. non-residential construction signal robust conditions ahead for the domestic construction industry. To counter the effect of weak end markets on its top line, Caterpillar remains committed to its goal of reducing costs, such that the decline in operating profit is no more than 25-30% of the decline in sales and revenues.
Some Other Promising Stocks
Caterpillar is not the only company looking up this earnings season. Here are some other stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +13.73% and sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Ingersoll-Rand Plc IR has an Earnings ESP of +1.09% and carries a Zacks Rank #3.
AGCO Corporation AGCO , a Zacks Rank #3 stock has an Earnings ESP of +5.63%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether. The combination of the company's favorable Zacks Rank with a positive ESP makes us confident of an earnings beat. Earnings Whispers Our proven model shows that Caterpillar is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which have a significantly higher chance of beating earnings.
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Caterpillar Inc. Price and EPS Surprise Caterpillar Inc. Price and EPS Surprise | Caterpillar Inc. Quote Price Performance In the past three months, the Caterpillar stock has underperformed the Zacks Categorized Machinery - Construction/Mining industry. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report To read this article on Zacks.com click here. It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether.
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Earnings Whispers Our proven model shows that Caterpillar is likely to beat earnings in the to-be-reported quarter because it has the right combination of two key ingredients - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which have a significantly higher chance of beating earnings. Here are some other stocks in the industrial products sector that you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +13.73% and sports a Zacks Rank #1. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report AGCO Corporation (AGCO): Free Stock Analysis Report Ingersoll-Rand PLC (Ireland) (IR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Notably, the stocks having a Zacks Rank #4 and 5 (Sell-rated stocks) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions. Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks? It is a much-awaited event as the world's largest manufacturer of construction and mining equipment is often considered an economic bellwether.
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0c2fed0c-a892-477c-ba50-dce1429cfcb9
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722504.0
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2017-01-23 00:00:00 UTC
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Noteworthy Monday Option Activity: DE, GLW, SBUX
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DE
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity-de-glw-sbux-2017-01-23
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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 Deere & Co. (Symbol: DE), where a total volume of 14,748 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68% of DE's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $115 strike call option expiring February 17, 2017 , with 5,094 contracts trading so far today, representing approximately 509,400 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $115 strike highlighted in orange:
Corning Inc (Symbol: GLW) options are showing a volume of 28,614 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 51.6% of GLW's average daily trading volume over the past month, of 5.5 million shares. Especially high volume was seen for the $26.50 strike call option expiring February 17, 2017 , with 16,327 contracts trading so far today, representing approximately 1.6 million underlying shares of GLW. Below is a chart showing GLW's trailing twelve month trading history, with the $26.50 strike highlighted in orange:
And Starbucks Corp. (Symbol: SBUX) saw options trading volume of 29,572 contracts, representing approximately 3.0 million underlying shares or approximately 44.3% of SBUX's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $59.50 strike call option expiring January 27, 2017 , with 5,560 contracts trading so far today, representing approximately 556,000 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $59.50 strike highlighted in orange:
For the various different available expirations for DE options , GLW options , or SBUX 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.
The views and 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 $115 strike call option expiring February 17, 2017 , with 5,094 contracts trading so far today, representing approximately 509,400 underlying shares of DE. Especially high volume was seen for the $26.50 strike call option expiring February 17, 2017 , with 16,327 contracts trading so far today, representing approximately 1.6 million underlying shares of GLW. Especially high volume was seen for the $59.50 strike call option expiring January 27, 2017 , with 5,560 contracts trading so far today, representing approximately 556,000 underlying shares of SBUX.
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Below is a chart showing DE's trailing twelve month trading history, with the $115 strike highlighted in orange: Corning Inc (Symbol: GLW) options are showing a volume of 28,614 contracts thus far today. Especially high volume was seen for the $26.50 strike call option expiring February 17, 2017 , with 16,327 contracts trading so far today, representing approximately 1.6 million underlying shares of GLW. Below is a chart showing GLW's trailing twelve month trading history, with the $26.50 strike highlighted in orange: And Starbucks Corp. (Symbol: SBUX) saw options trading volume of 29,572 contracts, representing approximately 3.0 million underlying shares or approximately 44.3% of SBUX's average daily trading volume over the past month, of 6.7 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 Deere & Co. (Symbol: DE), where a total volume of 14,748 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $26.50 strike call option expiring February 17, 2017 , with 16,327 contracts trading so far today, representing approximately 1.6 million underlying shares of GLW. Below is a chart showing GLW's trailing twelve month trading history, with the $26.50 strike highlighted in orange: And Starbucks Corp. (Symbol: SBUX) saw options trading volume of 29,572 contracts, representing approximately 3.0 million underlying shares or approximately 44.3% of SBUX's average daily trading volume over the past month, of 6.7 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 Deere & Co. (Symbol: DE), where a total volume of 14,748 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $115 strike call option expiring February 17, 2017 , with 5,094 contracts trading so far today, representing approximately 509,400 underlying shares of DE. Below is a chart showing GLW's trailing twelve month trading history, with the $26.50 strike highlighted in orange: And Starbucks Corp. (Symbol: SBUX) saw options trading volume of 29,572 contracts, representing approximately 3.0 million underlying shares or approximately 44.3% of SBUX's average daily trading volume over the past month, of 6.7 million shares.
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2017-01-20 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Heritage-Crystal Clean, ABB, Deere, Greif and Worthington Industries
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For Immediate Release
Chicago, IL - January 20, 2017, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Heritage-Crystal Clean, Inc (NASDAQ: HCCI - Free Report ), ABB Ltd. (NYSE: ABB - Free Report ), Deere & Company (NYSE: DE - Free Report ), Greif, Inc. (NYSE: GEF - Free Report ) and Worthington Industries, Inc. (NYSE: WOR - Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
5 Stocks to Buy on Record Rise in Industrial Production
Industrial production staged a strong rebound in December with unexpectedly warm weather leading to an increase in utility output over the month. Manufacturing output also increased, brightening the outlook for a sector which had remained embattled over nearly all of last year.
With the new administration set to introduce new policies to support the sector and industry as a whole, better times are surely in the offing. Picking stocks related to industrial production makes for a smart choice at this time.
Increase Highestin 2 Years
According to the Federal Reserve, industrial production increased by 0.8% in December, higher than the consensus estimate of a 0.7% increase. This was the highest increase in percentage terms since 2014. This substantial increase in output follows a decline of 0.7% in November, revised further downward from the initial estimate of a fall of 0.4%.
Additionally, capacity utilization increased from 74.9% in November to 75.5%. An increase of 6.6% in utilities output was the primary driver behind last month's gains. Even though mining output remained unchanged, manufacturing output increased by 0.2%. Production also experienced a year-over-year increase of 0.5%.
Positive Trend to Continue
According to several economists, despite the volatility observed in utility output, the overall trend for the sector has improved. Apart from utilities, other manufacturing sectors also exhibited gains over December. Motor vehicles, consumer goods and business equipment all witnessed an uptick in production.
A brighter outlook is in keeping with ISM manufacturing data released earlier this month. The ISM manufacturing index rose from 53.2% in November to 54.7% in December, reaching its highest settlement in the last two years. Additionally, employment for the sector increased by 17,000 last month while hours worked by workers involved in production increased by 0.4%.
Our Choices
Industrial production has affected a crucial turnaround in December. Economists and analysts alike feel that the tide has turned for the sector and the new administration's policies can only improve its outlook further.
Adding stocks from the sector to your portfolio makes for a prudent move at this point. However, picking winning stocks may be difficult.
This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score.
We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.
Heritage-Crystal Clean, Inc (NASDAQ: HCCI - Free Report ) concentrates on servicing the automotive repair, commercial and industrial marketplaces.
Heritage-Crystal Clean has a Zacks Rank #1 (Strong Buy) and a VGM Score of A. The company has expected earnings growth of more than 100% for the current year. The stock has returned 60.4% over the last one year, outperforming the Zacks Pollution Control Market sector, which has gained 54.8% over the same period.
ABB Ltd. (NYSE: ABB - Free Report ) is a leading power and automation technology company, offering a wide range of products systems, solutions and services that are designed to boost industrial productivity, power-grid reliability as well as energy efficiency.
ABB has a Zacks Rank #1 and a VGM Score of B. The company has expected earnings growth of 13.3% for the current year. Its earnings estimate for the current year has improved by 4.5% over the last 30 days. The stock has returned 39.3% over the last one year, outperforming the Zacks Manufacturing - Electronics Market sector, which has gained 39.1% over the same period.
Deere & Company (NYSE: DE - Free Report ) is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide.
Deere has a VGM Score of B. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 24.03, lower than the industry average of 24.56. The stock has returned 46.2% over the last one year, outperforming the Zacks Manufacturing - Farm Equipment Market sector, which has gained 40.8% over the same period. The stock has a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Greif, Inc. (NYSE: GEF - Free Report ) is a leading global producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.
Greif has a Zacks Rank #2 (Buy) and a VGM Score of A. The company has expected earnings growth of 21.9% for the current year. The stock has returned 102.1% over the last one year, outperforming the Zacks Containers - Metal and Glass Market sector, which has gained 22.2% over the same period.
Worthington Industries, Inc. (NYSE: WOR - Free Report ) is a leading diversified metal processing companies.
Worthington Industries has a Zacks Rank #2 and a VGM Score of A. The company has expected earnings growth of 31.9% for the current year. It has a P/E (F1) of 14.35, which is lower than the industry average of 14.82. The stock has returned 68.8% over the last one year, outperforming the Zacks Metal Products - Procurement and Fabrication Market sector, which has gained 58% over the same period.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Heritage-Crystal Clean Inc. (HCCI): Free Stock Analysis Report
ABB Ltd. (ABB): Free Stock Analysis Report
Deere & Co. (DE): Free Stock Analysis Report
Greif Inc. (GEF): Free Stock Analysis Report
Worthington Industries Inc. (WOR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Stocks recently featured in the blog include Heritage-Crystal Clean, Inc (NASDAQ: HCCI - Free Report ), ABB Ltd. (NYSE: ABB - Free Report ), Deere & Company (NYSE: DE - Free Report ), Greif, Inc. (NYSE: GEF - Free Report ) and Worthington Industries, Inc. (NYSE: WOR - Free Report ). Here are highlights from Thursday's Analyst Blog: 5 Stocks to Buy on Record Rise in Industrial Production Industrial production staged a strong rebound in December with unexpectedly warm weather leading to an increase in utility output over the month.
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Stocks recently featured in the blog include Heritage-Crystal Clean, Inc (NASDAQ: HCCI - Free Report ), ABB Ltd. (NYSE: ABB - Free Report ), Deere & Company (NYSE: DE - Free Report ), Greif, Inc. (NYSE: GEF - Free Report ) and Worthington Industries, Inc. (NYSE: WOR - Free Report ). Get the full Report on HCCI - FREE Get the full Report on ABB - FREE Get the full Report on DE - FREE Get the full Report on GEF - FREE Get the full Report on WOR - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Heritage-Crystal Clean Inc. (HCCI): Free Stock Analysis Report ABB Ltd. (ABB): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Greif Inc. (GEF): Free Stock Analysis Report Worthington Industries Inc. (WOR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Heritage-Crystal Clean, Inc (NASDAQ: HCCI - Free Report ), ABB Ltd. (NYSE: ABB - Free Report ), Deere & Company (NYSE: DE - Free Report ), Greif, Inc. (NYSE: GEF - Free Report ) and Worthington Industries, Inc. (NYSE: WOR - Free Report ). Get the full Report on HCCI - FREE Get the full Report on ABB - FREE Get the full Report on DE - FREE Get the full Report on GEF - FREE Get the full Report on WOR - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Heritage-Crystal Clean Inc. (HCCI): Free Stock Analysis Report ABB Ltd. (ABB): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Greif Inc. (GEF): Free Stock Analysis Report Worthington Industries Inc. (WOR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Thursday's Analyst Blog: 5 Stocks to Buy on Record Rise in Industrial Production Industrial production staged a strong rebound in December with unexpectedly warm weather leading to an increase in utility output over the month. Stocks recently featured in the blog include Heritage-Crystal Clean, Inc (NASDAQ: HCCI - Free Report ), ABB Ltd. (NYSE: ABB - Free Report ), Deere & Company (NYSE: DE - Free Report ), Greif, Inc. (NYSE: GEF - Free Report ) and Worthington Industries, Inc. (NYSE: WOR - Free Report ). Increase Highestin 2 Years According to the Federal Reserve, industrial production increased by 0.8% in December, higher than the consensus estimate of a 0.7% increase.
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2017-01-20 00:00:00 UTC
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Grainger (GWW) Q4 Earnings: Disappointment in the Cards?
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https://www.nasdaq.com/articles/grainger-gww-q4-earnings%3A-disappointment-in-the-cards-2017-01-20
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W.W. Grainger, Inc.GWW is scheduled to report fourth-quarter 2016 results on Jan 25, before the opening bell.
Last quarter, the company posted a positive earnings surprise of 1.32%. Further, Grainger's earnings outpaced the Zacks Consensus Estimate in the past four quarters, with an average beat of 3.71%.
Let's see how things are shaping up prior to this announcement.
W.W. Grainger Inc. Price and EPS Surprise
W.W. Grainger Inc. Price and EPS Surprise | W.W. Grainger Inc. Quote
Factors at Play
For fourth-quarter 2016, Grainger is projecting sales growth of -1-3%, while earnings per share will range between $2.27 and $2.57. For 2016, the company maintained its sales growth forecast of 1.5-2.5% and its earnings per share guidance of $11.40-$11.70. The guidance reflects the performance of the company in the prior three quarters of 2016, along with the expectation of consistent modest sales growth in the fourth quarter.
For 2016, Grainger estimates gross margins to be down 170-180 basis points (bps). The company continues to witness gross profit pressure due to unfavorable price cost spread for the businesses in the U.S. and Canada, along with faster growth of the lower-margin single channel businesses. Gross margin pressure is likely to remain in the fourth quarter.
For the full year, operating margins are projected at 12.3-12.5%, down 100-120 bps year over year. Grainger's Canada segment continues to underperform as a result of a challenging environment and operational issues related to a SAP implementation. Due to service gaps stemming from the systems transition, the company has been unable to pass on price hikes to customers this year. This has been putting pressure on gross margins.
For the fourth quarter, Grainger anticipates operating expenses to increase as a percentage of sales compared with the third quarter due to the loss of a selling day, three months of depreciation for the new distribution center in New Jersey versus two months in the third quarter and the hiring of 30 inside sales representatives in the fourth quarter.
In addition, multiple branches in the Southeast and the company's Jacksonville, FL distribution center were closed due to the Hurricane Matthew. This is likely to affect the fourth-quarter sales. Moreover, weak demand, gross margin pressure and unfavorable operating expenses are also anticipated to hurt Grainger's results.
Share Price Performance
In the last six months, Grainger has outperformed the Zacks classified Industrial Services subindustry with respect to price performance. The stock has gained 13.4%, more than the industry's gain of 10.3%, over the same time frame.
Earnings Whispers
Our proven model does not conclusively show that Grainger is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here, as you will see below.
Zacks ESP: Grainger has an Earnings ESP of -0.42%. That is because the Most Accurate estimate is $2.35, while the Zacks Consensus Estimate is pegged at $2.36. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Grainger's Zacks Rank #3 increases the predictive power of ESP. However, the company's negative ESP makes surprise prediction difficult.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Deere & Company DE has a positive Earnings ESP of 9.80% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
iRobot Corporation IRBT has an Earnings ESP of +2.56% and a Zacks Rank #3.
Johnson Controls International plc JCI has an Earnings ESP of +1.96% and a Zacks Rank #3.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Johnson Controls International PLC (JCI): Free Stock Analysis Report
iRobot Corp. (IRBT): Free Stock Analysis Report
Deere & Co. (DE): Free Stock Analysis Report
W.W. Grainger Inc. (GWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Grainger's Canada segment continues to underperform as a result of a challenging environment and operational issues related to a SAP implementation. The guidance reflects the performance of the company in the prior three quarters of 2016, along with the expectation of consistent modest sales growth in the fourth quarter. For the fourth quarter, Grainger anticipates operating expenses to increase as a percentage of sales compared with the third quarter due to the loss of a selling day, three months of depreciation for the new distribution center in New Jersey versus two months in the third quarter and the hiring of 30 inside sales representatives in the fourth quarter.
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Click to get this free report Johnson Controls International PLC (JCI): Free Stock Analysis Report iRobot Corp. (IRBT): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report W.W. Grainger Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. The guidance reflects the performance of the company in the prior three quarters of 2016, along with the expectation of consistent modest sales growth in the fourth quarter. Grainger's Canada segment continues to underperform as a result of a challenging environment and operational issues related to a SAP implementation.
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For the fourth quarter, Grainger anticipates operating expenses to increase as a percentage of sales compared with the third quarter due to the loss of a selling day, three months of depreciation for the new distribution center in New Jersey versus two months in the third quarter and the hiring of 30 inside sales representatives in the fourth quarter. Click to get this free report Johnson Controls International PLC (JCI): Free Stock Analysis Report iRobot Corp. (IRBT): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report W.W. Grainger Inc. (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. The guidance reflects the performance of the company in the prior three quarters of 2016, along with the expectation of consistent modest sales growth in the fourth quarter.
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For the fourth quarter, Grainger anticipates operating expenses to increase as a percentage of sales compared with the third quarter due to the loss of a selling day, three months of depreciation for the new distribution center in New Jersey versus two months in the third quarter and the hiring of 30 inside sales representatives in the fourth quarter. Moreover, weak demand, gross margin pressure and unfavorable operating expenses are also anticipated to hurt Grainger's results. Stocks to Consider Deere & Company DE has a positive Earnings ESP of 9.80% and a Zacks Rank #1.
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2017-01-20 00:00:00 UTC
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Rockwell Automation (ROK) Q1 Earnings: What's in Store?
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https://www.nasdaq.com/articles/rockwell-automation-rok-q1-earnings%3A-whats-in-store-2017-01-20
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Rockwell Automation, Inc.ROK is scheduled to report first-quarter fiscal 2017 results on Jan 25, before the opening bell. In the last reported quarter, Rockwell Automation's both top line and bottom line declined year over year. Let's see how things are shaping up prior to the first quarter announcement.
Rockwell Automation's shares have outperformed the Zacks categorized Industrial Automation/Robotics sub industry. The company's share price has surged 55.5% in the last one year, while the subindustry witnessed a gain of 52.4% in the same timeframe.
Earnings Whispers
Our proven model does not conclusively show that Rockwell Automation will be able to pull a surprise this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for an earnings beat. That is not the case here as you will see below.
Zacks ESP: Rockwell Automation's Earnings ESP stands at -2.76%. This is because the company's Most Accurate estimate is $1.41, while the Zacks Consensus Estimate is pegged higher at $1.45. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank: Rockwell Automation currently carries a Zacks Rank #3. Note that stocks with Zacks Rank #1, 2 or 3 have a significantly higher chance of beating earnings estimates. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
The combination of Rockwell Automation's Zacks Rank #3 combined with a negative Earnings ESP makes an earnings beat unlikely this quarter.
Surprise History
The company has an impressive earnings surprise history given that it has beaten the Zacks Consensus Estimate in the past four quarters. In the last reported quarter, the company posted a positive earnings surprise of 2.01% and has delivered a positive earnings surprise of 5.79% on an average over the last four quarters.
Rockwell Automation Inc. Price and EPS Surprise
Rockwell Automation Inc. Price and EPS Surprise | Rockwell Automation Inc. Quote
Factors at Play
In the last reported quarter, the company witnessed positive year-over-year organic growth in the Architecture & Software segment for the first time in fiscal 2016. Further, the product business delivered strong sequential growth in the last two quarters of fiscal 2016, which is expected to continue in first-quarter 2017 as well. There will be continued growth in automotive and consumer verticals. However, Rockwell Automation continues to witness significant weakness in heavy industries, particularly in the U.S.
Further, the global mining industry has been noticeably sluggish owing to oversupply and weak commodity prices. Continued weakness in the mining industry and lack of major projects will continue to affect the company's results in the coming quarters. Moreover, unfavorable currency translation and project delays remain headwinds.
Stocks to Consider
Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Deere & Company DE has an Earnings ESP of +9.80% and sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Ingersoll-Rand Plc IR has an Earnings ESP of +1.09% and carries a Zacks Rank #3.
Johnson Controls International plc JCI , a Zacks Rank #3 stock, has an Earnings ESP of +1.96%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Johnson Controls International PLC (JCI): Free Stock Analysis Report
Rockwell Automation Inc. (ROK): Free Stock Analysis Report
Deere & Co. (DE): Free Stock Analysis Report
Ingersoll-Rand PLC (IR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Whispers Our proven model does not conclusively show that Rockwell Automation will be able to pull a surprise this quarter. Further, the product business delivered strong sequential growth in the last two quarters of fiscal 2016, which is expected to continue in first-quarter 2017 as well. In the last reported quarter, Rockwell Automation's both top line and bottom line declined year over year.
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Click to get this free report Johnson Controls International PLC (JCI): Free Stock Analysis Report Rockwell Automation Inc. (ROK): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Ingersoll-Rand PLC (IR): Free Stock Analysis Report To read this article on Zacks.com click here. In the last reported quarter, Rockwell Automation's both top line and bottom line declined year over year. Earnings Whispers Our proven model does not conclusively show that Rockwell Automation will be able to pull a surprise this quarter.
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Stocks to Consider Here are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Deere & Company DE has an Earnings ESP of +9.80% and sports a Zacks Rank #1. Click to get this free report Johnson Controls International PLC (JCI): Free Stock Analysis Report Rockwell Automation Inc. (ROK): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Ingersoll-Rand PLC (IR): Free Stock Analysis Report To read this article on Zacks.com click here. In the last reported quarter, Rockwell Automation's both top line and bottom line declined year over year.
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In the last reported quarter, Rockwell Automation's both top line and bottom line declined year over year. Earnings Whispers Our proven model does not conclusively show that Rockwell Automation will be able to pull a surprise this quarter. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
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1b005b9d-551e-4f8b-abfe-84a870e58e96
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722508.0
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2017-01-19 00:00:00 UTC
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Should You Dump Lindsay (LNN) Stock from Your Portfolio?
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https://www.nasdaq.com/articles/should-you-dump-lindsay-lnn-stock-from-your-portfolio-2017-01-19
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Lindsay CorporationLNN has been disappointing investors of late. The leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, continues to grapple with lower demand for irrigation equipment. Shares of this Zacks Rank #5 (Strong Sell) stock gained a meager 3% in 2016. Let's delve deeper and try to find out why it would be wise to dump the stock from your portfolio.
Disappointing Fiscal First Quarter 2017
Lindsay Corporation's reported adjusted earnings of 8 cents per share in first-quarter fiscal 2017 (ended Nov 30, 2016), plunged 87% year over year. Performance in the irrigation segment was negatively impacted by low volume and resulting cost deleverage in the company's operations.
Backlog at first-quarter fiscal 2017 end was $55.9 million compared with $61.9 million at the end of the prior-year quarter. Improved backlogs in international irrigation and infrastructure were offset by a lower backlog in the U.S. irrigation. The stock has dipped 1.4% since its fiscal first-quarter 2017 results.
Weak Guidance
Lindsay stated that estimated record production for both corn and soybeans from the fall harvest in the U.S. will continue to exert downward pressure on commodity prices. Lower commodity prices and reduced farm income continue to affect farmer sentiments regarding capital goods purchases. Consequently, the company is not expecting any meaningful improvement in the overall irrigation market in fiscal 2017.
Negative Earnings Surprise History
The company has delivered negative earnings surprise in three of the past four quarters with an average earnings surprise of 14.05%.
Estimates Moving South
The estimates for the company for second-quarter fiscal 2017, fiscal 2017 and fiscal 2018, have moved south in the past 30 days, reflecting the negative outlook of analysts on the company.
For the current quarter, there have been four downward estimate revisions in the past 30 days with no upward movement. For fiscal 2017, we have seen five estimates moving down in the past 30 days, compared with no upward revisions. Similarly for fiscal 2018, four estimates have been revised downwards.
For second-quarter fiscal 2017, the Zacks Consensus Estimate has plunged 28% to 38 cents per share in the past 30 days. For fiscal 2017, the estimate has gone down 25% to $2.10 and for fiscal 2018, the estimate has declined 6% to $3.06 per share.
Negative Growth Expectations
The Zacks Consensus Estimate for second-quarter fiscal 2017 of 38 cents projects year-over-year decline of 10.7%. The Zacks Consensus Estimate for fiscal 2017 is pegged at a $2.10 per share, reflecting year-over-year decline of 20.3%.
Irrigation Demand Remains a Drag
A look at Lindsay's revenue and earnings performance over the past three years exhibits a clear downward trend.
The company is facing weakness in both domestic and irrigation equipment sales. The current agricultural cycle remains challenging with the agricultural downturn heading into its fourth year. Recent commodity price trends have not been positive. This will continue to weigh on farm income and consequently add to volumes and pricing pressure in the irrigation market. This will continue to affect company's performance in the near term.
Falling Behind the Industry
Lindsay's stock has slumped 14.2% in the past one year, falling way behind the Zacks categorized Machinery-Farm subindustry, which witnessed a gain of 43.3% in the same time frame.
Expensive Valuation
Lindsay is trading at a forward P/E of 35.7x, much higher than industry's multiple of 21.8x.
Stocks to Consider
Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Deere has delivered an average positive earnings surprise of 58.17% in the last four quarters.
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Actuant Corp. (ATU): Free Stock Analysis Report
Deere & Co. (DE): Free Stock Analysis Report
Lindsay Corp. (LNN): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Irrigation Demand Remains a Drag A look at Lindsay's revenue and earnings performance over the past three years exhibits a clear downward trend. The leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, continues to grapple with lower demand for irrigation equipment. Let's delve deeper and try to find out why it would be wise to dump the stock from your portfolio.
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Disappointing Fiscal First Quarter 2017 Lindsay Corporation's reported adjusted earnings of 8 cents per share in first-quarter fiscal 2017 (ended Nov 30, 2016), plunged 87% year over year. Click to get this free report Actuant Corp. (ATU): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Lindsay Corp. (LNN): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. The leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, continues to grapple with lower demand for irrigation equipment.
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Stocks to Consider Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE All three of these stocks sport a Zacks Rank #1 (Strong Buy). Click to get this free report Actuant Corp. (ATU): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Lindsay Corp. (LNN): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. The leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, continues to grapple with lower demand for irrigation equipment.
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Disappointing Fiscal First Quarter 2017 Lindsay Corporation's reported adjusted earnings of 8 cents per share in first-quarter fiscal 2017 (ended Nov 30, 2016), plunged 87% year over year. Irrigation Demand Remains a Drag A look at Lindsay's revenue and earnings performance over the past three years exhibits a clear downward trend. Stocks to Consider Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE All three of these stocks sport a Zacks Rank #1 (Strong Buy).
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ad476b3e-1fbb-4994-acae-7b570c1565da
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722509.0
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2017-01-19 00:00:00 UTC
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Charter Trust Co Buys Lake Sunapee Bank Group, Texas Instruments Inc, Foot Locker Inc, Sells ...
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https://www.nasdaq.com/articles/charter-trust-co-buys-lake-sunapee-bank-group-texas-instruments-inc-foot-locker-inc-sells
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Charter Trust CoDE
New Purchases: FL , ADS , TSO , SPY, PZZA, PSA, PACW, JCOM, IPG, CELG,
Added Positions:IVV, AGG, LSBG, TXN, EFA, M, IJR, UPS, HON, EAT,
Reduced Positions:BRKL, EEM, EPP, FXI, UNH, XLE, EZA, IVW, KR, NOC,
Sold Out:EWU, EWJ, VVR, TJX, EL, MKC, SPG, IEF, GLD, CTAS,
For the details of CHARTER TRUST CO's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=CHARTER+TRUST+CO
These are the top 5 holdings of CHARTER TRUST CO
General Electric Co ( GE ) - 1,221,977 shares, 4.31% of the total portfolio. Shares reduced by 0.5%
International Business Machines Corp ( IBM ) - 178,497 shares, 3.3% of the total portfolio. Shares added by 0.20%
Exxon Mobil Corp ( XOM ) - 318,158 shares, 3.2% of the total portfolio. Shares added by 0.49%
SPDR Select Sector Fund - Technology ( XLK ) - 587,972 shares, 3.17% of the total portfolio. Shares added by 0.09%
iShares Core S&P 500 (IVV) - 118,613 shares, 2.98% of the total portfolio. Shares added by 4.44%
New Purchase: Foot Locker Inc (FL)
Charter Trust Co initiated holdings in Foot Locker Inc. The purchase prices were between $65.62 and $79.2, with an estimated average price of $71.14. The stock is now traded at around $68.89. The impact to the portfolio due to this purchase was 0.04%. The holdings were 4,865 shares as of 2016-12-31.
New Purchase: Celgene Corp (CELG)
Charter Trust Co initiated holdings in Celgene Corp. The purchase prices were between $97.63 and $124.16, with an estimated average price of $111.36. The stock is now traded at around $113.73. The impact to the portfolio due to this purchase was 0.03%. The holdings were 2,436 shares as of 2016-12-31.
New Purchase: Papa John's International Inc (PZZA)
Charter Trust Co initiated holdings in Papa John's International Inc. The purchase prices were between $73.85 and $89.55, with an estimated average price of $82.89. The stock is now traded at around $83.59. The impact to the portfolio due to this purchase was 0.03%. The holdings were 3,621 shares as of 2016-12-31.
New Purchase: Alliance Data Systems Corp (ADS)
Charter Trust Co initiated holdings in Alliance Data Systems Corp. The purchase prices were between $199.8 and $239.87, with an estimated average price of $217.99. The stock is now traded at around $229.92. The impact to the portfolio due to this purchase was 0.03%. The holdings were 1,000 shares as of 2016-12-31.
New Purchase: j2 Global Inc (JCOM)
Charter Trust Co initiated holdings in j2 Global Inc. The purchase prices were between $62.69 and $83.47, with an estimated average price of $73.11. The stock is now traded at around $85.16. The impact to the portfolio due to this purchase was 0.03%. The holdings were 3,351 shares as of 2016-12-31.
New Purchase: Wyndham Worldwide Corp (WYN)
Charter Trust Co initiated holdings in Wyndham Worldwide Corp. The purchase prices were between $63.32 and $77.88, with an estimated average price of $71.22. The stock is now traded at around $77.74. The impact to the portfolio due to this purchase was 0.03%. The holdings were 3,535 shares as of 2016-12-31.
Added: Lake Sunapee Bank Group (LSBG)
Charter Trust Co added to the holdings in Lake Sunapee Bank Group by 20.84%. The purchase prices were between $17.68 and $24.38, with an estimated average price of $20.5. The stock is now traded at around $21.94. The impact to the portfolio due to this purchase was 0.07%. The holdings were 164,852 shares as of 2016-12-31.
Added: Texas Instruments Inc (TXN)
Charter Trust Co added to the holdings in Texas Instruments Inc by 29.19%. The purchase prices were between $67.6 and $74.87, with an estimated average price of $71.37. The stock is now traded at around $74.07. The impact to the portfolio due to this purchase was 0.06%. The holdings were 33,956 shares as of 2016-12-31.
Added: Honeywell International Inc (HON)
Charter Trust Co added to the holdings in Honeywell International Inc by 23.00%. The purchase prices were between $105.78 and $118.09, with an estimated average price of $112.57. The stock is now traded at around $117.45. The impact to the portfolio due to this purchase was 0.03%. The holdings were 13,410 shares as of 2016-12-31.
Added: Macy's Inc (M)
Charter Trust Co added to the holdings in Macy's Inc by 60.65%. The purchase prices were between $35.09 and $44.91, with an estimated average price of $38.89. The stock is now traded at around $29.32. The impact to the portfolio due to this purchase was 0.03%. The holdings were 16,375 shares as of 2016-12-31.
Added: Best Buy Co Inc (BBY)
Charter Trust Co added to the holdings in Best Buy Co Inc by 67.65%. The purchase prices were between $37.89 and $49.31, with an estimated average price of $42.49. The stock is now traded at around $43.49. The impact to the portfolio due to this purchase was 0.02%. The holdings were 12,195 shares as of 2016-12-31.
Added: Franklin Resources Inc (BEN)
Charter Trust Co added to the holdings in Franklin Resources Inc by 43.64%. The purchase prices were between $33.18 and $42.02, with an estimated average price of $37.43. The stock is now traded at around $39.56. The impact to the portfolio due to this purchase was 0.02%. The holdings were 11,191 shares as of 2016-12-31.
Sold Out: iShares MSCI United Kingdom (EWU)
Charter Trust Co sold out the holdings in iShares MSCI United Kingdom. The sale prices were between $14.73 and $31.31, with an estimated average price of $23.06.
Sold Out: iShares MSCI Japan Index Fund (EWJ)
Charter Trust Co sold out the holdings in iShares MSCI Japan Index Fund. The sale prices were between $48.79 and $50.76, with an estimated average price of $49.43.
Sold Out: TJX Companies Inc (TJX)
Charter Trust Co sold out the holdings in TJX Companies Inc. The sale prices were between $71.8 and $79.43, with an estimated average price of $75.58.
Sold Out: McCormick & Co Inc (MKC)
Charter Trust Co sold out the holdings in McCormick & Co Inc. The sale prices were between $88.78 and $96.93, with an estimated average price of $93.3.
Sold Out: Invesco Senior Income Trust ( DE ) (VVR)
Charter Trust Co sold out the holdings in Invesco Senior Income Trust ( DE ). The sale prices were between $4.28 and $4.54, with an estimated average price of $4.4.
Sold Out: The Estee Lauder Companies Inc (EL)
Charter Trust Co sold out the holdings in The Estee Lauder Companies Inc. The sale prices were between $75.84 and $88.31, with an estimated average price of $81.29.
Warning! GuruFocus has detected 5 Warning Signs with LSBG. Click here to check it out.
LSBG 15-Year Financial Data
The intrinsic value of LSBG
Peter Lynch Chart of LSBG
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Charter Trust CoDE New Purchases: FL , ADS , TSO , SPY, PZZA, PSA, PACW, JCOM, IPG, CELG, Added Positions:IVV, AGG, LSBG, TXN, EFA, M, IJR, UPS, HON, EAT, Reduced Positions:BRKL, EEM, EPP, FXI, UNH, XLE, EZA, IVW, KR, NOC, Sold Out:EWU, EWJ, VVR, TJX, EL, MKC, SPG, IEF, GLD, CTAS, For the details of CHARTER TRUST CO's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=CHARTER+TRUST+CO These are the top 5 holdings of CHARTER TRUST CO General Electric Co ( GE ) - 1,221,977 shares, 4.31% of the total portfolio. Added: Lake Sunapee Bank Group (LSBG) Charter Trust Co added to the holdings in Lake Sunapee Bank Group by 20.84%. Sold Out: iShares MSCI Japan Index Fund (EWJ) Charter Trust Co sold out the holdings in iShares MSCI Japan Index Fund.
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Sold Out: iShares MSCI Japan Index Fund (EWJ) Charter Trust Co sold out the holdings in iShares MSCI Japan Index Fund. Sold Out: Invesco Senior Income Trust ( DE ) (VVR) Charter Trust Co sold out the holdings in Invesco Senior Income Trust ( DE ). Charter Trust CoDE New Purchases: FL , ADS , TSO , SPY, PZZA, PSA, PACW, JCOM, IPG, CELG, Added Positions:IVV, AGG, LSBG, TXN, EFA, M, IJR, UPS, HON, EAT, Reduced Positions:BRKL, EEM, EPP, FXI, UNH, XLE, EZA, IVW, KR, NOC, Sold Out:EWU, EWJ, VVR, TJX, EL, MKC, SPG, IEF, GLD, CTAS, For the details of CHARTER TRUST CO's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=CHARTER+TRUST+CO These are the top 5 holdings of CHARTER TRUST CO General Electric Co ( GE ) - 1,221,977 shares, 4.31% of the total portfolio.
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Charter Trust CoDE New Purchases: FL , ADS , TSO , SPY, PZZA, PSA, PACW, JCOM, IPG, CELG, Added Positions:IVV, AGG, LSBG, TXN, EFA, M, IJR, UPS, HON, EAT, Reduced Positions:BRKL, EEM, EPP, FXI, UNH, XLE, EZA, IVW, KR, NOC, Sold Out:EWU, EWJ, VVR, TJX, EL, MKC, SPG, IEF, GLD, CTAS, For the details of CHARTER TRUST CO's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=CHARTER+TRUST+CO These are the top 5 holdings of CHARTER TRUST CO General Electric Co ( GE ) - 1,221,977 shares, 4.31% of the total portfolio. Shares added by 4.44% New Purchase: Foot Locker Inc (FL) Charter Trust Co initiated holdings in Foot Locker Inc. Shares added by 0.20% Exxon Mobil Corp ( XOM ) - 318,158 shares, 3.2% of the total portfolio.
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Shares added by 0.20% Exxon Mobil Corp ( XOM ) - 318,158 shares, 3.2% of the total portfolio. Shares added by 0.09% iShares Core S&P 500 (IVV) - 118,613 shares, 2.98% of the total portfolio. Charter Trust CoDE New Purchases: FL , ADS , TSO , SPY, PZZA, PSA, PACW, JCOM, IPG, CELG, Added Positions:IVV, AGG, LSBG, TXN, EFA, M, IJR, UPS, HON, EAT, Reduced Positions:BRKL, EEM, EPP, FXI, UNH, XLE, EZA, IVW, KR, NOC, Sold Out:EWU, EWJ, VVR, TJX, EL, MKC, SPG, IEF, GLD, CTAS, For the details of CHARTER TRUST CO's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=CHARTER+TRUST+CO These are the top 5 holdings of CHARTER TRUST CO General Electric Co ( GE ) - 1,221,977 shares, 4.31% of the total portfolio.
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2017-01-18 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Steel Dynamics, Deere, Halliburton, Fifth Third Bancorp and Morgan Stanley
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-steel-dynamics-deere-halliburton-fifth-third
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For Immediate Release
Chicago, IL - January 18, 2017 - Today, Zacks Investment Ideas feature highlights Features: Steel Dynamics (NASDAQ: STLD- Free Report ), Deere and Co. (NYSE: DE- Free Report ), Halliburton (NYSE: HAL- Free Report ), Fifth Third Bancorp (NASDAQ: FITB- Free Report ) and Morgan Stanley (NYSE: MS- Free Report ).
Betting on the Workaday Person
I found the following top-down global financial asset strategy table both funny and relevant. I reproduced it below gratis BoA-Merrill Lynch.
In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night. One ship is the populist Trump Presidency inauguration held on Friday, Jan. 20 th . The other ship is the World Economic Forum (WEF) meeting in Davos, Switzerland. This confab concludes on Friday Jan. 20 th too.
None of Trump's team is attending the WEF this week. Yet, Chinese President Xi is indeed attending and speaking to the Swiss confab. With both the Brexit vote and Donald Trump's Presidency in hand, the latest 2017 global elite Davos gathering feels it has assisted this big backlash against the establishment in 2016.
In light of that, BoA Merrill Lynch analysts - working for a major bank that reported excellent EPS results last week -- came up with the "JOE SIX-PACK" portfolio for 2017 and beyond.
This stock portfolio thematic -- leaving Davos Man behind for Joe Six-Pack -- makes more sense than you might think, at first. Give it your real attention.
Such stock-pick shifts do portend well what may come in 2017 and beyond.
I consulted the latest Zacks #1Rank (STRONG BUY) list for you. I identified five clean "JOE SIX-PACK" stocks for you. Enjoy!
(1) Fiscal Stimulus: Steel Dynamics (NASDAQ: STLD- Free Report )
This is a U.S. steel producer with 7,500 employees based in Fort Wayne, Indiana. That's the home state of the incoming Vice President.
(2) Commodities: Deere and Co. (NYSE: DE- Free Report )
Deere & Company is a U.S.-based company that is also one of the world's foremost producers of agricultural equipment; as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment.
This respected company was founded in 1837 and is based in Moline, IL.
(3) Deregulation: Halliburton (NYSE: HAL- Free Report )
Halliburton is one of the world's largest providers of products and services to the energy industry.
The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir -- from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.
The company operates under two main segments: Completion and Production, and Drilling and Evaluation. It is based in Houston, TX.
(4) Fiscal Winners: Fifth Third Bancorp (NASDAQ: FITB- Free Report )
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities.
The company is headquartered in Cincinnati, OH. Industrial powerhouse Ohio is where its banking business is strongest.
(5) Banks: Morgan Stanley (NYSE: MS- Free Report )
Morgan Stanley is a preeminent global financial services firm. It maintains leading market positions in each of its three primary businesses: securities, asset management, and credit services.
Most top company executives are based in NYC. That's the home base of the incoming President.
Follow Brian Bolan on Twitter @BBolan1
Want more articles from this author? Go to Zacks.com on this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Brian Bolan is a Stock Strategist for Zacks.com.
He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.
Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
Get the full Report on STLD - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Steel Dynamics Inc. (STLD): Free Stock Analysis Report
Deere & Co. (DE): Free Stock Analysis Report
Halliburton Co. (HAL): Free Stock Analysis Report
Fifth Third Bancorp (FITB): Free Stock Analysis Report
Morgan Stanley (MS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 both the Brexit vote and Donald Trump's Presidency in hand, the latest 2017 global elite Davos gathering feels it has assisted this big backlash against the establishment in 2016. For Immediate Release Chicago, IL - January 18, 2017 - Today, Zacks Investment Ideas feature highlights Features: Steel Dynamics (NASDAQ: STLD- Free Report ), Deere and Co. (NYSE: DE- Free Report ), Halliburton (NYSE: HAL- Free Report ), Fifth Third Bancorp (NASDAQ: FITB- Free Report ) and Morgan Stanley (NYSE: MS- Free Report ). In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night.
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For Immediate Release Chicago, IL - January 18, 2017 - Today, Zacks Investment Ideas feature highlights Features: Steel Dynamics (NASDAQ: STLD- Free Report ), Deere and Co. (NYSE: DE- Free Report ), Halliburton (NYSE: HAL- Free Report ), Fifth Third Bancorp (NASDAQ: FITB- Free Report ) and Morgan Stanley (NYSE: MS- Free Report ). Click here for a peek at this private information>> Get the full Report on STLD - FREE Get the full Report on DE - FREE Get the full Report on HAL - FREE Get the full Report on FITB - FREE Get the full Report on MS - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Steel Dynamics Inc. (STLD): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Halliburton Co. (HAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - January 18, 2017 - Today, Zacks Investment Ideas feature highlights Features: Steel Dynamics (NASDAQ: STLD- Free Report ), Deere and Co. (NYSE: DE- Free Report ), Halliburton (NYSE: HAL- Free Report ), Fifth Third Bancorp (NASDAQ: FITB- Free Report ) and Morgan Stanley (NYSE: MS- Free Report ). Click here for a peek at this private information>> Get the full Report on STLD - FREE Get the full Report on DE - FREE Get the full Report on HAL - FREE Get the full Report on FITB - FREE Get the full Report on MS - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Steel Dynamics Inc. (STLD): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Halliburton Co. (HAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Steel Dynamics Inc. (STLD): Free Stock Analysis Report Deere & Co. (DE): Free Stock Analysis Report Halliburton Co. (HAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 18, 2017 - Today, Zacks Investment Ideas feature highlights Features: Steel Dynamics (NASDAQ: STLD- Free Report ), Deere and Co. (NYSE: DE- Free Report ), Halliburton (NYSE: HAL- Free Report ), Fifth Third Bancorp (NASDAQ: FITB- Free Report ) and Morgan Stanley (NYSE: MS- Free Report ). In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night.
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743f0e99-a040-43d6-a59e-4e6c7238ca21
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722511.0
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2017-01-18 00:00:00 UTC
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Should You Get Rid of Lindsay (LNN) Now?
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DE
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https://www.nasdaq.com/articles/should-you-get-rid-of-lindsay-lnn-now-2017-01-18
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Lindsay CorporationLNN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in LNN.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 5 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from earnings of $2.8 a share a month ago to its current level of earnings of $2.1 per share.
Also, for the current quarter, Lindsay has seen 4 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to earnings of 38 cents a share from earnings of 53 cents over the past 30 days.
Lindsay Corporation Price and Consensus
Lindsay Corporation Price and Consensus | Lindsay Corporation Quote
The stock also has seen some pretty dismal trading lately, as the share price has dropped 25.1% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Manufacturing-Farm Equipment, you may instead consider a better-ranked stock Deere & Company DE . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Co. (DE): Free Stock Analysis Report
Lindsay Corp. (LNN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait. One such stock that you may want to consider dropping is Lindsay CorporationLNN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report Deere & Co. (DE): Free Stock Analysis Report Lindsay Corp. (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. One such stock that you may want to consider dropping is Lindsay CorporationLNN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report Deere & Co. (DE): Free Stock Analysis Report Lindsay Corp. (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. One such stock that you may want to consider dropping is Lindsay CorporationLNN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. One such stock that you may want to consider dropping is Lindsay CorporationLNN , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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fd83f4df-69d2-46c5-96e6-23762cd065da
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722512.0
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2017-01-17 00:00:00 UTC
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Betting on the Workaday Person
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DE
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https://www.nasdaq.com/articles/betting-workaday-person-2017-01-17
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nan
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nan
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I found the following top-down global financial asset strategy table both funny and relevant. I reproduced it below gratis BoA-Merrill Lynch.
In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night. One ship is the populist Trump Presidency inauguration held on Friday, Jan. 20 th . The other ship is the World Economic Forum (WEF) meeting in Davos, Switzerland. This confab concludes on Friday Jan. 20 th too.
None of Trump's team is attending the WEF this week. Yet, Chinese President Xi is indeed attending and speaking to the Swiss confab. With both the Brexit vote and Donald Trump's Presidency in hand, the latest 2017 global elite Davos gathering feels it has assisted this big backlash against the establishment in 2016.
In light of that, BoA Merrill Lynch analysts - working for a major bank that reported excellent EPS results last week -- came up with the "JOE SIX-PACK" portfolio for 2017 and beyond.
This stock portfolio thematic -- leaving Davos Man behind for Joe Six-Pack -- makes more sense than you might think, at first. Give it your real attention.
Such stock-pick shifts do portend well what may come in 2017 and beyond.
I consulted the latest Zacks #1Rank (STRONG BUY) list for you. I identified five clean "JOE SIX-PACK" stocks for you. Enjoy!
(1) Fiscal Stimulus: Steel Dynamics ( STLD )
This is a U.S. steel producer with 7,500 employees based in Fort Wayne, Indiana. That's the home state of the incoming Vice President.
(2) Commodities:Deere and Co. ( DE )
Deere & Company is a U.S.-based company that is also one of the world's foremost producers of agricultural equipment; as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment.
This respected company was founded in 1837 and is based in Moline, IL.
(3) Deregulation:Halliburton ( HAL )
Halliburton is one of the world's largest providers of products and services to the energy industry.
The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir -- from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.
The company operates under two main segments: Completion and Production, and Drilling and Evaluation. It is based in Houston, TX.
(4) Fiscal Winners: Fifth Third Bancorp (FITB)
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities.
The company is headquartered in Cincinnati, OH. Industrial powerhouse Ohio is where its banking business is strongest.
(5) Banks: Morgan Stanley ( MS )
Morgan Stanley is a preeminent global financial services firm. It maintains leading market positions in each of its three primary businesses: securities, asset management, and credit services.
Most top company executives are based in NYC. That's the home base of the incoming President.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Steel Dynamics, Inc. (STLD): Free Stock Analysis Report
Morgan Stanley (MS): Free Stock Analysis Report
Halliburton Company (HAL): Free Stock Analysis Report
Fifth Third Bancorp (FITB): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 both the Brexit vote and Donald Trump's Presidency in hand, the latest 2017 global elite Davos gathering feels it has assisted this big backlash against the establishment in 2016. In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night. One ship is the populist Trump Presidency inauguration held on Friday, Jan. 20 th .
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Click to get this free report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night. One ship is the populist Trump Presidency inauguration held on Friday, Jan. 20 th .
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(2) Commodities:Deere and Co. ( DE ) Deere & Company is a U.S.-based company that is also one of the world's foremost producers of agricultural equipment; as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. Click to get this free report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report Halliburton Company (HAL): Free Stock Analysis Report Fifth Third Bancorp (FITB): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report To read this article on Zacks.com click here. In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night.
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That's the home base of the incoming President. In short, this trading week shows us 2 thematic ships, passing far apart, in the deepest night. One ship is the populist Trump Presidency inauguration held on Friday, Jan. 20 th .
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554db7c5-e668-4b32-9074-cd498aa8653b
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722513.0
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2017-01-13 00:00:00 UTC
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Joy Global: Trump's Coal Plans Bode Well, Bookings a Woe
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DE
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https://www.nasdaq.com/articles/joy-global%3A-trumps-coal-plans-bode-well-bookings-a-woe-2017-01-13
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On Jan 13, we issued an updated research report on Joy Global Inc . JOY . Joy Global's cost-saving initiatives, non-core asset sales and the President-elect's vow to revive the coal industry bode well for the company. However, in the commodity surplus market, miners are not going ahead with new projects, which is hurting Joy Global's bookings.
Joy Global's earnings in fourth-quarter fiscal 2016 lagged the Zacks Consensus Estimate, while total revenue beat the same. However, quarterly revenues were down on a year-over-year basis due to lower contributions from the Underground Mining Machinery and Surface Mining Equipment segments.
Even though the global commodity markets are gradually regaining balance, the mining industry is still deferring capital expansion and maintenance work, which is having an adverse impact on the company's bookings. In the fourth quarter of fiscal 2016, bookings declined 9% year over year to $559 million, while full-year booking tumbled 14% to $2.3 billion. In the fiscal fourth quarter, Underground and Surface Mining Equipment orders were down 21% and 2%, respectively.
On the bright side, the President-elect Donald Trump's favor for the coal industry might turn the fortunes of mining equipment makers. Trump, during his campaign, vowed to revive the coal industry and incidentally, coal miners contribute nearly 59% to Joy Global's revenues. It's quite clear that a turnaround in the coal industry will boost the performance of the mining equipment maker. Other equipment makers like Deere & Company DE and Caterpillar Inc. CAT are also expected to benefit under Trump's Presidency.
The company's management has implemented several strategies to optimize its cost structure and realign production capacity to cope with sluggish customer orders. Joy Global is relocating production capacity to low-cost regions and trying to expand operations in other commodity lines to boost its performance.
Joy Global generates a sizeable amount of its top line from its global clients. The political and the economic conditions in the countries and regions in which the company operates may significantly affect its profitability and growth prospects. In addition, negative currency translation is adversely impact the company's bookings.
Price Movement
Joy Global's shares inched up 1.01% over the last three months, underperforming the Zacks categorized Manufacturing- Construction and Mining industry's gain of 9.4%.
The underperformance was mainly primarily due to soft bookings at both Services and Original Equipment product lines.
Zacks Rank & a Key Pick
Joy Global currently has a Zacks Rank #3 (Hold). A better-ranked stock in the same space is H&E Equipment Services, Inc. HEES .
H&E Equipment Services has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . In the last three months, the company's shares gained 49.5%, outperforming the broader industry.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Joy Global Inc. (JOY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Joy Global's cost-saving initiatives, non-core asset sales and the President-elect's vow to revive the coal industry bode well for the company. Even though the global commodity markets are gradually regaining balance, the mining industry is still deferring capital expansion and maintenance work, which is having an adverse impact on the company's bookings. Price Movement Joy Global's shares inched up 1.01% over the last three months, underperforming the Zacks categorized Manufacturing- Construction and Mining industry's gain of 9.4%.
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In the fiscal fourth quarter, Underground and Surface Mining Equipment orders were down 21% and 2%, respectively. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Joy Global Inc. (JOY): Free Stock Analysis Report To read this article on Zacks.com click here. Joy Global's cost-saving initiatives, non-core asset sales and the President-elect's vow to revive the coal industry bode well for the company.
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Price Movement Joy Global's shares inched up 1.01% over the last three months, underperforming the Zacks categorized Manufacturing- Construction and Mining industry's gain of 9.4%. Click to get this free report Caterpillar, Inc. (CAT): Free Stock Analysis Report H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Joy Global Inc. (JOY): Free Stock Analysis Report To read this article on Zacks.com click here. Joy Global's cost-saving initiatives, non-core asset sales and the President-elect's vow to revive the coal industry bode well for the company.
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Joy Global's cost-saving initiatives, non-core asset sales and the President-elect's vow to revive the coal industry bode well for the company. However, quarterly revenues were down on a year-over-year basis due to lower contributions from the Underground Mining Machinery and Surface Mining Equipment segments. Even though the global commodity markets are gradually regaining balance, the mining industry is still deferring capital expansion and maintenance work, which is having an adverse impact on the company's bookings.
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ba81a2d1-eb88-432d-a5d0-af750eadcc88
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722514.0
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2017-01-13 00:00:00 UTC
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Caterpillar (CAT) or Deere (DE): Which Is the Better Stock?
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DE
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https://www.nasdaq.com/articles/caterpillar-cat-or-deere-de%3A-which-is-the-better-stock-2017-01-13
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nan
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At the onset of 2016, the industrial machinery sector was one of the most adversely impacted industries in the U.S, reeling from the uncertainties in the global arena. This scenario can be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations and Brexit. However, sentiment steadily improved, thereafter, particularly following the victory of Donald Trump as investors anticipate his plans of big spending in infrastructure, and easing regulations for oil and coal exploration would help boost the industry.
Let's take a quick look at the industrial products sector's performance in 2016. Following an unceremonious decline of 21.6% in the first quarter, it has somewhat recovered with a 1.2% dip in the second quarter and then went on to log a 13.7% growth in the third quarter. As per our projections, following a 1.7% dip in fourth quarter, the sector will remain in the positive territory in 2017 with growth of 8.3%, 7.5%, 2%, 12.9% in the first, second, third and fourth quarters of 2017, respectively. (For a detailed look at the earnings outlook for this sector and others, please read our Earnings Trends report.).
The IMF anticipates the world economy to grow 3.4% in 2017, including 1.8% growth for advanced nations and 4.6% improvement for emerging countries. In the quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Until such improvements materialize, stocks with high investment rankings might interest investors seeking exposure in the machinery industry.
The ' Industrial Products ' sector, is positively placed at 7 out of a total 16 sectors we cover (top 44%). In the sector, two heavyweights that hog the limelight are Caterpillar, Inc. CAT and Deere & Company DE with market capitalizations of $55.4 billion and $33.5 billion, respectively. Caterpillar is the world's largest manufacturer of construction and mining equipment and also dabbles in agricultural equipment, while Deere is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment.
Investors keen on this sector would be inquisitive about which one has the more attractive prospects. Let's look more closely at how Caterpillar and Deere fare on some key metrics to see which stock deserves to be a part of your portfolio.
Stock Performance
Caterpillar's stock has rallied 54.4% in the past one year, outperforming Deere's gain of 43.6% over the same time frame. Both have outpaced the Zacks categorized Machinery industry's gain of 42.6% as well as the Industrial Product's sector's rise of 39.1%.
Valuation
From a valuation perspective, the Caterpillar stock , which is trading at a forward P/E multiple of 31 is more expensive than the Deere stock which is trading a multiple of 23.9. Both are trading higher than the industry multiple of 22.
Rank and Subindustry Ranking
Caterpillar currently carries a Zacks Rank #3 (Hold). It falls under the Zacks Categorized Manufacturing-Construction and Mining sub industry which is currently carrying a Rank of #182 (out of 265 industries we cover), being in the bottom 31%.
While, Deere sports a Zacks Rank #1 (Strong Buy). You can see t he complete list of today's Zacks #1 Rank stocks here . It falls under the Zacks Categorized Manufacturing-Farm Equipment sub industry which is currently carrying a Rank of #165 (out of 265 industries we cover), being in the bottom 38%.
Long Term Growth Expectations
In terms of long-term earnings growth expectations, Deere scores above Caterpillar with a projection of 7.67% compared with the latter's 4.25%.
Dividend Yield
For income investors, Caterpillar has a higher dividend yield (3.25%) than Deere (2.27%). Caterpillar last raised its dividend in Jun 2015 and has raised its dividend for consecutive 22 years. Deere has maintained its dividend since 2014.
Earnings Beat
Despite weak demand, both the companies have managed to beat estimates of late owing to their cost cutting efforts. Caterpillar has beat the Zacks Consensus Estimate in all the last four quarters with an average earnings beat of 8.53%. Deere also has an impressive track record, beating the Zacks Consensus Estimate in all the four quarters, with an average earnings surprise of 58.17%.
Estimate Revisions Trend
For Caterpillar, for fiscal 2016, one estimate has gone down with no upward movement in the last 60 days. For fiscal 2017, there have been nine downward revisions in the same time frame. The Zacks Consensus Estimate for fiscal 2016 has thus edged down 0.3% to $3.24 while the estimate for fiscal 2017 has dipped 10% to $3.03.
On the contrary, for Deere, nine estimates have moved north in the last 60 days with no downward movement. Over the said timeframe, the Zacks Consensus Estimate for Deere has moved up 14% to $4.39 for fiscal 2017 and for fiscal 2018, the estimate has moved up 13% to $5.35.
Results & Growth Prospects
Caterpillar's financial performance was not worth writing home about in the first three quarters of 2016 as the mining and construction equipment behemoth continues to reel under lower end-user demand. While commodity prices have improved from their recent lows, it is not clear whether it is sufficient to drive increased demand for mining equipment.
Meanwhile, despite a drop in fourth-quarter fiscal 2016 earnings, Deere's net income of $1.5 billion in fiscal 2016 was the highest in the last ten years. Despite a weak global agricultural sector, the company benefited from the adept execution of its operating plans and disciplined cost management as well as the impact of a broad product portfolio. Deere remains committed to its target to reduce structural costs by $500 million by fiscal 2018.
For both the companies, improvement in construction and cost cutting are the keys to stay profitable. The construction industry has now entered a more mature phase of its expansion, and construction spending can be anticipated to see moderate gains through 2017 and beyond.
Lately, both the companies' share price has benefitted from the victory of Donald Trump as investors expect his plans of big spending in infrastructure would help boost revenues. Further, investors appreciate their determined efforts to cut costs that will lead to margin expansion as revenues improve under President Trump.
In Conclusion
With a favorable Zacks Rank and positive estimate revisions, the scale is tipped in Deere's favor. A cheaper valuation and higher long-term earnings growth expectation also make Deere a better bet.
Some Other Stocks
Apart from Deere, investors interested in the industrial products sector may also consider Altra Industrial Motion Corp. AIMC and Apogee Enterprises, Inc. APOG , both of which carry the same Zacks Rank as Deere.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 quarters ahead, governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will sustain growth for industrial machinery stocks. Results & Growth Prospects Caterpillar's financial performance was not worth writing home about in the first three quarters of 2016 as the mining and construction equipment behemoth continues to reel under lower end-user demand. This scenario can be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations and Brexit.
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Some Other Stocks Apart from Deere, investors interested in the industrial products sector may also consider Altra Industrial Motion Corp. AIMC and Apogee Enterprises, Inc. APOG , both of which carry the same Zacks Rank as Deere. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. This scenario can be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations and Brexit.
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Over the said timeframe, the Zacks Consensus Estimate for Deere has moved up 14% to $4.39 for fiscal 2017 and for fiscal 2018, the estimate has moved up 13% to $5.35. Some Other Stocks Apart from Deere, investors interested in the industrial products sector may also consider Altra Industrial Motion Corp. AIMC and Apogee Enterprises, Inc. APOG , both of which carry the same Zacks Rank as Deere. Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Caterpillar, Inc. (CAT): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Some Other Stocks Apart from Deere, investors interested in the industrial products sector may also consider Altra Industrial Motion Corp. AIMC and Apogee Enterprises, Inc. APOG , both of which carry the same Zacks Rank as Deere. This scenario can be attributed to weak commodity prices, reduced investment in the energy sector as an aftermath of lower oil prices , poor economic conditions in some developed and developing nations and Brexit. Following an unceremonious decline of 21.6% in the first quarter, it has somewhat recovered with a 1.2% dip in the second quarter and then went on to log a 13.7% growth in the third quarter.
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722515.0
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2017-01-12 00:00:00 UTC
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Notable Thursday Option Activity: MNK, CELG, DE
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DE
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https://www.nasdaq.com/articles/notable-thursday-option-activity-mnk-celg-de-2017-01-12
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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 Mallinckrodt plc (Symbol: MNK), where a total volume of 10,012 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.6% of MNK's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $50 strike put option expiring January 20, 2017 , with 5,017 contracts trading so far today, representing approximately 501,700 underlying shares of MNK. Below is a chart showing MNK's trailing twelve month trading history, with the $50 strike highlighted in orange:
Celgene Corp. (Symbol: CELG) options are showing a volume of 20,970 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 51.2% of CELG's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $122 strike call option expiring January 20, 2017 , with 3,446 contracts trading so far today, representing approximately 344,600 underlying shares of CELG. Below is a chart showing CELG's trailing twelve month trading history, with the $122 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 9,498 contracts, representing approximately 949,800 underlying shares or approximately 41% of DE's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $106 strike call option expiring January 20, 2017 , with 992 contracts trading so far today, representing approximately 99,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $106 strike highlighted in orange:
For the various different available expirations for MNK options , CELG 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.
The views and 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 put option expiring January 20, 2017 , with 5,017 contracts trading so far today, representing approximately 501,700 underlying shares of MNK. Particularly high volume was seen for the $122 strike call option expiring January 20, 2017 , with 3,446 contracts trading so far today, representing approximately 344,600 underlying shares of CELG. Especially high volume was seen for the $106 strike call option expiring January 20, 2017 , with 992 contracts trading so far today, representing approximately 99,200 underlying shares of DE.
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Particularly high volume was seen for the $50 strike put option expiring January 20, 2017 , with 5,017 contracts trading so far today, representing approximately 501,700 underlying shares of MNK. Below is a chart showing CELG's trailing twelve month trading history, with the $122 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 9,498 contracts, representing approximately 949,800 underlying shares or approximately 41% 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 S&P 500 index, there is noteworthy activity today in Mallinckrodt plc (Symbol: MNK), where a total volume of 10,012 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mallinckrodt plc (Symbol: MNK), where a total volume of 10,012 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Particularly high volume was seen for the $122 strike call option expiring January 20, 2017 , with 3,446 contracts trading so far today, representing approximately 344,600 underlying shares of CELG. Below is a chart showing CELG's trailing twelve month trading history, with the $122 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 9,498 contracts, representing approximately 949,800 underlying shares or approximately 41% of DE's average daily trading volume over the past month, of 2.3 million shares.
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Particularly high volume was seen for the $122 strike call option expiring January 20, 2017 , with 3,446 contracts trading so far today, representing approximately 344,600 underlying shares of CELG. Below is a chart showing CELG's trailing twelve month trading history, with the $122 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 9,498 contracts, representing approximately 949,800 underlying shares or approximately 41% 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 S&P 500 index, there is noteworthy activity today in Mallinckrodt plc (Symbol: MNK), where a total volume of 10,012 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares).
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b8b8159a-4a22-4eee-adef-bd986b6d6b6c
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722516.0
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2017-01-11 00:00:00 UTC
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Apogee (APOG) Declares 12% Dividend Hike for Shareholders
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DE
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https://www.nasdaq.com/articles/apogee-apog-declares-12-dividend-hike-for-shareholders-2017-01-11
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nan
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nan
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The leader in technologies for design and development of value-added glass products, Apogee Enterprises, Inc.APOG approved a 12% hike in its quarterly dividend. The company will now reward shareholders with a dividend of 14 cents per share as against the current 12.5 cents. This translates to a dividend of 56 cents per share on an annualized basis.
The raised dividend will be paid on Feb 15, 2017 to shareholders on record as of Jan 31. Based on the closing price of $54.47 as of Jan 10, the increased dividend translates to a yield of 1.03%. This current dividend yield is much higher than the industry yield of 0.44%.
Apogee possesses a strong cash balance that supports its effective capital deployment. The company remains focused on boosting shareholders' value through dividend hikes as well as share buybacks. The company increases its dividend payout each year. The last dividend hike was announced on Jan 1, 2016, when the company had raised the payout by 14% to 12.5 cents.
Apogee Enterprises, Inc. Price
Apogee Enterprises, Inc. Price | Apogee Enterprises, Inc. Quote
Investors should note that Apogee's shares have gained 18.3% in the last six months, significantly outpacing the 6.9% rise of the Zacks categorized Glass Products industry. Moreover, the company's earnings have surpassed the Zacks Consensus Estimate in three out of the past four quarters, resulting in an average positive surprise of 13.24%.
Meanwhile, Apogee raised its earnings per share outlook to $2.85-$2.95 for fiscal 2017. The upbeat guidance came on the back of solid execution of strategies to improve operational performance, productivity and project selection.
Zacks Rank & Stocks to Consider
Currently, Apogee flaunts a Zacks Rank #1 (Strong Buy).
Other similarly ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . You can see the complete list of today's Zacks #1 Rank stocks here .
Altra Industrial Motion has a positive average earnings surprise of 8.06% for the last four quarters. Actuant generated a positive average earnings surprise of 11.47% for the trailing four quarters. Deere delivered an average positive earnings surprise of 58.17% over the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Actuant Corporation (ATU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 leader in technologies for design and development of value-added glass products, Apogee Enterprises, Inc.APOG approved a 12% hike in its quarterly dividend. Other similarly ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . The company will now reward shareholders with a dividend of 14 cents per share as against the current 12.5 cents.
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Other similarly ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. The leader in technologies for design and development of value-added glass products, Apogee Enterprises, Inc.APOG approved a 12% hike in its quarterly dividend.
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Zacks Rank & Stocks to Consider Currently, Apogee flaunts a Zacks Rank #1 (Strong Buy). Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. The leader in technologies for design and development of value-added glass products, Apogee Enterprises, Inc.APOG approved a 12% hike in its quarterly dividend.
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Based on the closing price of $54.47 as of Jan 10, the increased dividend translates to a yield of 1.03%. The last dividend hike was announced on Jan 1, 2016, when the company had raised the payout by 14% to 12.5 cents. Zacks Rank & Stocks to Consider Currently, Apogee flaunts a Zacks Rank #1 (Strong Buy).
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d44cc892-a5f7-4ffa-a3d7-3ce91f786f25
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722517.0
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2017-01-11 00:00:00 UTC
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After a Terrific 2016, Titan Machinery Inc. Stock Looks Risky
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DE
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https://www.nasdaq.com/articles/after-terrific-2016-titan-machinery-inc-stock-looks-risky-2017-01-11
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nan
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nan
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TITN data by YCharts .
Titan ended 2016 on a solid note, even outperforming its primary supplier. But what's striking about that chart is the big drop in Titan's shares in the month of October, after which it dramatically reversed course. That compels investors to wonder whether Titan has any room to run higher in 2017 or whether the stock has gotten ahead of itself. Let's dig a little deeper.
Titan's losses are growing
2016 was a challenging year for agricultural companies as weak crop prices hit farm income and demand for equipment. As Titan struggled with high inventory and low sales, its revenue slipped10% to $0.9 billion for the nine months through Oct. 31, 2016. There was no surprise element there, as just weeks prior, CNH had reported 9% and 11% drops in its revenue from agricultural and construction equipment, respectively, for the nine months through September.
What the market didn't see coming, though, was the twofold jump in Titan's net losses to $6.3 million during the nine-month period. Part of it had to do with Titan's focus on selling used equipment, which carries lower margins than new equipment, in a bid to ease inventory.
Inventory reduction has a twofold advantage for Titan. First, it lowers the company's interest expenses on the floor-plan financing that it receives from CNH to facilitate equipment purchases. Titan's floor-plan interest came down to $10.8 million during the nine-month period from roughly $14 million in the year-ago period. Second, it boosts Titan's cash flows, as equipment sales indicate inflow of cash, which explains why Titan is free-cash-flow positive despite the losses. That said, the chart shows that Titan still has a lot of inventory to work through, and there's little to suggest improved demand in 2017.
The biggest challenge facing Titan in 2017
Deere foresees another challenging year ahead for agricultural companies, as it projects 2016 U.S. farm cash receipts to be substantially below last year's and expects the trend to continue into 2017. Accordingly, Deere expects industry sales for agricultural equipment in the U.S. and Canada to decline 5%-10% this year. Titan CEO David Meyer backed Deere's projections during the company's latest earnings call. Meanwhile, global construction markets aren't looking too hot, either.
That leaves Titan with only one option to save its margins this year: cost-cutting. However, the company cannot make any changes in its business structure via mergers, restructuring, or sale of assets without CNH's consent, as per the agreement between the two companies. No matter which way you look at it, this stipulation is a major hurdle to Titan's growth and also one of its key risk factors. Moreover, Titan could feel the pinch if persistent weakness in end markets compels CNH to restructure its operations. I believe this tight dependency on CNH is the biggest reason investors should be wary of investing in Titan.
Titan stock could give back its gains in coming months
The inherent risks in Titan's business model might explain why analysts expect its earnings to grow about 10% in the next five years versus 18%-20% growth in Deere's and CNH's earnings. Let me also warn you that Titan has a terrible history of missing Street earnings estimates.
Titan expects to report a 13%-18% decline in agriculture same-store sales for fiscal 2017 (the year ended Jan. 31, 2017) and equipment margins between 6.2% and 6.8%. That's a substantial downgrade from management's projection of 7.7% to 8.3% margins at the beginning of the fiscal year. Investors might want to take Titan's upcoming fiscal 2018 projections with a grain of salt -- and even pass up this loss-making, non-dividend-paying agricultural-equipment stock for better options.
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Neha Chamaria has no position in any 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Titan's losses are growing 2016 was a challenging year for agricultural companies as weak crop prices hit farm income and demand for equipment. Investors might want to take Titan's upcoming fiscal 2018 projections with a grain of salt -- and even pass up this loss-making, non-dividend-paying agricultural-equipment stock for better options. Titan ended 2016 on a solid note, even outperforming its primary supplier.
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The biggest challenge facing Titan in 2017 Deere foresees another challenging year ahead for agricultural companies, as it projects 2016 U.S. farm cash receipts to be substantially below last year's and expects the trend to continue into 2017. Titan stock could give back its gains in coming months The inherent risks in Titan's business model might explain why analysts expect its earnings to grow about 10% in the next five years versus 18%-20% growth in Deere's and CNH's earnings. Titan expects to report a 13%-18% decline in agriculture same-store sales for fiscal 2017 (the year ended Jan. 31, 2017) and equipment margins between 6.2% and 6.8%.
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Second, it boosts Titan's cash flows, as equipment sales indicate inflow of cash, which explains why Titan is free-cash-flow positive despite the losses. The biggest challenge facing Titan in 2017 Deere foresees another challenging year ahead for agricultural companies, as it projects 2016 U.S. farm cash receipts to be substantially below last year's and expects the trend to continue into 2017. Titan stock could give back its gains in coming months The inherent risks in Titan's business model might explain why analysts expect its earnings to grow about 10% in the next five years versus 18%-20% growth in Deere's and CNH's earnings.
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The biggest challenge facing Titan in 2017 Deere foresees another challenging year ahead for agricultural companies, as it projects 2016 U.S. farm cash receipts to be substantially below last year's and expects the trend to continue into 2017. Titan stock could give back its gains in coming months The inherent risks in Titan's business model might explain why analysts expect its earnings to grow about 10% in the next five years versus 18%-20% growth in Deere's and CNH's earnings. Titan expects to report a 13%-18% decline in agriculture same-store sales for fiscal 2017 (the year ended Jan. 31, 2017) and equipment margins between 6.2% and 6.8%.
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1bea5aab-5e14-48c7-bf6a-e7ebe2d245ba
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722518.0
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2017-01-11 00:00:00 UTC
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Should Deere (DE) Stock Be Part of Your Portfolio Now?
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DE
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https://www.nasdaq.com/articles/should-deere-de-stock-be-part-of-your-portfolio-now-2017-01-11
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nan
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nan
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After being the victim of negative trends in past few years, shares of Deere & CompanyDE have been performing well of late, gaining 35% in 2016. Deere, with a market capitalization of $33.24 billion is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as Deere looks promising and is poised to carry the momentum ahead.
Strong Fiscal 2016
Deere & Company's fourth-quarter fiscal 2016 (ended Oct 31, 2016) earnings declined 17% year over year to 90 cents per share. Nevertheless, Deere's net income of $1.5 billion in fiscal 2016 was highest in the last 10 years. Despite weak global agricultural and construction sectors, the company has benefited from adept execution of its operating plans and disciplined cost management as well as on the back of its broad product portfolio.
Positive Earnings Surprise History
The company has a positive record of earnings surprises in the past few quarters. Deere has delivered positive earnings surprises in all the last four quarters, the average being 58.17%.
Estimates moving up
The company's estimates for the fiscal 2017 and fiscal 2018, have moved north in the past 60 days, reflecting the positive outlook of analysts on the stock. For the current fiscal, there have been nine upward estimate revisions in the past 60 days with only one downward movement. For fiscal 2018, we have seen three estimates moving down in the past 60 days, compared with one downward revision.
This trend has caused the consensus estimate to trend higher, going up 14% to the current level of $4.39 per share for the fiscal 2017 over the past 60 days. For fiscal 2018, the Zacks Consensus Estimate has moved up 13% to $5.35 per share.
Growth Prospects
Deere remains committed to its target to reduce structural costs by $500 million by fiscal 2018. It will be driven by indirect and direct material cost reduction by leveraging supplier relationships, resourcing and product redesign. Further, reduced headcount, chiefly on the back of voluntary separation initiatives, changes to variable pay structure, lower R&D spending and decreased depreciation related to lower capital investment will lead to lower costs.
The construction industry has now entered a more mature phase of its expansion, and construction spending can be anticipated to see moderate gains through 2017 and beyond. Given that Deere is the second-largest seller of construction machinery in the U.S, and is a major supplier to the equipment rental industry, it stands to benefit from the U.S housing recovery.
In India, the economy is growing and the government continues to focus on driving growth in the agricultural sector and improving farm incomes. The value of agricultural production is expected to increase as a result of normal monsoon season after two years of below-average monsoons. These factors are expected to boost industry demand in India. In Asia, India is expected to be the main catalyst. Machinery demand is showing signs of recovery in Brazil, following a slowing macro and political uncertainty.
In the long term, the company stands to gain from favorable trends, supported by increasing population and rising living standards.
Deere carries a long-term earnings growth rate of 7.67%.
Ahead of the Industry
A look at the company's share price movement reveals an impressive one-year return of approximately 40.7%, better than the Zacks categorized Machinery-Farm industry's rise of 40.1% over the same time frame.
Zacks Rank & Stocks to Consider
Deere currently carries a Zacks Rank #1 (Strong Buy)
Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Apogee Enterprises, Inc. APOG . All three of these stocks sport a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Apogee has delivered an average positive earnings surprise of 13.24% in the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report
Actuant Corporation (ATU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as Deere looks promising and is poised to carry the momentum ahead. Despite weak global agricultural and construction sectors, the company has benefited from adept execution of its operating plans and disciplined cost management as well as on the back of its broad product portfolio. Given that Deere is the second-largest seller of construction machinery in the U.S, and is a major supplier to the equipment rental industry, it stands to benefit from the U.S housing recovery.
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Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #1 (Strong Buy) Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Apogee Enterprises, Inc. APOG . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. After being the victim of negative trends in past few years, shares of Deere & CompanyDE have been performing well of late, gaining 35% in 2016.
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Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #1 (Strong Buy) Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Apogee Enterprises, Inc. APOG . Click to get this free report Apogee Enterprises, Inc. (APOG): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. After being the victim of negative trends in past few years, shares of Deere & CompanyDE have been performing well of late, gaining 35% in 2016.
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If you haven't taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as Deere looks promising and is poised to carry the momentum ahead. Given that Deere is the second-largest seller of construction machinery in the U.S, and is a major supplier to the equipment rental industry, it stands to benefit from the U.S housing recovery. Zacks Rank & Stocks to Consider Deere currently carries a Zacks Rank #1 (Strong Buy) Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Apogee Enterprises, Inc. APOG .
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142b4b70-abc5-4091-aafa-8202c2b36f88
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722519.0
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2017-01-10 00:00:00 UTC
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Should You Dump Lindsay (LNN) Stock from Your Portfolio?
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DE
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https://www.nasdaq.com/articles/should-you-dump-lindsay-lnn-stock-from-your-portfolio-2017-01-10
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nan
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nan
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Lindsay CorporationLNN , the leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems has been disappointing investors of late. The company continues to grapple with lower irrigation demand due to lower commodity prices.
Disappointing Fiscal First Quarter
Lindsay reported first-quarter fiscal 2017 (ended Nov 30, 2016) adjusted earnings of 8 cents per share, plunging 87% from 62 cents per share in the prior-year quarter. First-quarter performance in the irrigation segment was negatively impacted by low volume and resulting cost deleverage in the company's operations.
Negative Earnings Surprise History
Lindsay's earnings in the last reported quarter fell short of the Zacks Consensus Estimate, a negative earnings surprise of 87%. The company has fallen short of the Zacks Consensus Estimate in three of the last four quarters, with an average negative earnings surprise of 14.05%.
Weak Guidance
Lindsay Corporation is not expecting any meaningful improvement in the overall irrigation market in fiscal 2017 as lower commodity prices and reduced farm income will affect farmer sentiment regarding capital goods purchases. Further, as individual states proceed to adopt the new testing standard for road safety products, Lindsay will incur increased costs and is likely to witness some near-term variability in the road safety product revenues.
Estimates Moving South
The company's estimates for the fiscal second-quarter 2017, fiscal 2017 and fiscal 2018, have moved south in the past 30 days, reflecting the negative outlook of analysts on the stock. For the current quarter, there have been four downward estimate revisions in the past 30 days with no upward movement. For fiscal 2017 we have seen five estimates moving down in the past 30 days, compared with no upward revisions. Similarly for fiscal 2018, four estimates have been revised downwards.
This trend has caused the consensus estimate to trend lower, going from 53 cents a share a month ago to its current level of 38 cents per share for the fiscal second-quarter 2017. For fiscal 2017, the Zacks Consensus Estimate has moved down 25% to $2.10 per share. For fiscal 2018, the estimate has gone down 6% to $3.06 per share.
Negative Growth Expectations
The Zacks Consensus Estimate for 2017 of $2.10 reflects a 20.30% year-over-year decline. The Zacks Consensus Estimate for second-quarter fiscal 2017 at 38 cents per share also exhibits a 10.71% year-over-year decline.
Irrigation Markets Will Remain Weak
A look at Lindsay' revenue and earnings performance in the past three years exhibit a clear downward trend. Estimated record production for both corn and soybeans from the fall harvest in the U.S. will continue to exert downward pressure on commodity prices. Lower commodity prices and reduced farm income continue to affect farmer sentiments regarding capital goods purchases. Thus there will be no meaningful improvement in the overall irrigation market in fiscal 2017.
As individual states proceed to adopt the new testing standard for road safety products, called MASH, the company will incur increased cost for product development and testing to in order to ensure that its products are in compliance with the new standards. Lindsay will have to reapply for state certification with MASH-compliant products. This reapplication process may cause some near-term variability in the road safety product revenues.
Lagging the Industry
The Lindsay stock has grossly underperformed the Zacks categorized Machinery-Farm industry in the past one year. The Lindsay stock has gained 12.9%, falling way behind the Zacks subindustry's increase of 42.3% over the said timeframe. In fact, the stock has dipped 2.2% since its fiscal first-quarter 2017 results in contrast to the 3.4% rise logged by the subindustry.
Expensive Valuation
Shares of this Zacks Rank #5 (Strong Sell) stock has an expensive valuation. In terms of forward P/E ratio, Lindsay trades at 35.5, a substantial premium to the industry average of 23.3.
Stocks to Consider
Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Deere has delivered an average positive earnings surprise of 58.17% in the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017? Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Actuant Corporation (ATU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Lindsay Corporation (LNN): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lindsay CorporationLNN , the leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems has been disappointing investors of late. The company continues to grapple with lower irrigation demand due to lower commodity prices. Disappointing Fiscal First Quarter Lindsay reported first-quarter fiscal 2017 (ended Nov 30, 2016) adjusted earnings of 8 cents per share, plunging 87% from 62 cents per share in the prior-year quarter.
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Click to get this free report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay CorporationLNN , the leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems has been disappointing investors of late. The company continues to grapple with lower irrigation demand due to lower commodity prices.
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Click to get this free report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Lindsay Corporation (LNN): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay CorporationLNN , the leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems has been disappointing investors of late. The company continues to grapple with lower irrigation demand due to lower commodity prices.
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Lindsay CorporationLNN , the leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems has been disappointing investors of late. The company continues to grapple with lower irrigation demand due to lower commodity prices. Disappointing Fiscal First Quarter Lindsay reported first-quarter fiscal 2017 (ended Nov 30, 2016) adjusted earnings of 8 cents per share, plunging 87% from 62 cents per share in the prior-year quarter.
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bf9968f5-1dfb-4878-a3ba-a9f07725694e
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722520.0
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2017-01-09 00:00:00 UTC
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Deere (DE) Hits 52-Week High: What's Driving the Stock?
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DE
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https://www.nasdaq.com/articles/deere-de-hits-52-week-high%3A-whats-driving-the-stock-2017-01-09
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nan
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nan
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Shares of Deere & CompanyDE touched a new 52-week high of $106.75 on Jan 6, eventually closing tad lower at $106.49. The company has a market cap of roughly $33.74 billion and average volume of shares traded in the last three months is around 3.16 million.
A glimpse at the company's share price movement reveals an impressive one-year return of approximately 43.6%, better than the S&P 500's 17.6% gain over the same time frame. Further, the stock has outpaced the Zacks categorized Machinery-Farm industry's rise of 42.3% over the past one year.
What's Driving Deere?
Deere & Co., is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. Despite weak global agricultural and construction sectors, Deere's net income of $1.5 billion in fiscal 2016 was the highest in the last 10 years. The company has benefited from adept execution of its operating plans and disciplined cost management as well as the impact of a broad product portfolio.
Deere has delivered positive earnings surprises in all the last four quarters, the average being 58.17%.
Deere & Company Price and Consensus
Deere & Company Price and Consensus | Deere & Company Quote
Management reiterated its commitment to reduce structural costs by $500 million by fiscal 2018. These cost reduction efforts that commenced in Mar 2016 and aided in achieving in excess of $90 million reduction in fiscal 2016. The 2017 forecast includes an additional about $190 million of structural cost reduction. Roughly one-third of the targeted $500 million is likely to be backed by indirect and direct material cost reduction by leveraging supplier relationships, resourcing and product redesign. Further, $100 million will stem from reduced headcount, mainly driven by voluntary separation initiatives. Other areas of improvement that have been identified are changes to variable pay structure (especially under trough conditions), lower R&D spending and decreased depreciation related to lower capital investment.
Deere projects a 1.9% increase in total construction investment in the U.S in 2017 and 2.6% increase in government spending. Housing starts are expected to be 1,197 million in 2017. The U.S GDP is estimated to rise 2.0%. The Architecture Billings Index, which is considered a leading indicator of U.S. non-residential construction, has remained above 50 in the recent months, signaling robust conditions ahead for the construction industry. As per Dodge Data & Analytics, total U.S. construction starts for 2017 will advance 5% to $713 billion, following gains of 11% in 2015 and an estimated 1% in 2016. The construction industry has now entered a more mature phase of its expansion and construction spending can be anticipated to see moderate gains through 2017 and beyond. Given that Deere is the second-largest seller of construction machinery in the U.S, and is a major supplier to the equipment rental industry, it stands to benefit from the U.S housing recovery.
In India, the economy is growing and the government continues to focus on driving growth in the agricultural sector and improving farm incomes. The value of agricultural production is expected to increase as a result of normal monsoon season after two years of below-average monsoons. These factors are expected to boost industry demand in India. In Asia, sales are anticipated to be flat to up slightly in fiscal 2017, with India being the main catalyst. Machinery demand is showing signs of recovery in Brazil, following a slowing macro and political uncertainty.
In the long term, the company stands to gain from favorable trends, supported by increasing population and rising living standards. Deere has a long-term estimated growth rate of 7.67%.
Deere currently sports a Zacks Rank #1 (Strong Buy).
Other Stocks that Warrant a Look
Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Codexis, Inc. CDXS . All three of these stocks sport a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Codexis has delivered an average positive earnings surprise of 83.33% in the last four quarters.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
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Actuant Corporation (ATU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
Codexis, Inc. (CDXS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Roughly one-third of the targeted $500 million is likely to be backed by indirect and direct material cost reduction by leveraging supplier relationships, resourcing and product redesign. Given that Deere is the second-largest seller of construction machinery in the U.S, and is a major supplier to the equipment rental industry, it stands to benefit from the U.S housing recovery. Shares of Deere & CompanyDE touched a new 52-week high of $106.75 on Jan 6, eventually closing tad lower at $106.49.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Management reiterated its commitment to reduce structural costs by $500 million by fiscal 2018. Other Stocks that Warrant a Look Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Codexis, Inc. CDXS . Click to get this free report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Codexis, Inc. (CDXS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Management reiterated its commitment to reduce structural costs by $500 million by fiscal 2018. Click to get this free report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report Codexis, Inc. (CDXS): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & CompanyDE touched a new 52-week high of $106.75 on Jan 6, eventually closing tad lower at $106.49.
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Deere & Company Price and Consensus Deere & Company Price and Consensus | Deere & Company Quote Management reiterated its commitment to reduce structural costs by $500 million by fiscal 2018. Other Stocks that Warrant a Look Some other favorable stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Codexis, Inc. CDXS . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy).
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722521.0
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2017-01-09 00:00:00 UTC
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Will Greif's (GEF) Strategic Plan Help Counter Headwinds?
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https://www.nasdaq.com/articles/will-greifs-gef-strategic-plan-help-counter-headwinds-2017-01-09
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nan
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On Jan 6, we issued an updated research report on leading global producer of industrial packaging products, Greif, Inc.GEF . The company will benefit from fundamental operational improvements, sale of non-core assets, consolidation of facilities, cost cuts but the sluggish global industrial economy may play spoilsport.
Greif's top-line and bottom-line both declined on a year-over-year basis in fiscal fourth-quarter 2016. While revenues beat the Zacks Consensus Estimate, earnings fell short. Greif projects fiscal 2017 EPS to range between $2.78 and $3.08. Compared with the adjusted EPS of $2.44 in fiscal 2016, the year-over-year guidance range depicts growth in the range of 14-26%. Further, the company initiated a free cash flow guidance of $180-$210 million. It also expects to gain from the ongoing benefits of its Transformation plan, contribution from the $40 per ton containerboard increase and lower interest expense owing to recent refinance efforts as well as a lower effective tax rate.
Greif's margins in the fourth quarter were driven by strong pricing, improved sourcing, and a more favorable product mix in the Rigid Industrial Packaging & Services business. This momentum will continue in the coming years and gross margin improvement will be above the company's target of 20%. This will be driven by ongoing sourcing and supply chain initiatives, improving plant operating efficiencies; and consolidating/divesting underperforming operations. Further, the recent price increase of $40/ton in kraft linerboard will help counter increased input costs.
The company is executing process improvements in all commercial sourcing supply chain and operations. Further, Greif continues to rationalize operations, accelerate headcount reductions, and slash entertainment and travel budget by increasing video conferencing usage and eliminating all non-sales related travel. These actions will be accretive to earnings.
Further, Greif has implemented a strategy to improve its business portfolio, address underperforming assets and generate additional cash. This strategy includes selling, general and administrative ("SG&A") reductions throughout the company and rationalization of manufacturing facilities. Greif has been successful in fixing under-performing businesses and divested non-core assets as well as closed facilities, which will drive long-term performance. During 2016, the company completed four divestitures. The divestitures were of non-strategic businesses, three in the Rigid Industrial Packaging & Services segment and one in the Flexible Products & Services segment.
Given these positives, Greif's share price performance has outperformed the Zacks categorized containers-metal glass industry in the past one year. The stock has grown 76.2%, way ahead of the industry's gain of 18.9% over the same time frame.
However, even though Greif will gain from its strategic transformation plans in the future, it has resulted in significant impairment and restructuring charges. During fiscal 2016, Greif recorded restructuring charges of $26.9 million, consisting of $16.7 million in employee separation costs and $10.2 million in other restructuring costs, primarily comprising of professional fees incurred for services specifically associated with employee separation and relocation.
Moreover, both steel and Old Corrugated Container (OCC) prices continue to rise through calendar fourth-quarter 2016, two months of which fall in Greif's fiscal first-quarter 2017. If the effect of price increase is not realized in the quarter, increased raw material costs will have a negative impact on margins. Further, results will be affected by sluggish global industrial economy, continued strength of the U.S. dollar, weaker containerboard prices and weaker-than-expected seasonal agricultural sales.
The Zacks Consensus Estimate for first-quarter fiscal 2017 is 50 cents, reflecting a 23.75% year-over-year growth. The estimate for fiscal 2017 is currently at $2.97, depicting a 21.89% year-over-year climb.
Grief currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Deere has delivered an average positive earnings surprise of 58.17% in the last four quarters.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Greif Bros. Corporation (GEF): Free Stock Analysis Report
Actuant Corporation (ATU): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Greif's top-line and bottom-line both declined on a year-over-year basis in fiscal fourth-quarter 2016. Compared with the adjusted EPS of $2.44 in fiscal 2016, the year-over-year guidance range depicts growth in the range of 14-26%. This will be driven by ongoing sourcing and supply chain initiatives, improving plant operating efficiencies; and consolidating/divesting underperforming operations.
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Stocks to Consider Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . Corporation (GEF): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Greif's top-line and bottom-line both declined on a year-over-year basis in fiscal fourth-quarter 2016.
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Stocks to Consider Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . Corporation (GEF): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. Greif's top-line and bottom-line both declined on a year-over-year basis in fiscal fourth-quarter 2016.
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Stocks to Consider Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corporation ATU and Deere & Company DE . Click here for Zacks' secret trades >> Want the latest recommendations from Zacks Investment Research? Greif's top-line and bottom-line both declined on a year-over-year basis in fiscal fourth-quarter 2016.
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2017-01-06 00:00:00 UTC
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Should You Dump Manitowoc (MTW) Stock from Your Portfolio?
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https://www.nasdaq.com/articles/should-you-dump-manitowoc-mtw-stock-from-your-portfolio-2017-01-06
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The Manitowoc Company, Inc.MTW has disappointed investors lately. The leading global manufacturer of cranes and lift solutions, continues to grapple with lower demand for its cranes due to the current world-wide economic environment. Shares of this Zacks Rank #5 (Strong Sell) stock tanked 61% in 2016.
Disappointing Third Quarter
Manitowoc's third-quarter 2016 adjusted loss per share was at 28 cents per share, wider than the year-ago quarter's loss of 26 cents. The company posted a negative earnings surprise of 7.69% in the last quarter. Revenues declined 20% to $350 million in the reported quarter as the mobile crane market continued its downward trend in the quarter. The weak global oil and gas market, along with lower used equipment prices had a negative effect on demand.
Weak Guidance
Manitowoc anticipates revenues to decline approximately 25-30% year over year in fourth-quarter 2016. Adjusted operating loss margin is expected to be between 4% and 6%. The fourth-quarter outlook reflects the impact from the weak mobile crane market and the negative impact on planned absorption from the reduced build schedules.
Estimates Moving South
The estimates for the company for the fourth quarter of 2016, fiscal 2016 and fiscal 2017, have moved south in the past 90 days, reflecting the negative outlook of analysts on the company. For the fourth quarter, the expected loss per share has gone down from one cent per share to 17 cents per share over the past 90 days.
For fiscal 2016, the loss per share has widened from the prior expectation of eight cents per share to 45 cents per share. For fiscal 2017, the estimate has gone down from a profit per share of eight cents per share to a loss of 14 cents per share.
Negative Growth Expectations
The Zacks Consensus Estimate for 2016 is at a loss of 45 cents per share, reflecting a 163.57% year-over-year decline. The Zacks Consensus Estimate for fiscal 2017 is pegged at a loss of 14 cents per share.
Crane Demand at Historic Low Levels
A look at Manitowoc's revenue and earnings performance over the past three years exhibits a clear downward trend. Overall crane business is likely to be very weak and low. Based on current activity levels, particularly in mobile cranes, the company is unlikely to recover in global demand for cranes in the near term.
Uncertainty among customers is mounting due to emerging market peers, apprehensions related to China's growth outlook, persistently depressed oil prices and sluggish domestic growth. The company is witnessing particularly soft demand for mobile cranes, primarily due to repressed market performance, especially in the U.S. and the Middle East from a weak oil and gas sector.
Further, with almost half of sales from international markets, the effect of a strong US dollar has hurt Manitowoc's earnings. This has also adversely impacted Manitowoc's competitive position against other international manufacturers.
Falling Behind the Industry
Manitowoc's stock has tanked 58.5% in the past one year, falling way behind the Zacks categorized Machinery-Construction/Mining subindustry, which witnessed a gain of 47.2% in the same time frame.
Stocks to Consider
Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE . All three of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Deere has delivered an average positive earnings surprise of 58.17% over the last four quarters.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Actuant Corporation (ATU): Free Stock Analysis Report
Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report
Deere & Company (DE): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Negative Growth Expectations The Zacks Consensus Estimate for 2016 is at a loss of 45 cents per share, reflecting a 163.57% year-over-year decline. Crane Demand at Historic Low Levels A look at Manitowoc's revenue and earnings performance over the past three years exhibits a clear downward trend. The company is witnessing particularly soft demand for mobile cranes, primarily due to repressed market performance, especially in the U.S. and the Middle East from a weak oil and gas sector.
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Stocks to Consider Some better-ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE . Click to get this free report Actuant Corporation (ATU): Free Stock Analysis Report Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. The leading global manufacturer of cranes and lift solutions, continues to grapple with lower demand for its cranes due to the current world-wide economic environment.
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Disappointing Third Quarter Manitowoc's third-quarter 2016 adjusted loss per share was at 28 cents per share, wider than the year-ago quarter's loss of 26 cents. Click to get this free report Actuant Corporation (ATU): Free Stock Analysis Report Manitowoc Company, Inc. (The) (MTW): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report To read this article on Zacks.com click here. The leading global manufacturer of cranes and lift solutions, continues to grapple with lower demand for its cranes due to the current world-wide economic environment.
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Disappointing Third Quarter Manitowoc's third-quarter 2016 adjusted loss per share was at 28 cents per share, wider than the year-ago quarter's loss of 26 cents. Revenues declined 20% to $350 million in the reported quarter as the mobile crane market continued its downward trend in the quarter. The leading global manufacturer of cranes and lift solutions, continues to grapple with lower demand for its cranes due to the current world-wide economic environment.
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adac6e8c-aac0-41cb-9c82-d27fd1b5513f
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2017-01-03 00:00:00 UTC
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Can Caterpillar (CAT) Lead the Dow Rally in 2017?
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https://www.nasdaq.com/articles/can-caterpillar-cat-lead-the-dow-rally-in-2017-2017-01-03
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After being the subject of negative trends in the past few years, Caterpillar, Inc.CAT emerged as the best performing component of the Dow Jones Industrial Average for 2016. The Caterpillar stock 's 36.46% gain through the year made it the clear winner, trumping gains of UnitedHealth Group Inc. UNH , Chevron Corp. CVX , The Goldman Sachs Group, Inc. GS and JPMorgan Chase & Co. JPM . They witnessed gains of 36.04%, 31%, 32.8% and 30.7%, respectively. The Dow rose 13.42% through the year to close at 19,762.6 on Dec 30, 2016, close to the 20,000 milestone.
Further, Caterpillar's share price has also outperformed the Zacks categorized Manufacturing-Construction and Mining subindustry, which has witnessed a gain of 36.2% in 2016.
Caterpillar's financial performance was not worth writing home about in 2016 as the mining and construction equipment behemoth continues to reel under lower end-user demand attributable to continued weak commodity prices globally and economic weakness in many developing countries.
Revenues for the nine months ended Sep 30, 2016, were $28.963 billion, a 20% plunge on a year-over-year basis, due to declines in Energy & Transportation, Construction Industries and Resource Industries. Earnings were at $2.58 per share for the period, a 43% drop from $4.54 in the prior-year comparable period.
Its evident that the price performance was not driven by Caterpillar's financial performance. So what led to the surge?
Trump & Thriftiness Led the Caterpillar Price Surge in 2016
Caterpillar's share price has benefitted from the victory of Donald Trump as investors expect his plans of big spending in infrastructure, and easing regulations for oil and coal exploration would aid boost the company's revenues. Further, investors appreciate Caterpillar's determined efforts to cut costs that will lead to margin expansion as revenues improve under President Trump.
Caterpillar's goal is to reduce costs such that the decline in operating profit is no more than 25-30% of the decline in sales and revenues. In Sep 2015, the company commenced significant restructuring initiative, with actions expected through 2018. Once fully implemented, it will lower its annual operating costs by about $1.5 billion.
So far, Caterpillar has surpassed its targets by announcing the closure, consolidation or contemplated closure of nearly 30 facilities globally and reduced the global workforce by about 14,000. In the past year, it has taken additional restructuring actions that include ending production of on highway vocational trucks and track drills. Additionally, the company recently announced its exit from the room and pillar business.
Will the Momentum Sustain in 2017?
Trump's pro-growth economic policies of increased government spending, reduced regulations, and increased tax cuts are likely to boost economic growth and create more jobs. Consequently, the companies are likely to have excess cash, fuelling earnings growth.
Further, the Dow is expected to continue its upward trajectory this year. Caterpillar will also follow suit given its focus on aggressive restructuring, focus on customers and on the future growth by continuing to invest in digital capabilities, connecting assets and job sites along with developing the next generation of more productive and efficient products.
The recent rebound in commodities instils confidence that healthier economic conditions across the globe could finally spur the long-awaited turnaround for the company. There exists key opportunities in the precious metals sector as miners resume projects that were placed in the back burner and expand current operations owing to the recent rally in metal prices.
Further, the Architecture Billings Index, which is considered a leading indicator of U.S. non-residential construction, has remained above 50 in the recent months, signalling robust conditions ahead for the construction industry. As per Dodge Data & Analytics, total U.S. construction starts for 2017 will advance 5% to $713 billion, following gains of 11% in 2015 and an estimated 1% in 2016. The construction industry has now entered a more mature phase of its expansion and construction spending can be anticipated to witness moderate gains through 2017 and beyond.
Zacks Rank & Key Picks
Caterpillar currently carries a Zacks Rank #3 (Hold). Some better ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE .
Altra Industrial Motion has a positive average earnings surprise of 8.06% in the last four quarters. It has witnessed a 1% increase in its earnings estimates in the past 30 days. It currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Actuant generated a positive average earnings surprise of 11.47% in the trailing four quarters. Its earnings estimates have gone up 8% in the last 30 days.
(Looking for the Best Stocks for 2017? Be among the first to see our Top Ten Stocks for 2017 portfolio here .)
Deere's estimates have also moved north 15% over the last 60 days. The company has delivered an average positive earnings surprise of 15% over the last 4 quarters. Both Actuant and Deere carry a Zacks Rank #1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
ACTUANT CORP (ATU): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
ALTRA INDUS MOT (AIMC): Free Stock Analysis Report
UNITEDHEALTH GP (UNH): Free Stock Analysis Report
CHEVRON CORP (CVX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the past year, it has taken additional restructuring actions that include ending production of on highway vocational trucks and track drills. The recent rebound in commodities instils confidence that healthier economic conditions across the globe could finally spur the long-awaited turnaround for the company. The Caterpillar stock 's 36.46% gain through the year made it the clear winner, trumping gains of UnitedHealth Group Inc. UNH , Chevron Corp. CVX , The Goldman Sachs Group, Inc. GS and JPMorgan Chase & Co. JPM .
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The Caterpillar stock 's 36.46% gain through the year made it the clear winner, trumping gains of UnitedHealth Group Inc. UNH , Chevron Corp. CVX , The Goldman Sachs Group, Inc. GS and JPMorgan Chase & Co. JPM . Some better ranked stocks in the same space include Altra Industrial Motion Corp. AIMC , Actuant Corp. ATU and Deere & Company DE . Click to get this free report JPMORGAN CHASE (JPM): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ACTUANT CORP (ATU): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ALTRA INDUS MOT (AIMC): Free Stock Analysis Report UNITEDHEALTH GP (UNH): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar's financial performance was not worth writing home about in 2016 as the mining and construction equipment behemoth continues to reel under lower end-user demand attributable to continued weak commodity prices globally and economic weakness in many developing countries. Click to get this free report JPMORGAN CHASE (JPM): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ACTUANT CORP (ATU): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ALTRA INDUS MOT (AIMC): Free Stock Analysis Report UNITEDHEALTH GP (UNH): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report To read this article on Zacks.com click here. The Caterpillar stock 's 36.46% gain through the year made it the clear winner, trumping gains of UnitedHealth Group Inc. UNH , Chevron Corp. CVX , The Goldman Sachs Group, Inc. GS and JPMorgan Chase & Co. JPM .
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The Caterpillar stock 's 36.46% gain through the year made it the clear winner, trumping gains of UnitedHealth Group Inc. UNH , Chevron Corp. CVX , The Goldman Sachs Group, Inc. GS and JPMorgan Chase & Co. JPM . The Dow rose 13.42% through the year to close at 19,762.6 on Dec 30, 2016, close to the 20,000 milestone. Caterpillar's financial performance was not worth writing home about in 2016 as the mining and construction equipment behemoth continues to reel under lower end-user demand attributable to continued weak commodity prices globally and economic weakness in many developing countries.
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2017-01-03 00:00:00 UTC
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Noteworthy Tuesday Option Activity: PENN, CMG, DE
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-penn-cmg-de-2017-01-03
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming, Inc. (Symbol: PENN), where a total volume of 20,315 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 212.3% of PENN's average daily trading volume over the past month, of 957,095 shares. Especially high volume was seen for the $15 strike call option expiring July 21, 2017 , with 10,170 contracts trading so far today, representing approximately 1.0 million underlying shares of PENN. Below is a chart showing PENN's trailing twelve month trading history, with the $15 strike highlighted in orange:
Chipotle Mexican Grill Inc (Symbol: CMG) options are showing a volume of 12,057 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 99.1% of CMG's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $400 strike call option expiring January 20, 2017 , with 703 contracts trading so far today, representing approximately 70,300 underlying shares of CMG. Below is a chart showing CMG's trailing twelve month trading history, with the $400 strike highlighted in orange:
And Deere & Co. (Symbol: DE) saw options trading volume of 22,796 contracts, representing approximately 2.3 million underlying shares or approximately 87.4% of DE's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $110 strike call option expiring February 17, 2017 , with 6,422 contracts trading so far today, representing approximately 642,200 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for PENN options , CMG 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.
The views and 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 $15 strike call option expiring July 21, 2017 , with 10,170 contracts trading so far today, representing approximately 1.0 million underlying shares of PENN. Especially high volume was seen for the $400 strike call option expiring January 20, 2017 , with 703 contracts trading so far today, representing approximately 70,300 underlying shares of CMG. Particularly high volume was seen for the $110 strike call option expiring February 17, 2017 , with 6,422 contracts trading so far today, representing approximately 642,200 underlying shares of DE.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming, Inc. (Symbol: PENN), where a total volume of 20,315 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $15 strike call option expiring July 21, 2017 , with 10,170 contracts trading so far today, representing approximately 1.0 million underlying shares of PENN. Below is a chart showing CMG's trailing twelve month trading history, with the $400 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 22,796 contracts, representing approximately 2.3 million underlying shares or approximately 87.4% of DE's average daily trading volume over the past month, of 2.6 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming, Inc. (Symbol: PENN), where a total volume of 20,315 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $15 strike call option expiring July 21, 2017 , with 10,170 contracts trading so far today, representing approximately 1.0 million underlying shares of PENN. Below is a chart showing CMG's trailing twelve month trading history, with the $400 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 22,796 contracts, representing approximately 2.3 million underlying shares or approximately 87.4% of DE's average daily trading volume over the past month, of 2.6 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Penn National Gaming, Inc. (Symbol: PENN), where a total volume of 20,315 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing CMG's trailing twelve month trading history, with the $400 strike highlighted in orange: And Deere & Co. (Symbol: DE) saw options trading volume of 22,796 contracts, representing approximately 2.3 million underlying shares or approximately 87.4% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $110 strike highlighted in orange: For the various different available expirations for PENN options , CMG options , or DE options , visit StockOptionsChannel.com.
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7e617732-0711-45e1-a37b-8fa47d30701b
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722525.0
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2016-12-29 00:00:00 UTC
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FVD, WGL, T, DE: Large Inflows Detected at ETF
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DE
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https://www.nasdaq.com/articles/fvd-wgl-t-de-large-inflows-detected-etf-2016-12-29
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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 First Trust Value Line Dividend Index Fund (Symbol: FVD) where we have detected an approximate $204.4 million dollar inflow -- that's a 7.1% increase week over week in outstanding units (from 102,337,986 to 109,637,986). Among the largest underlying components of FVD, in trading today WGL Holdings Inc (Symbol: WGL) is up about 0.2%, AT&T Inc (Symbol: T) is up about 0.2%, and Deere & Co. (Symbol: DE) is up by about 0.2%. For a complete list of holdings, visit the FVD Holdings page » The chart below shows the one year price performance of FVD, versus its 200 day moving average:
Looking at the chart above, FVD's low point in its 52 week range is $21.89 per share, with $28.56 as the 52 week high point - that compares with a last trade of $28.11. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the First Trust Value Line Dividend Index Fund (Symbol: FVD) where we have detected an approximate $204.4 million dollar inflow -- that's a 7.1% increase week over week in outstanding units (from 102,337,986 to 109,637,986). 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 FVD, in trading today WGL Holdings Inc (Symbol: WGL) is up about 0.2%, AT&T Inc (Symbol: T) is up about 0.2%, and Deere & Co. (Symbol: DE) is up by about 0.2%. For a complete list of holdings, visit the FVD Holdings page » The chart below shows the one year price performance of FVD, versus its 200 day moving average: Looking at the chart above, FVD's low point in its 52 week range is $21.89 per share, with $28.56 as the 52 week high point - that compares with a last trade of $28.11. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the First Trust Value Line Dividend Index Fund (Symbol: FVD) where we have detected an approximate $204.4 million dollar inflow -- that's a 7.1% increase week over week in outstanding units (from 102,337,986 to 109,637,986).
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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 First Trust Value Line Dividend Index Fund (Symbol: FVD) where we have detected an approximate $204.4 million dollar inflow -- that's a 7.1% increase week over week in outstanding units (from 102,337,986 to 109,637,986). For a complete list of holdings, visit the FVD Holdings page » The chart below shows the one year price performance of FVD, versus its 200 day moving average: Looking at the chart above, FVD's low point in its 52 week range is $21.89 per share, with $28.56 as the 52 week high point - that compares with a last trade of $28.11. 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 First Trust Value Line Dividend Index Fund (Symbol: FVD) where we have detected an approximate $204.4 million dollar inflow -- that's a 7.1% increase week over week in outstanding units (from 102,337,986 to 109,637,986). For a complete list of holdings, visit the FVD Holdings page » The chart below shows the one year price performance of FVD, versus its 200 day moving average: Looking at the chart above, FVD's low point in its 52 week range is $21.89 per share, with $28.56 as the 52 week high point - that compares with a last trade of $28.11. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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1d76a685-6b7c-4eec-8869-0a901d04e742
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722526.0
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2016-12-29 00:00:00 UTC
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Zacks Industry Outlook Highlights: Deere, Actuant, John Bean Technologies and EnerSys
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DE
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights%3A-deere-actuant-john-bean-technologies-and-enersys-2016
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nan
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For Immediate Release
Chicago, IL - December 29, 2016 - Today, Zacks Equity Research discusses the Industry: Machinery, including Deere & Company (NYSE: DE - Free Report ), Actuant Corporation (NYSE: ATU - Free Report ), John Bean Technologies Corporation (NYSE: JBT - Free Report ) and EnerSys (NYSE: ENS - Free Report ).
Industry: Machinery
Link: https://www.zacks.com/commentary/99422/industrial-machinery-stock-outlook---dec-2016jan-2017
At the start of 2016, weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K's decision to exit the European Union, and unfavorable foreign currency movements restricted growth momentum of the major and developing economies worldwide. In the U.S., Industrial Machinery was one of the most adversely impacted industries from the uncertainties in the global arena.
The industry remained under pressure in the first quarter of 2016, but sentiment steadily improved thereafter. Optimism about the industry's outlook in the period after the November 8 th election has notably improved expectations about the industry.
Industrial Machinery-Nation-Wise Description
One of the leading economic indicators for the industrial stocks is industrial production, which measures the level of output of manufacturing, mining and utilities sectors in a country. A brief discussion on the machinery industry in different nations is given below.
The United States: The country's industrial production in the third quarter of 2016 increased 1.8% year over year, while dropping to a growth of just 0.1% in October. In November, industrial production fell 0.4% due to decline in utilities and manufacturing output, offset by gain in mining activities. In addition, unfavorable foreign currency movements and economic uncertainties worldwide led to weak export demand for the U.S.-manufactured machinery.
According to the U.S. Census Bureau, export demands for U.S. machinery declined 6.3% year over year in the January-October period. A 13.3% decline was recorded in shipments of farm machinery, while construction and mining machinery saw 25.9% and 44.6% fall, respectively. The exception was a 0.4% increase in shipments of industrial machinery. New machinery orders were down 5.7%, while order backlog decreased 6.5%.
However, the job market showed slight improvement in the month of November, as the unemployment rate declined 30 basis points (bps) to 4.6%. Jobs addition in the month amounted to 178,000, while average job addition in the past three months was 176,000.
Citing a strengthening labor market and slightly improving economic activities, the Federal Reserve recently raised interest rates. More expensive funds for capital investments might shrink business for industrial products makers. Also, the industrial companies have to watch out for the President-elect Donald Trump's adverse view on business outsourcing.
Per its Oct 2016 report, the International Monetary Fund (IMF) has reduced its growth projections for the U.S. economy by 60 bps to 1.6% for 2016 and by 0.3% to 2.2% for 2017.
Japan: According to the report from Japan's Cabinet Office, core machinery orders increased nearly 7.3% in the third quarter as against a fall of 9.2% in the previous quarter. In Oct 2016, the country's core machinery order increased 4.1% from the previous month. The core machinery order is regarded as an indicator of capital spending by companies in the next six to nine months.
Orders from manufacturing clients grew 4.5%, while the same from the government clients increased 11%. The agency predicts core machinery orders to fall 5.9% in the fourth quarter, while total machinery order is expected to decline 1.3%.
The country's economy is struggling with internal issues including low investment levels, unfavorable exchange rates, aging population and a huge public debt. Also, the consumption level has failed to revive to a satisfactory standard since it suffered from a 3% rise in national sales tax in Apr 2015.
In addition, the country is facing adversities of weak economic conditions externally. However, efforts to improve wages and hence, demand as well as to increase investments domestically and fight deflation might work in the country's favor in the quarters ahead.
The IMF increased its growth projection for the country by 20 bps to 0.5% for 2016 and by 50 bps to 0.6% for 2017.
China: In the third quarter, China's GDP grew 1.8% sequentially, same as the previous quarter, while on a year-over-year basis the same advanced 6.7%. Though the country is still struggling with capital outflows and forex issues, a slight improvement in infrastructure investment, retail sales and higher oil prices have worked in its favor.
In November, the country's industrial production increased 6.2% year over year, slightly above 6.1% in October. The increase was driven by an improvement in manufacturing and utilities sectors, offset by weakness in the mining sector. In November, the country's exports inched up 0.1% year over year, while imports increased 6.7%.
For 2016, the Chinese government anticipates economy to grow within 6.5−7% range. The IMF projects the Chinese economy to grow 6.6% in 2016 and 6.2% in 2017.
India: The country's industrial production in Oct 2016 decreased 1.9% year over year, lower than growth of 0.7% registered in the previous month.
In the third quarter, the country's economy expanded to 7.3% versus 7.1% in the previous quarter. Expectations of a strong demand, improved policies and better monsoon conditions are factors that will influence the country's growth, going forward. The government is making concerted efforts to turn the country into a prime manufacturing hub for all nations across the world. Apart from boosting the foreign capital inflow in the country, these strategies will improve the domestic job market as well as demand for industrial products.
According to the IMF, the country is projected to grow 7.6% in both 2016 and 2017, reflecting a 20 bps increase over the previous forecasts.
Brazil: In 2016, the country suffered from adverse impacts of low private investments, inadequate infrastructure and political uncertainties. In the third quarter, the country's unemployment rate was 11.8%, above 11.3% in the previous quarter. In October, the rate remained unchanged. Also available data reveals that the country's industrial production fell 7.3% year over year in October, while declined roughly 7.7% since the beginning of 2016.
The IMF expects the country's output to decline by 3.3% in 2016, but improve to 0.5% in 2017. The recovery is dependent on foreign direct investments and expansion of industries like tourism, steel and electricity.
Eurozone: Industrial production in the Eurozone declined 0.1% in October from the prior month, while inched up 60 bps year over year. The unemployment rate was 9.8% in October, compared with 9.9% in the previous month.
The IMF predicts output growth in Eurozone to be 1.7% in 2016 and 1.5% in 2017, up 10 bps over the previous forecasts.
Zacks Industry Rank
According to the Zacks Industry classification, Machinery is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. The Zacks sectors comprise 265 industries that are ranked on the basis of the earnings outlook of constituent companies in each industry. To learn more visit: About Zacks Industry Rank .
As a rule, top 50% industries of all Zacks industries outperform the bottom half by a wide margin. Going by this rule, industries with Zacks Industry Rank of 132 and lower would fall in the top half, while those with Zacks Industry Rank of 133 and higher would be in the bottom half.
The machinery industry is sub-divided into nine industries at the expanded level: machine tools and related products, construction and mining, electrical utilities, electrical, farm, general industries, material handling, print trading and thermal processing.
Earnings Trend of the Sector
As of Dec 6, all the industrial products stocks (accounting for 2% of the S&P 500 index's total market capitalization) in the S&P 500 Group reported results for the Jul-Sep 2016 quarter, recording growth of 13.7% in earnings while a 0.9% decline in revenues. In Oct-Dec 2016 quarter, earnings and revenues of industrial products stocks are predicted to fall 1.2% and 5.5%, respectively.
Moreover, results of all S&P 500 companies released til Dec 6 showed 3.5% growth in earnings and 1.9% rise in revenues. In the October-December quarter, earnings for the S&P 500 companies are projected to grow 3.2% and revenues to rise by 4.0%.
Conclusion
The IMF anticipates the world economy to grow by 3.1% in 2016, including 1.6% growth for advanced economies and 4.2% growth for emerging nations. With the ebbing impacts of headwinds, the world economy is projected to grow 3.4% in 2017, including 1.8% growth for advanced nations and 4.6% improvement for emerging countries.
In the quarters ahead, we believe that governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will support growth for industrial machinery stocks. Until such improvements materialize, stocks with high investment rankings might interest investors seeking exposure in the machinery industry.
In the S&P 500 group, machinery company Deere & Company (NYSE: DE - Free Report ), with a market capitalization of $32.4 billion, currently sports a Zacks Rank #1 (Strong Buy). The company's long-term growth prospects seem bright on the back of increasing population, rising living standards, investments in new products and expansion in unexplored geographies. In the next 3−5 years we anticipate earnings to grow 7.67%. Year to date, the stock has outperformed the Zacks categorized Machinery industry as well as the S&P 500 market.
Among the non-S&P 500 billion-dollar stocks in the machinery industry, Actuant Corporation (NYSE: ATU - Free Report ) sports a Zacks Rank #1 (Strong Buy) and offers 12% earnings growth potential over the next five years while John Bean Technologies Corporation (NYSE: JBT - Free Report ) , with Zacks Rank #1, is expected to post earnings growth of 15%. Another company, EnerSys (NYSE: ENS - Free Report ) , with a Zacks Rank #1, is anticipated to have earnings growth of 13% over the next five years.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
ACTUANT CORP (ATU): Free Stock Analysis Report
JOHN BEAN TECH (JBT): Free Stock Analysis Report
ENERSYS INC (ENS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 country's economy is struggling with internal issues including low investment levels, unfavorable exchange rates, aging population and a huge public debt. In the quarters ahead, we believe that governmental policies encouraging better trade relations, increase in infrastructural investments, job creation and high consumer-end demand will support growth for industrial machinery stocks. For Immediate Release Chicago, IL - December 29, 2016 - Today, Zacks Equity Research discusses the Industry: Machinery, including Deere & Company (NYSE: DE - Free Report ), Actuant Corporation (NYSE: ATU - Free Report ), John Bean Technologies Corporation (NYSE: JBT - Free Report ) and EnerSys (NYSE: ENS - Free Report ).
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For Immediate Release Chicago, IL - December 29, 2016 - Today, Zacks Equity Research discusses the Industry: Machinery, including Deere & Company (NYSE: DE - Free Report ), Actuant Corporation (NYSE: ATU - Free Report ), John Bean Technologies Corporation (NYSE: JBT - Free Report ) and EnerSys (NYSE: ENS - Free Report ). Click to get this free report DEERE & CO (DE): Free Stock Analysis Report ACTUANT CORP (ATU): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. Industry: Machinery Link: https://www.zacks.com/commentary/99422/industrial-machinery-stock-outlook---dec-2016jan-2017 At the start of 2016, weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K's decision to exit the European Union, and unfavorable foreign currency movements restricted growth momentum of the major and developing economies worldwide.
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For Immediate Release Chicago, IL - December 29, 2016 - Today, Zacks Equity Research discusses the Industry: Machinery, including Deere & Company (NYSE: DE - Free Report ), Actuant Corporation (NYSE: ATU - Free Report ), John Bean Technologies Corporation (NYSE: JBT - Free Report ) and EnerSys (NYSE: ENS - Free Report ). Zacks Industry Rank According to the Zacks Industry classification, Machinery is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. Industry: Machinery Link: https://www.zacks.com/commentary/99422/industrial-machinery-stock-outlook---dec-2016jan-2017 At the start of 2016, weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K's decision to exit the European Union, and unfavorable foreign currency movements restricted growth momentum of the major and developing economies worldwide.
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Zacks Industry Rank According to the Zacks Industry classification, Machinery is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. For Immediate Release Chicago, IL - December 29, 2016 - Today, Zacks Equity Research discusses the Industry: Machinery, including Deere & Company (NYSE: DE - Free Report ), Actuant Corporation (NYSE: ATU - Free Report ), John Bean Technologies Corporation (NYSE: JBT - Free Report ) and EnerSys (NYSE: ENS - Free Report ). Industry: Machinery Link: https://www.zacks.com/commentary/99422/industrial-machinery-stock-outlook---dec-2016jan-2017 At the start of 2016, weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K's decision to exit the European Union, and unfavorable foreign currency movements restricted growth momentum of the major and developing economies worldwide.
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722527.0
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2016-12-28 00:00:00 UTC
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Why Deere & Company (DE) Could Beat Earnings Estimates Again
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DE
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https://www.nasdaq.com/articles/why-deere-company-de-could-beat-earnings-estimates-again-2016-12-28
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nan
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nan
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, DE has beaten estimates by at least 60% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, DE expected to post earnings of 95 cents per share, while it actually produced earnings of $1.55 per share, a beat of 63.2%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 36 cents per share, when it actually produced earnings of 90 cents per share instead, representing a significant positive surprise.
DEERE & CO Price and EPS Surprise
DEERE & CO Price and EPS Surprise | DEERE & CO Quote
Thanks in part to this history, recent estimates have been moving higher for Deere & Company. In fact, the Earnings ESP for DE is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for DE as the firm currently has a Zacks Earnings ESP of 6.12%, so another beat could be around the corner.
This is particularly true when you consider that DE has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DE could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment industry, which could be a great candidate for another beat. In fact, in these reports, DE has beaten estimates by at least 60% in both cases, suggesting it has a nice short-term history of crushing expectations. In fact, the Earnings ESP for DE is positive, which is a great sign of a coming beat.
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DEERE & CO Price and EPS Surprise DEERE & CO Price and EPS Surprise | DEERE & CO Quote Thanks in part to this history, recent estimates have been moving higher for Deere & Company. When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DE could see another beat at its next report, especially if recent trends are any guide. Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment industry, which could be a great candidate for another beat.
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Earnings in Focus Two quarters ago, DE expected to post earnings of 95 cents per share, while it actually produced earnings of $1.55 per share, a beat of 63.2%. When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that DE could see another beat at its next report, especially if recent trends are any guide. Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment industry, which could be a great candidate for another beat.
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In fact, the Earnings ESP for DE is positive, which is a great sign of a coming beat. Consider Deere & CompanyDE , a firm in the Manufacturing - Farm Equipment industry, which could be a great candidate for another beat. In fact, in these reports, DE has beaten estimates by at least 60% in both cases, suggesting it has a nice short-term history of crushing expectations.
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722528.0
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2016-12-28 00:00:00 UTC
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Why Deere & Company (DE) Stock Might be a Great Pick
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DE
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https://www.nasdaq.com/articles/why-deere-company-de-stock-might-be-a-great-pick-2016-12-28
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nan
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nan
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One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is because this security in the Manufacturing - Farm Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing - Farm Equipment space as it currently has a Zacks Industry Rank of 67 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Deere & Company is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
DEERE & CO Price and Consensus
DEERE & CO Price and Consensus | DEERE & CO Quote
In fact, over the past month, while current quarter estimates have remained constant, current year estimates have risen from $4.21 per share to $4.42 per share. This has helped DE to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.You can see the complete list of today's Zacks #1 Rank stocks here .
So, if you are looking for a decent pick in a strong industry, consider Deere & Company. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . Meanwhile, Deere & Company is actually looking pretty good on its own too.
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One stock that might be an intriguing choice for investors right now is Deere & CompanyDE . This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. Meanwhile, Deere & Company is actually looking pretty good on its own too.
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DEERE & CO Price and Consensus DEERE & CO Price and Consensus | DEERE & CO Quote In fact, over the past month, while current quarter estimates have remained constant, current year estimates have risen from $4.21 per share to $4.42 per share. This has helped DE to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.You can see the complete list of today's Zacks #1 Rank stocks here . One stock that might be an intriguing choice for investors right now is Deere & CompanyDE .
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This has helped DE to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position.You can see the complete list of today's Zacks #1 Rank stocks here . So, if you are looking for a decent pick in a strong industry, consider Deere & Company. One stock that might be an intriguing choice for investors right now is Deere & CompanyDE .
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ec88c7fa-5092-42c6-9c47-86d34836038b
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722529.0
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2016-12-28 00:00:00 UTC
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Kennametal's (KMT) Growth Potential Solid: Time to Buy?
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DE
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https://www.nasdaq.com/articles/kennametals-kmt-growth-potential-solid%3A-time-to-buy-2016-12-28
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nan
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nan
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We have issued an updated research report on Kennametal Inc.KMT on Dec 28, 2016. The company manufactures and distributes high-speed metal cutting tools, tooling systems, wear-resistant parts, cemented tungsten carbides, super alloys, among others. It currently has a market capitalization of approximately $2.6 billion.
After the release of first-quarter fiscal 2017 results on Oct 26, Kennametal's shares yielded a 12.5% return, outperforming the return of 5.6% generated by the Zacks categorized Machine Tools & Related Products industry.
Over the long run, Kennametal seems well positioned to benefit from a well diversified product portfolio as well as a vast customer base in the industrial and infrastructure end markets. Key markets served include aerospace, automotive, machine tool and farm machinery industries, highway construction, coal mining, quarrying, and oil and gas exploration industries.
Kennametal is keen on making meaningful acquisitions and disposing non-core assets to align its business portfolio with current market demands and also improve profitability. In fiscal 2016, the company divested certain non-core assets, comprising 18 facilities including 11 manufacturing and seven small facilities from castings, steel-plate fabrication and deburring operations.
Moreover, Kennametal is keen on developing a sound cost structure by rationalization of certain manufacturing facilities and lowering of costs through employee and cost-reduction programs. By Dec 2018, the company anticipates its restructuring programs, including headcount reductions initiatives and others, to yield pre-tax savings of approximately $140−$155 million, while charges related to these initiatives will likely be $155−$175 million.
Based on the above-mentioned tailwinds, Kennametal has set for itself some long-term targets (2017−2019), including total revenue growth within 2−3% (Compound Annual Growth Rate - CAGR), earnings before interest and tax margin improvement of 400−500 basis points (bps), earnings per share growth of above 20% (CAGR), free cash flow greater than 10% of sales and improvement of 400−500 bps in return on invested capital.
For fiscal 2017, Kennametal anticipates adjusted earnings to be within $1.20−$1.50 per share, up from the previous projection of $1.10−$1.40.
Kennametal Inc. currently has a $2.6 billion market capitalization and carries a Zacks Rank #2 (Buy). The earnings estimates for the stock is pegged at $1.30 per share for fiscal 2017 and $1.63 per share for fiscal 2018, representing year-over-year growth of 17.34% and 25.24%, respectively.
Other stocks worth considering in the machinery industry include Enersys Inc. ENS , Deere & Company DE and Titan International, Inc. TWI . While both Enersys Inc. and Deere & Company sport a Zacks Rank #1 (Strong Buy), Titan International carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Enersys Inc's earnings estimates for fiscal 2017 improved over the last 60 days. It has an average positive earnings surprise of 3.01% for the trailing four quarters.
Deere & Company reported better-than-expected results in the last four quarters, with a positive average earnings surprise of 58.17%. Also, bottom-line expectations for fiscal 2017 and fiscal 2018 improved over the past 60 days.
Titan International's bottom line expectations for 2017 have been revised upward, over the last 60 days.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
KENNAMETAL INC (KMT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TITAN INTL INC (TWI): Free Stock Analysis Report
ENERSYS INC (ENS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Kennametal is keen on making meaningful acquisitions and disposing non-core assets to align its business portfolio with current market demands and also improve profitability. Other stocks worth considering in the machinery industry include Enersys Inc. ENS , Deere & Company DE and Titan International, Inc. TWI . We have issued an updated research report on Kennametal Inc.KMT on Dec 28, 2016.
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Other stocks worth considering in the machinery industry include Enersys Inc. ENS , Deere & Company DE and Titan International, Inc. TWI . While both Enersys Inc. and Deere & Company sport a Zacks Rank #1 (Strong Buy), Titan International carries a Zacks Rank #2. Click to get this free report KENNAMETAL INC (KMT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report To read this article on Zacks.com click here.
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While both Enersys Inc. and Deere & Company sport a Zacks Rank #1 (Strong Buy), Titan International carries a Zacks Rank #2. Click to get this free report KENNAMETAL INC (KMT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report To read this article on Zacks.com click here. We have issued an updated research report on Kennametal Inc.KMT on Dec 28, 2016.
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Other stocks worth considering in the machinery industry include Enersys Inc. ENS , Deere & Company DE and Titan International, Inc. TWI . Deere & Company reported better-than-expected results in the last four quarters, with a positive average earnings surprise of 58.17%. We have issued an updated research report on Kennametal Inc.KMT on Dec 28, 2016.
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be581ce3-ede9-4557-8b11-b1a5dee3ba32
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722530.0
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2016-12-27 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for December 28, 2016
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-december-28-2016-2016-12-27
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on December 28, 2016. A cash dividend payment of $0.6 per share is scheduled to be paid on February 01, 2017. Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 11th quarter that DE has paid the same dividend. At the current stock price of $103.09, the dividend yield is 2.33%.
The previous trading day's last sale of DE was $103.09, representing a -1.66% decrease from the 52 week high of $104.83 and a 46.94% increase over the 52 week low of $70.16.
DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). DE's current earnings per share, an indicator of a company's profitability, is $4.81. Zacks Investment Research reports DE's forecasted earnings growth in 2017 as -8.16%, compared to an industry average of -9.7%.
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:
iShares MSCI Agriculture Producers Fund ( VEGI )
VanEck Vectors Natural Resources ETF ( HAP )
iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE )
VanEck Vectors Morningstar Wide Moat ETF ( MOAT )
PowerShares Dynamic LargeCap Value ( PWV ).
The top-performing ETF of this group is PWV with an increase of 8.41% over the last 100 days. VEGI has the highest percent weighting of DE at 7.72%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). Zacks Investment Research reports DE's forecasted earnings growth in 2017 as -8.16%, compared to an industry average of -9.7%. For more information on the declaration, record and payment dates, visit the DE Dividend History page.
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The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Natural Resources ETF ( HAP ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ) VanEck Vectors Morningstar Wide Moat ETF ( MOAT ) PowerShares Dynamic LargeCap Value ( PWV ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere & Company ( DE ) will begin trading ex-dividend on December 28, 2016.
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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: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Natural Resources ETF ( HAP ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ) VanEck Vectors Morningstar Wide Moat ETF ( MOAT ) PowerShares Dynamic LargeCap Value ( PWV ).
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A cash dividend payment of $0.6 per share is scheduled to be paid on February 01, 2017. DE's current earnings per share, an indicator of a company's profitability, is $4.81. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) VanEck Vectors Natural Resources ETF ( HAP ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ) VanEck Vectors Morningstar Wide Moat ETF ( MOAT ) PowerShares Dynamic LargeCap Value ( PWV ).
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7a0a89e2-1a70-4092-b26a-cb0a3f20b5b7
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722531.0
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2016-12-18 00:00:00 UTC
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Sorry Warren Buffett, but You're Wrong on These 3 Stocks
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DE
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https://www.nasdaq.com/articles/sorry-warren-buffett-youre-wrong-these-3-stocks-2016-12-18
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nan
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nan
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DE data by YCharts .
The market is clearly ignoring the signs and betting on Deere's cost-cutting efforts to boost margins, but there's only so much the company can do. In fact, Deere is guiding for lower sales volumes and an 8% decline in its net profits for financial year 2017. In other words, there's still time before we can call it a bottom. In fact, farm cycles last several years, so when things will turn around is anyone's guess. My biggest concern? Deere's stock hit all-time highs some days ago, despite decelerating profits and persistent headwinds.
Deere makes up a small portion of Berkshire's portfolio, and it might have even been picked by one of Buffett's investing managers, Todd Combs or Ted Weschler, but Buffett's company remains Deere's largest institutional investor, and the stock is among Berkshire's 15 largest holdings. That could backfire, and investors might be better off avoiding this agriculture stock altogether.
Not a Buffett stock at all
Tim Green(Apple):Berkshire Hathaway invested $1 billion in Apple earlier this year, a move that didn't seem Buffett-esque at all. That's because it wasn't -- the investment was made by one of two investment managers who handle a portion of Berkshire's vast stock portfolio. Buffett himself had nothing to do with the investment; he gives his managers free reign to pick stocks without consulting him.
I don't think investing in Apple is a great idea, despite its beaten-down valuation. The company is heavily dependent on the iPhone, deriving the majority of its revenue from that single product. Mid-range phones have become better over the years, and Apple is doing pretty awful in certain markets, namely China, where lower-priced competition is proving difficult to handle. Apple's revenue from China tumbled 30% year over year during the fourth quarter, reflecting these challenges.
The odds of Apple coming up with another hit on the scale of the iPhone is unlikely. The company is focused on growing its services business, looking to better monetize its massive install base, but Apple makes nearly all of its money selling hardware. iPhone unit sales dropped 13% in the fourth quarter compared to the prior-year period, and while there's hope that an amazing iPhone 8 launch next year will reinvigorate sales, Apple may genuinely be out of ideas.
Apple looks like a value stock, but I'm not convinced the company can maintain its earnings, let alone grow them, going forward. That's why I think Berkshire is dead wrong on Apple.
10 stocks we like better than Deere & Company
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the 10 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.
Click here to learn about these picks!
*Stock Advisor returns as of Nov. 7, 2016.
Neha Chamaria has no position in any stocks mentioned. Timothy Green owns shares of Berkshire Hathaway (B shares) and General Motors. Todd Campbell owns shares of Apple. The Motley Fool owns shares of and recommends Apple and Berkshire Hathaway (B shares). The Motley Fool is short Deere & Company and has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days .
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, Deere is guiding for lower sales volumes and an 8% decline in its net profits for financial year 2017. DE data by YCharts . The market is clearly ignoring the signs and betting on Deere's cost-cutting efforts to boost margins, but there's only so much the company can do.
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Deere makes up a small portion of Berkshire's portfolio, and it might have even been picked by one of Buffett's investing managers, Todd Combs or Ted Weschler, but Buffett's company remains Deere's largest institutional investor, and the stock is among Berkshire's 15 largest holdings. DE data by YCharts . The market is clearly ignoring the signs and betting on Deere's cost-cutting efforts to boost margins, but there's only so much the company can do.
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Deere makes up a small portion of Berkshire's portfolio, and it might have even been picked by one of Buffett's investing managers, Todd Combs or Ted Weschler, but Buffett's company remains Deere's largest institutional investor, and the stock is among Berkshire's 15 largest holdings. The Motley Fool is short Deere & Company and has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. DE data by YCharts .
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* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now...and Deere & Company wasn't one of them! DE data by YCharts . The market is clearly ignoring the signs and betting on Deere's cost-cutting efforts to boost margins, but there's only so much the company can do.
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6d997017-0be8-4d65-b36a-ee15f7964769
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722532.0
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2016-12-08 00:00:00 UTC
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Why Deere & Company Stock Jumped 13.7% in November
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DE
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https://www.nasdaq.com/articles/why-deere-company-stock-jumped-137-november-2016-12-08
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nan
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What happened
Christmas has arrived early for shareholders of Deere & Company (NYSE: DE) . The company continued a torrid end-of-year pace by rising 13.7% in November, which pushed year-to-date stock gains to 34.6%. That's impressive considering the stock's year-to-date gains in mid-September were just 5%. It's also impressive if you consider that sales and earnings were down in fiscal 2016, but the devil is in the details.
So what
Deere & Company announced fiscal 2016 results on Nov. 23, which promptly sent shares soaring. Full-year sales and earnings per share dropped 10% and 16%, respectively, than watermarks set last year. That's not too surprising given the global headwinds facing industrial equipment manufacturers this year, especially those dependent on agricultural sales. But that doesn't answer the question: Why are shares up?
DE data by YCharts .
There's also a sense that this downturn could have been much worse. It will actually get worse still, as management expects 2017 sales to drop 1% compared to 2016. The bad news is that the outlook amounts to a reduction of about $233 million. The good news is that reduced costs and restructuring could more than offset the drop in sales. Restructuring efforts currently underway are expected to deliver $500 million in savings by the end of 2018.
The better news is that Deere & Company is well positioned for long-term growth for each of its three segments: agriculture and turf, construction and forestry, and financial services. The company's growth strategy has been validated throughout the globe, and management insists that the current downturn would have been much worse if not for its stellar execution in recent years.
Now what
In addition to enthusiasm for future growth potential, investors should consider that Deere & Company stock is up 34.6% in 2016 because it began the year at multiyear lows. Given that sales and earnings are likely to contract again in 2017, investors probably shouldn't expect a repeat performance in the next 12 months. But if and when a global recovery in commodities arrives, the company appears to be poised to resume its long-term growth trajectory.
10 stocks we like better than Deere & Company
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the 10 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.
Click here to learn about these picks!
*Stock Advisor returns as of Nov. 7, 2016
Maxx Chatsko has no position in any stocks mentioned. Follow him on Twitter to keep up with developments in engineered biology and materials science.
The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and 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 better news is that Deere & Company is well positioned for long-term growth for each of its three segments: agriculture and turf, construction and forestry, and financial services. Now what In addition to enthusiasm for future growth potential, investors should consider that Deere & Company stock is up 34.6% in 2016 because it began the year at multiyear lows. What happened Christmas has arrived early for shareholders of Deere & Company (NYSE: DE) .
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Christmas has arrived early for shareholders of Deere & Company (NYSE: DE) .
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10 stocks we like better than Deere & Company When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deere & Company wasn't one of them! The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company.
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* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deere & Company wasn't one of them! What happened Christmas has arrived early for shareholders of Deere & Company (NYSE: DE) . That's impressive considering the stock's year-to-date gains in mid-September were just 5%.
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ffd04522-f2a9-428b-be25-13ff3616f4f6
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722533.0
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2016-12-06 00:00:00 UTC
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Noteworthy ETF Outflows: MOO, DE, SYT, ZTS
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DE
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https://www.nasdaq.com/articles/noteworthy-etf-outflows-moo-de-syt-zts-2016-12-06
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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 Agribusiness ETF (Symbol: MOO) where we have detected an approximate $31.0 million dollar outflow -- that's a 3.7% decrease week over week (from 16,300,000 to 15,700,000). Among the largest underlying components of MOO, in trading today Deere & Co. (Symbol: DE) is up about 0.3%, Syngenta AG (Symbol: SYT) is off about 0.1%, and Zoetis Inc (Symbol: ZTS) is lower by about 0.4%. For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average:
Looking at the chart above, MOO's low point in its 52 week range is $40.92 per share, with $51.78 as the 52 week high point - that compares with a last trade of $51.78. 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.
The views and 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 MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $40.92 per share, with $51.78 as the 52 week high point - that compares with a last trade of $51.78. 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 MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $40.92 per share, with $51.78 as the 52 week high point - that compares with a last trade of $51.78. 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 Agribusiness ETF (Symbol: MOO) where we have detected an approximate $31.0 million dollar outflow -- that's a 3.7% decrease week over week (from 16,300,000 to 15,700,000).
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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 Agribusiness ETF (Symbol: MOO) where we have detected an approximate $31.0 million dollar outflow -- that's a 3.7% decrease week over week (from 16,300,000 to 15,700,000). For a complete list of holdings, visit the MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $40.92 per share, with $51.78 as the 52 week high point - that compares with a last trade of $51.78. 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 MOO Holdings page » The chart below shows the one year price performance of MOO, versus its 200 day moving average: Looking at the chart above, MOO's low point in its 52 week range is $40.92 per share, with $51.78 as the 52 week high point - that compares with a last trade of $51.78. 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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92a91548-6400-426e-8be0-8b0a2e96e613
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722534.0
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2016-12-06 00:00:00 UTC
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Packaging Corporation Hits 52-Week High: What's Driving It?
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DE
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https://www.nasdaq.com/articles/packaging-corporation-hits-52-week-high%3A-whats-driving-it-2016-12-06
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nan
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nan
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Shares of containerboard and packaging products manufacturer Packaging Corporation of AmericaPKG scaled a new 52-week high of $88.29 on Dec 5, before ending the day at $87.15. The shares touched a new high following the completion of its recent acquisition of Columbus Container.
This Lake Forest, IL-based company has a market cap of $8.14 billion. Meanwhile, average volume of shares traded in the last three months is approximately 857K. Packaging Corporation has delivered a year-to-date return of 38.1%. The company has delivered an average positive surprise of 4.98% in the last four quarters.
Despite its strong price appreciation, this Zacks Rank #3 (Hold) stock has the fundamentals to scale higher. The stock is currently trading at a forward P/E of 18.0x and has a long-term earnings growth expectation of 11.48%.
Growth Drivers
The Columbus Container buyout is a strategic fit for Packaging Corporation and is expected to be immediately accretive to earnings. The acquisition is anticipated to increase containerboard production by over 30,000 tons.
In August, Packaging Corporation made a similar deal with the purchase of all of the assets of TimBar Corporation, a large independent corrugated products manufacturer, for $386 million in cash. These strategic acquisitions exhibit that the company is focused on increasing its vertical integration of containerboard to above 90%. The company expects both the strategic acquisitions to increase its containerboard integration and allow further optimization along with enhancement of its mill capacity.
PACKAGING CORP Price and Consensus
PACKAGING CORP Price and Consensus | PACKAGING CORP Quote
Packaging Corporation is the fourth largest containerboard and corrugated products manufacturer in the U.S. Its offerings include a diversified range of corrugated products such as shipping containers, point-of-sale graphics packaging, point-of-purchase displays and other specialized packaging. An enormous scale of production and an extended product portfolio offer a competitive advantage to the company to fulfill the varied demands of its diversified clientele.
The company's corrugated product manufacturing plants produce a wide variety of packaging items, including conventional shipping containers used to protect and transport manufactured goods. Further, it produces multi-colored boxes and displays with strong visual appeal that aid merchandise across retail locations.
Additionally, Packaging Corp. is a large producer of packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. The diverse product portfolio mitigates operational risks associated with any downturn in a particular product category.
Stocks to Consider
Some better-ranked stocks in the same sector include ACCO Brands Corp. ACCO , Deere & Co. DE and EnerSys ENS .
ACCO Brands has an impressive track record of earnings surprise with an average positive earnings surprise of 23.93% in the last four quarters and the stock has gained 76.72% year to date. ACCO Brands sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Deere, which also carries a Zacks Rank #1 has gained 33.08% year to date. The company has an average positive earnings surprise of 58.17% in the last four quarters. EnerSys another Zacks Rank #1 stock has delivered a positive average earnings surprise of 3.01% in the last four quarters. The stock has gained 38.78% year to date.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PACKAGING CORP (PKG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
ENERSYS INC (ENS): Free Stock Analysis Report
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of containerboard and packaging products manufacturer Packaging Corporation of AmericaPKG scaled a new 52-week high of $88.29 on Dec 5, before ending the day at $87.15. Meanwhile, average volume of shares traded in the last three months is approximately 857K. Packaging Corporation has delivered a year-to-date return of 38.1%.
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PACKAGING CORP Price and Consensus PACKAGING CORP Price and Consensus | PACKAGING CORP Quote Packaging Corporation is the fourth largest containerboard and corrugated products manufacturer in the U.S. Its offerings include a diversified range of corrugated products such as shipping containers, point-of-sale graphics packaging, point-of-purchase displays and other specialized packaging. Stocks to Consider Some better-ranked stocks in the same sector include ACCO Brands Corp. ACCO , Deere & Co. DE and EnerSys ENS . Click to get this free report PACKAGING CORP (PKG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here.
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PACKAGING CORP Price and Consensus PACKAGING CORP Price and Consensus | PACKAGING CORP Quote Packaging Corporation is the fourth largest containerboard and corrugated products manufacturer in the U.S. Its offerings include a diversified range of corrugated products such as shipping containers, point-of-sale graphics packaging, point-of-purchase displays and other specialized packaging. Click to get this free report PACKAGING CORP (PKG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of containerboard and packaging products manufacturer Packaging Corporation of AmericaPKG scaled a new 52-week high of $88.29 on Dec 5, before ending the day at $87.15.
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Shares of containerboard and packaging products manufacturer Packaging Corporation of AmericaPKG scaled a new 52-week high of $88.29 on Dec 5, before ending the day at $87.15. EnerSys another Zacks Rank #1 stock has delivered a positive average earnings surprise of 3.01% in the last four quarters. Zacks' Top Investment Ideas for Long-Term Profit How would you like to see our best recommendations to help you find today's most promising long-term stocks?
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2016-12-01 00:00:00 UTC
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FVD, HJPX: Big ETF Outflows
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https://www.nasdaq.com/articles/fvd-hjpx-big-etf-outflows-2016-12-01
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of FVD, in morning trading today WGL Holdings ( WGL ) is up about 1%, and Deere & Company ( DE ) is higher by about 2.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged JPX-Nikkei 400 ETF ( HJPX ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
VIDEO: FVD, HJPX: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged JPX-Nikkei 400 ETF ( HJPX ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: FVD, HJPX: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. VIDEO: FVD, HJPX: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Among the largest underlying components of FVD, in morning trading today WGL Holdings ( WGL ) is up about 1%, and Deere & Company ( DE ) is higher by about 2.1%.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged JPX-Nikkei 400 ETF ( HJPX ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: FVD, HJPX: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of FVD, in morning trading today WGL Holdings ( WGL ) is up about 1%, and Deere & Company ( DE ) is higher by about 2.1%. And on a percentage change basis, the ETF with the biggest outflow was the iShares Currency Hedged JPX-Nikkei 400 ETF ( HJPX ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
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2016-11-29 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Bristol-Myers, Google, Deere, Halliburton and American Airlines
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-bristol-myers-google-deere-halliburton-and-american
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For Immediate Release
Chicago, IL - November 29, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ), Deere (NYSE: DE - Free Report ), Halliburton (NYSE: HAL - Free Report ) and American Airlines (NASDAQ: AAL - Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Top Research Reports for Tuesday
Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ) and Deere (NYSE: DE - Free Report ).
Bristol-Myers shares have underperformed the broader market as well as the large cap pharma group this year, though the stock has turned around a bit since the election. Concerns about generic competition for several of its key products, particularly the HCV franchise, remain a major headwind for the stock. These issues notwithstanding, the analyst points out in the updated research reprot issued today Bristol-Myers' efforts to develop its pipeline and strengthen its product portfolio, primarily through acquisitions and deals. An operating model focused on accelerating pipeline development and streamlining infrastructure bodes well for growth. (You can read the full research report on Bristol-Myers here>> )
Google's parent Alphabet shares continued to lag the Tech sector as well as the broader market this year, but the company remains well positioned for the long run given its dominant share in a competitive, fast-growing search market. The analyst discusses the pros & cons of investing in Alphabet shares at present in the updated research report issued today. On the positive side, the analyst points out the company's focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. Additionally, growing competition and legal hassles could intensify with Brexit. (You can read the full research report on Google here>> )
Buy rated Deere shares have surged 36% over the year, handily beating the broader market as well as the farming machinery industry. The analyst emphasizes that the company has benefited from the proper execution of its operating plans, disciplined cost management as well as its broad product portfolio. It stands firm on its commitment to reduce structural costs through indirect and direct material cost reduction, reduced headcount and other initiatives. Increase in construction spending, improvement in political conditions in Brazil and positive conditions in India is likely to lead to better results. (You can read the full research report on Deere here>> )
Other noteworthy reports we are featuring today include Halliburton (NYSE: HAL - Free Report ) and American Airlines (NASDAQ: AAL - Free Report ).
Confidential: Best Trades from Zacks Research
Would you like to see a hand-picked "all-star" selection of investment ideas from the man who heads up Zacks' trading and investing services? Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand. He is now prepared to pass them along to you. Today Steve is also opening up Zacks' 7 Best Stocks for October, 2016 free of charge. From 220 Zacks Rank #1 Strong Buys, this Special tabs 7 for immediate breakout. Click to access these private picks>>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on BMY - FREE
Get the full Report on GOOGL - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BRISTOL-MYERS (BMY): Free Stock Analysis Report
ALPHABET INC-A (GOOGL): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
HALLIBURTON CO (HAL): Free Stock Analysis Report
AMER AIRLINES (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the positive side, the analyst points out the company's focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. (You can read the full research report on Google here>> ) Buy rated Deere shares have surged 36% over the year, handily beating the broader market as well as the farming machinery industry. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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Stocks recently featured in the blog include Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ), Deere (NYSE: DE - Free Report ), Halliburton (NYSE: HAL - Free Report ) and American Airlines (NASDAQ: AAL - Free Report ). Here are highlights from Monday's Analyst Blog: Top Research Reports for Tuesday Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ) and Deere (NYSE: DE - Free Report ). Click to get this free report BRISTOL-MYERS (BMY): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report HALLIBURTON CO (HAL): Free Stock Analysis Report AMER AIRLINES (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Monday's Analyst Blog: Top Research Reports for Tuesday Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ) and Deere (NYSE: DE - Free Report ). Get the full Report on BMY - FREE Get the full Report on GOOGL - FREE Get the full Report on DE - FREE Get the full Report on HAL - FREE Get the full Report on AAL - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report BRISTOL-MYERS (BMY): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report HALLIBURTON CO (HAL): Free Stock Analysis Report AMER AIRLINES (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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(You can read the full research report on Bristol-Myers here>> ) Google's parent Alphabet shares continued to lag the Tech sector as well as the broader market this year, but the company remains well positioned for the long run given its dominant share in a competitive, fast-growing search market. Stocks recently featured in the blog include Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ), Deere (NYSE: DE - Free Report ), Halliburton (NYSE: HAL - Free Report ) and American Airlines (NASDAQ: AAL - Free Report ). Here are highlights from Monday's Analyst Blog: Top Research Reports for Tuesday Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (NYSE: BMY - Free Report ), Google (NASDAQ: GOOGL - Free Report ) and Deere (NYSE: DE - Free Report ).
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2016-11-28 00:00:00 UTC
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Top Research Reports for Alphabet, Deere & Bristol-Myers
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https://www.nasdaq.com/articles/top-research-reports-alphabet-deere-bristol-myers-2016-11-28
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Monday, November 28 2016
Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (BMY), Google (GOOGL) and Deere (DE).
Bristol-Myers shares have underperformed the broader market as well as the large cap pharma group this year, though the stock has turned around a bit since the election. Concerns about generic competition for several of its key products, particularly the HCV franchise, remain a major headwind for the stock. These issues notwithstanding, the analyst points out in the updated research reprot issued today Bristol-Myers' efforts to develop its pipeline and strengthen its product portfolio, primarily through acquisitions and deals. An operating model focused on accelerating pipeline development and streamlining infrastructure bodes well for growth. (You can read the full research report onBristol-Myershere>> )
Google's parent Alphabet shares continued to lag the Tech sector as well as the broader market this year, but the company remains well positioned for the long run given its dominant share in a competitive, fast-growing search market. The analyst discusses the pros & cons of investing in Alphabet shares at present in the updated research report issued today. On the positive side, the analyst points out the company's focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. Additionally, growing competition and legal hassles could intensify with Brexit. (You can read the full research report onGooglehere>> )
Buy rated Deere shares have surged 36% over the year, handily beating the broader market as well as the farming machinery industry. The analyst emphasizes that the company has benefited from the proper execution of its operating plans, disciplined cost management as well as its broad product portfolio. It stands firm on its commitment to reduce structural costs through indirect and direct material cost reduction, reduced headcount and other initiatives. Increase in construction spending, improvement in political conditions in Brazil and positive conditions in India is likely to lead to better results. (You can read the full research report onDeerehere>> )
Other noteworthy reports we are featuring today include Halliburton (HAL), Allergan (AGN) and American Airlines (AAL).
Confidential: Best Trades from Zacks Research
Would you like to see a hand-picked "all-star" selection of investment ideas from the man who heads up Zacks' trading and investing services? Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand. He is now prepared to pass them along to you. Today Steve is also opening up Zacks' 7 Best Stocks for October, 2016 free of charge. From 220 Zacks Rank #1 Strong Buys, this Special tabs 7 for immediate breakout. Click to access these private picks>>
Sheraz Mian
Director of Research
Note: If you want an email notification each time Sheraz publishes a new article, pleaseclick here>>>
Today's Must Read
Bristol-Myers (BMY) Beats on Q3 Earnings, Lifts 2016 Outlook
Google (GOOGL) Challenged by Competition & Legal Hassles
Deere (DE) Tops on Q4 Earnings, Long-Term Catalysts Intact
Featured Reports
Allergan (AGN) to Focus on Branded Unit after Teva Deal
The Zacks analyst believes that with the sale of the generics business to Teva, Allergan can now focus on the branded segment.
Cimarex Energy (XEC) Beats on Q3 Earnings Estimates
The covering analyst believes that massive improvement on the cost front due to significantly low quarterly expenses led the company to beat third-quarter earnings estimates.
American Airlines (AAL) Gains on Bullish Q4 RASM View
Though positive on American Airlines' bullish view on unit revenues in Q4, the Zacks analyst expects recent labor deals to hurt the company's near-term earnings.
Jacobs (JEC) Posts In-Line Q4 Earnings
The covering analyst stresses that Jacobs intends to grow on contract wins, greater operational efficacy and lower costs, amid challenging market conditions.
Allstate's (ALL) Q3 Earnings Beat, Down Y/Y on High Cat Loss
The Zacks analyst believes that the quality of earnings was strong as is evident from improvement in underlying auto margins and strong results for homeowners' business despite high catastrophe loss
Regency's (REG) Q3 Results Decent, Agrees to Buy Equity One
The Zacks analyst believes that Regency's decent Q3 result depicts same property NOI growth. Its deal to buy Equity One would boost its portfolio quality.
Garmin (GRMN) Continues to Enhance Existing Product Lines
Though Garmin's aviation business remains lumpy, the Zacks analyst believes that the company's solutions remain popular among both Original Equipment Manufacturers and after-market customers.
New Upgrades
Cost Control Initiatives Give Halliburton (HAL) the Edge
Halliburton's effective cost management and improved utilization on the back of growing North American rig count has made the Zacks analyst turn bullish on the oilfield services behemoth.
State Street (STT) Focusses on Restructuring & Acquisition
As per the covering analyst, State Street remains on track to boost efficiencies through its restructuring plans. Also, the company's revenues will benefit from GE Asset Management acquisition.
American Water Works (AWK) Gains from Consistent Investment
The Zacks analyst believes American Water Works is well poised to benefit from its consistent investments aimed at strengthening infrastructure and making strategic acquisitions.
New Downgrades
Chunghwa Telecom (CHT) Downgraded to Sell on Weak Outlook
The Zacks analyst believes that Chunghwa Telecom's disappointing outlook for 2016 should be a concern for investors
Hanesbrands' (HBI) High Priced Items Impacts Sales Negatively
The covering analyst thinks low exposure to international markets and high level of inventory are concerns. Also, deep focus on premium items is detrimental to sales in a soft consumer environment.
Revenue & Regulatory Pressure Persist for Franklin (BEN)
The Zacks analyst thinks pressure on investment management fees amid muted AUM growth along with impact of new regulations continue to pose concerns.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HALLIBURTON CO (HAL): Free Stock Analysis Report
ALPHABET INC-A (GOOGL): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
BRISTOL-MYERS (BMY): Free Stock Analysis Report
ALLERGAN PLC (AGN): Free Stock Analysis Report
AMER AIRLINES (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the positive side, the analyst points out the company's focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. (You can read the full research report onGooglehere>> ) Buy rated Deere shares have surged 36% over the year, handily beating the broader market as well as the farming machinery industry. Click to access these private picks>> Sheraz Mian Director of Research Note: If you want an email notification each time Sheraz publishes a new article, pleaseclick here>>> Today's Must Read Bristol-Myers (BMY) Beats on Q3 Earnings, Lifts 2016 Outlook Google (GOOGL) Challenged by Competition & Legal Hassles Deere (DE) Tops on Q4 Earnings, Long-Term Catalysts Intact Featured Reports Allergan (AGN) to Focus on Branded Unit after Teva Deal The Zacks analyst believes that with the sale of the generics business to Teva, Allergan can now focus on the branded segment.
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Monday, November 28 2016 Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (BMY), Google (GOOGL) and Deere (DE). Click to access these private picks>> Sheraz Mian Director of Research Note: If you want an email notification each time Sheraz publishes a new article, pleaseclick here>>> Today's Must Read Bristol-Myers (BMY) Beats on Q3 Earnings, Lifts 2016 Outlook Google (GOOGL) Challenged by Competition & Legal Hassles Deere (DE) Tops on Q4 Earnings, Long-Term Catalysts Intact Featured Reports Allergan (AGN) to Focus on Branded Unit after Teva Deal The Zacks analyst believes that with the sale of the generics business to Teva, Allergan can now focus on the branded segment. Click to get this free report HALLIBURTON CO (HAL): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report BRISTOL-MYERS (BMY): Free Stock Analysis Report ALLERGAN PLC (AGN): Free Stock Analysis Report AMER AIRLINES (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to access these private picks>> Sheraz Mian Director of Research Note: If you want an email notification each time Sheraz publishes a new article, pleaseclick here>>> Today's Must Read Bristol-Myers (BMY) Beats on Q3 Earnings, Lifts 2016 Outlook Google (GOOGL) Challenged by Competition & Legal Hassles Deere (DE) Tops on Q4 Earnings, Long-Term Catalysts Intact Featured Reports Allergan (AGN) to Focus on Branded Unit after Teva Deal The Zacks analyst believes that with the sale of the generics business to Teva, Allergan can now focus on the branded segment. Allstate's (ALL) Q3 Earnings Beat, Down Y/Y on High Cat Loss The Zacks analyst believes that the quality of earnings was strong as is evident from improvement in underlying auto margins and strong results for homeowners' business despite high catastrophe loss Regency's (REG) Q3 Results Decent, Agrees to Buy Equity One The Zacks analyst believes that Regency's decent Q3 result depicts same property NOI growth. Click to get this free report HALLIBURTON CO (HAL): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report BRISTOL-MYERS (BMY): Free Stock Analysis Report ALLERGAN PLC (AGN): Free Stock Analysis Report AMER AIRLINES (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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These issues notwithstanding, the analyst points out in the updated research reprot issued today Bristol-Myers' efforts to develop its pipeline and strengthen its product portfolio, primarily through acquisitions and deals. American Airlines (AAL) Gains on Bullish Q4 RASM View Though positive on American Airlines' bullish view on unit revenues in Q4, the Zacks analyst expects recent labor deals to hurt the company's near-term earnings. Allstate's (ALL) Q3 Earnings Beat, Down Y/Y on High Cat Loss The Zacks analyst believes that the quality of earnings was strong as is evident from improvement in underlying auto margins and strong results for homeowners' business despite high catastrophe loss Regency's (REG) Q3 Results Decent, Agrees to Buy Equity One The Zacks analyst believes that Regency's decent Q3 result depicts same property NOI growth.
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2016-11-26 00:00:00 UTC
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What Investors Missed in the Market This Week
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Image source: Getty Images.
Despite a slow day in the markets following the Thanksgiving holiday, both the Dow Jones Industrial Average and S&P 500 managed to set record highs before pulling back slightly. At the time of this writing, that puts the major indexes on pace for their third straight weekly move higher.
And, in case you were too occupied with a Thanksgiving feast or family football game, here are a handful of companies that made big moves or big headlines this week.
To catch a thief
Shares of fraud protection and identity theft services provider LifeLock (NYSE: LOCK) jumped 15% in the past five days after agreeing to be acquired by Symantec (NASDAQ: SYMC) in a deal of about $2.3 billion, including debt.
Breaking things down further, Symantec will pay $24 a share, which was a 16% premium to LifeLock's closing price on Nov. 18, and Symantec will fund the acquisition with cash and $750 million of new debt. While Symantec doesn't believe the acquisition will materially impact its 2017 results, it does expect annual cost savings from cost synergies to reach $30 million by the end of fiscal year 2018 and up to $80 million annually by the end of fiscal 2020.
"As we all know, consumer cybercrime has reached crisis levels. LifeLock is a leading provider of identity and fraud protection services, with over 4.4 million highly satisfied members and growing. With the combination of Norton and LifeLock, we will be able to deliver comprehensive cyber defense for consumers," said Symantec CEO Greg Clark in a press release.
The move makes sense for Symantec's strategy to beef up revenue generated from its consumer business portfolio and LifeLock certainly adds a highly relevant service that will combine with Symantec's existing products and services to create the world's largest digital safety platform.
When bad is good enough
Judging by the 13% spike in stock price this week, investors could be forgiven for thinking Deere & Co. (NYSE: DE) posted a brilliant fourth quarter. Honestly, though, the company still faces significant headwinds and it was more of a weak result that managed to top estimates rather than an excellent quarter -- just glance at the numbers for confirmation.
Deere's net sales and revenue dropped 3% during the fourth quarter, compared to the prior year, down to $6.5 billion. Its net income decreased a more dramatic 19% from $351 million during the prior year's fourth quarter, down to $285 million. That equated to a 17% drop in earnings per share, down to $0.90 per share. Despite the decline, it was still much better than Wall Street's forecast of earnings per share of $0.39.
There were a couple of positive takeaways for investors. Including the fact that Deere's fourth-quarter drop in net sales and revenue, as well as net income, fell at a slower pace suggesting the worst may be behind it. Also, CEO Samuel R. Allen noted the company could generate $500 million in cost reductions by the end of 2018, which could certainly help slow down or reverse its bottom-line declines.
Fast and flawed
Tesla Motors (NASDAQ: TSLA) has been one of the most polarizing stocks over the past few years. Its stock price is up an astounding 450% since 2013. It has produced arguably the most impressive electric vehicle to date, and even recently acquired SolarCity amid its ambitions to be more than just an automaker.
However, it's important for investors to keep an eye on the actual product itself, as its current business largely revolves around the success of selling its Model S and X, before the upcoming Model 3 launch. On that note, investors received a little bit of negative news for the Model X this week as Consumer Reportstested and reviewed the Model X and said, "More showboat than functional, the electric Tesla Model X has plenty of high-tech gimmicks but forgets about the 'U' in SUV."
The general theme from the report was that it has limited cargo-carrying ability and, as has been noted several times by consumers, the rear doors are cumbersome and prone to pausing or stopping. These harsh reports aren't surprising to those in the auto industry who understand how difficult it is to produce a "flawless" vehicle, and it's something major automakers have worked on for a century.
All investors can hope is that these smaller flaws and design quirks have been a valuable lesson to learn before the company's Model 3 hits the roads -- because that will absolutely define the company's success in the medium term.
10 stocks we like better than Tesla Motors
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Tesla Motors wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 7, 2016
Daniel Miller has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Tesla Motors. The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company. The Motley Fool recommends LifeLock. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite a slow day in the markets following the Thanksgiving holiday, both the Dow Jones Industrial Average and S&P 500 managed to set record highs before pulling back slightly. To catch a thief Shares of fraud protection and identity theft services provider LifeLock (NYSE: LOCK) jumped 15% in the past five days after agreeing to be acquired by Symantec (NASDAQ: SYMC) in a deal of about $2.3 billion, including debt. When bad is good enough Judging by the 13% spike in stock price this week, investors could be forgiven for thinking Deere & Co. (NYSE: DE) posted a brilliant fourth quarter.
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To catch a thief Shares of fraud protection and identity theft services provider LifeLock (NYSE: LOCK) jumped 15% in the past five days after agreeing to be acquired by Symantec (NASDAQ: SYMC) in a deal of about $2.3 billion, including debt. Deere's net sales and revenue dropped 3% during the fourth quarter, compared to the prior year, down to $6.5 billion. Despite a slow day in the markets following the Thanksgiving holiday, both the Dow Jones Industrial Average and S&P 500 managed to set record highs before pulling back slightly.
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To catch a thief Shares of fraud protection and identity theft services provider LifeLock (NYSE: LOCK) jumped 15% in the past five days after agreeing to be acquired by Symantec (NASDAQ: SYMC) in a deal of about $2.3 billion, including debt. On that note, investors received a little bit of negative news for the Model X this week as Consumer Reportstested and reviewed the Model X and said, "More showboat than functional, the electric Tesla Model X has plenty of high-tech gimmicks but forgets about the 'U' in SUV." Despite a slow day in the markets following the Thanksgiving holiday, both the Dow Jones Industrial Average and S&P 500 managed to set record highs before pulling back slightly.
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All investors can hope is that these smaller flaws and design quirks have been a valuable lesson to learn before the company's Model 3 hits the roads -- because that will absolutely define the company's success in the medium term. Despite a slow day in the markets following the Thanksgiving holiday, both the Dow Jones Industrial Average and S&P 500 managed to set record highs before pulling back slightly. At the time of this writing, that puts the major indexes on pace for their third straight weekly move higher.
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2016-11-25 00:00:00 UTC
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Company News for November 25, 2016
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https://www.nasdaq.com/articles/company-news-for-november-25-2016-2016-11-25
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• Deere & Company's ( DE ) shares increased 11% after announcing fiscal fourth quarter earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.36
• Shares of Hewlett Packard Enterprise Company ( HPE ) rose 3% after posting fiscal fourth quarter revenues of $12.512 billion, surpassing the Zacks Consensus Estimate of $11.874 billion
• HP Inc's ( HPQ ) shares fell 6.8% after reporting fiscal fourth quarter non-GAAP earnings per share of $0.36 per share, declining from the year-ago figure of $0.93 per share
• Shares of Urban Outfitters Inc. ( URBN ) plunged 12.1% after posting fiscal third quarter earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44
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HEWLETT PKD ENT (HPE): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
URBAN OUTFITTER (URBN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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's ( DE ) shares increased 11% after announcing fiscal fourth quarter earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.36 • Shares of Hewlett Packard Enterprise Company ( HPE ) rose 3% after posting fiscal fourth quarter revenues of $12.512 billion, surpassing the Zacks Consensus Estimate of $11.874 billion • HP Inc's ( HPQ ) shares fell 6.8% after reporting fiscal fourth quarter non-GAAP earnings per share of $0.36 per share, declining from the year-ago figure of $0.93 per share • Shares of Urban Outfitters Inc. ( URBN ) plunged 12.1% after posting fiscal third quarter earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 Want the latest recommendations from Zacks Investment Research? Click to get this free report HP INC (HPQ): Free Stock Analysis Report HEWLETT PKD ENT (HPE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Deere & Company's ( DE ) shares increased 11% after announcing fiscal fourth quarter earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.36 • Shares of Hewlett Packard Enterprise Company ( HPE ) rose 3% after posting fiscal fourth quarter revenues of $12.512 billion, surpassing the Zacks Consensus Estimate of $11.874 billion • HP Inc's ( HPQ ) shares fell 6.8% after reporting fiscal fourth quarter non-GAAP earnings per share of $0.36 per share, declining from the year-ago figure of $0.93 per share • Shares of Urban Outfitters Inc. ( URBN ) plunged 12.1% after posting fiscal third quarter earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 Want the latest recommendations from Zacks Investment Research? Click to get this free report HP INC (HPQ): Free Stock Analysis Report HEWLETT PKD ENT (HPE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Deere & Company's ( DE ) shares increased 11% after announcing fiscal fourth quarter earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.36 • Shares of Hewlett Packard Enterprise Company ( HPE ) rose 3% after posting fiscal fourth quarter revenues of $12.512 billion, surpassing the Zacks Consensus Estimate of $11.874 billion • HP Inc's ( HPQ ) shares fell 6.8% after reporting fiscal fourth quarter non-GAAP earnings per share of $0.36 per share, declining from the year-ago figure of $0.93 per share • Shares of Urban Outfitters Inc. ( URBN ) plunged 12.1% after posting fiscal third quarter earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 Want the latest recommendations from Zacks Investment Research? Click to get this free report HP INC (HPQ): Free Stock Analysis Report HEWLETT PKD ENT (HPE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Deere & Company's ( DE ) shares increased 11% after announcing fiscal fourth quarter earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.36 • Shares of Hewlett Packard Enterprise Company ( HPE ) rose 3% after posting fiscal fourth quarter revenues of $12.512 billion, surpassing the Zacks Consensus Estimate of $11.874 billion • HP Inc's ( HPQ ) shares fell 6.8% after reporting fiscal fourth quarter non-GAAP earnings per share of $0.36 per share, declining from the year-ago figure of $0.93 per share • Shares of Urban Outfitters Inc. ( URBN ) plunged 12.1% after posting fiscal third quarter earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 Want the latest recommendations from Zacks Investment Research? Click to get this free report HP INC (HPQ): Free Stock Analysis Report HEWLETT PKD ENT (HPE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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2016-11-25 00:00:00 UTC
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Drone Usage in Agriculture Could Be a $32 Billion Market
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https://www.nasdaq.com/articles/drone-usage-agriculture-could-be-32-billion-market-2016-11-25
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Agriculture could be one of the biggest drone markets. Image source: Getty Images.
You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes? In fact, agricultural efficiency is poised to take a big leap with drone technology now that the U.S. Federal Aviation Administration is streamlining regulations for unmanned aerial vehicles. A recent report fromPwC pegs the addressable market for agricultural drones to be worth a whopping $32.4 billion, second only to infrastructure.
That's a big number. And the interesting part is that PwC isn't the only one expecting drones to revolutionize agriculture.
Bank of America Merrill Lynch projects agriculture to make up almost 80% of the commercial drone market in the future, with the potential to generate $82 billion worth of economic activity in the U.S. between 2015 and 2025.
Goldman Sachs predicts the agriculture sector to be the largest user of drones in the U.S. and the second largest in the world in the next five years.
Research company Markets and Markets estimates the agricultural drone market to grow at a compounded average rate of 30% through 2022.
Not surprisingly, drone makers like AeroVironment Inc. (NASDAQ: AVAV) are increasingly focusing on agriculture. The latest example is AeroVironment's Quantix drone, which it unveiled at the just-concluded Drone World Expo at San Jose, California. AeroVironment expects Quantix's features like one-touch launch, which makes it easier to map fields and gather instant analytics, to strike a chord with farm operators.
In fact, even technology companies are throwing their weight behind agricultural drones. Consider Raven Industries (NASDAQ: RAVN) , which specializes in navigation and radar systems solutions. Raven took a big leap earlier this year when it became the exclusive distribution partner for AgEagle's agricultural unmanned aerial systems (UAS). AgEagle uses advanced technology like GoPro Inc. (NASDAQ: GPRO) cameras and sensors in its UAS to capture real-time data for crop surveillance.
AgEagle RX60 agricultural UAS. Image source: Raven Precision.
Considering that Raven already has long-standing partnerships with leading agricultural-equipment manufacturers like Deere & Company (NYSE: DE) and AGCO Corporation (NYSE: AGCO) , I wouldn't be surprised to see more and more agricultural companies pump money into drone technology in coming years.
Wait, they're already doing it!
Agricultural companies are getting serious about drones
This past April, DuPont (NYSE: DD) invested an undisclosed sum in drones company PrecisionHawk. The news took the market by surprise, as it isn't every day you see an agricultural company turn into a venture capitalist. Clearly, DuPont must be expecting the agricultural drone market to take off to have made the move. PrecisionHawk cited how both companies "recognize the opportunity for drone technology solutions in agriculture," backed by analysts' estimates that peg the "economic impact" of the technology to cross a whopping $60 billion in 10 years.
On the other side of the agriculture spectrum, farm-equipment manufacturers are quietly digitalizing farms by adopting precision agriculture -- a modern farm management concept that uses sensors to scan, record, and collect data from fields. Over time, the scope of precision agriculture has expanded vastly to include GPS, automated systems, geomapping, and satellite imagery. Drones are the latest addition to the list.
Several drone technology and software companies like Sentera and Agribotix have recently tied up with Deere Operations Center to extend their products and solutions to Deere dealers and customers. The Deere Operations Centre platform allows users to gather, analyze, and manage data related to equipment and farm operations virtually. You may call it remote farming. In line with its focus to automate agriculture, Deere is upgrading its Operations Centre with new mobile apps and software.
But none of it comes even close to what AGCO has done on the drone front. Hold your breath: AGCO already has a UAV to its credit! Launched last year, the SOLO AGCO Edition drone is equipped with GoPro cameras and can scout about 240 acres in 20 minutes to provide high-resolution aerial field maps.
SOLO AGCO Edition UAV. Image source: AGCO.
With AGCO already taking the plunge, you may soon see more and more drones flying over farms, especially given how beneficial drones can be to farmers.
How drones fit into agriculture
Farmers today face one of the world's biggest challenges: to feed a growing population amid weather blips and shrinking arable land. The key lies in boosting crop yields -- something drones can help achieve.
Agricultural drones are high-tech systems that can do things a farmer can't: scan every corner of the fields to assess soil, monitor crop health, apply fertilizers, even track weather and estimate yields, and then collect the data and analyze it for prompt action. In short, drones can mechanize every step of farming, eliminating the costs of human errors and enabling farmers to react quickly to threats (such as drought conditions and pests), helping them maximize income and returns on investment in the end.
Long story short, drones can transform agriculture, and with the market potential now pegged at a whopping $32 billion, investors should keep a close watch on the companies that are investing in the technology.
10 stocks we like better than Deere & Company
When investing geniuses David and Tom Gardner have 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.*
David and Tom 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.
Click here to learn about these picks!
*Stock Advisor returns as of November 7, 2016.
Neha Chamaria has no position in any stocks mentioned. The Motley Fool owns shares of and recommends GoPro. The Motley Fool is short Deere & Company and has the following options: short January 2019 $12 calls on GoPro and long January 2019 $12 puts on GoPro. The Motley Fool recommends AeroVironment and Raven Industries. Try any of our Foolish newsletter services free for 30 days .
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes? In fact, agricultural efficiency is poised to take a big leap with drone technology now that the U.S. Federal Aviation Administration is streamlining regulations for unmanned aerial vehicles. Research company Markets and Markets estimates the agricultural drone market to grow at a compounded average rate of 30% through 2022.
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The Deere Operations Centre platform allows users to gather, analyze, and manage data related to equipment and farm operations virtually. Launched last year, the SOLO AGCO Edition drone is equipped with GoPro cameras and can scout about 240 acres in 20 minutes to provide high-resolution aerial field maps. You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes?
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Considering that Raven already has long-standing partnerships with leading agricultural-equipment manufacturers like Deere & Company (NYSE: DE) and AGCO Corporation (NYSE: AGCO) , I wouldn't be surprised to see more and more agricultural companies pump money into drone technology in coming years. You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes? In fact, agricultural efficiency is poised to take a big leap with drone technology now that the U.S. Federal Aviation Administration is streamlining regulations for unmanned aerial vehicles.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes? In fact, agricultural efficiency is poised to take a big leap with drone technology now that the U.S. Federal Aviation Administration is streamlining regulations for unmanned aerial vehicles.
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2016-11-25 00:00:00 UTC
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Deere’s Q4’16 Earnings Beat Analyst Estimates Owing To Its Restructuring Efforts
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https://www.nasdaq.com/articles/deeres-q416-earnings-beat-analyst-estimates-owing-its-restructuring-efforts-2016-11-25
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Deere ( DE ) recently reported its Q4'16 and year-end earnings and its results came in better than consensus estimates. Deere's full-year 2016 revenues declined by about 9% but its net income beat analyst estimates amid the continued downturn in agriculture and construction industry due to Deere's cost cutting measures. Deere's plans to save $500 million by the end of 2016 is likely to steer it through the current weakness in the markets. Agriculture and construction industry is likely to decline marginally due to record crops in U.S. and Europe and lower levels of commodity prices globally. Deere's construction industry sales are also facing challenges due to weakness in oil & gas sector and market uncertainties which are causing the delay in fleet replenishment. However, we expect commodity prices to improve after 2017 if the OPEC decision to cap oil production is achieved.
Deere's Cost Cutting Measures To Steer It Through Tougher Times
Deere's stock prices surged by about 11% following the Q4'16 earnings result, due to its better-than-expected net income for the full year 2016. Deere's net income for the full year was down 21% to $1.5 billion but $0.3 billion above consensus estimates primarily due to its restructuring and cost cutting efforts. U.S. farm incomes are expected to be below 2009 levels again this year, due to a series of good harvests and the resulting low commodity prices. This continues to negatively impact Deere's results as a majority of sales comes from North America.
Deere is leveraging its existing supplier relationships, reducing product-related costs and implementing workforce reduction programs such as voluntary retirement in order to cut down costs. Deere plans to save around $500 million by the end of 2018 through its structural cost reductions and has already saved $90 million in 2016. Thus, we believe that Deere will be able to generate profits for its shareholders despite the continued downturn in agriculture and construction industry.
Sales Decline In 2017 Is Likely To Be Less Severe
Deere expects a 1% decline in its agriculture and turf equipment revenues for 2017 and a marginal increase in its construction equipment sales. The U.S. farm income in 2017 is expected to be similar to that of 2016 as a slight decline in livestock will be offset by higher crop receipts due to record high harvest from last few years. We expect a marginal decline in EU-28 and China sales, due to local economic uncertainties and weakness in the dairy sector. This shold be offset, however, by increased demand from Brazil and India. The latter nation is benefitting from a good monsoon, while the latter's government is focused on reviving growth in the agriculture sector. Overall, we expect agriculture sales to decline in 2017 but the decline will be lower than 2016 and 2015 decline.
Weakness in the construction industry has also continued due to weakness in oil and gas sector, competitive pricing environment and uncertainty in global economies. Additionally, construction contractors are delaying fleet replenishment because of the uncertain markets and decline in rental rate utilization causing increased levels of used inventory. However, we expect a marginal recovery in construction industry sales due to local government's expected infrastructure development programs in U.S., China, and India.
We are currently reviewing our valuation model for Deere in light of recent earnings and will have an update ready soon.
For our model and valuation, please refer to our complete analysis of Deere
View Interactive Institutional Research (Powered by Trefis):
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 construction industry sales are also facing challenges due to weakness in oil & gas sector and market uncertainties which are causing the delay in fleet replenishment. The U.S. farm income in 2017 is expected to be similar to that of 2016 as a slight decline in livestock will be offset by higher crop receipts due to record high harvest from last few years. Additionally, construction contractors are delaying fleet replenishment because of the uncertain markets and decline in rental rate utilization causing increased levels of used inventory.
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Deere's full-year 2016 revenues declined by about 9% but its net income beat analyst estimates amid the continued downturn in agriculture and construction industry due to Deere's cost cutting measures. However, we expect a marginal recovery in construction industry sales due to local government's expected infrastructure development programs in U.S., China, and India. Deere ( DE ) recently reported its Q4'16 and year-end earnings and its results came in better than consensus estimates.
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Deere's full-year 2016 revenues declined by about 9% but its net income beat analyst estimates amid the continued downturn in agriculture and construction industry due to Deere's cost cutting measures. Deere's Cost Cutting Measures To Steer It Through Tougher Times Deere's stock prices surged by about 11% following the Q4'16 earnings result, due to its better-than-expected net income for the full year 2016. Sales Decline In 2017 Is Likely To Be Less Severe Deere expects a 1% decline in its agriculture and turf equipment revenues for 2017 and a marginal increase in its construction equipment sales.
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Deere's full-year 2016 revenues declined by about 9% but its net income beat analyst estimates amid the continued downturn in agriculture and construction industry due to Deere's cost cutting measures. Agriculture and construction industry is likely to decline marginally due to record crops in U.S. and Europe and lower levels of commodity prices globally. Deere ( DE ) recently reported its Q4'16 and year-end earnings and its results came in better than consensus estimates.
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2016-11-23 00:00:00 UTC
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Mid-Day Market Update: Eli Lilly Tumbles After Alzheimer's Study Fails To Meet Goals; Euroseas Shares Rise
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https://www.nasdaq.com/articles/mid-day-market-update-eli-lilly-tumbles-after-alzheimers-study-fails-meet-goals-euroseas
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Midway through trading Wednesday, the Dow traded up 0.20 percent to 19,061.13 while the NASDAQ declined 0.38 percent to 5,365.65. The S&P also fell, dropping 0.12 percent to 2,200.26.
Leading and Lagging Sectors
On Wednesday, industrial shares gained by 0.39 percent. Meanwhile, top gainers in the sector included Deere & Company (NYSE: DE ), and Manitowoc Company Inc (NYSE: MTW ).
In trading on Wednesday, utilities shares fell by 0.90 percent. Meanwhile, top losers in the sector included California Water Service Group (NYSE: CWT ), down 7 percent, and MGE Energy, Inc. (NASDAQ: MGEE ), down 6 percent.
Top Headline
Deere & Company (NYSE: DE ) reported better-than-expected fourth-quarter results.
Deere posted Q4 earnings of $0.90 per share, versus analysts' estimates of $0.40 per share. Its revenue came in at $5.65 billion, versus expectations of $5.38 billion.
Equities Trading UP
Euroseas Ltd. (NASDAQ: ESEA ) shares shot up 58 percent to $3.04 after the company reported the purchase of drybulk vessel M/V Capetan Tassos for $4.4 million. The company also announced a deal with a company affiliated with its CEO to draw a $2 million loan to finance working capital needs.
Shares of Medigus Ltd. (NASDAQ: MDGS ) got a boost, shooting up 9 percent to $1.10 after the company reported a distribution agreement with INNOVAMEDICA S.p.A. in Italy.
Deere & Company (NYSE: DE ) shares were also up, gaining 10 percent to $101.48 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday.
Equities Trading DOWN
Cellectar Biosciences Inc (NASDAQ: CLRB ) shares dropped 31 percent to $1.49 after the company reported the pricing of its $8,000,000 public offering.
Shares of Juno Therapeutics Inc (NASDAQ: JUNO ) were down 28 percent to $21.62 as the company disclosed that it has placed JCAR015 Phase II ROCKET trial on clinical hold after 2 patients suffered cerebral edema earlier this week.
Eli Lilly and Co (NYSE: LLY ) was down, falling around 12 percent to $66.72 after the company's drug solanezumab failed to meet primary endpoint for the treatment of mild dementia due to Alzheimer's disease in a late-stage study.
Commodities
In commodity news, oil traded down 0.17 percent to $47.95 while gold traded down 1.94 percent to $1,190.60.
Silver traded down 1.67 percent Wednesday to $16.46, while copper rose 2.05 percent to $2.61.
Eurozone
European shares were mostly lower today. The eurozone's STOXX 600 dropped 0.07 percent, the Spanish Ibex Index fell 0.28 percent, while Italy's FTSE MIB Index rose 0.07 percent. Meanwhile the German DAX dropped 0.48 percent, and the French CAC 40 fell 0.42 percent while U.K. shares fell 0.03 percent.
Economics
The MBA's index of mortgage application activity rose 5.50 percent for the latest week.
U.S. durable goods orders rose 4.80 percent for October, versus analysts' expectations for a 1.50 percent growth.
Initial jobless claims rose 18,000 to 251,000 in the latest week. Economists were expecting claims to increase to 248,000 in the week.
The Markit manufacturing PMI rose to 53.90 for November, versus a prior reading of 53.40. Economists were expecting a reading of 53.40.
New-home sales declined 1.9 percent to annual rate of 563,000 in October. Economists were expecting a 593,000 pace.
The University of Michigan's consumer sentiment index increased to a final reading of 93.8 in November.
Crude supplies dropped by 1.25 million barrels for the week ended November 18, the U.S. Energy Information Administration reported. However, analysts were projecting a 250,000 drop. Gasoline supplies rose 2.32 million barrels, while distillate stockpiles gained 330,000 barrels.
The Treasury will also auction 7-year notes at 1:00 p.m. ET.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eli Lilly and Co (NYSE: LLY ) was down, falling around 12 percent to $66.72 after the company's drug solanezumab failed to meet primary endpoint for the treatment of mild dementia due to Alzheimer's disease in a late-stage study. Midway through trading Wednesday, the Dow traded up 0.20 percent to 19,061.13 while the NASDAQ declined 0.38 percent to 5,365.65. Meanwhile, top gainers in the sector included Deere & Company (NYSE: DE ), and Manitowoc Company Inc (NYSE: MTW ).
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Meanwhile, top gainers in the sector included Deere & Company (NYSE: DE ), and Manitowoc Company Inc (NYSE: MTW ). Deere & Company (NYSE: DE ) shares were also up, gaining 10 percent to $101.48 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday. The eurozone's STOXX 600 dropped 0.07 percent, the Spanish Ibex Index fell 0.28 percent, while Italy's FTSE MIB Index rose 0.07 percent.
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Deere & Company (NYSE: DE ) shares were also up, gaining 10 percent to $101.48 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday. The eurozone's STOXX 600 dropped 0.07 percent, the Spanish Ibex Index fell 0.28 percent, while Italy's FTSE MIB Index rose 0.07 percent. Midway through trading Wednesday, the Dow traded up 0.20 percent to 19,061.13 while the NASDAQ declined 0.38 percent to 5,365.65.
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Deere & Company (NYSE: DE ) shares were also up, gaining 10 percent to $101.48 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday. U.S. durable goods orders rose 4.80 percent for October, versus analysts' expectations for a 1.50 percent growth. Midway through trading Wednesday, the Dow traded up 0.20 percent to 19,061.13 while the NASDAQ declined 0.38 percent to 5,365.65.
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2016-11-23 00:00:00 UTC
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Deere (DE) Q4 Earnings & Revenues Beat but Decline Y/Y
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DE
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https://www.nasdaq.com/articles/deere-de-q4-earnings-revenues-beat-but-decline-y-y-2016-11-23
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Deere & Company 's DE fourth-quarter fiscal 2016 (ended Oct 31, 2016) earnings declined 17% year over year to 90 cents per share. However, earnings beat the Zacks Consensus Estimate of 36 cents by a wide margin of 150%. Global farm recession and weak construction-equipment markets affected both the top and the bottom line of the company.
Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) came in at $5.65 billion, down 5% year over year. Revenues surpassed the Zacks Consensus Estimate of $5.354 billion.
Price realization had an impact of 3% in the quarter and favorable currency-translation impact was 1%. Region-wise, equipment net sales decreased 14% in the U.S. and Canada and 11% in the rest of the world. Total net sales (including financial services and others) were $6.5 billion, down 3% year over year.
FindTheCompany | Graphiq
Cost of sales in the quarter decreased 6% year over year to $4.38 billion. Gross profit in the quarter came in at $1.27 million, down 6% year over year. Selling, administrative and general expenses increased 4% to $747 million. Operating profit improved 2% year over year to $633 million.
Operating income from equipment operations increased 6% year over year to $354 million driven by price realization, partially offset by lower shipment volumes, an impairment charge for international construction and forestry operations as well as higher production costs.
Segment Performance
Agriculture & Turf segment's sales declined 5% year over year to $4.44 billion. Revenues were impacted by lower shipment volumes and price realization, partly compensated by favorable effects of currency translation. However, operating profit at the segment went up 37% year over year to $371 million aided by price realization, lower production costs and lower selling, administrative and general expenses. These were negated by lower shipment volumes, unfavorable effects of foreign-currency exchange and a less favorable product mix.
Construction & Forestry sales went down 5% year over year to $1.21 billion, impacted by lower shipment volumes. The segment reported operating loss of $17 million compared with an operating profit of $64 million in the prior-year quarter. The significant decline was mainly due to higher sales-incentive expenses, an impairment charge for international operations and higher production costs.
Net revenues at Deere's Financial Services division totaled $740 million in the reported quarter, a rise of 13% year over year. The segment's operating profit was $164 million, compared with $226 million in the prior-year quarter. Net income at the segment was $109.8 million compared with $153 million in the year-ago quarter. This decline was due to less-favorable financing spreads, higher losses on lease residual values and a higher provision for credit losses.
DEERE & CO Price, Consensus and EPS Surprise
DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote
Fiscal 2016 Performance
Deere reported earnings per share of $4.81 in fiscal 2016, down 17% year over year but ahead of the Zacks Consensus Estimate of $4.26. Revenues dropped 9% year over year to $23.4 billion but beat the Zacks Consensus Estimate of $23.05 billion. Worldwide net sales in fiscal 2016 were $26.6 billion compared with $28.9 billion in fiscal 2015.
Financial Update
Deere reported cash and cash equivalents of $4.34 billion at the end of fiscal 2016 compared with $4.16 billion at the end of the prior fiscal. The company reported cash from operations of $3.76 billion for fiscal 2016 compared with cash usage of $3.74 billion in fiscal 2015. As of fiscal 2016-end, long-term borrowing totaled $23.8 billion, flat compared with the prior-year fiscal end.
Looking Ahead
Deere projects total equipment sales to decline 4% in first-quarter fiscal 2017 and 1% in fiscal 2017, both on a year-over-year basis. The projection includes a positive currency-translation effect of about 2% for the quarter and 1% for the full year. Deere estimates net sales to dip 1% in fiscal 2017, while net income is expected to be about $1.4 billion.
Segment-wise, Deere anticipates Agriculture and Turf equipment sales to decline 1% in fiscal 2017, including a favorable currency-translation impact of about 1%. Industry sales for agricultural equipment in the U.S. and Canada are expected to be down 5−10% in fiscal 2017 owing to low commodity prices and stagnant farm income that will continue to dent equipment sales.
In the EU28 region, sales will be down 5% due to low commodity prices and farm income. In South America, industry sales of tractors and combines are likely to rise 15% on the back of improving economic and political conditions in Brazil and Argentina. Sales in Asia are projected to be flat to up slightly, triggered by higher sales in India. Deere expects sales growth of turf and utility equipment in the U.S. and Canada to remain flat year over year.
The company foresees global sales for Construction & Forestry equipment to edge up 1%, including a favorable currency-translation effect of about 1%. The outlook for net income from Financial Services has been set at $480 million for fiscal 2017. Lower losses on lease residual values will be partially offset by less-favorable financing spreads and an increased provision for credit losses.
Zacks Rank
At present, Deere carries a Zacks Rank #2 (Buy). Some other similarly ranked stocks in the same sector include ACCO Brands Corporation ACCO , EnerSys ENS and John Bean Technologies Corporation JBT . ACCO Brands Corporation witnessed a 4% increase in earnings estimates in the last 30 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
EnerSys also sports a Zacks Rank #1 and its earnings estimates have also gone up 4% in the last 30 days while John Bean Technologies, another Zacks Rank #1 stock, has seen earnings estimates move north by 2%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Segment-wise, Deere anticipates Agriculture and Turf equipment sales to decline 1% in fiscal 2017, including a favorable currency-translation impact of about 1%. Deere & Company 's DE fourth-quarter fiscal 2016 (ended Oct 31, 2016) earnings declined 17% year over year to 90 cents per share. However, earnings beat the Zacks Consensus Estimate of 36 cents by a wide margin of 150%.
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DEERE & CO Price, Consensus and EPS Surprise DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote Fiscal 2016 Performance Deere reported earnings per share of $4.81 in fiscal 2016, down 17% year over year but ahead of the Zacks Consensus Estimate of $4.26. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company 's DE fourth-quarter fiscal 2016 (ended Oct 31, 2016) earnings declined 17% year over year to 90 cents per share.
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DEERE & CO Price, Consensus and EPS Surprise DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote Fiscal 2016 Performance Deere reported earnings per share of $4.81 in fiscal 2016, down 17% year over year but ahead of the Zacks Consensus Estimate of $4.26. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report JOHN BEAN TECH (JBT): Free Stock Analysis Report ENERSYS INC (ENS): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company 's DE fourth-quarter fiscal 2016 (ended Oct 31, 2016) earnings declined 17% year over year to 90 cents per share.
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Net revenues at Deere's Financial Services division totaled $740 million in the reported quarter, a rise of 13% year over year. Deere estimates net sales to dip 1% in fiscal 2017, while net income is expected to be about $1.4 billion. Deere & Company 's DE fourth-quarter fiscal 2016 (ended Oct 31, 2016) earnings declined 17% year over year to 90 cents per share.
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722544.0
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2016-11-23 00:00:00 UTC
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Midday Update: Dow Anchored to Record High; Healthcare, Tech Weakness Weighs on S&P and Nasdaq
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https://www.nasdaq.com/articles/midday-update-dow-anchored-record-high-healthcare-tech-weakness-weighs-sp-and-nasdaq-2016
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The Dow Jones Industrial Average continues to orbit its new record high with a modest gain, while the S&P 500 and Nasdaq have drifted into the red, weighed down by selling pressure on healthcare and technology shares. After the major benchmark averages all set new record highs on Tuesday, Wall Street is left mostly directionless ahead of the November Federal Open Market Committee minutes this afternoon, and tomorrow's U.S. holiday.
Economic data was mixed as a 4.8% surge in durable goods orders was offset by a greater-than-expected 1.9% drop in new home sales. Excluding the transportation sector, which indicated a 12% increase in orders for October, durable goods rose 1.0%, exceeding expectations for a slight gain of 0.2%.
This morning's other economic data included an 18,000 increase in initial jobless claims to 251,000, beating estimates for a 15,000 gain. And the Federal Housing Finance Agency house price index increased 0.6% in September, slightly below estimates for a 0.7% gain.
The purchasing manager's preliminary November manufacturing index increased to 53.9 -- it's fastest pace of growth since early 2015 -- from October's final 53.4, beating estimates for a gain to just 53.5.
Lastly, the final University of Michigan index of consumer sentiment was revised to 93.6 in November from 91.6 and up from 87.2 in October, reflecting consumers' optimism in the wake of the recent U.S. presidential election.
While the U of MI data resulted in a slight uptick in stock prices, gains were compromised by continued strength in the dollar and reversal in oil futures as traders discount the likelihood for significant production cuts from the Organization of Petroleum Exporting Countries next week.
European stock markets were all lower with retail and housing shares taking the brunt of Wednesday's selling. A downward revision in UK GDP from finance minister Philip Hammond weighed on the FTSE and took Euro-zone markets lower in sympathy.
Crude oil was up $0.08 to $48.13 per barrel. Natural gas was up $0.05 to $3.15 per 1 million BTU. Gold was down $22.10 to $1,189.30 an ounce, while silver was down $0.31 to $16.43 an ounce. Copper was up $0.06 to $2.61 per pound.
Among energy ETFs, the United States Oil Fund was up 0.61% to $10.70 with the United States Natural Gas Fund was up 2.98% to $7.94. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was down 4.71% to 20.54 while SPDR Gold Shares were down 1.84% to $113.41. The iShares Silver Trust was down 1.87% to $15.51.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was down 11.45 points (-0.11%) to 10,808.73
Dow Jones Industrial Index was up 26.78 points (+0.14%) to 19,050.41
S&P 500 was down 2.51 points (-0.11%) to 2,200.52
Nasdaq Composite Index was down 18.17 points (-0.34%) to 5,368.20
GLOBAL SENTIMENT
FTSE 100 was down 2.01 points (-0.03%) to 6,817.71
DAX was down 51.41 points (-0.48%) to 10,662.44
CAC 40 was down 19.14 points (-0.42%) to 4,529.21
Nikkei 225 was Closed
Hang Seng Index was down 1.38 points (-0.006%) to 22,676.69
Shanghai China Composite Index was down 7.22 points (-0.22%) to 3,241.14
NYSE SECTOR INDICES
NYSE Energy Sector Index was up 22.03 points to 11,009.12
NYSE Financial Sector Index was down 6.71 points (-0.10%) to 6,712.14
NYSE Healthcare Sector Index was down 29.32 points (-0.25%) to 11,615.77
UPSIDE MOVERS
(+) MDGS (+20.10%) Reaches 4-year Italian distribution deal for Ultrasonic Surgical Endostapler equipment
(+) DE (+10.10%) Q3 results beat Wall Street estimates
(+) VEEV (+8.97%) Reported better-than-expected Q4 results and issued strong FY17 guidance
DOWNSIDE MOVERS
(-) CLRB (-29.63%) Priced public offering at $1.50 per share, a 30.5% discount from its Tuesday closing price
(-) SKLN (-26.90%) Profit-taking off Tuesday's 120% rally
(-) JUNO (-26.44%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death
(-) NMBL (-14.07%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates
(-) LLY (-11.05%) Will stop developing Alzheimer's drug following a trial failure
(-) URBN (-8.95%) Missed Q3 EPS and revenue estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After the major benchmark averages all set new record highs on Tuesday, Wall Street is left mostly directionless ahead of the November Federal Open Market Committee minutes this afternoon, and tomorrow's U.S. holiday. While the U of MI data resulted in a slight uptick in stock prices, gains were compromised by continued strength in the dollar and reversal in oil futures as traders discount the likelihood for significant production cuts from the Organization of Petroleum Exporting Countries next week. (-) CLRB (-29.63%) Priced public offering at $1.50 per share, a 30.5% discount from its Tuesday closing price (-) SKLN (-26.90%) Profit-taking off Tuesday's 120% rally (-) JUNO (-26.44%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death (-) NMBL (-14.07%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates (-) LLY (-11.05%) Will stop developing Alzheimer's drug following a trial failure (-) URBN (-8.95%) Missed Q3 EPS and revenue 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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And the Federal Housing Finance Agency house price index increased 0.6% in September, slightly below estimates for a 0.7% gain. NYSE Composite Index was down 11.45 points (-0.11%) to 10,808.73 Dow Jones Industrial Index was up 26.78 points (+0.14%) to 19,050.41 S&P 500 was down 2.51 points (-0.11%) to 2,200.52 Nasdaq Composite Index was down 18.17 points (-0.34%) to 5,368.20 NYSE Energy Sector Index was up 22.03 points to 11,009.12 NYSE Financial Sector Index was down 6.71 points (-0.10%) to 6,712.14 NYSE Healthcare Sector Index was down 29.32 points (-0.25%) to 11,615.77
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NYSE Composite Index was down 11.45 points (-0.11%) to 10,808.73 Dow Jones Industrial Index was up 26.78 points (+0.14%) to 19,050.41 S&P 500 was down 2.51 points (-0.11%) to 2,200.52 Nasdaq Composite Index was down 18.17 points (-0.34%) to 5,368.20 NYSE Energy Sector Index was up 22.03 points to 11,009.12 NYSE Financial Sector Index was down 6.71 points (-0.10%) to 6,712.14 NYSE Healthcare Sector Index was down 29.32 points (-0.25%) to 11,615.77 (-) CLRB (-29.63%) Priced public offering at $1.50 per share, a 30.5% discount from its Tuesday closing price (-) SKLN (-26.90%) Profit-taking off Tuesday's 120% rally (-) JUNO (-26.44%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death (-) NMBL (-14.07%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates (-) LLY (-11.05%) Will stop developing Alzheimer's drug following a trial failure (-) URBN (-8.95%) Missed Q3 EPS and revenue estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Dow Jones Industrial Average continues to orbit its new record high with a modest gain, while the S&P 500 and Nasdaq have drifted into the red, weighed down by selling pressure on healthcare and technology shares. The purchasing manager's preliminary November manufacturing index increased to 53.9 -- it's fastest pace of growth since early 2015 -- from October's final 53.4, beating estimates for a gain to just 53.5. After the major benchmark averages all set new record highs on Tuesday, Wall Street is left mostly directionless ahead of the November Federal Open Market Committee minutes this afternoon, and tomorrow's U.S. holiday.
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2016-11-23 00:00:00 UTC
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Mid-Morning Market Update: Markets Mostly Lower; Deere Tops Q4 Views
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DE
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-mostly-lower-deere-tops-q4-views-2016-11-23
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Following the market opening Wednesday, the Dow traded up 0.01 percent to 19,025.45 while the NASDAQ declined 0.51 percent to 5,359.03. The S&P also fell, dropping 0.30 percent to 2,196.41.
Leading and Lagging Sectors
Wednesday morning, industrial shares gained by 0.11 percent. Meanwhile, top gainers in the sector included Deere & Company (NYSE: DE ), and Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS ).
In trading on Wednesday, basic materials shares fell by 1.07 percent. Meanwhile, top losers in the sector included DRDGOLD Ltd. (ADR) (NYSE: DRD ), down 7 percent, and Gold Resource Corporation (NASDAQ: GORO ), down 7 percent.
Top Headline
Deere & Company (NYSE: DE ) reported better-than-expected fourth-quarter results.
Deere posted Q4 earnings of $0.90 per share, versus analysts' estimates of $0.40 per share. Its revenue came in at $5.65 billion, versus expectations of $5.38 billion.
Equities Trading UP
Euroseas Ltd. (NASDAQ: ESEA ) shares shot up 97 percent to $3.81 after the company reported the purchase of drybulk vessel M/V Capetan Tassos for $4.4 million. The company also announced a deal with a company affiliated with its CEO to draw a $2 million loan to finance working capital needs.
Shares of Medigus Ltd. (NASDAQ: MDGS ) got a boost, shooting up 34 percent to $1.36 after the company reported a distribution agreement with INNOVAMEDICA S.p.A. in Italy.
Deere & Company (NYSE: DE ) shares were also up, gaining 9 percent to $100.50 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday.
Equities Trading DOWN
Cellectar Biosciences Inc (NASDAQ: CLRB ) shares dropped 31 percent to $1.49 after the company reported the pricing of its $8,000,000 public offering.
Shares of Juno Therapeutics Inc (NASDAQ: JUNO ) were down 31 percent to $20.64 as the company disclosed that it has placed JCAR015 Phase II ROCKET trial on clinical hold after 2 patients suffered cerebral edema earlier this week.
Eli Lilly and Co (NYSE: LLY ) was down, falling around 12 percent to $66.65 after the company's drug solanezumab failed to meet primary endpoint for the treatment of mild dementia due to Alzheimer's disease in a late-stage study.
Commodities
In commodity news, oil traded down 0.77 percent to $47.66 while gold traded down 1.50 percent to $1,195.90.
Silver traded down 2.03 percent Wednesday to $16.40, while copper fell 0.43 percent to $2.55.
Eurozone
European shares were lower today. The eurozone's STOXX 600 dropped 0.47 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index fell 1.38 percent. Meanwhile the German DAX dropped 0.73 percent, and the French CAC 40 fell 0.61 percent while U.K. shares fell 0.40 percent.
Economics
The MBA's index of mortgage application activity rose 5.50 percent for the latest week.
U.S. durable goods orders rose 4.80 percent for October, versus analysts' expectations for a 1.50 percent growth.
Initial jobless claims rose 18,000 to 251,000 in the latest week. Economists were expecting claims to increase to 248,000 in the week.
The Markit manufacturing PMI rose to 53.90 for November, versus a prior reading of 53.40. Economists were expecting a reading of 53.40.
New-home sales declined 1.9 percent to annual rate of 563,000 in October. Economists were expecting a 593,000 pace.
The University of Michigan's consumer sentiment index increased to a final reading of 93.8 in November.
The Energy Information Administration's weekly report on petroleum inventories will be released at 10:30 a.m. ET.
The EIA's weekly report on natural gas stocks is schedule for release at 12:00 p.m. ET.
The Treasury will also auction 7-year notes at 1:00 p.m. ET.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eli Lilly and Co (NYSE: LLY ) was down, falling around 12 percent to $66.65 after the company's drug solanezumab failed to meet primary endpoint for the treatment of mild dementia due to Alzheimer's disease in a late-stage study. Following the market opening Wednesday, the Dow traded up 0.01 percent to 19,025.45 while the NASDAQ declined 0.51 percent to 5,359.03. Meanwhile, top gainers in the sector included Deere & Company (NYSE: DE ), and Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS ).
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Top Headline Deere & Company (NYSE: DE ) reported better-than-expected fourth-quarter results. Deere & Company (NYSE: DE ) shares were also up, gaining 9 percent to $100.50 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday. The eurozone's STOXX 600 dropped 0.47 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index fell 1.38 percent.
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Deere & Company (NYSE: DE ) shares were also up, gaining 9 percent to $100.50 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday. The eurozone's STOXX 600 dropped 0.47 percent, the Spanish Ibex Index fell 0.35 percent, while Italy's FTSE MIB Index fell 1.38 percent. Following the market opening Wednesday, the Dow traded up 0.01 percent to 19,025.45 while the NASDAQ declined 0.51 percent to 5,359.03.
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Following the market opening Wednesday, the Dow traded up 0.01 percent to 19,025.45 while the NASDAQ declined 0.51 percent to 5,359.03. Deere & Company (NYSE: DE ) shares were also up, gaining 9 percent to $100.50 after the company reported stronger-than-expected profit for its fourth quarter on Wednesday. U.S. durable goods orders rose 4.80 percent for October, versus analysts' expectations for a 1.50 percent growth.
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722546.0
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2016-11-23 00:00:00 UTC
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Pre-Market Most Active for Nov 23, 2016 : LLY, NVO, TGT, MT, BAC, DE, JUNO, BIIB, ERIC, QQQ, XIV, TVIX
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https://www.nasdaq.com/articles/pre-market-most-active-nov-23-2016-lly-nvo-tgt-mt-bac-de-juno-biib-eric-qqq-xiv-tvix-2016
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The NASDAQ 100 Pre-Market Indicator is down -17.96 to 4,855.88. The total Pre-Market volume is currently 27,535,190 shares traded.
The following are the most active stocks for the pre-market session :
Eli Lilly and Company ( LLY ) is -11.69 at $64.30, with 6,253,901 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. The consensus EPS forecast is $0.99. As reported by Zacks, the current mean recommendation for LLY is in the "buy range".
Novo Nordisk A/S ( NVO ) is -0.69 at $31.09, with 3,771,680 shares traded. NVO's current last sale is 88.58% of the target price of $35.1.
Target Corporation ( TGT ) is unchanged at $77.87, with 1,613,315 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2017. The consensus EPS forecast is $1.65. TGT's current last sale is 103.83% of the target price of $75.
ArcelorMittal ( MT ) is -0.22 at $7.43, with 1,254,560 shares traded. MT's current last sale is 92.88% of the target price of $8.
Bank of America Corporation ( BAC ) is +0.12 at $20.42, with 1,241,171 shares traded., following a 52-week high recorded in prior regular session.
Deere & Company ( DE ) is +7.52 at $99.53, with 1,217,381 shares traded., following a 52-week high recorded in prior regular session.
Juno Therapeutics, Inc. ( JUNO ) is -8.4 at $21.48, with 848,584 shares traded. As reported in the last short interest update the days to cover for JUNO is 9.953986; this calculation is based on the average trading volume of the stock.
Biogen Inc. ( BIIB ) is -24.26 at $293.85, with 786,038 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. The consensus EPS forecast is $5.01. As reported by Zacks, the current mean recommendation for BIIB is in the "buy range".
Ericsson ( ERIC ) is -0.09 at $5.09, with 701,064 shares traded. ERIC's current last sale is 104.95% of the target price of $4.85.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.41 at $118.49, with 484,445 shares traded. This represents a 24.94% increase from its 52 Week Low.
VelocityShares Daily Inverse VIX Short Term ETN ( XIV ) is -0.35 at $43.09, with 266,711 shares traded. This represents a 180.53% increase from its 52 Week Low.
VelocityShares Daily 2x VIX Short Term ETN ( TVIX ) is +0.18 at $11.82, with 266,031 shares traded. This represents a 4.23% increase from its 52 Week Low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 following are the most active stocks for the pre-market session : Eli Lilly and Company ( LLY ) is -11.69 at $64.30, with 6,253,901 shares traded. Bank of America Corporation ( BAC ) is +0.12 at $20.42, with 1,241,171 shares traded., following a 52-week high recorded in prior regular session. The total Pre-Market volume is currently 27,535,190 shares traded.
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Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. VelocityShares Daily Inverse VIX Short Term ETN ( XIV ) is -0.35 at $43.09, with 266,711 shares traded. VelocityShares Daily 2x VIX Short Term ETN ( TVIX ) is +0.18 at $11.82, with 266,031 shares traded.
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Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. Target Corporation ( TGT ) is unchanged at $77.87, with 1,613,315 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016.
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The following are the most active stocks for the pre-market session : Eli Lilly and Company ( LLY ) is -11.69 at $64.30, with 6,253,901 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. The total Pre-Market volume is currently 27,535,190 shares traded.
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2016-11-23 00:00:00 UTC
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Stocks Futures Dip on Strong Durable Goods Orders
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https://www.nasdaq.com/articles/stocks-futures-dip-strong-durable-goods-orders-2016-11-23
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Stock futures were mixed ahead of Wednesday's open with the S&P 500 and Nasdaq Composite retreating from Tuesday's record highs but Dow futures two points above fair value as Wall Street reacts to a significantly better-than-expected gain in durable goods orders.
Orders for manufactured goods that last for more than three years soared 4.8% in October, well above expectations for a gain of 1.5%. Excluding transportation orders, durable goods orders increased 1.0% beating estimates for a gain of 0.2%.
Ahead of the first round of today's economic data, futures were straddling the flat line, taking a breather after another record run with profit-taking weighing on the banking and healthcare sectors.
The heavyeconomic calendarcoupled with pre-holiday trading encouraged a lifeless tone early on as traders brace for the November Federal Open Market Committee minutes and the preliminary purchasing managers manufacturing index for November.
-Dow Jones Industrial up 0.03%
-S&P 500 futures down 0.08%
-Nasdaq 100 futures down 0.11%
SENTIMENT
Nikkei Closed
Hang Seng down 0.01%
Shanghai Composite down 0.21%
FTSE-100 up 0.19%
DAX-30 down 0.50%
PRE-MARKET SECTOR WATCH
(-) Large cap tech: Lower
(+) Chip stocks: Higher
(-) Software stocks: Lower
(-) Hardware stocks: Lower
(+/-) Internet stocks: Mixed
(-) Oil stocks: Lower
(-) Biotech stocks: Lower
(-) Drug stocks: Lower
(-) Financial stocks: Lower
(+/-) Retail stocks: Flat
(+) Industrial stocks: Higher
(+/-) Airlines: Flat
(+/-) Autos: Mixed
UPSIDE MOVERS:
(+) DE (+11.07%) Q3 results beat Wall Street estimates
(+) VEEV (+5.15%) Reported better-than-expected Q4 results and issued strong FY17 guidance
(+) GME (+3.65%) Beat Q3 EPS estimates, but issued weak Q4 sales forecast
DOWNSIDE MOVERS:
(-) JUNO (-27.34%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death
(-) LLY (-13.45%) Will stop developing Alzheimer's drug following a trial failure
(-) NMBL (-10.06%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates
(-) URBN (-9.51%) Missed Q3 EPS and revenue estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock futures were mixed ahead of Wednesday's open with the S&P 500 and Nasdaq Composite retreating from Tuesday's record highs but Dow futures two points above fair value as Wall Street reacts to a significantly better-than-expected gain in durable goods orders. (-) JUNO (-27.34%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death (-) LLY (-13.45%) Will stop developing Alzheimer's drug following a trial failure (-) NMBL (-10.06%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates (-) URBN (-9.51%) Missed Q3 EPS and revenue estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Orders for manufactured goods that last for more than three years soared 4.8% in October, well above expectations for a gain of 1.5%.
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(+) DE (+11.07%) Q3 results beat Wall Street estimates (+) VEEV (+5.15%) Reported better-than-expected Q4 results and issued strong FY17 guidance (+) GME (+3.65%) Beat Q3 EPS estimates, but issued weak Q4 sales forecast (-) JUNO (-27.34%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death (-) LLY (-13.45%) Will stop developing Alzheimer's drug following a trial failure (-) NMBL (-10.06%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates (-) URBN (-9.51%) Missed Q3 EPS and revenue estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Stock futures were mixed ahead of Wednesday's open with the S&P 500 and Nasdaq Composite retreating from Tuesday's record highs but Dow futures two points above fair value as Wall Street reacts to a significantly better-than-expected gain in durable goods orders.
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Stock futures were mixed ahead of Wednesday's open with the S&P 500 and Nasdaq Composite retreating from Tuesday's record highs but Dow futures two points above fair value as Wall Street reacts to a significantly better-than-expected gain in durable goods orders. (-) JUNO (-27.34%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death (-) LLY (-13.45%) Will stop developing Alzheimer's drug following a trial failure (-) NMBL (-10.06%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates (-) URBN (-9.51%) Missed Q3 EPS and revenue estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Orders for manufactured goods that last for more than three years soared 4.8% in October, well above expectations for a gain of 1.5%.
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Stock futures were mixed ahead of Wednesday's open with the S&P 500 and Nasdaq Composite retreating from Tuesday's record highs but Dow futures two points above fair value as Wall Street reacts to a significantly better-than-expected gain in durable goods orders. Excluding transportation orders, durable goods orders increased 1.0% beating estimates for a gain of 0.2%. (-) JUNO (-27.34%) Placed phase 2 clinical trial for lymphoblastic leukemia on hold after patient death (-) LLY (-13.45%) Will stop developing Alzheimer's drug following a trial failure (-) NMBL (-10.06%) Q3 results were in-line with expectations, sets Q4 guidance below street estimates (-) URBN (-9.51%) Missed Q3 EPS and revenue 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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2016-11-23 00:00:00 UTC
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Pre-Market Most Active for Nov 23, 2016 : LLY, DE, RDY, NVO, BIIB, ERIC, MT, SNY, JUNO, QQQ, XIV, TVIX
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https://www.nasdaq.com/articles/pre-market-most-active-nov-23-2016-lly-de-rdy-nvo-biib-eric-mt-sny-juno-qqq-xiv-tvix-2016
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The NASDAQ 100 Pre-Market Indicator is down -12.65 to 4,861.19. The total Pre-Market volume is currently 9,642,054 shares traded.
The following are the most active stocks for the pre-market session :
Eli Lilly and Company ( LLY ) is -10.22 at $65.77, with 3,698,726 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. The consensus EPS forecast is $0.99. As reported by Zacks, the current mean recommendation for LLY is in the "buy range".
Deere & Company ( DE ) is +10.79 at $102.80, with 541,974 shares traded. Dow Jones Business News Reports: Deere Signals Better Performance Ahead
Dr. Reddy's Laboratories Ltd ( RDY ) is +0.4623 at $45.43, with 380,000 shares traded. RDY's current last sale is 92.81% of the target price of $48.95.
Novo Nordisk A/S ( NVO ) is -0.66 at $31.12, with 331,612 shares traded., following a 52-week high recorded in prior regular session.
Biogen Inc. ( BIIB ) is -28.11 at $290.00, with 304,772 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. The consensus EPS forecast is $5.01. As reported by Zacks, the current mean recommendation for BIIB is in the "buy range".
Ericsson ( ERIC ) is -0.08 at $5.10, with 290,359 shares traded. ERIC's current last sale is 105.15% of the target price of $4.85.
ArcelorMittal ( MT ) is -0.2 at $7.45, with 279,475 shares traded., following a 52-week high recorded in prior regular session.
Sanofi ( SNY ) is -0.96 at $38.90, with 262,230 shares traded. SNY's current last sale is 76.27% of the target price of $51.
Juno Therapeutics, Inc. ( JUNO ) is -9.48 at $20.40, with 175,631 shares traded. As reported in the last short interest update the days to cover for JUNO is 9.953986; this calculation is based on the average trading volume of the stock.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.18 at $118.72, with 118,344 shares traded. This represents a 25.18% increase from its 52 Week Low.
VelocityShares Daily Inverse VIX Short Term ETN ( XIV ) is -0.23 at $43.21, with 103,906 shares traded. This represents a 181.32% increase from its 52 Week Low.
VelocityShares Daily 2x VIX Short Term ETN ( TVIX ) is +0.11 at $11.75, with 84,669 shares traded. This represents a 3.07% increase from its 52 Week Low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 following are the most active stocks for the pre-market session : Eli Lilly and Company ( LLY ) is -10.22 at $65.77, with 3,698,726 shares traded. Dow Jones Business News Reports: Deere Signals Better Performance Ahead Dr. Reddy's Laboratories Ltd ( RDY ) is +0.4623 at $45.43, with 380,000 shares traded. The total Pre-Market volume is currently 9,642,054 shares traded.
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Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. VelocityShares Daily Inverse VIX Short Term ETN ( XIV ) is -0.23 at $43.21, with 103,906 shares traded. VelocityShares Daily 2x VIX Short Term ETN ( TVIX ) is +0.11 at $11.75, with 84,669 shares traded.
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The total Pre-Market volume is currently 9,642,054 shares traded. The following are the most active stocks for the pre-market session : Eli Lilly and Company ( LLY ) is -10.22 at $65.77, with 3,698,726 shares traded. Juno Therapeutics, Inc. ( JUNO ) is -9.48 at $20.40, with 175,631 shares traded.
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The following are the most active stocks for the pre-market session : Eli Lilly and Company ( LLY ) is -10.22 at $65.77, with 3,698,726 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2016.
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722549.0
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2016-11-23 00:00:00 UTC
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Why Deere & Co. Jumped 10% Today
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DE
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https://www.nasdaq.com/articles/why-deere-co-jumped-10-today-2016-11-23
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Deere jumped today. Image source: Getty Images.
What happened
Shares of Deere & Co. (NYSE: DE) stock leapt more than 10% in Wednesday trading, and were recently spotted up 10.8% over their pre-earnings price at 1:15 p.m. EST -- a new all-time high.
So what
Deere's earnings news this morning wasn't as good as you might think, judging just from the stock-price jump. In fact, fourth-quarter earnings declined 17% year over year, to just $0.90 per share, on a 3% decline in revenues (to $6.5 billion).
While the numbers weren't good, they were much better than Wall Street had expected. Consensus estimates heading into earnings had predicted a much steeper falloff in earnings, to just $0.39 per share. So while Deere earned less last quarter than in the year-ago quarter, it still earned more than twice as much profit as Wall Street had bargained for.
Now what
So far, this has been a bad-news/good-news story. Now here's some really good news: Q1 2017 sales will likely be down about 4% year over year, and 1% for the full fiscal year, but "in spite of continuing weakness in the global agricultural and construction equipment sectors," CEO Samuel R. Allen says Deere is probably going to earn at least $1.4 billion in its just-started fiscal 2017.
One again, this number should be better than the $1.2 billion that Wall Street was expecting. And Allen went on to promise $500 million in "cost reductions" by the end of 2018 -- so next year could be even more profitable than this one.
10 stocks we like better than Deere & Company
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David and Tom just revealed what they believe are the 10 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.
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*Stock Advisor returns as of November 7, 2016
Fool contributorRich Smith does not own shares of, nor is he short, any company named above. You can find him onMotley Fool CAPS, publicly pontificating under the handleTMFDitty, where he currently ranks No. 330 out of more than 75,000 rated members.
The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Deere & Co. (NYSE: DE) stock leapt more than 10% in Wednesday trading, and were recently spotted up 10.8% over their pre-earnings price at 1:15 p.m. EST -- a new all-time high. So what Deere's earnings news this morning wasn't as good as you might think, judging just from the stock-price jump. Deere jumped today.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company. Deere jumped today.
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So while Deere earned less last quarter than in the year-ago quarter, it still earned more than twice as much profit as Wall Street had bargained for. Now here's some really good news: Q1 2017 sales will likely be down about 4% year over year, and 1% for the full fiscal year, but "in spite of continuing weakness in the global agricultural and construction equipment sectors," CEO Samuel R. Allen says Deere is probably going to earn at least $1.4 billion in its just-started fiscal 2017. The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company.
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So what Deere's earnings news this morning wasn't as good as you might think, judging just from the stock-price jump. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Deere & Company wasn't one of them!
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20726fa2-a7fc-4489-ab29-68197637a29d
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722550.0
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2016-11-23 00:00:00 UTC
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Deere & Company (DE) Beats Earnings, Revenues in Q4
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https://www.nasdaq.com/articles/deere-company-de-beats-earnings-revenues-in-q4-2016-11-23
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Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $28.93 billion. It also produces a variety of commercial and consumer equipment; and a broad range of construction and forestry equipment. Deere's financial services primarily provide credit services, which mainly finance sales and leases of equipment by John Deere dealers and trade receivables purchased from the equipment operations.
The company, best known for its John Deere tractors, has been challenged with falling demand for agricultural equipment as lower crop prices take their toll on the U.S farm income. Nevertheless, in the long term the company stands to gain from favorable trends, supported by increasing population and rising living standards. Focus on investments in new products and geographies also remain tailwinds. An increase in non-residential construction spending activity and improvement in political conditions in Brazil will lead to better results. Further, favorable raw material costs as well as lower research and development, and selling, administrative and general expenses will boost margins.
Investors have thus been eagerly awaiting the company's latest earnings report. Let's have a quick look at the Illinois-based company's fourth-quarter fiscal 2016 earnings release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Deere for the fourth quarter fiscal 2016 has been remained stable over the past week and month. Coming to the earnings surprise, Deere has outpaced the Zacks Consensus Estimate in the trailing 4 quarters with an average beat of around 32.16%.
DEERE & CO Price and EPS Surprise
DEERE & CO Price and EPS Surprise | DEERE & CO Quote
Earnings
Deere posted earnings of 90 cents per share in the fourth quarter, beating the Zacks Consensus Estimate of 36 cents by a wide margin of 150%.
Revenues
Deere reported fourth quarter revenues from equipment operations of $5.650 billion, beating the Zacks Consensus Estimate of $5.354 billion.
Outlook
Deere projects total equipment sales to decline 1% year over year in fiscal 2017 and decline 4% in the first quarter of fiscal 2017, compared with year-ago periods. The projection includes a positive currency-translation effect of about 1% for the full year and 2% for the first quarter. For fiscal 2017, Deere expects net sales to dip 1% year over year and projects net income at $1.4 billion.
Zacks Rank
Currently, Deere has a Zacks Rank #2 (Buy) but that could change following Deere's earnings report which was just released.
Market Reaction
Deere shares gained 2.85% in pre-market trading .
Check back later for our full write up on this Deere earnings report later!
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DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company, best known for its John Deere tractors, has been challenged with falling demand for agricultural equipment as lower crop prices take their toll on the U.S farm income. Further, favorable raw material costs as well as lower research and development, and selling, administrative and general expenses will boost margins. Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $28.93 billion.
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DEERE & CO Price and EPS Surprise DEERE & CO Price and EPS Surprise | DEERE & CO Quote Earnings Deere posted earnings of 90 cents per share in the fourth quarter, beating the Zacks Consensus Estimate of 36 cents by a wide margin of 150%. Revenues Deere reported fourth quarter revenues from equipment operations of $5.650 billion, beating the Zacks Consensus Estimate of $5.354 billion. For fiscal 2017, Deere expects net sales to dip 1% year over year and projects net income at $1.4 billion.
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DEERE & CO Price and EPS Surprise DEERE & CO Price and EPS Surprise | DEERE & CO Quote Earnings Deere posted earnings of 90 cents per share in the fourth quarter, beating the Zacks Consensus Estimate of 36 cents by a wide margin of 150%. Revenues Deere reported fourth quarter revenues from equipment operations of $5.650 billion, beating the Zacks Consensus Estimate of $5.354 billion. Zacks Rank Currently, Deere has a Zacks Rank #2 (Buy) but that could change following Deere's earnings report which was just released.
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Deere's financial services primarily provide credit services, which mainly finance sales and leases of equipment by John Deere dealers and trade receivables purchased from the equipment operations. Revenues Deere reported fourth quarter revenues from equipment operations of $5.650 billion, beating the Zacks Consensus Estimate of $5.354 billion. Deere & CompanyDE is the world's leading manufacturer of agricultural machinery with a market capitalization of $28.93 billion.
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722551.0
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2016-11-23 00:00:00 UTC
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What Happened in the Stock Market Today
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https://www.nasdaq.com/articles/what-happened-stock-market-today-2016-11-23
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Image source: Getty Images.
Stocks rose ahead of the Thanksgiving holiday, with both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) adding to their impressive 2016 gains with minor upticks.
Today's stock market:
Data source: Yahoo! Finance.
But it was a rough day for gold, as the precious metal fell below $1,200 per ounce for the first time since February. That slump pushed the VanEck Vectors Gold Miners ETF (NYSEMKT: GDX) down 5% and the highly leveraged Direxion Daily Gold Miners Bull 3X ETF (NYSEMKT: NUGT) lower by 16%.
As for individual stocks, Urban Outfitters (NASDAQ: URBN) and Deere (NYSE: DE) stocks made headlines with unusually large moves following their quarterly earnings announcements.
Urban Outfitters
Urban Outfitters' stock took a step back from its 2016 rally, falling 13% to knock its year-to-date return down to 54%. Shares declined following the retailer's generally solid third-quarter results that showed sales at existing locations improved 1% to continue the expansion pace from the prior quarter. Revenue was again mixed across its portfolio. The Urban Outfitters brand saw a strong 5% comps improvement, while the Free People and Anthropolgie segments shrank.
Image source: Urban Outfitters.
Gross profit growth slowed, with the margin holding steady compared with the prior quarter's 2-percentage-point jump. Management explained that the profitability pinch was mostly due to increased spending in the online sales channel. Overall, though, executives were happy with the operating momentum demonstrated by its third straight quarter of comps growth.
"I am pleased to announce our teams delivered record third-quarter sales," CEO Richard Hayne said in a press release.
Judging by the stock's slump on Wednesday, Wall Street was holding out for more in the way of earnings growth. Sure, investors will want to watch gross profit trends to make sure executives are striking the right balance between sales growth and gross margin. But the company's bigger-picture trajectory of modest sales and profit gains seems intact heading into the retailing industry's most important season.
Deere
Industrial equipment maker Deere is finding ways to profit despite a global farm recession. Sales fell 3% in the quarter that just closed, while net income trounced expectations with its 17% decline to $0.90 per share.
Image source: Getty Images.
Higher equipment prices helped offset lower shipment volumes, and the company also benefited from decreased expenses. Overall, operating profit margin held steady at 7% of sales. With respect to the fiscal year that just closed, CEO Samuel Allen said management was happy with the results. "The company in 2016 had one of its 10 best years in both sales and earnings, a noteworthy achievement in light of the difficult business climate," Allen said in a press release.
Deere expects this cyclical downturn to hurt operating results to a lesser extent than past declines. In fact, their projection for the coming year calls for a 1% drop in sales while net income weighs in at $1.4 billion, 8% below the prior year's result but far better than consensus estimates. Meanwhile, those relatively minor top- and bottom-line slumps imply that the company is making good on its goal of diversifying into a wider mix of revenue streams while adding flexibility into its cost structure. Investors celebrated that progress by pushing shares up to a record high.
10 stocks we like better than Urban Outfitters
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Urban Outfitters wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of November 7, 2016
Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool is short Deere & Company and has the following options: long December 2016 $92 calls on Deere & Company. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks rose ahead of the Thanksgiving holiday, with both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) adding to their impressive 2016 gains with minor upticks. Shares declined following the retailer's generally solid third-quarter results that showed sales at existing locations improved 1% to continue the expansion pace from the prior quarter. Meanwhile, those relatively minor top- and bottom-line slumps imply that the company is making good on its goal of diversifying into a wider mix of revenue streams while adding flexibility into its cost structure.
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Sales fell 3% in the quarter that just closed, while net income trounced expectations with its 17% decline to $0.90 per share. Stocks rose ahead of the Thanksgiving holiday, with both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) adding to their impressive 2016 gains with minor upticks. As for individual stocks, Urban Outfitters (NASDAQ: URBN) and Deere (NYSE: DE) stocks made headlines with unusually large moves following their quarterly earnings announcements.
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As for individual stocks, Urban Outfitters (NASDAQ: URBN) and Deere (NYSE: DE) stocks made headlines with unusually large moves following their quarterly earnings announcements. Stocks rose ahead of the Thanksgiving holiday, with both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) adding to their impressive 2016 gains with minor upticks. Shares declined following the retailer's generally solid third-quarter results that showed sales at existing locations improved 1% to continue the expansion pace from the prior quarter.
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Sales fell 3% in the quarter that just closed, while net income trounced expectations with its 17% decline to $0.90 per share. Stocks rose ahead of the Thanksgiving holiday, with both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) adding to their impressive 2016 gains with minor upticks. As for individual stocks, Urban Outfitters (NASDAQ: URBN) and Deere (NYSE: DE) stocks made headlines with unusually large moves following their quarterly earnings announcements.
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2016-11-22 00:00:00 UTC
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Pre-Market Earnings Report for November 23, 2016 : DE, ICL, TSL, PTNR
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https://www.nasdaq.com/articles/pre-market-earnings-report-november-23-2016-de-icl-tsl-ptnr-2016-11-22
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The following companies are expected to report earnings prior to market open on 11/23/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending October 31, 2016. The farm machinery company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.36. This value represents a 66.67% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 63.16%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for DE is 21.67 vs. an industry ratio of 16.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Israel Chemicals Shs ( ICL ) is reporting for the quarter ending September 30, 2016. The chemical company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 25.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ICL is 11.35 vs. an industry ratio of 19.20.
Trina Solar Limited ( TSL ) is reporting for the quarter ending September 30, 2016. The solar company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.16. This value represents a 23.81% decrease compared to the same quarter last year. TSL missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -27.59%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for TSL is 12.08 vs. an industry ratio of 3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Partner Communications Company Ltd. ( PTNR ) is reporting for the quarter ending September 30, 2016. The wireless (non-us) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.06. This value represents a 700.00% increase compared to the same quarter last year. In the past year PTNR The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for PTNR is 25.33 vs. an industry ratio of 7.70, 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.
The views and 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 October 31, 2016. This value represents a 66.67% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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Zacks Investment Research reports that the 2016 Price to Earnings ratio for DE is 21.67 vs. an industry ratio of 16.90, 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 October 31, 2016. This value represents a 66.67% decrease compared to the same quarter last year.
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Zacks Investment Research reports that the 2016 Price to Earnings ratio for DE is 21.67 vs. an industry ratio of 16.90, 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 October 31, 2016. This value represents a 66.67% decrease compared to the same quarter last year.
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In the past year DE has beat the expectations every quarter. Deere & Company ( DE ) is reporting for the quarter ending October 31, 2016. This value represents a 66.67% decrease compared to the same quarter last year.
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7541bdea-cd53-4090-9f0e-7b63201846dc
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722553.0
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2016-11-21 00:00:00 UTC
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The Best Options Trade for Deere & Co. (DE) Earnings
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https://www.nasdaq.com/articles/best-options-trade-deere-co-de-earnings-2016-11-21
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nan
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On Wednesday, November 23 rd , Deere & Co. (DE) will release its third quarter earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C.
Dave will look at Deere & Co.'s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Deere & Co. ahead of earnings.
Deere & Co. in Focus
Deere & Company is the one world's foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services.
Deere & Co. is expected to report earnings at $0.36 a share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 63.16% at $1.55 per share, beating estimates by $0.60 a share. They have an average earnings surprise of 32.16%.
DEERE & CO Price, Consensus and EPS Surprise
DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote
(Insert Price, Consensus, and EPS Chart)
Bottom Line
How should investors play Deere & Co. ahead of their earnings report? For insights on the best options trades, then tune in at 1:30pm CST this afternoon to see David's thoughts.
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DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Wednesday, November 23 rd , Deere & Co. (DE) will release its third quarter earnings results before the bell. Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Deere & Co. ahead of earnings. Zacks Executive VP, Steve Reitmeister knows which of our experts has the hottest hand and when key trades are about to be triggered.
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DEERE & CO Price, Consensus and EPS Surprise DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote (Insert Price, Consensus, and EPS Chart) Bottom Line How should investors play Deere & Co. ahead of their earnings report? Click to get this free report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. On Wednesday, November 23 rd , Deere & Co. (DE) will release its third quarter earnings results before the bell.
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The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C. Dave will look at Deere & Co.'s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement. Deere & Co. is expected to report earnings at $0.36 a share according to the Zacks Consensus Estimate. DEERE & CO Price, Consensus and EPS Surprise DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote (Insert Price, Consensus, and EPS Chart) Bottom Line How should investors play Deere & Co. ahead of their earnings report?
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Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Deere & Co. ahead of earnings. Deere & Co. is expected to report earnings at $0.36 a share according to the Zacks Consensus Estimate. DEERE & CO Price, Consensus and EPS Surprise DEERE & CO Price, Consensus and EPS Surprise | DEERE & CO Quote (Insert Price, Consensus, and EPS Chart) Bottom Line How should investors play Deere & Co. ahead of their earnings report?
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cef68e8a-c36d-4669-948b-e9d1325f9d9d
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722554.0
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2016-11-19 00:00:00 UTC
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Deere & Co. reports earnings November 23
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DE
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https://www.nasdaq.com/articles/deere-co-reports-earnings-november-23-2016-11-19
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What's Happening
Heavy machinery maker Deere & Co. ( DE ) will report its fiscal fourth quarter results before the market opens on November 23. The consensus calls for earnings of $0.40 per share, down from $1.08 during the same period last year. The stock is up 20.3% on the year.
Technical Analysis
DE was recently trading at $91.77, down $1.22 from its 12-month high and $21.61 above its 12-month low. Technical indicators for DE are bullish and the stock is in a strong upward trend. The stock has recent support above $88.25 and has traded above recent resistance. Of the 17 analysts who cover the stock, five rate it a "strong buy", seven rate it a "hold", and five rate it a "strong sell". The stock receives S&P Capital IQ's 2 STARS "Sell" ranking.
Analyst's Thoughts
Deere & Co. has seen sales and earnings falling in recent quarters amid a slowdown in tractor sales, but the stock got a big boost in the wake of Donald Trump winning the presidential election. Trump has promised to boost federal spending on infrastructure, which would result in increased demand for Deere products. Deere, and its main competitor Caterpillar ( CAT ), both moved strongly higher on the election results, and the overwhelming bullishness should keep strength under the stock moving forward as long as we don't see a huge earnings miss for the company's fourth quarter. Earnings and sales are going to be well below last year's levels, but that has already been priced into the stock, so as long as we see the company post results in-line or better than expected the stock will trend higher. The consensus calls for earnings of $0.40, but analysts are very upbeat on the quarter, and have a whisper number of $0.47 for the quarter, which is the number Wall Street is going to be hoping to see for shares to move higher.
Stock Only Trade
If you're looking to establish a long stock position in DE, consider buying the stock under $92.00. Sell if it falls below $82.50 or take profits if it gets to $105.50.
Bullish Trade
If you want to set up a bullish hedged trade on DE, consider a January 75/80 bull-put credit spread for a 35-cent credit. That's a potential 7.5% return (43.6% annualized*) and the stock would have to fall 12.4% to cause a problem.
Bearish Trade
If you want to take a bearish stance on DE at this time, consider a January 100/105 bear-call credit spread for a 40-cent credit. That's a potential 8.7% return (50.4% annualized*) and the stock would have to rise 9.4% to cause a problem.
Covered Call Trade
If you like the stock, but wish to lower your cost basis on a new position, you may want to consider a January $92.50 covered call. Buy DE shares (typically 100 shares, scale as appropriate), while selling the January $92.50 call for a debit of $88.85 per share. The trade has a target assigned return of 4.1%, and a target annualized return of 24.1% (for comparison purposes only).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.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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What's Happening Heavy machinery maker Deere & Co. ( DE ) will report its fiscal fourth quarter results before the market opens on November 23. Trump has promised to boost federal spending on infrastructure, which would result in increased demand for Deere products. Deere, and its main competitor Caterpillar ( CAT ), both moved strongly higher on the election results, and the overwhelming bullishness should keep strength under the stock moving forward as long as we don't see a huge earnings miss for the company's fourth quarter.
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Analyst's Thoughts Deere & Co. has seen sales and earnings falling in recent quarters amid a slowdown in tractor sales, but the stock got a big boost in the wake of Donald Trump winning the presidential election. Stock Only Trade If you're looking to establish a long stock position in DE, consider buying the stock under $92.00. What's Happening Heavy machinery maker Deere & Co. ( DE ) will report its fiscal fourth quarter results before the market opens on November 23.
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Deere, and its main competitor Caterpillar ( CAT ), both moved strongly higher on the election results, and the overwhelming bullishness should keep strength under the stock moving forward as long as we don't see a huge earnings miss for the company's fourth quarter. Stock Only Trade If you're looking to establish a long stock position in DE, consider buying the stock under $92.00. What's Happening Heavy machinery maker Deere & Co. ( DE ) will report its fiscal fourth quarter results before the market opens on November 23.
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Technical indicators for DE are bullish and the stock is in a strong upward trend. Analyst's Thoughts Deere & Co. has seen sales and earnings falling in recent quarters amid a slowdown in tractor sales, but the stock got a big boost in the wake of Donald Trump winning the presidential election. Deere, and its main competitor Caterpillar ( CAT ), both moved strongly higher on the election results, and the overwhelming bullishness should keep strength under the stock moving forward as long as we don't see a huge earnings miss for the company's fourth quarter.
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654e2b61-e64d-42b0-a2f2-7d9ee7ae6f80
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722555.0
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2016-11-18 00:00:00 UTC
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3 Stocks Warren Buffett Is Selling
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DE
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https://www.nasdaq.com/articles/3-stocks-warren-buffett-selling-2016-11-18
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Warren Buffett's forever-style investing approach has made him one of the planet's wealthiest people and the poster child of long-term investing. His tremendous success over the past 50 years suggests that investors ought to pay attention to what stocks he's buying , but it also suggests that they might want to focus even more on what stocks he's selling. Fortunately, Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A) files a 13F report with the SEC that shows what he's been selling, and according to the most recent filing, Suncor Energy (NYSE: SU) , Wal-Mart Stores (NYSE: WMT) , and Deere & Co. (NYSE: DE) have all fallen out of favor with the Oracle of Omaha.
Read on to learn more about these companies, why Warren Buffett might be selling shares, and whether or not you should follow his footsteps away from the stocks.
SU Net Income (TTM) data by YCharts .
Warren Buffett's decision could also have been influenced by Suncor's spending plans. In June, Suncor diluted investors with a 82.2 million share offering that raised $2.9 billion in capital. Suncor plans on using the money for acquisitions.
Ultimately, Suncor could swing back to a profit if oil and gas prices bounce back. Its M&A (mergers and acquisitions) plans could also pay off long-term. Nevertheless, uncertainty related to both of these factors appears to have convinced Buffett that it's better to wait and watch from the sidelines.
Cooling off on competition
Wal-Mart has been a Warren Buffett holding for years, but he's soured on the stock this past year in the face of rising competition from online retail giant Amazon.com .
Berkshire Hathaway sold 4 million shares of Wal-Mart late last year, another 15 million shares in the second quarter, and an additional 27.3 million shares in the third quarter. The pace of Buffett's selling suggests to me that he plans to sell his remaining 12.9 million shares before the end of this year.
If that's the case, then it marks a seismic shift in his opinion of the company, which has been steadily losing wallet share to online retailers. In a bid to keep those competitors at bay, Wal-Mart has taken a hard line with suppliers lately that may indicate a profit-unfriendly price war is afoot. Now that we're bumping up on the ever-important holiday shopping season, Warren Buffett's selling doesn't add confidence that Wal-Mart can fend off its online rival anytime soon, and that could be reason enough for you to head for the exit too.
Image source: Deere & Co.
Plowing up less profit
Until recently, Warren Buffett had been increasing Berkshire Hathaway's exposure to Deere & Co. However, Warren Buffett used some of Deere's rally this past summer to pare back his stake in the farm-machinery Goliath.
Warren Buffett sold 874,185 shares in Deere & Co. in the third quarter, reducing his stake by 3.98% to 21.1 million shares. Despite the selling, Berkshire Hathaway remains Deere's biggest institutional investor, but that could change if Warren Buffett's outlook on grain prices and farm income shifts, due to the election of Donald Trump as America's next president.
Although Deere & Co. shares are up 22% this year, the company's profit has slumped substantially as farm income has declined to its lowest point since the Great Recession. Through the first nine months of the year, Deere & Co.'s $1.24 billion profit was considerably lower than the $1.59 billion profit it posted in the comparable period of 2015. Deere & Co.'s global equipment sales declined 14% year over year in Q3, suggesting that slowing machinery demand continues to drag on the bottom line.
So far, Warren Buffett has looked beyond this year's slide in demand and profit, toward rising global food demand driven by an increasingly larger population. Now that Trump's secured the White House, Deere's potential to tap into that opportunity might change. The company could benefit from rising infrastructure spending, but a strong dollar and a trade war with China, Mexico, and Canada could offset much, if not all, of that benefit.
Overall, it's anyone's guess how Warren Buffett will weigh these competing factors, so investors will want to keep close tabs on Berkshire Hathaway's 13F over the next couple quarters to see whether his selling accelerates.
Forget the 2016 Election: 10 stocks we like better than Wal-Mart Stores
Donald Trump was just elected president, and volatility is up. But here's why you should ignore the election:
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Wal-Mart Stores wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as ofNovember 7, 2016
Todd Campbell has no position in any stocks mentioned.Todd owns E.B. Capital Markets, LLC. E.B. Capital's clients may have positions in the companies mentioned.Like this article? Follow him on Twitter where he goes by the handle @ebcapitalto see more articles like this.
The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares). The Motley Fool owns shares of Amazon.com.The Motley Fool is short Deere & Company.
Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now that we're bumping up on the ever-important holiday shopping season, Warren Buffett's selling doesn't add confidence that Wal-Mart can fend off its online rival anytime soon, and that could be reason enough for you to head for the exit too. Despite the selling, Berkshire Hathaway remains Deere's biggest institutional investor, but that could change if Warren Buffett's outlook on grain prices and farm income shifts, due to the election of Donald Trump as America's next president. Warren Buffett's forever-style investing approach has made him one of the planet's wealthiest people and the poster child of long-term investing.
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Fortunately, Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A) files a 13F report with the SEC that shows what he's been selling, and according to the most recent filing, Suncor Energy (NYSE: SU) , Wal-Mart Stores (NYSE: WMT) , and Deere & Co. (NYSE: DE) have all fallen out of favor with the Oracle of Omaha. Despite the selling, Berkshire Hathaway remains Deere's biggest institutional investor, but that could change if Warren Buffett's outlook on grain prices and farm income shifts, due to the election of Donald Trump as America's next president. Warren Buffett's forever-style investing approach has made him one of the planet's wealthiest people and the poster child of long-term investing.
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Fortunately, Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A) files a 13F report with the SEC that shows what he's been selling, and according to the most recent filing, Suncor Energy (NYSE: SU) , Wal-Mart Stores (NYSE: WMT) , and Deere & Co. (NYSE: DE) have all fallen out of favor with the Oracle of Omaha. Despite the selling, Berkshire Hathaway remains Deere's biggest institutional investor, but that could change if Warren Buffett's outlook on grain prices and farm income shifts, due to the election of Donald Trump as America's next president. Warren Buffett's forever-style investing approach has made him one of the planet's wealthiest people and the poster child of long-term investing.
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Image source: Deere & Co. Plowing up less profit Until recently, Warren Buffett had been increasing Berkshire Hathaway's exposure to Deere & Co. Warren Buffett's forever-style investing approach has made him one of the planet's wealthiest people and the poster child of long-term investing. Fortunately, Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) (NYSE: BRK-A) files a 13F report with the SEC that shows what he's been selling, and according to the most recent filing, Suncor Energy (NYSE: SU) , Wal-Mart Stores (NYSE: WMT) , and Deere & Co. (NYSE: DE) have all fallen out of favor with the Oracle of Omaha.
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722556.0
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2016-11-17 00:00:00 UTC
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Deere (DE) to Report Q4 Earnings: What's in the Cards?
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DE
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https://www.nasdaq.com/articles/deere-de-to-report-q4-earnings%3A-whats-in-the-cards-2016-11-17
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Deere & CompanyDE is slated to announce fourth-quarter fiscal 2016 results on Nov 23, before the opening bell. Last quarter, Deere's earnings edged up 1.4% while sales fell 14% year over year.
Let's see how things are shaping up prior to this announcement.
Factors At Play
Deere projects total equipment sales to decline 10% year over year in fiscal 2016. For fourth-quarter fiscal 2016, sales are likely to deteriorate about 8% from the year-ago quarter. The projection includes a negative currency translation effect of about 2% for the full year and a positive translation effect of about 1% for the fourth quarter. Market demand for construction equipment continues to soften. Further, a weak oil and gas sector, with the impact most pronounced in the energy-producing regions of the U.S. and Canada will impact Deere's results.
For fiscal 2016, the company anticipates net income to be about $1.35 billion. For 2016, Deere projects price realization of about 1 point, favorable raw material costs, lower pension and OPEB expense, and lower incentive compensation expense. Moreover, research and development expenses will be down about 1%. Additionally, the company anticipates selling, administrative and general expense to be down about 5% for the full year. This is likely to contribute to margin expansion.
Earnings Whispers
Our proven model does not conclusively show that Deere will beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat consensus estimate. But that is not the case here as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate is 0.00% for Deere. This is because both the Most Accurate and the Zacks Consensus Estimate are pegged at 36 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Deere has a Zacks Rank #2. Though a Zacks Rank #2 increases the predictive power of ESP, an ESP of 0.00% makes surprise prediction difficult.
We caution against Sell-rated stocks (Zacks Ranks #4 and 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Surprise History
Deere has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings beat of 32.16%.
DEERE & CO Price and EPS Surprise
DEERE & CO Price and EPS Surprise | DEERE & CO Quote
Stocks That Warrant a Look
Here are some stocks worth considering as our model shows that they have the right combination of elements to post an earnings beat this quarter.
Vail Resorts Inc. MTN has an Earnings ESP of +4.46% and sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Advanced Accelerator Applications S.A. AAAP has an Earnings ESP of +55.56% and also sports a Zacks Rank #1.
Sanderson Farms, Inc. SAFM has an Earnings ESP of +4.48% and flaunts a Zacks Rank #1.
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SANDERSON FARMS (SAFM): Free Stock Analysis Report
VAIL RESORTS (MTN): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
ADV ACCELERATOR (AAAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 & CompanyDE is slated to announce fourth-quarter fiscal 2016 results on Nov 23, before the opening bell. Surprise History Deere has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings beat of 32.16%. Last quarter, Deere's earnings edged up 1.4% while sales fell 14% year over year.
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DEERE & CO Price and EPS Surprise DEERE & CO Price and EPS Surprise | DEERE & CO Quote Stocks That Warrant a Look Here are some stocks worth considering as our model shows that they have the right combination of elements to post an earnings beat this quarter. Click to get this free report SANDERSON FARMS (SAFM): Free Stock Analysis Report VAIL RESORTS (MTN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ADV ACCELERATOR (AAAP): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & CompanyDE is slated to announce fourth-quarter fiscal 2016 results on Nov 23, before the opening bell.
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Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate is 0.00% for Deere. DEERE & CO Price and EPS Surprise DEERE & CO Price and EPS Surprise | DEERE & CO Quote Stocks That Warrant a Look Here are some stocks worth considering as our model shows that they have the right combination of elements to post an earnings beat this quarter. Click to get this free report SANDERSON FARMS (SAFM): Free Stock Analysis Report VAIL RESORTS (MTN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ADV ACCELERATOR (AAAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate is 0.00% for Deere. Deere & CompanyDE is slated to announce fourth-quarter fiscal 2016 results on Nov 23, before the opening bell. Last quarter, Deere's earnings edged up 1.4% while sales fell 14% year over year.
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722557.0
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2016-11-16 00:00:00 UTC
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Notable Wednesday Option Activity: NVTA, DE, LLY
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https://www.nasdaq.com/articles/notable-wednesday-option-activity-nvta-de-lly-2016-11-16
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Invitae Corp (Symbol: NVTA), where a total of 608 contracts have traded so far, representing approximately 60,800 underlying shares. That amounts to about 41.2% of NVTA's average daily trading volume over the past month of 147,550 shares. Especially high volume was seen for the $10 strike put option expiring November 18, 2016 , with 321 contracts trading so far today, representing approximately 32,100 underlying shares of NVTA. Below is a chart showing NVTA's trailing twelve month trading history, with the $10 strike highlighted in orange:
Deere & Co. (Symbol: DE) saw options trading volume of 10,687 contracts, representing approximately 1.1 million underlying shares or approximately 41% of DE's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $75 strike put option expiring December 16, 2016 , with 5,123 contracts trading so far today, representing approximately 512,300 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $75 strike highlighted in orange:
And Eli Lilly & Co. (Symbol: LLY) options are showing a volume of 18,252 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 40.7% of LLY's average daily trading volume over the past month, of 4.5 million shares. Particularly high volume was seen for the $82.50 strike call option expiring January 20, 2017 , with 8,000 contracts trading so far today, representing approximately 800,000 underlying shares of LLY. Below is a chart showing LLY's trailing twelve month trading history, with the $82.50 strike highlighted in orange:
For the various different available expirations for NVTA options , DE options , or LLY 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.
The views and 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 $10 strike put option expiring November 18, 2016 , with 321 contracts trading so far today, representing approximately 32,100 underlying shares of NVTA. Especially high volume was seen for the $75 strike put option expiring December 16, 2016 , with 5,123 contracts trading so far today, representing approximately 512,300 underlying shares of DE. Particularly high volume was seen for the $82.50 strike call option expiring January 20, 2017 , with 8,000 contracts trading so far today, representing approximately 800,000 underlying shares of LLY.
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Below is a chart showing NVTA's trailing twelve month trading history, with the $10 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 10,687 contracts, representing approximately 1.1 million underlying shares or approximately 41% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing DE's trailing twelve month trading history, with the $75 strike highlighted in orange: And Eli Lilly & Co. (Symbol: LLY) options are showing a volume of 18,252 contracts thus far today. Below is a chart showing LLY's trailing twelve month trading history, with the $82.50 strike highlighted in orange: For the various different available expirations for NVTA options , DE options , or LLY 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 Invitae Corp (Symbol: NVTA), where a total of 608 contracts have traded so far, representing approximately 60,800 underlying shares. Below is a chart showing NVTA's trailing twelve month trading history, with the $10 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 10,687 contracts, representing approximately 1.1 million underlying shares or approximately 41% of DE's average daily trading volume over the past month, of 2.6 million shares. Below is a chart showing LLY's trailing twelve month trading history, with the $82.50 strike highlighted in orange: For the various different available expirations for NVTA options , DE options , or LLY options , visit StockOptionsChannel.com.
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Especially high volume was seen for the $10 strike put option expiring November 18, 2016 , with 321 contracts trading so far today, representing approximately 32,100 underlying shares of NVTA. Below is a chart showing NVTA's trailing twelve month trading history, with the $10 strike highlighted in orange: Deere & Co. (Symbol: DE) saw options trading volume of 10,687 contracts, representing approximately 1.1 million underlying shares or approximately 41% of DE's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $82.50 strike call option expiring January 20, 2017 , with 8,000 contracts trading so far today, representing approximately 800,000 underlying shares of LLY.
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722558.0
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2016-11-10 00:00:00 UTC
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How a Donald Trump Presidency Could Affect Caterpillar Inc. Stock
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https://www.nasdaq.com/articles/how-donald-trump-presidency-could-affect-caterpillar-inc-stock-2016-11-10
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Data source: Caterpillar Inc. financials. Chart by author.
Even within its construction industries segment, Caterpillar derives half its sales from outside North America. So while an uptick in construction activity at home should benefit Caterpillar, its turnaround also depends a great deal on how quickly international markets recover.
Foolish takeaway
No one can predict where Trump will take America, but Caterpillar appears to be in safer hands under his administration, provided he's as serious about infrastructure as he sounds. Otherwise, Caterpillar may still have a long road to recovery, as I recently explained . The stock now needs more than just promises and hopes to sustain its rally, especially given how richly valued it already appears to be.
10 stocks we like better than Caterpillar
When investing geniuses David and Tom Gardner have 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.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Caterpillar wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of November 7, 2016
Neha Chamaria has no position in any stocks mentioned. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Even within its construction industries segment, Caterpillar derives half its sales from outside North America. So while an uptick in construction activity at home should benefit Caterpillar, its turnaround also depends a great deal on how quickly international markets recover. Foolish takeaway No one can predict where Trump will take America, but Caterpillar appears to be in safer hands under his administration, provided he's as serious about infrastructure as he sounds.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Even within its construction industries segment, Caterpillar derives half its sales from outside North America.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. Even within its construction industries segment, Caterpillar derives half its sales from outside North America. So while an uptick in construction activity at home should benefit Caterpillar, its turnaround also depends a great deal on how quickly international markets recover.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Even within its construction industries segment, Caterpillar derives half its sales from outside North America.
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3904abaf-5b22-4be6-ae26-571a0c2d1e06
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722559.0
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2016-11-08 00:00:00 UTC
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The Zacks Analyst Blog Highlights: iShares Core S&P 500 ETF, iShares Gold ETF, Northrop Grumman, iShares Aerospace & Defense ETF and Deere
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For Immediate Release
Chicago, IL - November 08, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iShares Core S&P 500 ETF (NYSEARCA: IVV - Free Report) , iShares Gold ETF(NYSEARCA: IAU - Free Report) , Northrop Grumman (NYSE: NOC - Free Report),iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ) and Deere (NYSE: DE - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Clinton or Trump, These Stocks and ETFs Will Win
The presidential election is now just a day away and the tightening race has put investors on edge. The new email probe announced by the FBI added more uncertainty to the outcome and even though Hillary has been "cleared' by them now, a lot of damage to her campaign has already been done.
Before the disclosure, Hillary Clinton had a comfortable lead over Trump in almost all polls but the lead has shrunk over the past few days and the latest Wall Street Journal/NBC survey shows Clinton leading Trump by just four points 44% to 40% nationally.
Many other polls also show Clinton ahead of Trump but the lead is within the margin of error. And, investors are also reluctant to rely on the polls after the Brexit vote. (Read: Clinton Gets Past FBI Investigation: ETFs in Focus )
The market had earlier priced in a Clinton victory but investors have become jittery as Trump started gaining in the homestretch of the presidential race.
That's the main reason why stocks sold-off over the past few days. They are rallying today the FBI found no "wrongdoing" by Clinton.
Many nervous investors are hedging their portfolios for a possible sharp sell-off if Trump wins the election. (Read: ETFs to Watch if Trump Makes it to White House )
Some sectors will fare better under Hillary and others may prosper if Trump wins the election. So, it is time that the investors take a look at their portfolios and be prepared to realign their portfolios for the result of the election.
Clinton and Trump strongly disagree on most policy issues but there are a few issues that they actually agree on and those areas of the market will likely do well no matter what happens tomorrow.
Long-Term Winner: Broader Stock Market
Most analysts expect a big market sell-off if Trump wins and a moderate relief rally if Clinton wins. A sell-off could be an opportunity for long-term investors to buy high-quality stocks and ETFs.
Remember, the longer-term direction of the stock market will be determined by the economy and monetary policy. The US economic outlook has clearly been brightening of late and It appears likely now that earnings growth will be positive this quarter after five consecutive quarters of decline. (Read: 7 Inverse ETFs to Play Election Uncertainty )
Many statements/promises made by candidates on the campaign trail may just turn out to be campaign rhetoric and not be followed up by any policy imitative.
Even if Trump wins the election, it's not going to be easy for him to get congressional support for building walls or blocking trade. The US constitution ensures limits on president's freedom of action.
So, if you are a long-term investor, buy iShares Core S&P 500 ETF (NYSEARCA: IVV - Free Report) , which is an ultra-cheap (expense ratio just 4 basis points) way of getting diversified exposure to all S&P 500 companies.
Gold
Most analysts agree that a Trump victory would be bullish for gold. Per HSBC , gold prices could surge to $1500 an ounce by the end of 2016, up ~16% from the current levels, if Trump wins the election. In addition to greater geopolitical risks that a Trump win entails, higher government spending and protectionist trade policies would also benefit the metal.
According to HSBC, a Clinton presidency would also benefit gold though to a lesser degree. They believe that Hillary also "taken a progressively more protectionist and less free trade stance" which could send gold to $1,400 by the end of this year.
Take a look at iShares Gold ETF(NYSEARCA: IAU - Free Report) which provides a low-cost (expense ratio 25 basis) of gaining exposure to gold.
Infrastructure and Defense
Both Clinton and Trump have expressed enthusiasm for lifting defense spending. Take a look at top-ranked defense stocks like Northrop Grumman (NYSE: NOC - Free Report) or ETFs like iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ).
Infrastructure spending may also get a boost no matter who occupies the White House next year. Hillary has a $275 billion plan to improve US infrastructure over the next five years. This included $25 billion to capitalize a federal infrastructure bank.
Trump has said he'll spend more than $500 billion to rebuild infrastructure and will finance the spending with debt. His plan however lacks details.
Stocks like Deere (NYSE: DE - Free Report) are worth a look.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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ISHARS-SP500 (IVV): ETF Research Reports
ISHARS-GOLD TR (IAU): ETF Research Reports
ISHARS-US AEROS (ITA): ETF Research Reports
DEERE & CO (DE): Free Stock Analysis Report
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are highlights from Monday's Analyst Blog: Clinton or Trump, These Stocks and ETFs Will Win The presidential election is now just a day away and the tightening race has put investors on edge. In addition to greater geopolitical risks that a Trump win entails, higher government spending and protectionist trade policies would also benefit the metal. Stocks recently featured in the blog include iShares Core S&P 500 ETF (NYSEARCA: IVV - Free Report) , iShares Gold ETF(NYSEARCA: IAU - Free Report) , Northrop Grumman (NYSE: NOC - Free Report),iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ) and Deere (NYSE: DE - Free Report) .
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Stocks recently featured in the blog include iShares Core S&P 500 ETF (NYSEARCA: IVV - Free Report) , iShares Gold ETF(NYSEARCA: IAU - Free Report) , Northrop Grumman (NYSE: NOC - Free Report),iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ) and Deere (NYSE: DE - Free Report) . Take a look at top-ranked defense stocks like Northrop Grumman (NYSE: NOC - Free Report) or ETFs like iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ). Click to get this free report ISHARS-SP500 (IVV): ETF Research Reports ISHARS-GOLD TR (IAU): ETF Research Reports ISHARS-US AEROS (ITA): ETF Research Reports DEERE & CO (DE): Free Stock Analysis Report NORTHROP GRUMMN (NOC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include iShares Core S&P 500 ETF (NYSEARCA: IVV - Free Report) , iShares Gold ETF(NYSEARCA: IAU - Free Report) , Northrop Grumman (NYSE: NOC - Free Report),iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ) and Deere (NYSE: DE - Free Report) . Get the full Report on IVV - FREE Get the full Report on IAU - FREE Get the full Report on NOC - FREE Get the full Report on ITA - FREE Get the full Report on DE - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report ISHARS-SP500 (IVV): ETF Research Reports ISHARS-GOLD TR (IAU): ETF Research Reports ISHARS-US AEROS (ITA): ETF Research Reports DEERE & CO (DE): Free Stock Analysis Report NORTHROP GRUMMN (NOC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include iShares Core S&P 500 ETF (NYSEARCA: IVV - Free Report) , iShares Gold ETF(NYSEARCA: IAU - Free Report) , Northrop Grumman (NYSE: NOC - Free Report),iShares Aerospace & Defense ETF(NYSEARCA: ITA - Free Report ) and Deere (NYSE: DE - Free Report) . Here are highlights from Monday's Analyst Blog: Clinton or Trump, These Stocks and ETFs Will Win The presidential election is now just a day away and the tightening race has put investors on edge. The new email probe announced by the FBI added more uncertainty to the outcome and even though Hillary has been "cleared' by them now, a lot of damage to her campaign has already been done.
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2016-11-08 00:00:00 UTC
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2 Top Rubber Stocks to Buy Today
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Times have been tough for rubber stocks, including rubber industry leader Goodyear Tire & Rubber (NASDAQ: GT) , as of late. However, rubber stocks have one thing going for them: they're quite impervious to disruption. Electric cars may disrupt the automobile industry, but they'll still have to run on tires (which are made mostly of rubber). This of course goes hand in hand with a lack of astronomical growth. All this being said, this doesn't mean that rubber stocks are poor investments. Quite the contrary, in fact.
The rubber industry today is mature and fairly concentrated; the top dogs -- Bridgestone, Michelin, and Goodyear -- together account for about 60% of the market. For this reason, wild gains or losses in market share are unlikely. With this key insight in mind, let's dive into the top buys in the rubber industry today.
CTB Gross Profit Margin (Annual) data by YCharts
Despite all this, and despite the fact that it has no original equipment manufacturer (OEM) business to speak of, Cooper is a worthy competitor. It makes good products at good prices, and its truck tires are considered superb. Best of all, it's selling at a very reasonable price of just under 10 times last year's earnings. With only $300 million in debt and $400 million in cash, its balance sheet is very strong.
One thing to watch out for is whether it can expand in China. You may have heard a while back about its CCT joint venture which ended up derailing a very possible merger with the Indian manufacturer Apollo Tyres. That joint venture ended with CCT buying out the Cooper stake. But Cooper is back with another joint venture, this time with a certain GRT (Qingdao Ge Rui Da Rubber). Let's hope they get it right this time.
A missed opportunity?
When you're an active investor, it's important to be always looking, and I'm kicking myself for missing Titan International (NYSE: TWI) when it sold for less than three dollars a share back in January. Now the stock is at $10 (a three-bagger in less than a year!), and the value proposition is not what it once was.
Unlike Cooper, Titan is not a tiremaker for cars but rather for the big machines that you find in the agricultural, earthmoving, and construction industries. Therefore it's subject to very different conditions from those faced by a Cooper, which is basically an auto parts maker. Titan's customers are OEMs like Deere , Caterpillar , and AGCO , and if you haven't heard already, the agriculture and mining sectors are in a major cyclical rut. The business of Titan was low margin to start with, and the last two years have been even worse with operating losses and impairments. The good news, however, is that in its field, Titan has commanding market share. It owns 75% of the market in off-the-road (OTR) wheels (it makes wheels and undercarriages as well as tires) and 40% of the market in OTR tires.
If you're long-term bullish about farming and farming equipment, especially in emerging markets, then Titan is worth a hard look. In terms of financial strength, it has about $300 million in net debt and did about $45 million last year in EBITDA and $64 million in operating cash. It's not ideal, but I think the company will survive.
Disruption Unlikely
In his best-selling book, The Innovator's Dilemma , Clayton Christensen distinguishes between sustaining innovations and disruptive innovations. A disruptive innovation creates a new market and a new value network, while sustaining innovations improve on existing capabilities. In the rubber/tire industry, the one and only disruptive innovation was synthetic rubber. Everything else, including online sales, has been basically sustaining. All in all, this is good news for tire-makers, as it decreases the likelihood of their product becoming suddenly obsolete. Unless the vehicle of the future is a wheelless one, tire companies aren't going away anytime soon.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
Benjamin Ra has no position in any stocks mentioned. The Motley Fool owns shares of ExxonMobil. The Motley Fool is short John Deere. The Motley Fool recommends Titan International. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CTB Gross Profit Margin (Annual) data by YCharts Despite all this, and despite the fact that it has no original equipment manufacturer (OEM) business to speak of, Cooper is a worthy competitor. Titan's customers are OEMs like Deere , Caterpillar , and AGCO , and if you haven't heard already, the agriculture and mining sectors are in a major cyclical rut. Times have been tough for rubber stocks, including rubber industry leader Goodyear Tire & Rubber (NASDAQ: GT) , as of late.
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Times have been tough for rubber stocks, including rubber industry leader Goodyear Tire & Rubber (NASDAQ: GT) , as of late. That joint venture ended with CCT buying out the Cooper stake. Electric cars may disrupt the automobile industry, but they'll still have to run on tires (which are made mostly of rubber).
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Times have been tough for rubber stocks, including rubber industry leader Goodyear Tire & Rubber (NASDAQ: GT) , as of late. It owns 75% of the market in off-the-road (OTR) wheels (it makes wheels and undercarriages as well as tires) and 40% of the market in OTR tires. Electric cars may disrupt the automobile industry, but they'll still have to run on tires (which are made mostly of rubber).
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Times have been tough for rubber stocks, including rubber industry leader Goodyear Tire & Rubber (NASDAQ: GT) , as of late. Electric cars may disrupt the automobile industry, but they'll still have to run on tires (which are made mostly of rubber). CTB Gross Profit Margin (Annual) data by YCharts Despite all this, and despite the fact that it has no original equipment manufacturer (OEM) business to speak of, Cooper is a worthy competitor.
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2016-11-02 00:00:00 UTC
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Agree To Buy Deere & Co. At $65, Earn 3.6% Using Options
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Investors eyeing a purchase of Deere & Co. (Symbol: DE) shares, but tentative about paying the going market price of $88.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $65 strike, which has a bid at the time of this writing of $2.35. Collecting that bid as the premium represents a 3.6% return against the $65 commitment, or a 3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).
Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $65 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Deere & Co. sees its shares decline 26.4% and the contract is exercised (resulting in a cost basis of $62.65 per share before broker commissions, subtracting the $2.35 from $65), the only upside to the put seller is from collecting that premium for the 3% annualized rate of return.
Interestingly, that annualized 3% figure actually exceeds the 2.7% annualized dividend paid by Deere & Co., based on the current share price of $88.60. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 26.39% to reach the $65 strike price.
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Deere & Co., looking at the dividend history chart for DE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.7% annualized dividend yield.
Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $65 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2018 put at the $65 strike for the 3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 253 trading day closing values as well as today's price of $88.60) to be 26%. For other put options contract ideas at the various different available expirations, visit the DE Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 526,679 contracts, with call volume at 640,979, for a put:call ratio of 0.82 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today .
Top YieldBoost Puts 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.
The views and 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 eyeing a purchase of Deere & Co. (Symbol: DE) shares, but tentative about paying the going market price of $88.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $65 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2018 put at the $65 strike for the 3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 253 trading day closing values as well as today's price of $88.60) to be 26%.
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Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $65 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2018 put at the $65 strike for the 3% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Deere & Co. (considering the last 253 trading day closing values as well as today's price of $88.60) to be 26%.
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Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $65 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2018 put at the $65 strike for the 3% annualized rate of return represents good reward for the risks. Investors eyeing a purchase of Deere & Co. (Symbol: DE) shares, but tentative about paying the going market price of $88.60/share, might benefit from considering selling puts among the alternative strategies at their disposal.
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Below is a chart showing the trailing twelve month trading history for Deere & Co., and highlighting in green where the $65 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2018 put at the $65 strike for the 3% annualized rate of return represents good reward for the risks. Investors eyeing a purchase of Deere & Co. (Symbol: DE) shares, but tentative about paying the going market price of $88.60/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to DE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised.
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2016-10-29 00:00:00 UTC
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Stanley Druckenmiller Investment Style: What Made This Macro Investor a Hedge Fund Billionaire
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https://www.nasdaq.com/articles/stanley-druckenmiller-investment-style-what-made-macro-investor-hedge-fund-billionaire
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You don't become a billionaire investing in the markets without considerable skill. Hedge fund billionaire Stanley Druckenmiller has the necessary skill and while his trading-driven approach to investing isn't how we do things at The Motley Fool, looking to Druckenmiller's unique past is still both interesting and educational.
Billionaire investor Stanley Druckenmiller, who founded and led Duquesne Capital and was a protege and longtime colleague of superinvestor George Soros, has established a long track record of profiting from macroeconomic trends, and his presentation on U.S. monetary policy from earlier this year, "The Endgame," has generated controversy worldwide.
Zerohedge.com said Druckenmiller's presentation "may have been his most bearish fire and brimstone sermon yet ... Druckenmiller said that while the Fed and policymakers have no endgame, markets do -- hinting that one is rapidly approaching ... " Forbes reported that Druckenmiller recommended gold.
Investors will want a peek at the stocks Druckenmiller holds, but before we get to that, let's examine the path he took to minting his hedge fund billions.
Inside Druckenmiller's investing style
Druckenmiller's journey to investing greatness certainly didn't follow a traditional path. After graduating from Bowdoin College with a degree in economics, Druckenmiller left his studies toward a Ph.D. in economics at the University of Michigan in 1977 for a position as an oil analyst at Pittsburgh National Bank, the forerunner of today's PNC Financial Services Group .
A star in the making, Druckenmiller rose to become the bank's head of research within a year of joining the company. From there, Druckenmiller founded Duquesne Capital in 1981, the hedge fund he would oversee in various capacities until his official retirement from professional money management in 2010. In 1988, Druckenmiller began his professional relationship with George Soros at the latter's Quantum Fund, for which Soros is best-known.
Soros and Druckenmiller employ a similar top-down style of investing. In its most basic form, top-down investing involves trading long or short positions in stocks, bonds, futures, and currencies based on one's views of likely macroeconomic changes. By far, the best-known example of Druckenmiller and Soros' top-down investing style was their combined effort to short the British pound sterling in 1992. This single trade, in which the inherent instability of the fixed exchange rate between the British pound and the German deutschmank was broken by short-selling from hedge funds, reportedly netted Soros a $1 billion personal gain.
Druckenmiller also served as the portfolio manager for other notable short-selling efforts, including correct bets against many East Asian currencies ahead of the Asian financial crisis in 1997.
Analyzing Druckenmiller's portfolio
Even though Druckenmiller retired from professional fund management years ago, the hedge fund guru still maintains a family office to manage his fortune. Per SEC rules, any fund with over $100 million in assets under management must file a Form 13F each quarter. Given Druckenmiller's personal fortune is estimated at $4.4 billion, his Duquesne Family Office provides investors with a snapshot into Druckenmiller's investing thinking. Here are his top 10 long public equity holdings as of the end of June.
Data source: SEC filings.
It's critical to note that Druckenmiller's macroeconomics-driven investment style involves using a mix of securities and long and short exposure. Thus, you should assume that this is not a complete representation of his investment views or positions. Some of these long equity positions could easily be part of more sophisticated trades.
That being said, the overarching theme that shines through here is Druckenmiller's bullishness on beaten-down commodity stocks. In fact, Halliburton (NYSE: HAL) , Freeport-McMoRan (NYSE: FCX) , Deere & Company (NYSE: DE) , and Alcoa (NYSE: AA) are all cyclical stocks that have underperformed the S&P 500 to varying degrees over the past two years.
DE data by YCharts .
However, the first-half rebound in many commodity prices has helped ignite a rally in shares of cyclical, commodity-driven companies. On average, shares of Halliburton, Alcoa, Deere & Co., and Freeport-McMoRan have risen 23.4% year to date.
This analysis also merits a brief word of caution. Druckenmiller's investing style is that of a top-down trader, someone who moves in and out of his holdings as opportunities dictate. The Form 13F that detailed Druckenmiller's above holdings represents a snapshot of his portfolio over three months ago. Druckenmiller could have already sold his stakes in Deere, Halliburton, Alcoa, Freeport-McMoRan, or any of the other stocks detailed here.
Either way, the fact that Druckenmiller was able to identify and presumably profit from this year's rally in commodity prices is just one more example of a unique skill set that made this macro trader a billionaire. His investing style doesn't necessarily jive with The Motley Fool's long-term buy-and-hold approach, but it is certainly interesting to explore.
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Andrew Tonner has no position in any stocks mentioned. The Motley Fool owns shares of and recommends AMZN and FB. The Motley Fool owns shares of FCX and HAL. The Motley Fool is short DE. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Billionaire investor Stanley Druckenmiller, who founded and led Duquesne Capital and was a protege and longtime colleague of superinvestor George Soros, has established a long track record of profiting from macroeconomic trends, and his presentation on U.S. monetary policy from earlier this year, "The Endgame," has generated controversy worldwide. This single trade, in which the inherent instability of the fixed exchange rate between the British pound and the German deutschmank was broken by short-selling from hedge funds, reportedly netted Soros a $1 billion personal gain. You don't become a billionaire investing in the markets without considerable skill.
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In fact, Halliburton (NYSE: HAL) , Freeport-McMoRan (NYSE: FCX) , Deere & Company (NYSE: DE) , and Alcoa (NYSE: AA) are all cyclical stocks that have underperformed the S&P 500 to varying degrees over the past two years. You don't become a billionaire investing in the markets without considerable skill. Billionaire investor Stanley Druckenmiller, who founded and led Duquesne Capital and was a protege and longtime colleague of superinvestor George Soros, has established a long track record of profiting from macroeconomic trends, and his presentation on U.S. monetary policy from earlier this year, "The Endgame," has generated controversy worldwide.
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Inside Druckenmiller's investing style Druckenmiller's journey to investing greatness certainly didn't follow a traditional path. You don't become a billionaire investing in the markets without considerable skill. Billionaire investor Stanley Druckenmiller, who founded and led Duquesne Capital and was a protege and longtime colleague of superinvestor George Soros, has established a long track record of profiting from macroeconomic trends, and his presentation on U.S. monetary policy from earlier this year, "The Endgame," has generated controversy worldwide.
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You don't become a billionaire investing in the markets without considerable skill. Billionaire investor Stanley Druckenmiller, who founded and led Duquesne Capital and was a protege and longtime colleague of superinvestor George Soros, has established a long track record of profiting from macroeconomic trends, and his presentation on U.S. monetary policy from earlier this year, "The Endgame," has generated controversy worldwide. Zerohedge.com said Druckenmiller's presentation "may have been his most bearish fire and brimstone sermon yet ... Druckenmiller said that while the Fed and policymakers have no endgame, markets do -- hinting that one is rapidly approaching ... " Forbes reported that Druckenmiller recommended gold.
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722563.0
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2016-10-27 00:00:00 UTC
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LECO Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
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https://www.nasdaq.com/articles/leco-named-top-25-safe-dividend-stock-increasing-payments-decades-2016-10-27
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Lincoln Electric Holdings, Inc. (Symbol: LECO) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel , Lincoln Electric Holdings, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 1.00% of the SPDR S&P Dividend ETF ( SDY ), which holds $141,027,088 worth of LECO shares.
Lincoln Electric Holdings, Inc. (Symbol: LECO) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S . Solid return - hefty yield and strong DividendRank characteristics; A. Accelerating amount - consistent dividend increases over time; F . Flawless history - never a missed or lowered dividend; E. Enduring - at least two decades of dividend payments.
The annualized dividend paid by Lincoln Electric Holdings, Inc. is $1.40/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/28/2016. Below is a long-term dividend history chart for LECO, which the report stressed as being of key importance.
LECO operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. ( ITW ), and Deere & Co. ( DE ).
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lincoln Electric Holdings, Inc. (Symbol: LECO) has been named to the Dividend Channel ''S.A.F.E. Below is a long-term dividend history chart for LECO, which the report stressed as being of key importance. LECO operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. ( ITW ), and Deere & Co. ( DE ).
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Lincoln Electric Holdings, Inc. (Symbol: LECO) has been named to the Dividend Channel ''S.A.F.E. Lincoln Electric Holdings, Inc. (Symbol: LECO) made the "Dividend Channel S.A.F.E. Dividend Stocks Increasing Payments For Decades » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report. According to the ETF Finder at ETF Channel , Lincoln Electric Holdings, Inc. is a member of the iShares S&P 1500 Index ETF ( ITOT ), and is also an underlying holding representing 1.00% of the SPDR S&P Dividend ETF ( SDY ), which holds $141,027,088 worth of LECO shares. Dividend Stocks Increasing Payments For Decades » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lincoln Electric Holdings, Inc. (Symbol: LECO) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report. Lincoln Electric Holdings, Inc. (Symbol: LECO) made the "Dividend Channel S.A.F.E.
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722564.0
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2016-10-26 00:00:00 UTC
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3 Infrastructure Stocks To Buy Before Election Day (CMI, DE, WEC)
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DE
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https://www.nasdaq.com/articles/3-infrastructure-stocks-to-buy-before-election-day-cmi-de-wec-2016-10-26
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
No matter who wins the November election, infrastructure stocks should get a bounce. We'll talk best plays in a minute - but first, let's recap the rhetoric.
Clinton says she'll push for a five-year $275 billion plan that, with loans and leverage, would total up to $500 billion. Trump says he'll double that.
Of course I wouldn't buy any stock based on a politician's promise alone. But many industrial companies pay yields at the high end of their historical averages.
Some are compelling values, especially when you consider that the global manhunt for yield has driven most payout percentages down near multi-year lows rather than highs.
CNBC called me up last week to ask for three infrastructure ideas.
You can watch the full clip here - and if you're interested in more details, please read on for my full take.
9 Stocks That Have No More Profits Left for You
Here are my 3 infrastructure-focused dividend growers….
Infrastructure Stocks To Buy Before Election Day: Cummins Inc. (CMI)
" Cummins Inc. ( CMI ) - didn't they just post a sales decline?" host Pauline Chiou smartly observed.
Yes, they did I explained. Which is the best time to buy the heavy-duty engine maker - because if you wait for sales to rebound, you'll miss the stocks' rebound too!
Demand for Cummins' products is cyclical, and this is its third revenue downturn in the last ten years. Each previous downturn has been a good time to buy CMI:
Buy CMI on Revenue Declines
The perennial worry that investors have regarding Cummins - especially during downturns in trucking - is that manufacturers will eventually produce these engines in-house. Navistar International Corp ( NAV ) recently tried, spent a bunch of money, and ended up sticking with Cummins. These concerns tend to be overblown.
Also, management is quite adept at generating gobs of free cash flow (FCF) regardless of top line action. Cummins has generated significant FCF growth over the last decade, which has powered impressive 1,000% dividend growth!
CMI's Cash Machine Keeps Humming and Growing
Today's dividend is still less than half of FCF. The company should have no problem paying its investors during this cyclical downturn.
And the stock already yields 3.3% today, nearly its highest payout since the financial crisis.
My second stock pick, is a bit underrated when it comes to infrastructure…
Infrastructure Stocks To Buy Before Election Day: Deere & Company (DE)
In 2015, $6 billion of Deere & Company's ( DE ) $26 billion in sales were generated from the construction industry - with agriculture representing the rest.
Speaking of which, the best time to buy Deere is when corn, wheat and soybean prices are low. Troughs in ag prices tend to mark troughs in Deere's profits - and share price:
When Corn is Cheap, Deere is Cheap
Corn and wheat are languishing near 10-year lows. But low prices tend to be the cure for low prices, as farmers cut back acreage and reduce supply. It's only a matter of time before grain prices - and Deere's share price - rallies.
Like Cummins, Deere has improved its cash flow generation through all points of its business cycle. Grain prices last peaked in 2007, but the company raked in nearly twice as much cash in 2013 and 2014 than it did at the top of the last ag bull market:
Deere's Improved Net Cash Flow
Management will use excess cash to boost its payout and buy back shares if its stock remains cheap. Deere pays 2.8% today.
The Top 10 S&P 500 Dividend Stocks to Buy Now
Finally I let Pauline and her viewers in on a secure dividend secret. In a world of expensive utilities, it's one of the only names worth buying today.
Infrastructure Stocks To Buy Before Election Day: WEC Energy Group Inc (WEC)
WEC Energy Group Inc ( WEC ) has grown its dividend an amazing 330% over the last 10 years, and its total stock return hasn't been far behind:
330% Dividend Growth Drives 300% Returns
WEC generates more than 99% of its profits from regulated operations, which means they're protected even if energy prices fall again . Multi-year infrastructure projects will help the utility grow earnings at 5-7% annually beyond 2016 - twice as fast as many of its peers.
Its dividend (and stock price) should grow at the same rate. Which means you can buy WEC for a 3.4% yield today - a slightly better payout than the slower growing Utilities SPDR ( XLU ) - and see 5% to 7% annual stock gains. That's an 8.4% to 10.4% annual return that's about as secure as they get.
But What If You Need More Income NOW?
There is one problem with these three stocks - their current yields are still relatively low if you're actually trying to retire on dividend income alone.
A $1 million portfolio will only earn you $32,000 or so in dividend income annually invested in these shares.
A million bucks gets you Bernie Sanders' $15 minimum wage in retirement. How sad.
The solution that financial advisors pitch is a "4% withdrawal rate". These guys (who have not successfully retired yet themselves, by the way) say that you should supplement your dividend income by withdrawing 4% or so annually from your capital basis. Sounds good on paper but it's often bad news in reality due to some disastrous market math.
You're forced to withdraw money at exactly the wrong time. The dividend is fine, but you need to sell shares for additional income. Remember the benefits of dollar cost averaging that built your retirement portfolio? This is the same phenomenon, but in reverse!
With a 4% withdrawal portfolio, you sell more shares of stock when prices are low, and less when prices are high . Not good - it's actually a recipe for running out of money.
If you're worried about a stock market pullback or crash - and I don't blame you with equities near record-high valuations - then we need to transition your portfolio away from the casino of stock prices into the steady staircase of dividends.
The secure solution? Create a portfolio that can actually generate meaningful income . Ditch the stocks that pay you like you're making lattes for a living, and secure yourself a 2-3X pay raise while still keeping your capital intact to boot.
I'm talking about issues that pay 7% or even 8% or better. It is possible to bank $80,000 per year on a million bucks, and never have to tap principal. You just have to know where to look. Click here, and I'll share my three favorite stealth "no withdrawal" income plays.
More From InvestorPlace
7 Tech Stocks That Will Ride Healthcare to Riches
7 Stocks to Buy That Will Grow by Double Digits
The post 3 Infrastructure Stocks To Buy Before Election Day (CMI, DE, WEC) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some are compelling values, especially when you consider that the global manhunt for yield has driven most payout percentages down near multi-year lows rather than highs. Navistar International Corp ( NAV ) recently tried, spent a bunch of money, and ended up sticking with Cummins. CNBC called me up last week to ask for three infrastructure ideas.
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My second stock pick, is a bit underrated when it comes to infrastructure… Infrastructure Stocks To Buy Before Election Day: Deere & Company (DE) In 2015, $6 billion of Deere & Company's ( DE ) $26 billion in sales were generated from the construction industry - with agriculture representing the rest. Troughs in ag prices tend to mark troughs in Deere's profits - and share price: When Corn is Cheap, Deere is Cheap Corn and wheat are languishing near 10-year lows. Infrastructure Stocks To Buy Before Election Day: WEC Energy Group Inc (WEC) WEC Energy Group Inc ( WEC ) has grown its dividend an amazing 330% over the last 10 years, and its total stock return hasn't been far behind: 330% Dividend Growth Drives 300% Returns WEC generates more than 99% of its profits from regulated operations, which means they're protected even if energy prices fall again .
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My second stock pick, is a bit underrated when it comes to infrastructure… Infrastructure Stocks To Buy Before Election Day: Deere & Company (DE) In 2015, $6 billion of Deere & Company's ( DE ) $26 billion in sales were generated from the construction industry - with agriculture representing the rest. Infrastructure Stocks To Buy Before Election Day: WEC Energy Group Inc (WEC) WEC Energy Group Inc ( WEC ) has grown its dividend an amazing 330% over the last 10 years, and its total stock return hasn't been far behind: 330% Dividend Growth Drives 300% Returns WEC generates more than 99% of its profits from regulated operations, which means they're protected even if energy prices fall again . More From InvestorPlace 7 Tech Stocks That Will Ride Healthcare to Riches 7 Stocks to Buy That Will Grow by Double Digits The post 3 Infrastructure Stocks To Buy Before Election Day (CMI, DE, WEC) appeared first on InvestorPlace .
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Deere pays 2.8% today. There is one problem with these three stocks - their current yields are still relatively low if you're actually trying to retire on dividend income alone. Some are compelling values, especially when you consider that the global manhunt for yield has driven most payout percentages down near multi-year lows rather than highs.
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722565.0
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2016-10-24 00:00:00 UTC
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Caterpillar Pre Earnings: Another Challenging Quarter For Caterpillar?
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https://www.nasdaq.com/articles/caterpillar-pre-earnings-another-challenging-quarter-caterpillar-2016-10-24
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Caterpillar ( CAT ) will declare its Q2'16 earning results on October 25th. We expect mid to low single digit growth in earnings due to about 21% increase in crude oil prices in Q3'16 and company's restructuring efforts which were announced in September 2015. We expect the construction equipment sales to remain weak due to lower used equipment prices worldwide and uncertainty in global economy from Brexit vote and sluggish growth in China. Although, Caterpillar's restructuring efforts have started to pay off, they are likely to be offset by slower GDP growth of developed economies and less construction starts in the U.K. where Caterpillar has significant sales.
Construction equipment sales to remain weak as North America market declines
Exports of U.S. made construction equipment declined by 24% year on year in the first half of 2016 primarily due to stronger U.S. dollar. Slowdown of China and lower commodity prices have also contributed to the decline in equipment sales. U.S. Agricultural equipment exports to Canada and and Central America declined by 23% and 7% respectively in the first half of 2016.This trend is likely to spill over to Q3 results.
Additionally, United Kingdom's vote in favor of Brexit has added some amount of uncertainty in the markets which may have slightly negative impact on Caterpillar's 2016 earnings, as a significant chunk of its revenues comes from United Kingdom. The company employs about 10% of its total workforce in the U.K. itself along with 1 R&D facility. China has not recovered completely from its economic slowdown which may impact Caterpillar's sales negatively. This is evident from the fact that world's Economic Impact Index declined from 46.7 points in Q3'15 to 44.0 in Q1'16 and has continued its decline. We believe that Caterpillar's revenues are likely to be negatively impacted from these events as about 45% of its total sales comes from EMEA and Asia pacific region.
Resource, Energy and Transportation industry may see marginal increase in revenues
Crude oil prices surged by 21.5% in Q3'2016 as Organization of Petroleum Exporting Countries (OPEC) finally concluded that they will cap their combined oil production between 32.5 and 33 million barrels per day. Although this triggered an oil price surge, Iran and others may not commit to it as the final agreement has not been signed yet. Iran may resist again as it emerged from years of international sanctions in January 2016.
Improved oil prices are likely to strengthen oil and gas industry resulting in increased revenues for Caterpillar's Resource, Energy and transportation division. However, the increase will be marginal in this quarter as the uncertainty over oil prices continues. Thus, we forecast 13.8% decline in overall revenues of Caterpillar for full year 2016 due to company's weak performance in first half of 2016, weak construction and uncertainty over crude oil prices .
Restructuring and cost reduction
Caterpillar's EBITDA has declined by 27.5% since 2013 and stood at $6.7 billion in 2015. If the company executes its cost reduction plan effectively, we estimate $0.7 billion reduction in costs by the end of 2016. Under its restructuring plan, Caterpillar has already cut about 16000 jobs, and expects facility consolidations and closures to impact about 20 of its facilities and 10% of its manufacturing square footage since September 2015.
Despite these efforts, Caterpillar was not able to offset its revenue decline in the first half of 2016, but we may see improved margins in Q3'16. We expect company's overall EBITDA margin to decline from 14.3% in 2015 to 13.6% by 2017, but recover thereafter to reach 14.0% by 2020 due to revenue revival and cost rationalization.
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis of Caterpillar
View Interactive Institutional Research (Powered by Trefis):
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 expect mid to low single digit growth in earnings due to about 21% increase in crude oil prices in Q3'16 and company's restructuring efforts which were announced in September 2015. We expect company's overall EBITDA margin to decline from 14.3% in 2015 to 13.6% by 2017, but recover thereafter to reach 14.0% by 2020 due to revenue revival and cost rationalization. Caterpillar ( CAT ) will declare its Q2'16 earning results on October 25th.
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We expect the construction equipment sales to remain weak due to lower used equipment prices worldwide and uncertainty in global economy from Brexit vote and sluggish growth in China. Construction equipment sales to remain weak as North America market declines Exports of U.S. made construction equipment declined by 24% year on year in the first half of 2016 primarily due to stronger U.S. dollar. Resource, Energy and Transportation industry may see marginal increase in revenues Crude oil prices surged by 21.5% in Q3'2016 as Organization of Petroleum Exporting Countries (OPEC) finally concluded that they will cap their combined oil production between 32.5 and 33 million barrels per day.
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Construction equipment sales to remain weak as North America market declines Exports of U.S. made construction equipment declined by 24% year on year in the first half of 2016 primarily due to stronger U.S. dollar. Thus, we forecast 13.8% decline in overall revenues of Caterpillar for full year 2016 due to company's weak performance in first half of 2016, weak construction and uncertainty over crude oil prices . Caterpillar ( CAT ) will declare its Q2'16 earning results on October 25th.
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We expect mid to low single digit growth in earnings due to about 21% increase in crude oil prices in Q3'16 and company's restructuring efforts which were announced in September 2015. Construction equipment sales to remain weak as North America market declines Exports of U.S. made construction equipment declined by 24% year on year in the first half of 2016 primarily due to stronger U.S. dollar. Caterpillar ( CAT ) will declare its Q2'16 earning results on October 25th.
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2016-10-19 00:00:00 UTC
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3 Stocks to Supplement Your Social Security Benefits
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DE
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https://www.nasdaq.com/articles/3-stocks-supplement-your-social-security-benefits-2016-10-19
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Last year the average retired worker received just $1,342 per month in Social Security benefits. Few people could stretch this sum far enough to make ends meet, yet nearly half of elderly couples rely on Social Security benefits for a majority of their total retirement income.
Social Security provides a solid foundation, but stocks that pay steadily increasing dividends are the best bricks for building a retirement castle. Shares of Amgen (NASDAQ: AMGN) , Deere & Co. (NYSE: DE) , and McDonald's (NYSE: MCD) all offer dividend yields above the average stock in the S&P 500 . More importantly, they're well positioned to supplement your benefits with increasing payments for years to come.
No. 1: Amgen Inc.
Fear of political backlash over escalating prices has depressed drugmaker stocks across the board. Shares of blue-chip biotech Amgen have been trading at just 16.7 times trailing earnings, offering a dividend yield around 2.5%. With the average stock in the S&P 500 sporting a trailing PE ratio around 24.3, and a 2.15% dividend yield, it's too cheap to ignore.
While sales growth has been steady over the past five years, Amgen's focus on efficiency has allowed operating profits to grow a stunning 112.3%. It's been using its profits to grow its dividend at a blazing pace, while building a stable of potential new blockbusters (drugs that generate over $1 billion in annual sales) that includes a next-generation cholesterol drug that could add more than $4 billion annually to its top line.
AMGN Revenue (TTM) data by YCharts
Over the past three years, Amgen increased its dividend at an outstanding 29.9% annual growth rate. Despite the rapid raises, it used just 36.3% of profits recorded over the past year to make payments. Dividend-to-profit payout ratios around 60% to 70% are generally considered sustainable, which which gives this company plenty of room for more big hikes in the years ahead.
No. 2: Deere & Co.
The world's population is steadily rising, but available farmland isn't. Deere & Co. has benefited from the constant need for increased agricultural efficiency for generations. With an iconic brand, and an enormous network of equipment dealers, it's well positioned to continue growing, with some dips along the way.
Heavy equipment sales are fairly cyclical, and Deere is in a rut along with its industry peers. While the company increased its dividend 114% since 2010, the quarterly payout has been frozen at $0.60 per share since 2015. At recent prices, the stock offers a nice 2.8% yield at a comfortable 48.5% payout ratio.
DE data by YCharts
This isn't the first time Deere has kept its payout steady during a downturn, and it probably won't be the last. If you're nervous about putting your chips on green and yellow, consider the stock's performance over the past 30 years. Investors that held on through several difficult cycles watched their dividend payments rise 56-fold, and a 20-fold increase in their principal investment probably made riding out the downturns much easier.
No. 3: McDonald's
If you can't digest cyclical growth, perhaps the 41-year track record of increased dividend payments at McDonald's will whet your appetite. The company suffered a revenue freefall in recent years but remains one of the world's most recognizable brands. With 36,000 locations, the leading restaurant chain also enjoys economies of scale that allow it to profit at price points its smaller competitors can't match. These competitive advantages, and a plan to refranchise 4,000 restaurants by the end of 2018, should allow it to continue raising payments throughout your retirement.
Signs that the company's turnaround plans are working are easy to spot. Sales have stopped plummeting despite losing some revenue from newly refranchised stores. Toward the bottom line, operating expenses in the first half fell enough to allow a 12% increase in operating income over the same period last year.
MCD Revenue (TTM) data by YCharts
McDonald's recently raised its quarterly dividend about 6% to $0.94 per share, and at recent prices the stock offers a nice 3.3% forward yield.
Looking ahead, McDonald's might not be able to boost payments at the same pace as Amgen, or Deere, but steady raises shouldn't be too difficult. A trailing payout ratio of 68.8% is sustainable, and massive share repurchases will make quarterly payments less burdensome going forward.
The Social Security Administration does increase benefits to keep pace with inflation, but those increases pale in comparison with the pay raises these three companies have shown they can deliver. Whether you've already retired or have decades to go, these dividend stocks could make your golden years a lot more enjoyable.
The $15,834 Social Security bonus most retirees completely overlook
If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $15,834 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how to learn more about these strategies.
Cory Renauer has no position in any stocks mentioned. You can follow Cory on Twitter, @TMFang4apples , or LinkedIn for more insight.
The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Few people could stretch this sum far enough to make ends meet, yet nearly half of elderly couples rely on Social Security benefits for a majority of their total retirement income. Investors that held on through several difficult cycles watched their dividend payments rise 56-fold, and a 20-fold increase in their principal investment probably made riding out the downturns much easier. Social Security provides a solid foundation, but stocks that pay steadily increasing dividends are the best bricks for building a retirement castle.
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Shares of Amgen (NASDAQ: AMGN) , Deere & Co. (NYSE: DE) , and McDonald's (NYSE: MCD) all offer dividend yields above the average stock in the S&P 500 . AMGN Revenue (TTM) data by YCharts Over the past three years, Amgen increased its dividend at an outstanding 29.9% annual growth rate. MCD Revenue (TTM) data by YCharts McDonald's recently raised its quarterly dividend about 6% to $0.94 per share, and at recent prices the stock offers a nice 3.3% forward yield.
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Shares of Amgen (NASDAQ: AMGN) , Deere & Co. (NYSE: DE) , and McDonald's (NYSE: MCD) all offer dividend yields above the average stock in the S&P 500 . AMGN Revenue (TTM) data by YCharts Over the past three years, Amgen increased its dividend at an outstanding 29.9% annual growth rate. MCD Revenue (TTM) data by YCharts McDonald's recently raised its quarterly dividend about 6% to $0.94 per share, and at recent prices the stock offers a nice 3.3% forward yield.
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Despite the rapid raises, it used just 36.3% of profits recorded over the past year to make payments. Looking ahead, McDonald's might not be able to boost payments at the same pace as Amgen, or Deere, but steady raises shouldn't be too difficult. Few people could stretch this sum far enough to make ends meet, yet nearly half of elderly couples rely on Social Security benefits for a majority of their total retirement income.
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722567.0
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2016-10-15 00:00:00 UTC
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Looking to Beat Inflation? Check Out These 3 Stocks
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https://www.nasdaq.com/articles/looking-beat-inflation-check-out-these-3-stocks-2016-10-15
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Inflation hasn't been much of a problem for investors lately, but low unemployment could signal that inflation will begin rearing its ugly head, and if it does, investors will want to have a plan in place. We asked some of our top Motley Fool's top contributors to offer up stocks they'll be buying if inflation accelerates, and they think any inflation-beating plan ought to include owning these three companies.
Read on to see if these inflation-beaters are right for your portfolio.
How you can outrun inflation
Dan Caplinger: The best investments to beat inflation are in companies that have the pricing power to pass on any increases in their cost structure on to consumers. That requires having a strong brand, and athletic shoe and apparel maker Nike (NYSE: NKE) has built up a global empire with one of the top 20 most valuable brands in the world, according to the latest rankings from Interbrand. Nike routinely sports gross margin figures in the 40% to 50% range, taking full advantage of its premium reputation to bring in more revenue from its customers.
With production costs that are just a fraction of what it actually charges consumers, Nike can actually turn inflation into a profit opportunity. If a company can manufacture something for $25 that it sells for $100, and inflation increases its costs by 10%, then it will have to bear an additional $2.50 per unit in costs. However, a 10% increase in its retail price to reflect inflation would boost total revenue by $10 per unit, resulting in an addition $7.50 per unit in potential profit.
In reality, few companies aim to profit from inflation. For Nike, though, this protection from the impact of inflation can help it maintain its profit levels while retaining its reputation as the premier manufacturer of sports apparel and footwear in the market.
A rebound in grains could spark shares
Todd Campbell : If you're looking to own stocks that can benefit from inflation, you might want to consider picking up shares in agriculture machinery giant Deere & Co (NYSE: DE) .
Demand for Deere's equipment has fallen as agriculture prices have languished, and as a result, the company's earnings per share have fallen 16% through the first nine months of its fiscal 2016.
U.S. Producer Price Index: Farm Products: Corn data by YCharts .
However, that could change if grains prices perk up, farmer income rebounds, and farmers begin investing in equipment again.
Admittedly, there's not much evidence of that happening (yet). Grain prices remain at multiyear lows, and farm income this year is expected to be the lowest since 2009. But that doesn't mean better times aren't around the corner for farmers. After all, a larger and wealthier global population provides significant long-term tailwinds for crops.
Perhaps a potential pick-up in prices tied to this backdrop is why Deere's shares are outpacing the S&P 500 this year. Deere's stock has returned 16.5%, while the S&P 500 ETF has returned 6.4% year to date.
Despite the run-up in shares, though, there could still be plenty more upside ahead, especially since cost-cutting moves during these lean times should make the company more profitable when inflation causes demand to perk up.
Image source: ExxonMobil.
A commodity giant
Jamal Carnette : Numerous studies show that stock prices are positively correlated with inflation, which is a fancy way of saying if one goes up, so does the other. However, not all stocks are created equally in this regard. The companies best suited for an inflationary environment are those who are able to raise the prices of their products and services but control their input costs, including labor and raw materials. ExxonMobil (NYSE: XOM) would be a stock to outperform in an inflationary environment.
The key driver of ExxonMobil's revenue is the price of oil and gas, inflation-sensitive commodities. Unfortunately for the company, the dis-inflationary environment has really put a drag on returns this year. Since 2004, the price of crude oil has fallen from $100 per barrel to its current value of $50. Throughout the first six months of 2016, the company reported a year-over-year revenue decrease of 25% and a EPS drop of 62%.
During this period, the company has committed to paying the dividend, even increasing the payout 2.7% over last year's total, and it has committed to cutting non-essential costs. As a result of the stock's recent slide and dividend increases, the company currently yields 3.4%, a rate 90 basis points above the current 30-year Treasury. In the event inflation and economic activity increase, ExxonMobil will be positioned to reward investors.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early, in-the-know investors! To be one of them, just click here .
Dan Caplinger has no position in any stocks mentioned. Jamal Carnette has no position in any stocks mentioned. Todd Campbell has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Nike. The Motley Fool owns shares of ExxonMobil. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the run-up in shares, though, there could still be plenty more upside ahead, especially since cost-cutting moves during these lean times should make the company more profitable when inflation causes demand to perk up. We asked some of our top Motley Fool's top contributors to offer up stocks they'll be buying if inflation accelerates, and they think any inflation-beating plan ought to include owning these three companies. A rebound in grains could spark shares Todd Campbell : If you're looking to own stocks that can benefit from inflation, you might want to consider picking up shares in agriculture machinery giant Deere & Co (NYSE: DE) .
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We asked some of our top Motley Fool's top contributors to offer up stocks they'll be buying if inflation accelerates, and they think any inflation-beating plan ought to include owning these three companies. A rebound in grains could spark shares Todd Campbell : If you're looking to own stocks that can benefit from inflation, you might want to consider picking up shares in agriculture machinery giant Deere & Co (NYSE: DE) . Demand for Deere's equipment has fallen as agriculture prices have languished, and as a result, the company's earnings per share have fallen 16% through the first nine months of its fiscal 2016.
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We asked some of our top Motley Fool's top contributors to offer up stocks they'll be buying if inflation accelerates, and they think any inflation-beating plan ought to include owning these three companies. A rebound in grains could spark shares Todd Campbell : If you're looking to own stocks that can benefit from inflation, you might want to consider picking up shares in agriculture machinery giant Deere & Co (NYSE: DE) . Demand for Deere's equipment has fallen as agriculture prices have languished, and as a result, the company's earnings per share have fallen 16% through the first nine months of its fiscal 2016.
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A rebound in grains could spark shares Todd Campbell : If you're looking to own stocks that can benefit from inflation, you might want to consider picking up shares in agriculture machinery giant Deere & Co (NYSE: DE) . Demand for Deere's equipment has fallen as agriculture prices have languished, and as a result, the company's earnings per share have fallen 16% through the first nine months of its fiscal 2016. We asked some of our top Motley Fool's top contributors to offer up stocks they'll be buying if inflation accelerates, and they think any inflation-beating plan ought to include owning these three companies.
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2016-10-14 00:00:00 UTC
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Lindsay Corp (LNN) in Focus: Stock Adds 11% in Session
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https://www.nasdaq.com/articles/lindsay-corp-lnn-in-focus%3A-stock-adds-11-in-session-2016-10-14
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Lindsay CorporationLNN was a big mover last session, as its shares rose a little more than 11% on the day. The move came after the company reported better-than-expected fiscal 2016 fourth-quarter results on Oct 13. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $69.30 to $73.98 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lindsay Corp currently carries a Zacks Rank #4 (Sell).
LINDSAY CORP Price
LINDSAY CORP Price | LINDSAY CORP Quote
A better-ranked stock in the mach-farm space is Deere & Company DE , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is LNN going up? Or down? Predict to see what others think: Up or Down
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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DEERE & CO (DE): Free Stock Analysis Report
LINDSAY CORP (LNN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. LINDSAY CORP Price LINDSAY CORP Price | LINDSAY CORP Quote A better-ranked stock in the mach-farm space is Deere & Company DE , which sports a Zacks Rank #1 (Strong Buy). Predict to see what others think: Up or Down Confidential from Zacks Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public?
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LINDSAY CORP Price LINDSAY CORP Price | LINDSAY CORP Quote A better-ranked stock in the mach-farm space is Deere & Company DE , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down Confidential from Zacks Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public?
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LINDSAY CORP Price LINDSAY CORP Price | LINDSAY CORP Quote A better-ranked stock in the mach-farm space is Deere & Company DE , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down Confidential from Zacks Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public?
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Click to get this free report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. LINDSAY CORP Price LINDSAY CORP Price | LINDSAY CORP Quote A better-ranked stock in the mach-farm space is Deere & Company DE , which sports a Zacks Rank #1 (Strong Buy). Predict to see what others think: Up or Down Confidential from Zacks Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public?
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722569.0
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2016-10-14 00:00:00 UTC
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Lindsay Corp (LNN) Q4 Earnings Beat on Top-Line Growth
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https://www.nasdaq.com/articles/lindsay-corp-lnn-q4-earnings-beat-on-top-line-growth-2016-10-14
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Lindsay CorporationLNN reported fourth-quarter fiscal 2016 (ended Aug 31, 2016) adjusted earnings of 73 cents per share, reversing its prior-year quarter's loss of 28 cents per share. Earnings also outperformed the Zacks Consensus Estimate of 44 cents. Better-than-expected results were driven by improvement in both irrigation and infrastructure revenues. Shares of Lindsay rose around 11% to close at $76.93 on Oct 13.
The irrigation equipment manufacturer reported revenues of $133 million, ahead of the Zacks Consensus Estimate of $114 million. Revenues increased around 8% to $133 million from the year-ago quarter.
U.S. irrigation revenues went up 5% year over year to $57.3 million reflecting an increase in irrigation system unit volume with comparable pricing to prior year, along with a modest increase in other irrigation component revenues. International irrigation revenues edged up 1% to $42.6 million, including a 2% unfavorable currency impact. Increased sales in certain international project-oriented markets were offset by declines in Brazil and other markets. Total irrigation equipment revenues increased 3% year over year to $99.9 million.
Infrastructure revenues improved 24% to $33 million owing to higher Road Zipper System sales and higher unit volumes in road safety products.
Operational Update
Cost of operating revenues increased 3% year over year to $93 million. Gross profit surged 19% to $40 million from $33 million in the year-ago quarter. Gross margin was 30.1%, up 300 basis points (bps) from the prior-year quarter, driven by improved margin in the infrastructure segment while irrigation segment margin was consistent with prior year. Strong infrastructure margin resulted from an increase in higher-margin Road Zipper System sales as well as improved product mix and volume leverage from road safety product sales.
Operating expenses went down 9% year over year to $28 million in the quarter. The company posted an operating profit of $12 million, a substantial improvement from $2.8 million in the year-ago quarter. Operating margin stood at 9%, a 680 bps improvement from 2.2% in the prior year quarter.
Lindsay's backlog as of Aug 31, 2016, was $50.7 million compared with $48 million as of Aug 31, 2015.
LINDSAY CORP Price, Consensus and EPS Surprise
LINDSAY CORP Price, Consensus and EPS Surprise | LINDSAY CORP Quote
Fiscal 2016 Performance
Lindsay reported earnings per share of $1.85 in fiscal 2016, down 17% from $2.22 in the prior fiscal and also falling short of the Zacks Consensus Estimate. Revenues were at $516 billion, down 8% year over year. Revenues however surpassed the Zacks Consensus Estimate of $498 million.
Financial Position
Lindsay had cash and cash equivalents of $101 million as of Aug 31, 2016, compared with $139 million as of Aug 31, 2015. The company reported cash flow of $33 million for fiscal 2016, compared with $48.7 million in prior fiscal. Lindsay had long-term debt of $117 million at the fiscal 2016 end, flat year over year.
During the fiscal 2016, the company repurchased a total of 688,790 shares for $48.3 million. As of Aug 31, 2016, shares worth around $63.7 million remained under the company's buyback program.
Outlook
Even though Lindsay witnessed increase in irrigation revenues in the quarter, the irrigation market remains challenging as lower commodity prices and farm income continue to restrain demand for its irrigation products. On the other hand, activity in the infrastructure market is improving which will benefit its infrastructure business.
Estimated record production for both corn and soybeans from the fall harvest in the U.S. will exert downward pressure on commodity prices. The company thus remains cautious and does not anticipate any meaningful improvement in the overall irrigation market in fiscal 2017. The company meanwhile will continue to manage its cost structure while investing in productivity improvement and selected growth initiatives. Long-term trends remain positive for Lindsay owing to increased agricultural production for the growing population, higher food production, efficient water use and infrastructure upgrades, and expansion.
Lindsay currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks in the sector include Deere & Company DE , Caterpillar Inc. CAT and AGCO Corporation AGCO . Deere & Company delivered an average positive earnings surprise of 32.16% in the last four quarters. The company carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Caterpillar carries Zacks Rank #2 (Buy) and has also delivered an average positive earnings surprise of 5.20% in the past four quarters. AGCO Corporation, another Zacks Rank #2 stock has an average positive earnings surprise of 62.51% in the past four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
AGCO CORP (AGCO): Free Stock Analysis Report
LINDSAY CORP (LNN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Caterpillar carries Zacks Rank #2 (Buy) and has also delivered an average positive earnings surprise of 5.20% in the past four quarters. Lindsay CorporationLNN reported fourth-quarter fiscal 2016 (ended Aug 31, 2016) adjusted earnings of 73 cents per share, reversing its prior-year quarter's loss of 28 cents per share. U.S. irrigation revenues went up 5% year over year to $57.3 million reflecting an increase in irrigation system unit volume with comparable pricing to prior year, along with a modest increase in other irrigation component revenues.
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Click to get this free report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay CorporationLNN reported fourth-quarter fiscal 2016 (ended Aug 31, 2016) adjusted earnings of 73 cents per share, reversing its prior-year quarter's loss of 28 cents per share. U.S. irrigation revenues went up 5% year over year to $57.3 million reflecting an increase in irrigation system unit volume with comparable pricing to prior year, along with a modest increase in other irrigation component revenues.
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U.S. irrigation revenues went up 5% year over year to $57.3 million reflecting an increase in irrigation system unit volume with comparable pricing to prior year, along with a modest increase in other irrigation component revenues. Click to get this free report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Lindsay CorporationLNN reported fourth-quarter fiscal 2016 (ended Aug 31, 2016) adjusted earnings of 73 cents per share, reversing its prior-year quarter's loss of 28 cents per share.
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U.S. irrigation revenues went up 5% year over year to $57.3 million reflecting an increase in irrigation system unit volume with comparable pricing to prior year, along with a modest increase in other irrigation component revenues. Outlook Even though Lindsay witnessed increase in irrigation revenues in the quarter, the irrigation market remains challenging as lower commodity prices and farm income continue to restrain demand for its irrigation products. Lindsay CorporationLNN reported fourth-quarter fiscal 2016 (ended Aug 31, 2016) adjusted earnings of 73 cents per share, reversing its prior-year quarter's loss of 28 cents per share.
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2016-10-14 00:00:00 UTC
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MRC Global's Growth Prospects Bright Despite Macro Issues
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https://www.nasdaq.com/articles/mrc-globals-growth-prospects-bright-despite-macro-issues-2016-10-14
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On Oct 14, 2016 we issued an updated research report on MRC Global Inc.MRC .
Scopes of Improvement
MRC Global has been steadily bolstering its upstream, midstream and downstream sales through product portfolio solidification and superior customer relationship. Moreover, the company is signing new contracts for augmenting its top and bottom lines in the quarters ahead. For instance, the two latest Enterprise Distributor Program (EDP) agreements, signed with Cameron International and Schlumberger, would further boost the company's ongoing multi-year strategy. Through this program, MRC Global aims to generate more than 40% of its revenues from automation, valves, instrumentation and measurement products. Higher sales of these products and services would be backed by new acquisitions, investments and contracts. Also, MRC Global continues to make diligent efforts to improve its financial performance benefiting from effective cost-reduction and capital-deployment strategies.
However, revenues and margins of this Zacks Rank #3 (Hold) stock are being hurt by several headwinds. Fragile macroeconomic environment, due to factors like soft energy resource prices, Brexit vote and slow domestic demand of emerging markets, has been weighing over the demand for manufacturing and industrial companies like MRC Global. Moreover, other issues, such as appreciation of U.S. dollar, extensive industry rivalry and weakening steel prices also remain major causes of worry for the company.
Stocks to Consider
Some better-ranked stocks in the industry that warrant a look are listed below:
Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). The company has a positive average earnings surprise of 32.16% over the last four quarters. You can see the complete list of today's Zacks #1 Rank stocks here .
ACCO Brands Corporation ACCO and AGCO Corporation AGCO carry a Zacks Rank #2 (Buy).
While ACCO Brands Corporation generated a positive average earnings surprise of 23.96% for the trailing four quarters, AGCO Corporation (AGCO) has a positive average earnings surprise of 62.51% in the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
AGCO CORP (AGCO): Free Stock Analysis Report
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
MRC GLOBAL INC (MRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, MRC Global continues to make diligent efforts to improve its financial performance benefiting from effective cost-reduction and capital-deployment strategies. Fragile macroeconomic environment, due to factors like soft energy resource prices, Brexit vote and slow domestic demand of emerging markets, has been weighing over the demand for manufacturing and industrial companies like MRC Global. Stocks to Consider Some better-ranked stocks in the industry that warrant a look are listed below: Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy).
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Click to get this free report DEERE & CO (DE): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, MRC Global continues to make diligent efforts to improve its financial performance benefiting from effective cost-reduction and capital-deployment strategies. Fragile macroeconomic environment, due to factors like soft energy resource prices, Brexit vote and slow domestic demand of emerging markets, has been weighing over the demand for manufacturing and industrial companies like MRC Global.
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Stocks to Consider Some better-ranked stocks in the industry that warrant a look are listed below: Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report DEERE & CO (DE): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report MRC GLOBAL INC (MRC): Free Stock Analysis Report To read this article on Zacks.com click here. Also, MRC Global continues to make diligent efforts to improve its financial performance benefiting from effective cost-reduction and capital-deployment strategies.
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Stocks to Consider Some better-ranked stocks in the industry that warrant a look are listed below: Deere & Company DE currently sports a Zacks Rank #1 (Strong Buy). Also, MRC Global continues to make diligent efforts to improve its financial performance benefiting from effective cost-reduction and capital-deployment strategies. Fragile macroeconomic environment, due to factors like soft energy resource prices, Brexit vote and slow domestic demand of emerging markets, has been weighing over the demand for manufacturing and industrial companies like MRC Global.
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2016-10-13 00:00:00 UTC
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Deere (DE) Inks New Deal for Precision Planting Technology
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https://www.nasdaq.com/articles/deere-de-inks-new-deal-for-precision-planting-technology-2016-10-13
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Deere & CompanyDE has reached an agreement with Ag Leader, a precision agriculture competitor, to offer products currently sold by Precision Planting. The agreement depends on Deere's completion of the acquisition of Precision Planting from The Climate Corporation, a subsidiary of Monsanto Company MON .
In Nov 2015, Deere signed a definitive agreement to acquire the Precision Planting, LLC equipment business. In Aug 2016, the U.S. Department of Justice (DOJ) challenged the transaction, thus delaying its completion. Deere declared it would contest the DOJ's action as allegations about the competitive impact of the transaction were misguided.
Deere has long been focused on helping American farmers become more efficient and productive so that they can remain globally competitive. The proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions that help them increase yield and productivity.
DEERE & CO Price
DEERE & CO Price | DEERE & CO Quote
The agreement with Ag Leader will provide it with the technologies and licenses necessary to manufacture and sell the Precision Planting SpeedTube and related technology, including vSet, vDrive, and DeltaForce, once the acquisition of Precision Planting is completed. It will also allow Ag Leader to continue delivering innovative solutions for precision agriculture.
Additionally, it will intensify competition and the availability of various planting solutions. Also, the agreement will enable wider access by offering farmers the choice to either buy new machinery or retrofit older planting equipment made by various manufacturers with the latest new innovations.
Ag Leader will be allowed to sell Precision Planting products using the current names. Importantly, Ag Leader remains a completely independent competitor to Deere and Precision Planting per the agreement.
Zacks Rank
Deere currently sports a Zacks Rank #1 (Strong Buy). Other well-ranked industrial product stocks are Brady Corp. BRC and AGCO Corporation AGCO .
Brady Corp. has posted a positive average earnings surprise of 31.49% over the last four quarters. The stock sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
AGCO Corporation, which carries a Zacks Rank #2 (Buy), delivered an average positive earnings surprise of 62.51% over the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
AGCO CORP (AGCO): Free Stock Analysis Report
BRADY CORP CL A (BRC): Free Stock Analysis Report
MONSANTO CO-NEW (MON): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 agreement depends on Deere's completion of the acquisition of Precision Planting from The Climate Corporation, a subsidiary of Monsanto Company MON . The proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions that help them increase yield and productivity. Also, the agreement will enable wider access by offering farmers the choice to either buy new machinery or retrofit older planting equipment made by various manufacturers with the latest new innovations.
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Deere & CompanyDE has reached an agreement with Ag Leader, a precision agriculture competitor, to offer products currently sold by Precision Planting. AGCO Corporation, which carries a Zacks Rank #2 (Buy), delivered an average positive earnings surprise of 62.51% over the trailing four quarters. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report MONSANTO CO-NEW (MON): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere & CompanyDE has reached an agreement with Ag Leader, a precision agriculture competitor, to offer products currently sold by Precision Planting. DEERE & CO Price DEERE & CO Price | DEERE & CO Quote The agreement with Ag Leader will provide it with the technologies and licenses necessary to manufacture and sell the Precision Planting SpeedTube and related technology, including vSet, vDrive, and DeltaForce, once the acquisition of Precision Planting is completed. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report MONSANTO CO-NEW (MON): Free Stock Analysis Report To read this article on Zacks.com click here.
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It will also allow Ag Leader to continue delivering innovative solutions for precision agriculture. Importantly, Ag Leader remains a completely independent competitor to Deere and Precision Planting per the agreement. AGCO Corporation, which carries a Zacks Rank #2 (Buy), delivered an average positive earnings surprise of 62.51% over the trailing four quarters.
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2016-10-11 00:00:00 UTC
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Better Buy: Caterpillar Inc. vs. Deere
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https://www.nasdaq.com/articles/better-buy-caterpillar-inc-vs-deere-2016-10-11
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The construction business has gone through considerable turmoil in recent years, and heavy-machinery specialists Caterpillar (NYSE: CAT) and Deere (NYSE: DE) had to weather the storm in falling demand for their equipment. Yet over the past year, both companies have seen some relief as their share prices have bounced higher, suggesting that the worst might finally be over for the two companies. With that as an investing thesis, smart investors want to know which one has the more attractive prospects. Let's look more closely at how Caterpillar and Deere compare on some key metrics to see which deserves more of your attention.
Image source: John Deere.
Valuation and stock performance
Both Caterpillar and Deere have clawed back a good chunk of their lost ground from past years. Caterpillar's gains have been more impressive, picking up almost 30% since October 2015. But Deere's rise of 11% over the same time period has also been enough to recover from the worst of its share-price declines.
By some measures, the big gains in the two stocks have almost gotten ahead of their earnings recoveries. When you look at actual earnings over the past 12 months, Caterpillar sports a sky-high valuation of almost 60 times trailing earnings, compared to a trailing earnings multiple of just 18 for Deere. Yet those trailing results include some one-time items that aren't likely to recur. When you incorporate forward-looking profit expectations, Caterpillar's forward earnings multiple of 25 and Deere's corresponding figure of 23 look a lot closer to each other. Given how close those numbers are, it's hard to give Deere much more than a very slight edge over Caterpillar in terms of valuation.
Dividends
For income investors, Caterpillar has a more attractive dividend yield than Deere. Caterpillar's current figure of 3.5% tops Deere's 2.7% by a considerable margin, although both pay well above the stock market average.
Even more impressive is Caterpillar's 22-year streak of raising the amount it pays in annual dividends every year. The equipment maker hasn't boosted its dividend since mid-2015, but because of the timing of its increases, Caterpillar will already pay more in 2016 than it did last year and therefore will extend its streak this year. Deere, however, has kept its dividend constant since 2014, and it would take a last-minute increase in 2016 to keep its 12-year streak alive. All in all, Caterpillar has a slight edge with regard to dividends.
Growth prospects and risks
Both Caterpillar and Deere have had to overcome adversity to get their share prices to rise recently. For Caterpillar, the company continued to post declines in all three of its main business segments, with the worst hit coming to its resource industries division. Earnings fell by almost 30% compared to the year-ago quarter, and poor performance across all of Caterpillar's geographical regions pointed to continued pressure on the company's fundamentals. Still, bullish investors hope that rebounds in oil prices along with some key commodities in the precious metals and base metals complexes could spur reinvestment in Caterpillar machinery, helping to bring about a turnaround in its business that would mirror what the stock has already seen.
Meanwhile, Deere has shown considerable signs of life. Although net income fell in its most recent quarter compared to the year-ago period, a dramatic drop in share count actually boosted earnings-per-share figures. Lower production costs and overhead expenses also contributed positively to the bottom line, and Deere boosted its full-year 2016 outlook by an eighth to $1.35 billion. Even though Deere expects farm-equipment sales to continue to decline, the moves that the company has taken to become more efficient and boost its profit margin figures points toward a potentially successful future for the company.
Overall, Deere appears to have a slight advantage over Caterpillar right now. Caterpillar's bigger share-price advance anticipates a successful turnaround that might not come to pass. Deere appears to have a greater margin of safety if conditions remain tough longer than expected, and that gives investors better returns going forward from here.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
Dan Caplinger has no position in any stocks mentioned. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lower production costs and overhead expenses also contributed positively to the bottom line, and Deere boosted its full-year 2016 outlook by an eighth to $1.35 billion. The construction business has gone through considerable turmoil in recent years, and heavy-machinery specialists Caterpillar (NYSE: CAT) and Deere (NYSE: DE) had to weather the storm in falling demand for their equipment. Let's look more closely at how Caterpillar and Deere compare on some key metrics to see which deserves more of your attention.
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When you look at actual earnings over the past 12 months, Caterpillar sports a sky-high valuation of almost 60 times trailing earnings, compared to a trailing earnings multiple of just 18 for Deere. When you incorporate forward-looking profit expectations, Caterpillar's forward earnings multiple of 25 and Deere's corresponding figure of 23 look a lot closer to each other. The construction business has gone through considerable turmoil in recent years, and heavy-machinery specialists Caterpillar (NYSE: CAT) and Deere (NYSE: DE) had to weather the storm in falling demand for their equipment.
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Valuation and stock performance Both Caterpillar and Deere have clawed back a good chunk of their lost ground from past years. When you look at actual earnings over the past 12 months, Caterpillar sports a sky-high valuation of almost 60 times trailing earnings, compared to a trailing earnings multiple of just 18 for Deere. Dividends For income investors, Caterpillar has a more attractive dividend yield than Deere.
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When you look at actual earnings over the past 12 months, Caterpillar sports a sky-high valuation of almost 60 times trailing earnings, compared to a trailing earnings multiple of just 18 for Deere. Even though Deere expects farm-equipment sales to continue to decline, the moves that the company has taken to become more efficient and boost its profit margin figures points toward a potentially successful future for the company. The construction business has gone through considerable turmoil in recent years, and heavy-machinery specialists Caterpillar (NYSE: CAT) and Deere (NYSE: DE) had to weather the storm in falling demand for their equipment.
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722573.0
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2016-10-11 00:00:00 UTC
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Is It Safe to Buy Deere & Company Stock?
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DE
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https://www.nasdaq.com/articles/it-safe-buy-deere-company-stock-2016-10-11
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Deere & Company 's(NYSE: DE) end markets (agricultural and construction machinery) haven't improved in 2016, and its EPS is down 16% in the first nine months of its fiscal 2016. However, the stock is up 13% year to date, having outperformed the S&P 500 and peers like AGCO Corporation (NYSE: AGCO) and CNH Industrial N.V. Most of the move took place immediately after the company trumped estimates with its third-quarter results.
So, does this mean the company is now through the worst, and the stock can take off from here?
DE data by YCharts .
Deere boosts net income guidance
Let's start by looking at the tale of the third-quarter results. On a headline basis, the results were good and indicated that Deere is doing a good job of managing a difficult environment.
Guidance for net income attributable to Deere & Company of $1.35 billion compared to the previous forecast of $1.2 billion.
Cash flow from operations 2016 guidance maintained at $2.1 billion.
Consolidated trade receivables and inventory is now expected to decline $550 million (in constant currency) compared to a previous forecast for $475 million -- which is good, because when a company's sales are falling, it will need to reduce inventory and increase cash flow.
Clearly, the market liked the headline figures and guidance, but is everything as rosy as it seems? Let's look at the pros and cons.
The pros
On the positive side, it's obviously a good thing that guidance for full-year net income was increased by some $135 million. Moreover, management confirmed expectations for price realization of 1% for the full year -- important because it implies Deere still has some pricing power despite falling sales and pressure to reduce inventory. In another positive sign, AGCO Corporation CFO Andrew Beck also plans for " price increases of approximately 2% on a consolidated basis" for 2016.
Deere is also managing its inventory position well. Manager of Investor Communications Joshua Jepsen said on the third-quarter earnings call: "F ield inventory-to-sales ratios for new large Ag equipment are expected to end the year in line with 2015 year-end levels, which is consistent with our previous forecast."
Putting these points together, Deere is managing its inventory position well, while even achieving price increases within a difficult trading environment.
The cons
On the other hand, none of the underlying issues affecting Deere's trading environment have gotten any better.
First, prices of key crops such as corn, wheat, and soybeans remain at depressed levels, and AGCO's Beck outlined that " the USDA estimates the farm income will be down again in 2016 and as a result" -- farmers income is the primary factor behind new agricultural equipment sales.
U.S. Corn Farm Price Received data by YCharts .
Second, Deere's own full-year sales outlook was actually taken down in the third quarter. Deere's agriculture and turf net sales are still expected to decline by 8%, with construction and forestry net sales now expected to decline 18% compared to previous guidance for a fall of 13%. The end result is that Deere's guidance for full-year net sales was lowered to a decline of 10% compared to a previous estimate for a 9% decline.
Third, Deere is doing a good job of managing its inventory, but pressure continues to build. One particular concern relates to the growing amount of equipment on operating leases on Deere's balance sheet. As farmers are unwilling to make outright purchases of equipment, they have shifted to leasing equipment. The tricky things is when the leases are up and the equipment hits the used-equipment market: If a glut occurs, it could pressure new-equipment prices.
As you can see below, Deere's equipment on operating leases continues to grow even as equipment sales decline.
In addition, Director of Investor Relations Tony Huegel answered a question on leases, saying, " We'll hit some pretty strong maturities in the fourth quarter of this year, and then certainly as we move into spring, you know, next year is I think another kind of wave of maturity."
Fourth, the $135 million increase in full-year net income guidance is partly due to a $75 million benefit from the sale of partial interest in a landscape supply company. Meanwhile, the full-year effective tax rate is now expected to be 29%-31% compared to a previous estimate for 31%-33%, and selling, administrative, and general expense costs are expected to decline 5% instead of a previous forecast for a 4% drop. According to my back-of-the-envelope calculations, all of these factors add up to the $135 million increase.
Safe to buy Deere & Company stock?
Only if you have a strong view on crop prices increasing. Deere is doing a good job, but pressure continues to build on its inventory position, and given the upcoming leases expiring, it might be a good time to be cautious about buying the stock. The headline numbers in the third-quarter earnings report were good, but the underlying picture remains challenging.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early, in-the-know investors! To be one of them, just click here .
Lee Samaha has no position in any stocks mentioned. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and 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 's(NYSE: DE) end markets (agricultural and construction machinery) haven't improved in 2016, and its EPS is down 16% in the first nine months of its fiscal 2016. DE data by YCharts . Deere boosts net income guidance Let's start by looking at the tale of the third-quarter results.
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Deere & Company 's(NYSE: DE) end markets (agricultural and construction machinery) haven't improved in 2016, and its EPS is down 16% in the first nine months of its fiscal 2016. Consolidated trade receivables and inventory is now expected to decline $550 million (in constant currency) compared to a previous forecast for $475 million -- which is good, because when a company's sales are falling, it will need to reduce inventory and increase cash flow. Deere's agriculture and turf net sales are still expected to decline by 8%, with construction and forestry net sales now expected to decline 18% compared to previous guidance for a fall of 13%.
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Consolidated trade receivables and inventory is now expected to decline $550 million (in constant currency) compared to a previous forecast for $475 million -- which is good, because when a company's sales are falling, it will need to reduce inventory and increase cash flow. Deere's agriculture and turf net sales are still expected to decline by 8%, with construction and forestry net sales now expected to decline 18% compared to previous guidance for a fall of 13%. The end result is that Deere's guidance for full-year net sales was lowered to a decline of 10% compared to a previous estimate for a 9% decline.
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Consolidated trade receivables and inventory is now expected to decline $550 million (in constant currency) compared to a previous forecast for $475 million -- which is good, because when a company's sales are falling, it will need to reduce inventory and increase cash flow. The pros On the positive side, it's obviously a good thing that guidance for full-year net income was increased by some $135 million. As you can see below, Deere's equipment on operating leases continues to grow even as equipment sales decline.
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722574.0
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2016-10-11 00:00:00 UTC
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Prepare for a Clinton Presidency with These Stocks & ETFs
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DE
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https://www.nasdaq.com/articles/prepare-clinton-presidency-these-stocks-etfs-2016-10-11
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nan
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After her solid performance in the second presidential debate and the damage inflicted on Trump's campaign by his 2005 comments, Hillary Clinton's chances of becoming the next president have gone up substantially.
According to CNN, a majority of voters watching the debate thought Hillary won the debate (57% to 34%). The latest WSJ/NBC poll says Clinton now has a 9-point lead over Trump, among likely voters. And NYT's election model suggests, Clinton now has an 87% chance of winning the presidency.
Things could still change in the coming weeks and investors should be prepared to position their portfolio for either outcome. Some time back we discussed stocks and ETFs that could benefit in a Trump presidency ( Prepare for a Trump Presidency with These Stocks & ETFs ). So let's now discuss what could likely happen if Hillary wins the White House.
The market has been closely watching the race and already priced in a Clinton victory as of now so I don't expect a huge rally but a moderate relief rally is likely as the election uncertainty has been clouding the outlook for stocks. Markets hate uncertainty and Trump's election would no doubt increase volatility.
Buy Infrastructure, Defense, Alternative Energy, Gun & Mexico Stocks
Hillary has announced a $275 billion plan to improve US infrastructure over the next five years. She says: "the heart of my plan will be the biggest investment in American infrastructure in decades, including establishing an infrastructure bank that will bring private sector dollars off the sidelines and put them to work there."
Deere ( DE ) -a Zacks Rank #1 (Strong Buy) stock could be a major beneficiary of higher infrastructure spending. Railroad stocks like CSX ( CSX ) are also worth a look. (See: ETF Strategies for Q4 )
Clinton has talked about lifting defense spending and ending defense sequester cuts. Take a look at defense stocks like Northrop Grumman ( NOC ) or top ranked ETF iShares Aerospace & Defense ETF ( ITA ) .
She has also promised investing in innovations to counter cyber security threats. During the first presidential debate, she said: "cyber warfare will be one of the biggest challenges facing the next president." PureFunds ISE Cyber Security ETF (HACK ) is a great way of gaining diversified exposure to this industry.
Smith & Wesson ( SWHC ) -a Zacks Rank #1 (Strong Buy) stock-could see a bounce as gun sales could soar in the wake of the threat of stricter gun laws, which Hillary would likely push for. She has emphasized that gun control is one of her top priorities.
Clinton plans to set goals to generate enough renewable energy to power every home in America, with half a billion solar panels installed by the end of her first term and reduce American oil consumption by a third. Alternative energy ETFs like PowerShares Clean Energy ETF ( PBW ) could get a boost from her election.
Mexican stocks and the peso had suffered of late, partly due to the possibility of a Trump win. In fact, after the second presidential debate, the peso rallied to a one-month high. Keep an eye on iShares Mexico ETF ( EWW ) .
Healthcare, Pharma & Biotech
Clinton plans to continue and expand Obamacare and her presidency would thus boost hospital operators. Check out the Buy ranked iShares U.S. Healthcare Providers ETF ( IHF ) .
She also plans to rein in hefty increase in drug prices and that may pressure profit margins of biotech and drug companies. Her tweet on price gouging by drug makers had sent iShares NASDAQ Biotech ETF ( IBB ) plunging last year.
Avoid Big Banks, Oil & Energy
In an op-ed in the New York Times, Clinton wrote; "As president, I would not only veto any legislation that would weaken financial reform, but I would also fight for tough new rules, stronger enforcement and more accountability that go well beyond Dodd-Frank."
The Act, which was enacted in the aftermath of the financial crisis, imposed stricter regulations on banks. Big banks like JP Morgan Chase ( JPM ), Bank of America ( BAC ) and Citigroup ( C ) are likely to face more regulatory costs ahead.
Her win could also pressure oil stocks which have been rallying of late on hopes on an OPEC deal. (Read: If Oil Continues to Soar, These 7 ETFs May Fall )
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
CSX CORP (CSX): Free Stock Analysis Report
ISHARS-US AEROS (ITA): ETF Research Reports
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
PURFDS-ISE CYBR (HACK): ETF Research Reports
SMITH & WESSON (SWHC): Free Stock Analysis Report
PWRSH-W CL EGY (PBW): ETF Research Reports
ISHARS-MEXICO (EWW): ETF Research Reports
ISHARS-US H C P (IHF): ETF Research Reports
ISHARES NDQ BIO (IBB): ETF Research Reports
JPMORGAN CHASE (JPM): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After her solid performance in the second presidential debate and the damage inflicted on Trump's campaign by his 2005 comments, Hillary Clinton's chances of becoming the next president have gone up substantially. Avoid Big Banks, Oil & Energy In an op-ed in the New York Times, Clinton wrote; "As president, I would not only veto any legislation that would weaken financial reform, but I would also fight for tough new rules, stronger enforcement and more accountability that go well beyond Dodd-Frank." According to CNN, a majority of voters watching the debate thought Hillary won the debate (57% to 34%).
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Buy Infrastructure, Defense, Alternative Energy, Gun & Mexico Stocks Hillary has announced a $275 billion plan to improve US infrastructure over the next five years. Take a look at defense stocks like Northrop Grumman ( NOC ) or top ranked ETF iShares Aerospace & Defense ETF ( ITA ) . Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CSX CORP (CSX): Free Stock Analysis Report ISHARS-US AEROS (ITA): ETF Research Reports NORTHROP GRUMMN (NOC): Free Stock Analysis Report PURFDS-ISE CYBR (HACK): ETF Research Reports SMITH & WESSON (SWHC): Free Stock Analysis Report PWRSH-W CL EGY (PBW): ETF Research Reports ISHARS-MEXICO (EWW): ETF Research Reports ISHARS-US H C P (IHF): ETF Research Reports ISHARES NDQ BIO (IBB): ETF Research Reports JPMORGAN CHASE (JPM): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report To read this article on Zacks.com click here.
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Some time back we discussed stocks and ETFs that could benefit in a Trump presidency ( Prepare for a Trump Presidency with These Stocks & ETFs ). Take a look at defense stocks like Northrop Grumman ( NOC ) or top ranked ETF iShares Aerospace & Defense ETF ( ITA ) . Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CSX CORP (CSX): Free Stock Analysis Report ISHARS-US AEROS (ITA): ETF Research Reports NORTHROP GRUMMN (NOC): Free Stock Analysis Report PURFDS-ISE CYBR (HACK): ETF Research Reports SMITH & WESSON (SWHC): Free Stock Analysis Report PWRSH-W CL EGY (PBW): ETF Research Reports ISHARS-MEXICO (EWW): ETF Research Reports ISHARS-US H C P (IHF): ETF Research Reports ISHARES NDQ BIO (IBB): ETF Research Reports JPMORGAN CHASE (JPM): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report To read this article on Zacks.com click here.
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Some time back we discussed stocks and ETFs that could benefit in a Trump presidency ( Prepare for a Trump Presidency with These Stocks & ETFs ). Buy Infrastructure, Defense, Alternative Energy, Gun & Mexico Stocks Hillary has announced a $275 billion plan to improve US infrastructure over the next five years. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CSX CORP (CSX): Free Stock Analysis Report ISHARS-US AEROS (ITA): ETF Research Reports NORTHROP GRUMMN (NOC): Free Stock Analysis Report PURFDS-ISE CYBR (HACK): ETF Research Reports SMITH & WESSON (SWHC): Free Stock Analysis Report PWRSH-W CL EGY (PBW): ETF Research Reports ISHARS-MEXICO (EWW): ETF Research Reports ISHARS-US H C P (IHF): ETF Research Reports ISHARES NDQ BIO (IBB): ETF Research Reports JPMORGAN CHASE (JPM): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report To read this article on Zacks.com click here.
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722575.0
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2016-10-07 00:00:00 UTC
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Will Reduced Farm Income Impact Lindsay's (LNN) Results?
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DE
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https://www.nasdaq.com/articles/will-reduced-farm-income-impact-lindsays-lnn-results-2016-10-07
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On Oct 6, we issued an updated research report on Lindsay CorporationLNN . Reduced farm income remains the major drag on the company's performance. Fluctuations in foreign currency exchange rates, pricing pressure and competition may also hurt Lindsay's growth.
Notably, Lindsay's earnings continue to bear the brunt of weak demand in the U.S. Lower commodity prices and reduced farm income have been affecting farmer sentiments regarding capital goods purchases. The USDA's current projection for 2016 net farm income is $71.5 billion, down 11.5% from the prior year. Hence, Lindsay's results will continue to be affected.
So far in the first three quarters of fiscal 2016, infrastructure segment revenues declined 25% from the comparable prior-year period. The most significant portion of the decline resulted from the completion of the Golden Gate Bridge project last year along with other larger projects. The company also remains exposed to currency exchange translation risks.
The U.K.'s decision to exit the EU has created economic uncertainty in the region. Brexit-related uncertainty will hurt Lindsay's revenues in the near term. Further, Brazil remains a near-term challenge with slow FINAME funding for equipment purchases and significant government turmoil.
Moreover, competitive pricing environment and costs deleveraged on lower sales affected Lindsay's margins. The pricing environment both in the U.S. and international markets is expected to remain competitive in the near term.
Lindsay currently has a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks in the industrial products sector include Brady Corp. BRC , Berry Plastics Group, Inc. BERY and Deere & Company DE .
Brady has an average positive earnings surprise of 31.49% over the last four quarters. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Berry Plastics, also a Zacks Rank #1 stock, delivered an average positive earnings surprise of 13.97% over the trailing four quarters.
Deere & Company, which sports a Zacks Rank #1, posted an average positive earnings surprise of 32.16% in the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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DEERE & CO (DE): Free Stock Analysis Report
LINDSAY CORP (LNN): Free Stock Analysis Report
BRADY CORP CL A (BRC): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notably, Lindsay's earnings continue to bear the brunt of weak demand in the U.S. Lower commodity prices and reduced farm income have been affecting farmer sentiments regarding capital goods purchases. Deere & Company, which sports a Zacks Rank #1, posted an average positive earnings surprise of 32.16% in the trailing four quarters. So far in the first three quarters of fiscal 2016, infrastructure segment revenues declined 25% from the comparable prior-year period.
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Stocks to Consider Some better-ranked stocks in the industrial products sector include Brady Corp. BRC , Berry Plastics Group, Inc. BERY and Deere & Company DE . Berry Plastics, also a Zacks Rank #1 stock, delivered an average positive earnings surprise of 13.97% over the trailing four quarters. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Notably, Lindsay's earnings continue to bear the brunt of weak demand in the U.S. Lower commodity prices and reduced farm income have been affecting farmer sentiments regarding capital goods purchases. Berry Plastics, also a Zacks Rank #1 stock, delivered an average positive earnings surprise of 13.97% over the trailing four quarters. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Berry Plastics, also a Zacks Rank #1 stock, delivered an average positive earnings surprise of 13.97% over the trailing four quarters. Notably, Lindsay's earnings continue to bear the brunt of weak demand in the U.S. Lower commodity prices and reduced farm income have been affecting farmer sentiments regarding capital goods purchases. So far in the first three quarters of fiscal 2016, infrastructure segment revenues declined 25% from the comparable prior-year period.
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2016-10-06 00:00:00 UTC
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3 Short Squeeze Stocks Ready to Burst This Fall
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https://www.nasdaq.com/articles/3-short-squeeze-stocks-ready-to-burst-this-fall-2016-10-06
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Short sellers spent the month of September prepping for a decline in some areas of the market as cumulative short interest rose by 3%. According to our proprietary component weighted exchange-traded fund short interest ratios, the heaviest concentrations of shorts remain in the small cap and banking sectors, as the short sellers appear to expect more volatility from these areas of the market over the next month or two.
On a sector note, the relatively high level of short interest that has been focusing on the Regional Banking sector is indicative of a Wall of Worry situation that is likely to help many of the smaller regional bank stocks thrive, since slightly higher interest rates would help their balance sheet activity.
This makes the regional banking group a great sector for "smart contrarian" trades right now, as it is ripe with stocks that are seeing signs of overwhelming pessimism, despite strong technicals and fundamentals. This combination is usually bullish for a stock.
Focusing back on single stocks, the most recent filtering results from our database for short-squeeze candidates are in the table above, along with three standouts within the group.
5 Top Stocks to Buy for October
The following are three short-squeeze stocks you should pay attention to this month.
Short Squeeze Stocks to Buy: Deere & Company (DE)
Short Interest Ratio:
Deere & Company (NYSE: DE ) shares have been outpacing the market by more than two times the S&P 500 's performance for the year (the stock is trading % higher). More robust demand for the large machinery that DE produces has fed the fundamental story here, something the market hasn't factored into prices or outlooks yet.
Short interest on Deere stock is at a staggering times average daily volume, as the shares make their way higher. In addition, our sentiment screen shows that only % of the Wall Street analysts covering DE stock are giving it a buy recommendation. This leaves room for upgrades to help squeeze the price even higher.
Our models target a move back above $86 as a likely catalyst for the next short squeeze and a likely target of $92.
Short Squeeze Stocks to Buy: Nordstrom, Inc. (JWN)
Short Interest Ratio:
The retail sector has been performing very poorly as consumers are showing signs of fatigue. The results of this are that there are very few standouts in the sector, one of them being higher-end department store operator Nordstrom, Inc. (NYSE: JWN ).
Despite a 12-month loss of 25%, JWN shares are catching-up with the S&P 500 and are outperforming the retail sector on a year-to-dated basis. This comes from a change of management and some improvements to the fundamental data, including a positive earnings surprise last quarter.
Short sellers have taken the current shares sold short on Nordstrom to its highest level in more than two years. The result is a short interest ratio for JWN that is now above and ripe for a short squeeze rally.
The 10 Best Stocks to Buy for the Rest of 2016
Nordstrom stock has been consolidating at $52 since August and is heading into a seasonally strong period for retail stocks. A break above the $52 level should initiate a covering rally that will help fuel JWN stock to the $57 level.
Short Squeeze Stocks to Buy: XPO Logistics Inc (XPO)
Short Interest Ratio:
XPO Logistics Inc (NYSE: XPO ) is one of the largest logistics companies providing supply chain solutions in the logistics and transportation segments. Revenue and earnings results reflect a strong operation and the fundamental driver behind the stock's 34% year-to-date performance, leaving peer companies in the dust.
The Wall of Worry remains in place on XPO Logistics, as the short interest ratio for the stock is now over . Shorts have been more exposed with higher levels of bets against XPO stock over the last two years, but recent additions to short positions are putting shares in position for another squeeze higher.
XPO Logistics shares have consolidated around the $37 level since their last earnings report in early August. Now, XPO stock looks ready to break higher as momentum is beginning to build. With that, a break above the $37.50 mark is likely to get the shorts running into the market to cover positions and likely drive XPO Logistics shares above $39.00.
As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.
The post 3 Short Squeeze Stocks Ready to Burst This Fall 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.
The views and 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 makes the regional banking group a great sector for "smart contrarian" trades right now, as it is ripe with stocks that are seeing signs of overwhelming pessimism, despite strong technicals and fundamentals. More robust demand for the large machinery that DE produces has fed the fundamental story here, something the market hasn't factored into prices or outlooks yet. InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short sellers spent the month of September prepping for a decline in some areas of the market as cumulative short interest rose by 3%.
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Short Squeeze Stocks to Buy: Deere & Company (DE) Short Interest Ratio: Deere & Company (NYSE: DE ) shares have been outpacing the market by more than two times the S&P 500 's performance for the year (the stock is trading % higher). InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short sellers spent the month of September prepping for a decline in some areas of the market as cumulative short interest rose by 3%. According to our proprietary component weighted exchange-traded fund short interest ratios, the heaviest concentrations of shorts remain in the small cap and banking sectors, as the short sellers appear to expect more volatility from these areas of the market over the next month or two.
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Short Squeeze Stocks to Buy: Deere & Company (DE) Short Interest Ratio: Deere & Company (NYSE: DE ) shares have been outpacing the market by more than two times the S&P 500 's performance for the year (the stock is trading % higher). InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short sellers spent the month of September prepping for a decline in some areas of the market as cumulative short interest rose by 3%. According to our proprietary component weighted exchange-traded fund short interest ratios, the heaviest concentrations of shorts remain in the small cap and banking sectors, as the short sellers appear to expect more volatility from these areas of the market over the next month or two.
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Short Squeeze Stocks to Buy: Deere & Company (DE) Short Interest Ratio: Deere & Company (NYSE: DE ) shares have been outpacing the market by more than two times the S&P 500 's performance for the year (the stock is trading % higher). InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Short sellers spent the month of September prepping for a decline in some areas of the market as cumulative short interest rose by 3%. According to our proprietary component weighted exchange-traded fund short interest ratios, the heaviest concentrations of shorts remain in the small cap and banking sectors, as the short sellers appear to expect more volatility from these areas of the market over the next month or two.
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e0f74feb-5246-4e6f-a1e2-5ffc8b9e64a9
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722577.0
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2016-10-04 00:00:00 UTC
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Manitex (MNTX) Divests Liftking Subsidiary to Pay Back Debt
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DE
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https://www.nasdaq.com/articles/manitex-mntx-divests-liftking-subsidiary-to-pay-back-debt-2016-10-04
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nan
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nan
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Manitex International, Inc.MNTX has sold its Liftking subsidiary for $14.0 million to focus on its higher margin core lifting businesses as well as cutting down debt. The net cash proceeds of approximately $13.3 million from the sale will be utilized to pay downs of its North American bank debt. Manitex shares gained 2.36% on the announcement.
Liftking has been scooped up by a newly formed subsidiary of Mi-Jack Products Inc. Based in Hazel Crest, IL, Mi-Jack is a privately held manufacturer and service provider for rubber and track mounted gantry cranes and industrial cranes catering to Intermodal and Industrial markets.
Liftking came under the Manitex umbrella following its acquisition in Nov 2006 for a consideration of $7.1 million. The trailing 12-month (TTM) revenue and EBITDA for Liftking were approximately $18 million and $2 million, respectively. In connection with the divestiture, Manitex will record in its third-quarter results certain allocated non-cash charges for goodwill and intangible assets. This will be in relation to the disposal of a portion of its Lifting segment, and an impairment of its investment in Lift Ventures, a joint venture Company that distributes certain remaining inventory of former Liftking and former Load King products. These charges are expected to be in approximate ranges of $6.5-$7.0 million and $5.5-$6.0 million, respectively.
MANITEX INT INC Price
MANITEX INT INC Price | MANITEX INT INC Quote
The divestiture is in alignment with Manitex's corporate program that focuses its resources on higher margin core lifting businesses and to reduce its indebtedness. These remain the company's top corporate priorities for this year and the next. Manitex during its second-quarter conference call had stated that sales of non-strategic businesses combined with other incremental working capital and operating cash flow, may enable the company to exceed its previously stated target of $45 million in debt reduction for calendar year 2016.
As the company operates in cyclical businesses and the timing of the recovery is impossible to predict. Though Manitex remains confident that the measures implemented to rationalize production, lower costs, strengthening balance sheet, and enhancing presence in its served markets will lead to future growth.
Manitex currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Brady Corp. BRC currently sports a Zacks Rank #1 (Strong Buy). The company has a positive average earnings surprise of 31.49% over the last four quarters. You can see the complete list of today's Zacks #1 Rank stocks here .
Berry Plastics Group, Inc. BERY and Deere & Company DE also carry a Zacks Rank #1. While Berry Plastics generated a positive average earnings surprise of 13.97% over the trailing four quarters, Deere & Company reported a positive average earnings surprise of 32.16% in the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
MANITEX INT INC (MNTX): Free Stock Analysis Report
BRADY CORP CL A (BRC): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Manitex International, Inc.MNTX has sold its Liftking subsidiary for $14.0 million to focus on its higher margin core lifting businesses as well as cutting down debt. The net cash proceeds of approximately $13.3 million from the sale will be utilized to pay downs of its North American bank debt. Though Manitex remains confident that the measures implemented to rationalize production, lower costs, strengthening balance sheet, and enhancing presence in its served markets will lead to future growth.
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Manitex International, Inc.MNTX has sold its Liftking subsidiary for $14.0 million to focus on its higher margin core lifting businesses as well as cutting down debt. While Berry Plastics generated a positive average earnings surprise of 13.97% over the trailing four quarters, Deere & Company reported a positive average earnings surprise of 32.16% in the trailing four quarters. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report MANITEX INT INC (MNTX): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here.
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MANITEX INT INC Price MANITEX INT INC Price | MANITEX INT INC Quote The divestiture is in alignment with Manitex's corporate program that focuses its resources on higher margin core lifting businesses and to reduce its indebtedness. While Berry Plastics generated a positive average earnings surprise of 13.97% over the trailing four quarters, Deere & Company reported a positive average earnings surprise of 32.16% in the trailing four quarters. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report MANITEX INT INC (MNTX): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Manitex International, Inc.MNTX has sold its Liftking subsidiary for $14.0 million to focus on its higher margin core lifting businesses as well as cutting down debt. The net cash proceeds of approximately $13.3 million from the sale will be utilized to pay downs of its North American bank debt. Liftking has been scooped up by a newly formed subsidiary of Mi-Jack Products Inc. Based in Hazel Crest, IL, Mi-Jack is a privately held manufacturer and service provider for rubber and track mounted gantry cranes and industrial cranes catering to Intermodal and Industrial markets.
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85fe1be3-c417-476a-a201-920321b4b5da
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722578.0
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2016-10-04 00:00:00 UTC
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Terex (TEX) Downgraded to Strong Sell: Time to Offload It?
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DE
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https://www.nasdaq.com/articles/terex-tex-downgraded-to-strong-sell%3A-time-to-offload-it-2016-10-04
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nan
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nan
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On Oct 4, 2016, Terex CorporationTEX was downgraded to a Zacks Rank #5 (Strong Sell). Going by the Zacks model, companies holding a Zacks Rank #5 are likely to underperform the broader market.
Why the Downgrade?
On Aug 1, 2016, Terex Corporation posted dismal results for the second quarter of 2016 wherein its top and bottom line numbers compared unfavourably with the year-ago quarter figures.
The company reported adjusted earnings per share of 64 cents and revenues of $1.3 billion. On a year-over-year basis too, the metrics registered steep declines of 18% and 10%, respectively.
Terex now expects earnings per share from continuing operations to be between 85 cents and $1.15 in 2016, excluding restructuring and other unusual items. The Zacks Consensus Estimate stands at 96 cents. Additionally, the company provided guidance of net sales of $4.3 billion-$4.5 billion for full-year 2016. The Zacks Consensus Estimate is pegged at $4.44 billion. This reflects the removal of MHPS earnings from continuing operations and the effect of unabsorbed corporate management costs, but does not display any of the benefits of the MHPS sale which will be realized upon completion of the sale.
TEREX CORP Price and Consensus
TEREX CORP Price and Consensus | TEREX CORP Quote
Terex has witnessed substantial downward estimate revisions in the past 60 days. In fact, the Zacks Consensus Estimate for the current quarter plunged 57% to 21 cents over the last 60 days. For 2016, 10 out of 11 estimates were lowered over the same time frame, lowering the Zacks Consensus Estimate by approximately 29% to $1.35.
Furthermore, it is worth noting that out of the trailing four quarters, the company underperformed the Zacks Consensus Estimate in three, leading to a negative average earnings surprise of 34.89%.
Terex's Aerial Work Platforms segment, sales will be hampered by the challenging market conditions, especially in North and South America, for the balance of 2016. Moreover, global pricing dynamics, geographical mix and production reductions will cause margin compression. The Material Processing segment will remain affected by the weak mining market. Further, soft market for Fuchs machines, driven by scrap metal prices remains a significant headwind for the segment. For the Cranes segment, pricing pressure, product mix and execution issues are to put pressure on margins.
Stocks to Consider
Brady Corp. BRC has a positive average earnings surprise of 31.49% over the last four quarters. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Berry Plastics Group, Inc. BERY and Deere & Company DE also carry a Zacks Rank #1. While Berry Plastics generated a positive average earnings surprise of 13.97% over the trailing four quarters, Deere & Company reported a positive average earnings surprise of 32.16% in the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TEREX CORP (TEX): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
BRADY CORP CL A (BRC): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, it is worth noting that out of the trailing four quarters, the company underperformed the Zacks Consensus Estimate in three, leading to a negative average earnings surprise of 34.89%. On Oct 4, 2016, Terex CorporationTEX was downgraded to a Zacks Rank #5 (Strong Sell). Going by the Zacks model, companies holding a Zacks Rank #5 are likely to underperform the broader market.
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While Berry Plastics generated a positive average earnings surprise of 13.97% over the trailing four quarters, Deere & Company reported a positive average earnings surprise of 32.16% in the trailing four quarters. Click to get this free report TEREX CORP (TEX): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 4, 2016, Terex CorporationTEX was downgraded to a Zacks Rank #5 (Strong Sell).
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While Berry Plastics generated a positive average earnings surprise of 13.97% over the trailing four quarters, Deere & Company reported a positive average earnings surprise of 32.16% in the trailing four quarters. Click to get this free report TEREX CORP (TEX): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report BRADY CORP CL A (BRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 4, 2016, Terex CorporationTEX was downgraded to a Zacks Rank #5 (Strong Sell).
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On Oct 4, 2016, Terex CorporationTEX was downgraded to a Zacks Rank #5 (Strong Sell). Going by the Zacks model, companies holding a Zacks Rank #5 are likely to underperform the broader market. Why the Downgrade?
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c36ba106-d73b-44e9-8ed6-bb51f0fda397
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722579.0
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2016-10-03 00:00:00 UTC
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Will Caterpillar’s cost cutting strategy be significant?
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DE
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https://www.nasdaq.com/articles/will-caterpillars-cost-cutting-strategy-be-significant-2016-10-03
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nan
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nan
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Caterpillar ( CAT ) announced its restructuring and cost reduction plans in September 2015. The move comes in the wake of declining revenues in three of the past four years. Caterpillar has already cut about 16000 jobs , and expects facility consolidations and closures to impact about 20 of its facilities and 10% of its manufacturing square footage. Will this help increase the company's profits and EPS in the near term? We believe the positive impact is likely to be offset by a couple of factors. First, given continued weak commodity prices, customers in the mining sector unlikely to pick up purchases in the year ahead. Nor is there a clear sign of recovery in Chinese economy. In the long run, however, these steps will improve Caterpillar's margins by an estimated 60 basis points. The company expects to reduce operating costs by about $1.5 billion annually, once the measures are fully implemented. This is likely to increase company's EBITDA by about 20% annually. We have priced in these expectations in our estimates. If, however, the program is unsuccessful and margins don't improve, there can be a downside of around 12% to our price estimate.
What prompted Caterpillar to undertake massive restructuring effort?
Caterpillar's attempt to reduce costs resulted from the recent decline in sales driven by low commodity prices and slowdown in Chinese economy. Resources segment accounted for about 73% of overall revenue decline for Caterpillar between 2013 and 2015. The segment was affected by decline in crude oil prices and suppressed purchase activity from Caterpillar dealers in an attempt to lower their inventories in-line with the weak global demand for mining equipment and machinery.
Caterpillar responded to declining profit by implementing cost cutting measures. The company initially planned to reduce its workforce by 10,000 by 2018 but, about it has already cut around 16,000 jobs as of September 2016. It also plans to lower SG&A expenses and cut about $0.7 billion costs by the end of 2016. Caterpillar expects long term cost reductions from lower period manufacturing costs, including savings from additional contemplated facility consolidations and closures .
What will be the impact on margins and EPS?
Caterpillar's EBITDA has declined by 27.5% since 2013 and stood at $6.7 billion in 2015. If the company executes its cost reduction plan effectively, we estimate $0.7 billion reduction in costs by the end of 2016.We further expect $0.6 billion reduction in direct costs by 2017 as a result of lower SG&A and lower workforce expenditures. We expect Caterpillar's EPS decline in 2016 but believe the figure can rise by about 5% in 2017 due to cost reductions. We expect company's overall EBITDA margin to decline from 14.3% in 2015 to 13.6% by 2017, but recover thereafter to reach 14.0% by 2020 due to combination of revenue revival and cost rationalization.
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis of Caterpillar
View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Caterpillar's attempt to reduce costs resulted from the recent decline in sales driven by low commodity prices and slowdown in Chinese economy. The segment was affected by decline in crude oil prices and suppressed purchase activity from Caterpillar dealers in an attempt to lower their inventories in-line with the weak global demand for mining equipment and machinery. The move comes in the wake of declining revenues in three of the past four years.
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The move comes in the wake of declining revenues in three of the past four years. If, however, the program is unsuccessful and margins don't improve, there can be a downside of around 12% to our price estimate. What prompted Caterpillar to undertake massive restructuring effort?
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We expect Caterpillar's EPS decline in 2016 but believe the figure can rise by about 5% in 2017 due to cost reductions. The move comes in the wake of declining revenues in three of the past four years. If, however, the program is unsuccessful and margins don't improve, there can be a downside of around 12% to our price estimate.
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Caterpillar's attempt to reduce costs resulted from the recent decline in sales driven by low commodity prices and slowdown in Chinese economy. The move comes in the wake of declining revenues in three of the past four years. If, however, the program is unsuccessful and margins don't improve, there can be a downside of around 12% to our price estimate.
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dc4eeb87-e97e-4bcb-a6f9-b4217ef39ad5
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722580.0
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2016-09-27 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for September 28, 2016
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-september-28-2016-2016-09-27
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nan
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on September 28, 2016. A cash dividend payment of $0.6 per share is scheduled to be paid on November 01, 2016. Shareholders who purchased DE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that DE has paid the same dividend. At the current stock price of $83.58, the dividend yield is 2.87%.
The previous trading day's last sale of DE was $83.58, representing a -5.7% decrease from the 52 week high of $88.63 and a 19.13% increase over the 52 week low of $70.16.
DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). DE's current earnings per share, an indicator of a company's profitability, is $4.99. Zacks Investment Research reports DE's forecasted earnings growth in 2016 as -26.25%, compared to an industry average of -15.1%.
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:
VanEck Vectors Agribusiness ETF ( MOO )
iShares MSCI Agriculture Producers Fund ( VEGI )
AdvisorShares Wilshire Buyback ETF ( TTFS )
iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ).
The top-performing ETF of this group is TTFS with an increase of 5.4% over the last 100 days. MOO has the highest percent weighting of DE at 6.71%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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. DE is a part of the Capital Goods sector, which includes companies such as Thermo Fisher Scientific Inc ( TMO ) and Danaher Corporation ( DHR ). Zacks Investment Research reports DE's forecasted earnings growth in 2016 as -26.25%, compared to an industry average of -15.1%.
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DE's current earnings per share, an indicator of a company's profitability, is $4.99. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Deere & Company ( DE ) will begin trading ex-dividend on September 28, 2016.
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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: VanEck Vectors Agribusiness ETF ( MOO ) iShares MSCI Agriculture Producers Fund ( VEGI ) AdvisorShares Wilshire Buyback ETF ( TTFS ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ).
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A cash dividend payment of $0.6 per share is scheduled to be paid on November 01, 2016. DE's current earnings per share, an indicator of a company's profitability, is $4.99. The following ETF(s) have DE as a top-10 holding: VanEck Vectors Agribusiness ETF ( MOO ) iShares MSCI Agriculture Producers Fund ( VEGI ) AdvisorShares Wilshire Buyback ETF ( TTFS ) iShares iBonds Mar 2023 Term Corporate ex-Financials ETF ( IBCE ).
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44aa210c-ad33-4715-92e9-12a8d14fb4e7
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722581.0
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2016-09-27 00:00:00 UTC
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DE Named A Top Socially Responsible Dividend Stock
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DE
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https://www.nasdaq.com/articles/de-named-top-socially-responsible-dividend-stock-2016-09-27
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nan
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nan
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Deere & Co. (Symbol: DE) has been named a Top Socially Responsible Dividend Stock by Dividend Channel , signifying a stock with above-average ''DividendRank'' statistics including a strong 2.9% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society - for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.
According to the ETF Finder at ETF Channel , Deere & Co. is a member of the iShares MSCI KLD 400 Social Index Fund ETF ( DSI ), making up 0.26% of the underlying holdings of the fund, which owns $1,627,943 worth of DE shares.
The annualized dividend paid by Deere & Co. is $2.40/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/28/2016. Below is a long-term dividend history chart for DE, which the DividendRank report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
DE operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. ( ITW ), and Stanley Black & Decker Inc ( SWH ).
Top 25 Socially Responsible Dividend Stocks - Income To Feel Good About »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society - for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol. Below is a long-term dividend history chart for DE, which the DividendRank report stressed as being of key importance. DE operates in the Industrial Machinery & Equipment sector, among companies like Illinois Tool Works, Inc. ( ITW ), and Stanley Black & Decker Inc ( SWH ).
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Deere & Co. (Symbol: DE) has been named a Top Socially Responsible Dividend Stock by Dividend Channel , signifying a stock with above-average ''DividendRank'' statistics including a strong 2.9% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Top 25 Socially Responsible Dividend Stocks - Income To Feel Good 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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Deere & Co. (Symbol: DE) has been named a Top Socially Responsible Dividend Stock by Dividend Channel , signifying a stock with above-average ''DividendRank'' statistics including a strong 2.9% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. According to the ETF Finder at ETF Channel , Deere & Co. is a member of the iShares MSCI KLD 400 Social Index Fund ETF ( DSI ), making up 0.26% of the underlying holdings of the fund, which owns $1,627,943 worth of DE shares. Top 25 Socially Responsible Dividend Stocks - Income To Feel Good 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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Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue. Top 25 Socially Responsible Dividend Stocks - Income To Feel Good 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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669ee8b1-69c0-4b7e-8e3f-ac63b69c6e2b
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722582.0
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2016-09-27 00:00:00 UTC
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IVA Funds Comments on Emerson
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DE
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https://www.nasdaq.com/articles/iva-funds-comments-emerson-2016-09-27
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nan
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nan
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Well, Deere ( NYSE:DE ) is a much finer business. They are world-class. It's much more oligopolistic. The returns of capital over a full cycle dwarf I believe what they are with other fertilizer companies. Yes, the answer is that we've looked at both. There's a clear price at which we would love to own Deere. But, in the fertilizer space, and understand there's a proposed merger going on, we have found it difficult to find one company that truly has much lower costs than the other. In a commodity business, if you can find a company that structurally has much lower cost than another, it helps assure you that they will be a survivor if and when commodity prices are low, and then the company may in fact capitalize during times of low prices to maybe increase its market share position.
Daniel Loeb Undervalued Stocks
Daniel Loeb Top Growth Companies
Daniel Loeb High Yield stocks
Charles de Vaulx Undervalued Stocks
Charles de Vaulx Top Growth Companies
Charles de Vaulx High Yield stocks
So, we have not been able to identify, at least yet, a fertilizer company that really stands out in terms of quality and being lower cost than others.
From Charles de Vaulx ( Trades , Portfolio )'s semi-annual -…-6 IVA Funds call. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But, in the fertilizer space, and understand there's a proposed merger going on, we have found it difficult to find one company that truly has much lower costs than the other. From Charles de Vaulx ( Trades , Portfolio )'s semi-annual -…-6 IVA Funds call. Well, Deere ( NYSE:DE ) is a much finer business.
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Daniel Loeb Undervalued Stocks Daniel Loeb Top Growth Companies Daniel Loeb High Yield stocks Charles de Vaulx Undervalued Stocks Charles de Vaulx Top Growth Companies Charles de Vaulx High Yield stocks So, we have not been able to identify, at least yet, a fertilizer company that really stands out in terms of quality and being lower cost than others. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Well, Deere ( NYSE:DE ) is a much finer business.
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Daniel Loeb Undervalued Stocks Daniel Loeb Top Growth Companies Daniel Loeb High Yield stocks Charles de Vaulx Undervalued Stocks Charles de Vaulx Top Growth Companies Charles de Vaulx High Yield stocks So, we have not been able to identify, at least yet, a fertilizer company that really stands out in terms of quality and being lower cost than others. Well, Deere ( NYSE:DE ) is a much finer business. There's a clear price at which we would love to own Deere.
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Well, Deere ( NYSE:DE ) is a much finer business. There's a clear price at which we would love to own Deere. But, in the fertilizer space, and understand there's a proposed merger going on, we have found it difficult to find one company that truly has much lower costs than the other.
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722583.0
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2016-09-23 00:00:00 UTC
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2 Big-Brand Stocks You May Be Overlooking
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https://www.nasdaq.com/articles/2-big-brand-stocks-you-may-be-overlooking-2016-09-23
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CAT Dividend Yield (TTM) data by YCharts .
So they are troubled companies, but they aren't falling off a cliff. And they could be relative bargains, particularly if you are fond of dividends.
Brands that can't be replaced
The next big reason to look at Caterpillar and Deere is that, at the end of the day, they are giants with industry positions and global reach that would be virtually impossible to replicate today. Sure, they have competition, but if you think "farm equipment," you probably think about a green Deere tractor, and if you see a yellow backhoe, your first thought is likely that it's a Caterpillar.
To put some numbers on this, Caterpillar has roughly 3,600 locations serving 182 countries. While all of those dealers aren't exclusive to Caterpillar, it would be hard to recreate that reach and the breadth of product that Caterpillar offers. The same holds true for Deere, which has over 2,400 dealer locations reaching into more than 100 countries. These companies have commanding positions in their industries and really are the big brands, a highly desirable trait from an investment standpoint.
Buy while you can
So, if you think we are still going to be growing food in five, 10, and 20 years, now could turn out to be a good time to buy Deere on the cheap. And if you believe construction and mining are industries that might recover over time, then Caterpillar looks like it could be on sale. This isn't to suggest that a turnaround is coming for either company tomorrow, only that they have proven their ability to survive bad times, continue to reward investors with dividends for sticking around, and that their businesses would be hard, if not impossible, to replace.
It could get worse before it gets better. But if you have a long-term view and are willing to deal with a little of uncertainty in your investments, Caterpillar and Deere are two big-brand stocks you may be overlooking.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
Reuben Brewer has no position in any stocks mentioned. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brands that can't be replaced The next big reason to look at Caterpillar and Deere is that, at the end of the day, they are giants with industry positions and global reach that would be virtually impossible to replicate today. These companies have commanding positions in their industries and really are the big brands, a highly desirable trait from an investment standpoint. This isn't to suggest that a turnaround is coming for either company tomorrow, only that they have proven their ability to survive bad times, continue to reward investors with dividends for sticking around, and that their businesses would be hard, if not impossible, to replace.
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The same holds true for Deere, which has over 2,400 dealer locations reaching into more than 100 countries. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CAT Dividend Yield (TTM) data by YCharts .
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Brands that can't be replaced The next big reason to look at Caterpillar and Deere is that, at the end of the day, they are giants with industry positions and global reach that would be virtually impossible to replicate today. This isn't to suggest that a turnaround is coming for either company tomorrow, only that they have proven their ability to survive bad times, continue to reward investors with dividends for sticking around, and that their businesses would be hard, if not impossible, to replace. CAT Dividend Yield (TTM) data by YCharts .
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Brands that can't be replaced The next big reason to look at Caterpillar and Deere is that, at the end of the day, they are giants with industry positions and global reach that would be virtually impossible to replicate today. The same holds true for Deere, which has over 2,400 dealer locations reaching into more than 100 countries. CAT Dividend Yield (TTM) data by YCharts .
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722584.0
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2016-09-21 00:00:00 UTC
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Apogee (APOG) Set to Grow on Strong Architectural Markets
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https://www.nasdaq.com/articles/apogee-apog-set-to-grow-on-strong-architectural-markets-2016-09-21
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On Sep 20, 2016, we issued an updated research report on Apogee Enterprises, Inc.APOG . Following a strong second quarter, Apogee maintains an upbeat view for fiscal 2017. We believe a growing architectural market and focus on operational improvements will be the primary tailwinds.
Notably, Apogee's second-quarter fiscal 2017 earnings surged 54% while revenues grew 16% year over year. Apogee raised its earnings per share outlook for fiscal 2017 to the range of $2.80-$2.90. The company maintained its outlook for revenue growth of approximately 10% for fiscal 2017 backed by strong momentum in the architectural markets, expansion in new geographies and introduction of new products.
The upbeat outlook reflects improved operational performance in the fiscal first half that is expected to continue throughout the year. The company continues to focus on achieving top-line growth on the back of product launches, expansion in both domestic and international markets along with entry into new architectural markets. The company anticipates growth in mid-single digit for U.S. commercial construction market in fiscal 2017, as market activity, the Architecture Billings Index, office employment and office vacancy rates all show positive momentum.
Apogee also predicts its gross margin to be around 26.5% and operating margin to be approximately 11.3% in fiscal 2017. Focus on productivity improvement, cost control and improvements in volume, mix, project margins and operating leverage will aid margin expansion.
Apogee also increased its projection for capital expenditure to $70 million for fiscal 2016, higher than its previous projection of $60 million as the company continues to invest to increase capabilities, productivity and capacity. Additionally, the company will focus on its merger and acquisition pipeline. The company will, meanwhile, maintain its dividend and continue to evaluate repurchasing stock to mitigate dilution from its compensation program.
The company believes that in the long term, it will grow through new geographies, new products and new markets. Moreover, backlog, bidding activity, and focus on better project selection, productivity and operational improvements, will help it deliver at 12% to 13% operating margin on revenues of $1.2-$1.3 billion by fiscal 2018. With internal market visibility and external metrics moving in the right direction, Apogee envisions sustained U.S. non-residential market growth at least through fiscal 2020.
Naturally, we are optimistic about the prospects of the stock. As a result, this Zacks Rank #2 (Buy) stock has witnessed upward estimate revisions over the last 7 days. The Zacks Consensus Estimate for fiscal 2017 also increased 1% to $2.87 per share.
Stocks that Warrant a Look
Better-ranked stocks worth considering in the broader sector include Berry Plastics Group, Inc. BERY , Deere & Company DE and Energy Recovery, Inc. ERII . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Confidential from Zacks
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APOGEE ENTRPRS (APOG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
ENERGY RECOVERY (ERII): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company will, meanwhile, maintain its dividend and continue to evaluate repurchasing stock to mitigate dilution from its compensation program. The company anticipates growth in mid-single digit for U.S. commercial construction market in fiscal 2017, as market activity, the Architecture Billings Index, office employment and office vacancy rates all show positive momentum. Moreover, backlog, bidding activity, and focus on better project selection, productivity and operational improvements, will help it deliver at 12% to 13% operating margin on revenues of $1.2-$1.3 billion by fiscal 2018.
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Stocks that Warrant a Look Better-ranked stocks worth considering in the broader sector include Berry Plastics Group, Inc. BERY , Deere & Company DE and Energy Recovery, Inc. ERII . Click to get this free report APOGEE ENTRPRS (APOG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ENERGY RECOVERY (ERII): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. The company anticipates growth in mid-single digit for U.S. commercial construction market in fiscal 2017, as market activity, the Architecture Billings Index, office employment and office vacancy rates all show positive momentum.
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Click to get this free report APOGEE ENTRPRS (APOG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ENERGY RECOVERY (ERII): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. The company anticipates growth in mid-single digit for U.S. commercial construction market in fiscal 2017, as market activity, the Architecture Billings Index, office employment and office vacancy rates all show positive momentum. The company will, meanwhile, maintain its dividend and continue to evaluate repurchasing stock to mitigate dilution from its compensation program.
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The company anticipates growth in mid-single digit for U.S. commercial construction market in fiscal 2017, as market activity, the Architecture Billings Index, office employment and office vacancy rates all show positive momentum. The company will, meanwhile, maintain its dividend and continue to evaluate repurchasing stock to mitigate dilution from its compensation program. Moreover, backlog, bidding activity, and focus on better project selection, productivity and operational improvements, will help it deliver at 12% to 13% operating margin on revenues of $1.2-$1.3 billion by fiscal 2018.
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2016-09-16 00:00:00 UTC
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Why John Deere Is Being Blocked From Buying This Monsanto Technology
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https://www.nasdaq.com/articles/why-john-deere-being-blocked-buying-monsanto-technology-2016-09-16
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The only surprise in the Justice Department suing Monsanto (NYSE: MON) to prevent it from selling its Precision Planting business to John Deere (NYSE: DE) was that the two companies thought it would fly in the first place.
Precision Planting owns 42% of the market, while Deere's ExactEmerge controls 44%. Considering the antitrust regulator's history of opposing big mergers that concentrate industries into the hands of just a few companies, consolidating control of 86% of this emerging technology into portfolio of just one company without offering any compensatory action to ameliorate such concerns should have suggested the deal was dead on arrival.
A precise plan to profit
Deere agreed to purchase Precision Planting for $190 million last November and marked the third time in five weeks it had made a deal in the space. The day before announcing the transaction with Monsanto, it had said it was buying European precision planting manufacturer Monosem, and before that had entered into a joint venture with DN2K to form SageInsights, a data management company for agricultural customers.
Precision planting technologies are seen as the future for farmers because the ability to quickly plant seed at the right depth and interval during the short window of opportunity open to them ought to lead to greater crop yields. Although that's the promise, many variables still come into play that ultimately affect the outcome, including the speed at which the planter is driven and how the field to be planted is tilled (or whether it is tilled at all). Driving too fast over certain terrains will also lead to uneven application.
Crop pricing is key
The equipment is also expensive, which depending upon the pricing farmers are receiving for their crops, may make it a non-essential acquisition. The current pricing climate, though, is seen as beneficial to the equipment manufacturers. Corn prices have tumbled from around $7 per bushel to just about $3, and futures are going around $2.80 per bushel. Wheat is at its lowest level in a decade and beneath the cost of production. Improving crop yields at those levels becomes essential.
Yet as the agricultural and construction industries have declined, so have Deere's prospects and it's suffered through multiple quarters of lower sales. While it remains profitable, sales fell 11% in its recently reported third quarter and net profits were off 4%. Earnings are down 22% year to date.
The promise of precision agriculture to turn around its current trajectory is that it would give Deere key control over every aspect of the technology that farmers were buying. Acquiring Monsanto's business was essential because not only did it sell the planters, but also retrofit equipment that could be attached to existing farm equipment, and do so at significantly lower cost. Where a planter could sell for $150,000, the retrofit devices sell for around $30,000 and held the potential to severely undercut Deere's sales further and gain a dominant market position.
Biotech's big data connection
For Monsanto, selling the division would let it better focus on big data services through its Climate Corp. unit. The sales agreement gave the biotech exclusive near real-time data connectivity between Deere's farm equipment and its own FieldView platform that it's been busy building out. In its most recent quarterly report, Monsanto said the platform had reached more than 13 million paid acres in in its fiscal year and was on target to hit 25 million paid acres next year. Brazil and regions of Canada will also soon have access to the technology.
While the sale and purchase of Precision Planting would be good for both Monsanto and John Deere, the Justice Department said it would be bad for farmers because it would stifle the innovation and price competition that have been the hallmark of the industry thus far. It alleges allowing Deere to buy the business would "allow it to control nearly every method through which American farmers can acquire effective high-speed precision planting systems and provide it with the ability to set prices, output, quality and product features without the constraints of market competition."
Both companies have said they'll fight the lawsuit, and it may be that because precision planting is still an emerging technology even by the Justice Department's standards, and not essential to a farmer's livelihood, they thought they would be able to pass regulatory scrutiny. But with the lawsuit filed, they'll need to show why giving one company a virtual monopoly in the industry is a good idea.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
Rich Duprey has no position in any stocks mentioned. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the sale and purchase of Precision Planting would be good for both Monsanto and John Deere, the Justice Department said it would be bad for farmers because it would stifle the innovation and price competition that have been the hallmark of the industry thus far. Both companies have said they'll fight the lawsuit, and it may be that because precision planting is still an emerging technology even by the Justice Department's standards, and not essential to a farmer's livelihood, they thought they would be able to pass regulatory scrutiny. The only surprise in the Justice Department suing Monsanto (NYSE: MON) to prevent it from selling its Precision Planting business to John Deere (NYSE: DE) was that the two companies thought it would fly in the first place.
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The only surprise in the Justice Department suing Monsanto (NYSE: MON) to prevent it from selling its Precision Planting business to John Deere (NYSE: DE) was that the two companies thought it would fly in the first place. While the sale and purchase of Precision Planting would be good for both Monsanto and John Deere, the Justice Department said it would be bad for farmers because it would stifle the innovation and price competition that have been the hallmark of the industry thus far. Precision Planting owns 42% of the market, while Deere's ExactEmerge controls 44%.
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The only surprise in the Justice Department suing Monsanto (NYSE: MON) to prevent it from selling its Precision Planting business to John Deere (NYSE: DE) was that the two companies thought it would fly in the first place. While the sale and purchase of Precision Planting would be good for both Monsanto and John Deere, the Justice Department said it would be bad for farmers because it would stifle the innovation and price competition that have been the hallmark of the industry thus far. It alleges allowing Deere to buy the business would "allow it to control nearly every method through which American farmers can acquire effective high-speed precision planting systems and provide it with the ability to set prices, output, quality and product features without the constraints of market competition."
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While the sale and purchase of Precision Planting would be good for both Monsanto and John Deere, the Justice Department said it would be bad for farmers because it would stifle the innovation and price competition that have been the hallmark of the industry thus far. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The only surprise in the Justice Department suing Monsanto (NYSE: MON) to prevent it from selling its Precision Planting business to John Deere (NYSE: DE) was that the two companies thought it would fly in the first place.
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2016-09-14 00:00:00 UTC
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How Monsanto Wrangled a Win-Win Deal Out of Bayer
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https://www.nasdaq.com/articles/how-monsanto-wrangled-win-win-deal-out-bayer-2016-09-14
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After months of drama, German chemicals giant Bayer (NASDAQOTH: BAYRY) announced that it and Monsanto (NYSE: MON) have agreed on terms of a merger at $128 per share. The $66 billion deal will create a global giant that represents one-third of all farm inputs, from seeds to crop protection. Make no mistake though, this deal is not without controversy, and there's no easy path to approval from regulators. For Bayer, it may take just as much work getting shareholders of both companies to sign off the union as it will take getting the deal past regulators.
Still a low-ball offer
For all the sound and fury generated by Monsanto that Bayer's previous offers undervalued the biotech, the agreed-upon price -- the fourth bid the German company made for its U.S. counterpart -- is only $0.50 per share higher than the last one. It may be that the $2 billion breakup fee Bayer has offered to pay Monsanto if the merger doesn't go through was the deciding factor in the board of directors' decision to accept the offer, one that's below the $130- to $140-per-share level management had reportedly deemed acceptable.
Bayer is the second biggest producer of crop protection chemicals behind Syngenta (NYSE: SYT) , which Monsanto once tried to acquire but which instead agreed to be bought by China National Chemical. Together, Bayer and Monsanto will be the global leader in seeds and will account for one-third of all global crop inputs. The deal will push Bayer's crop science division from representing 30% of total revenues to about half, a significant restructuring of its business that may not sit well with its investors.
Until Bayer began pursuing Monsanto, it had been shedding assets that were not essential to its primary pharmaceutical business as it transformed into a life sciences company. It shed its plastics business, Covestro in an IPO, as well as its diabetes care business, and it recently announced the sale of its dermatology business. The announcement in May that it wanted to buy Monsanto caused some large shareholders to call the move an "immediate destruction" of shareholder value and to complain that the $122-per-share offer price was too high. It would also hit Bayer's credit rating, as it will be financing the deal mostly with debt, and it already carries a heavy load.
It's not much better on Monsanto's side, as investors -- though supportive of a buyout, as the stock had lost about a third of its value from highs of $125 in 2014 -- were reportedly looking for a price closer to $140 than below $130 a stub.
The middle ground between the two extremes that Bayer chooses looks as though it will appease no one, but Monsanto might hold an ace in its hand.
The $2 billion question
Although their businesses don't overlap much, they may still face antitrust hurdles, as the industry will be consolidated in fewer hands. As noted, Syngenta is being acquired by ChemChina in a $43 billion deal, while Dow Chemical (NYSE: DOW) and DuPont (NYSE: DD) are in the midst of their own $130 billion merger of equals.
According to ETC Group data, Bayer-Monsanto will own 29% of the global seed market, Dow-DuPont will own 21%, and Syngenta-ChemChina will own 9%. In pesticides, the breakdown is 24%, 23%, and 16%, respectively.
The Justice Department has proved to be a harsh critic when significant concentration occurs in an industry, stopping Halliburton from taking over Baker Hughes , Aetna from acquiring Humana , Anthem from buying Cigna , and most recently, John Deere from buying Monsanto's precision planting technology.
The concentration that will occur is certain to worry regulators, which is why the $2 billion breakup fee is important. While Bayer says the high figure represents its confidence that the deal will go through, Monsanto is assuredly looking at it as a windfall to finance its future growth should the merger fail. In context, the breakup fee is equal to almost all of Monsanto's full-year 2015 profits of $2.3 billion.
In short, it's something of a win-win scenario for the biotech. Although the purchase price is below what it would prefer, it still represents a 44% premium to where its stock was trading, and it has the backstop of a big breakup fee if the deal is quashed.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Halliburton. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and 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 deal will push Bayer's crop science division from representing 30% of total revenues to about half, a significant restructuring of its business that may not sit well with its investors. While Bayer says the high figure represents its confidence that the deal will go through, Monsanto is assuredly looking at it as a windfall to finance its future growth should the merger fail. The $66 billion deal will create a global giant that represents one-third of all farm inputs, from seeds to crop protection.
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The $66 billion deal will create a global giant that represents one-third of all farm inputs, from seeds to crop protection. It may be that the $2 billion breakup fee Bayer has offered to pay Monsanto if the merger doesn't go through was the deciding factor in the board of directors' decision to accept the offer, one that's below the $130- to $140-per-share level management had reportedly deemed acceptable. As noted, Syngenta is being acquired by ChemChina in a $43 billion deal, while Dow Chemical (NYSE: DOW) and DuPont (NYSE: DD) are in the midst of their own $130 billion merger of equals.
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Still a low-ball offer For all the sound and fury generated by Monsanto that Bayer's previous offers undervalued the biotech, the agreed-upon price -- the fourth bid the German company made for its U.S. counterpart -- is only $0.50 per share higher than the last one. It may be that the $2 billion breakup fee Bayer has offered to pay Monsanto if the merger doesn't go through was the deciding factor in the board of directors' decision to accept the offer, one that's below the $130- to $140-per-share level management had reportedly deemed acceptable. The $66 billion deal will create a global giant that represents one-third of all farm inputs, from seeds to crop protection.
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The Motley Fool is short John Deere. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The $66 billion deal will create a global giant that represents one-third of all farm inputs, from seeds to crop protection.
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2016-09-14 00:00:00 UTC
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Caterpillar (CAT) in a Rough Patch: Will It Turn Around?
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https://www.nasdaq.com/articles/caterpillar-cat-in-a-rough-patch%3A-will-it-turn-around-2016-09-14
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On Sep 13, 2016, we issued an updated research report on the mining and equipment behemoth, Caterpillar Inc. CAT . Caterpillar has been struggling with weak mining, evident from its sales growth which remains in the red for an unprecedented 44 months. We believe relentless cost saving actions and improvement in construction are the only means for the company to stay afloat.
Caterpillar recently reported a 19% plunge in its global retail sales for the three-month period ending Jul 2016, close to the worst monthly performance of a decline of 21% witnessed in Feb 2016. After remaining stable at a drop of 12% in the prior three months, the sales graph has again taken a dip. So far this year, the monthly sales have posted an average fall of 14.8%.
Caterpillar's results continue to reflect tough market conditions for many of its businesses - mining, oil and gas, and rail. The second-quarter performance was no different as the company suffered a 22% plunge in earnings to $1.09 per share. It remains cautious for the second half of the year and does not expect an upturn in these markets.
Even though commodity prices seem to have stabilized, it still remains at low levels. Further, global uncertainty clouds the outlook given the surprising Brexit outcome and the turmoil in Turkey. Caterpillar now projects revenues in the $40-$40.5 billion range, as against the previous outlook of $40-$42 billion. It also anticipates earnings per share (excluding restructuring costs) of $3.55, down from the earlier projection of $3.70.
Further, at second-quarter end, Caterpillar's backlog was $11.8 billion, a $1.3 billion decline sequentially and down $3 billion year over year. This does not bode well for third-quarter performance.
In a separate development, Joy Global JOY will be acquired by Japanese mining and construction equipment maker and seller Komatsu Ltd. Komatsu will continue to offer its unrivaled Dantotsu products, services and solutions to its customers. In addition, the Joy Global buyout will add underground mining and super large-sized loading equipment for surface mining to Komatsu's existing portfolio. The combined company could, thus, pose a stiff challenge to Caterpillar.
In the wake of choppy end markets, Caterpillar's goal is to reduce costs, such that the decline in operating profit is no more than 25-30% of the decline in sales and revenues. The company has boosted its restructuring actions and has effectively reduced $1.1 billion in costs year to date and plans a target of over $2 billion for 2016. In line with this, Caterpillar recently announced it is contemplating allocation of the volumes produced at its facility in Gosselies, Belgium, to other manufacturing facilities to reduce manufacturing capacity and cut down operating costs in the wake of lower demand.
Caterpillar anticipates lower period costs that include period manufacturing, SG&A and R&D of in 2016. This is mainly due to substantial restructuring actions implemented near the end of 2015 and continuing in 2016.
Another ray of hope for the company is that construction-related activity is picking up. The Architecture Billings Index, which is considered a leading indicator of U.S. non-residential construction, has remained above 50 in recent months, signaling robust conditions ahead for the construction industry. Improvement in the construction sector will help to partially mitigate the impact of the soft mining sector.
Caterpillar repurchased approximately $2 billion of its common stock during 2015. No repurchases were made in the first half of 2016. The company ended the quarter with cash and short-term investments of $6.8 billion, while its debt-to-capital ratio at ME&T was 39%, within its targeted range of 30-45%. Further share repurchases will be accretive to earnings.
Caterpillar currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Other stocks in the sector worth considering are Astec Industries, Inc. ASTE and Deere & Co. DE . Both of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CATERPILLAR INC (CAT): Free Stock Analysis Report
ASTEC INDS INC (ASTE): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
JOY GLOBAL INC (JOY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Caterpillar has been struggling with weak mining, evident from its sales growth which remains in the red for an unprecedented 44 months. Caterpillar recently reported a 19% plunge in its global retail sales for the three-month period ending Jul 2016, close to the worst monthly performance of a decline of 21% witnessed in Feb 2016. Further, at second-quarter end, Caterpillar's backlog was $11.8 billion, a $1.3 billion decline sequentially and down $3 billion year over year.
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Caterpillar anticipates lower period costs that include period manufacturing, SG&A and R&D of in 2016. Click to get this free report CATERPILLAR INC (CAT): Free Stock Analysis Report ASTEC INDS INC (ASTE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report To read this article on Zacks.com click here. Caterpillar has been struggling with weak mining, evident from its sales growth which remains in the red for an unprecedented 44 months.
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Caterpillar recently reported a 19% plunge in its global retail sales for the three-month period ending Jul 2016, close to the worst monthly performance of a decline of 21% witnessed in Feb 2016. Further, at second-quarter end, Caterpillar's backlog was $11.8 billion, a $1.3 billion decline sequentially and down $3 billion year over year. Click to get this free report CATERPILLAR INC (CAT): Free Stock Analysis Report ASTEC INDS INC (ASTE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar recently reported a 19% plunge in its global retail sales for the three-month period ending Jul 2016, close to the worst monthly performance of a decline of 21% witnessed in Feb 2016. Further, at second-quarter end, Caterpillar's backlog was $11.8 billion, a $1.3 billion decline sequentially and down $3 billion year over year. Caterpillar has been struggling with weak mining, evident from its sales growth which remains in the red for an unprecedented 44 months.
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f859a353-3c49-4084-8fa2-b108883b85fb
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722588.0
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2016-09-13 00:00:00 UTC
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Deere (DE) Announces Changes in Senior Management Team
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DE
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https://www.nasdaq.com/articles/deere-de-announces-changes-in-senior-management-team-2016-09-13
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Agricultural equipment maker, Deere & CompanyDE , declared changes to its senior management team due to the planned retirement of Michael J. Mack, the current Group President, John Deere Financial Services, Global Human Resources and Public Affairs.
Mack is retiring after more than 30 years of distinguished service. He worked in four business divisions at Deere and was based in multiple U.S. cities as well as in Europe.
On the other hand, Marc A. Howze - the present Vice President, Human Resources - will be appointed as Senior Vice President and Chief Administrative Officer. His responsibilities will now include human resources, labor relations, public affairs, communications, brand management, and security.
Deere & Co Price
Deere & Co Price | Quote
Howze joined Deere in 2001 and has served in a number of positions in the company's legal department, including Associate General Counsel and Corporate Secretary. The new position will let him focus on improved integration of important enterprise functions to drive employee engagement and effective execution of the John Deere Strategy.
Further, Reed will be appointed as President of John Deere Financial. Reed is currently serving Deere as Senior Vice President in the Worldwide Agriculture & Turf Division, with responsibility for the Intelligent Solutions Group. He has been involved in developing and implementing Deere's precision agriculture strategy.
Deere currently sports a Zacks Rank #1 (Strong Buy).
Other favorably placed stocks in the same sector are Berry Plastics Group, Inc. BERY , Gorman-Rupp Co. GRC and DXP Enterprises, Inc. DXPE . All these stocks sport the same Zacks Rank as Deere. You can see the complete list of today's Zacks #1 Rank stocks here .
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
DXP ENTERPRISES (DXPE): Free Stock Analysis Report
GORMAN RUPP CO (GRC): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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His responsibilities will now include human resources, labor relations, public affairs, communications, brand management, and security. The new position will let him focus on improved integration of important enterprise functions to drive employee engagement and effective execution of the John Deere Strategy. Reed is currently serving Deere as Senior Vice President in the Worldwide Agriculture & Turf Division, with responsibility for the Intelligent Solutions Group.
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Agricultural equipment maker, Deere & CompanyDE , declared changes to its senior management team due to the planned retirement of Michael J. Mack, the current Group President, John Deere Financial Services, Global Human Resources and Public Affairs. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report DXP ENTERPRISES (DXPE): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. He worked in four business divisions at Deere and was based in multiple U.S. cities as well as in Europe.
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Agricultural equipment maker, Deere & CompanyDE , declared changes to its senior management team due to the planned retirement of Michael J. Mack, the current Group President, John Deere Financial Services, Global Human Resources and Public Affairs. Deere & Co Price Deere & Co Price | Quote Howze joined Deere in 2001 and has served in a number of positions in the company's legal department, including Associate General Counsel and Corporate Secretary. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report DXP ENTERPRISES (DXPE): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Agricultural equipment maker, Deere & CompanyDE , declared changes to its senior management team due to the planned retirement of Michael J. Mack, the current Group President, John Deere Financial Services, Global Human Resources and Public Affairs. All these stocks sport the same Zacks Rank as Deere. Confidential from Zacks Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public?
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30a5082e-522e-446a-94bf-bec0424ef993
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722589.0
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2016-09-12 00:00:00 UTC
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Is Deere & Company (DE) Stock A Great Combo of Value and Growth?
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DE
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https://www.nasdaq.com/articles/is-deere-company-de-stock-a-great-combo-of-value-and-growth-2016-09-12
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Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Deere & CompanyDE .
Deere & Companyin Focus
DE may be an interesting play thanks to its forward PE of 19.32, its P/S ratio of 1.12, and its decent dividend yield of 2.9%. These factors suggest that Deere & Company is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that DE has decent revenue metrics to back up its earnings.
DEERE & CO PE Ratio (TTM)
DEERE & CO PE Ratio (TTM) | DEERE & CO Quote
But before you think that Deere & Company is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 9.8% in the past 30 days, thanks to 9 upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push DE to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So really, Deere & Company is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 & Companyin Focus DE may be an interesting play thanks to its forward PE of 19.32, its P/S ratio of 1.12, and its decent dividend yield of 2.9%. This estimate strength is actually enough to push DE to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.
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DEERE & CO PE Ratio (TTM) DEERE & CO PE Ratio (TTM) | DEERE & CO Quote But before you think that Deere & Company is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Deere & CompanyDE .
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DEERE & CO PE Ratio (TTM) DEERE & CO PE Ratio (TTM) | DEERE & CO Quote But before you think that Deere & Company is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. So really, Deere & Company is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends?
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So really, Deere & Company is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Deere & CompanyDE .
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40a2c1c4-7e80-4c16-9fef-2bc3a1bca180
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722590.0
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2016-09-10 00:00:00 UTC
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Banks' Best Borrowers Are Showing Signs of Trouble
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DE
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https://www.nasdaq.com/articles/banks-best-borrowers-are-showing-signs-trouble-2016-09-10
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For years leading up the financial crisis in 2008, single-family home mortgages performed splendidly. During the 17-year period from 1991 to 2008, single-family home charge-offs never once topped 0.5% on avarage. But then charge-offs exploded to a peak of 2.75% in the fourth quarter of 2009, breaking a multidecade history of extraordinarily strong performance.
And while the Great Recession brought multidecade underwriting records to an end, one group escaped relatively unscathed: the American farmer.
The truth is that agricultural lending has been good for nearly 30 years. You have to go all the way back to the "Farm Crisis" of the 1980s to see truly elevated charge-offs. (The Farm Crisis was primarily driven by rapidly rising interest rates and declining per-acre profitability, decimating the income of the American farming industry.)
Same story, different industry
Many of the underlying themes of the housing crisis are at play in the agricultural industry. Falling interest rates and rocketing commodity prices led to rapid increases in the value of farmland, which bailed out would-be bad loans. Meanwhile, banks have experienced decades of exceptional credit performance in agricultural lending, giving them the confidence to extend more and more credit to the industry.
But whether we're talking about single-family homes or loans to cover a farm's operating expenses, all good credit records eventually come to an end. Already, agricultural production loan delinquency rates -- the amount of past-due loans as a percentage of all production loans -- has increased from a seasonally adjusted post-crisis low of 0.67% in 2014 to a recent reading of 1.09%.
Future delinquencies and losses could be headed higher, as Midwest farmland prices fell by 4% from a year ago, the biggest quarterly drop since 1987, according to a recent article by The Wall Street Journal citing Chicago Fed data.
The Kansas City Fed piggybacked weak data from the Chicago Fed with a concerning statistic. Its most-recent report suggested that as many as 22% of farm loans have at least minor repayment problems. The share of farm loans with major or severe repayment problems jumped to 7%, well above the 3% average from 2011 to 2013. Meanwhile, Deere & Company , by far one of the largest beneficiaries of farm profitability, referred to a "global farm recession" on its most recent conference call. Falling prices in everything from corn and soybeans to milk are negatively impacting farms and related industries.
How it affects you
To be fair, outsize farm loan losses wouldn't be an economic disaster in the way the housing market collapse was. Commercial banks hold less than $165 billion in farm-related loans on their collective balance sheets. But bad loans don't need to cause Great Financial Crisis-like economic catastrophe to hurt bank investors.
The most meaningful losses would be seen in the most-exposed community banks, which are largely concentrated in the midwest. A BatchGeo map suggests that more than 1,800 banks have agriculture exposures greater than 20% of their total loans.
Source: BatchGeo.com
Publicly traded banks with high exposures include Great Western Bancorp , which recently reported that 24% of its loans were agriculture loans. Approximately 15% of German American Bancorp 's loans were classified as agriculture loans as of its most recent financial filings. These exposures can be deceptive, as leverage multiplies the impact of loan losses. Great Western's agriculture loans were equal to more than 126% of its equity, while German American's agriculture loans topped 85% of equity.
All this is to say that investing in banks requires that investors pay more attention to seemingly trivial portions of an income statement or balance sheet than they might for...say, a tech stock or utility. A loan portfolio equal to 5% of assets can effectively make up 50% of a bank's net worth when leveraged 10 times over.
And while future performance in agriculture lending will vary by lender -- loan loss experience is never uniform across the industry -- community bank investors in particular should give agriculture loans on bank balance sheets much more scrutiny than they might have just a few years ago.
A secret billion-dollar stock opportunity
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Jordan Wathen has no position in any stocks mentioned. The Motley Fool is short John Deere. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Future delinquencies and losses could be headed higher, as Midwest farmland prices fell by 4% from a year ago, the biggest quarterly drop since 1987, according to a recent article by The Wall Street Journal citing Chicago Fed data. But then charge-offs exploded to a peak of 2.75% in the fourth quarter of 2009, breaking a multidecade history of extraordinarily strong performance. And while the Great Recession brought multidecade underwriting records to an end, one group escaped relatively unscathed: the American farmer.
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Source: BatchGeo.com Publicly traded banks with high exposures include Great Western Bancorp , which recently reported that 24% of its loans were agriculture loans. And while future performance in agriculture lending will vary by lender -- loan loss experience is never uniform across the industry -- community bank investors in particular should give agriculture loans on bank balance sheets much more scrutiny than they might have just a few years ago. But then charge-offs exploded to a peak of 2.75% in the fourth quarter of 2009, breaking a multidecade history of extraordinarily strong performance.
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Already, agricultural production loan delinquency rates -- the amount of past-due loans as a percentage of all production loans -- has increased from a seasonally adjusted post-crisis low of 0.67% in 2014 to a recent reading of 1.09%. And while future performance in agriculture lending will vary by lender -- loan loss experience is never uniform across the industry -- community bank investors in particular should give agriculture loans on bank balance sheets much more scrutiny than they might have just a few years ago. But then charge-offs exploded to a peak of 2.75% in the fourth quarter of 2009, breaking a multidecade history of extraordinarily strong performance.
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Future delinquencies and losses could be headed higher, as Midwest farmland prices fell by 4% from a year ago, the biggest quarterly drop since 1987, according to a recent article by The Wall Street Journal citing Chicago Fed data. And while future performance in agriculture lending will vary by lender -- loan loss experience is never uniform across the industry -- community bank investors in particular should give agriculture loans on bank balance sheets much more scrutiny than they might have just a few years ago. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
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4d637dda-b8f2-4593-baba-d39a9c0e6ba5
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722591.0
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2016-09-08 00:00:00 UTC
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Fear On the Leading Edge of the Dollar Hurricane
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https://www.nasdaq.com/articles/fear-leading-edge-dollar-hurricane-2016-09-08
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
BUCHAREST - If you've never been to this town, it is at once Paris on the come and a frayed remnant of Soviet architectural banality. By which I mean, what you see is what you're inclined to see.
I've come to this analogy looking out the window of my quaint, Beaux Arts hotel and seeing 19th-century buildings that I might call "ghetto chic" and in need of some care and cash to restore their glory (I happen to be partial to this city) … while others just see "ghetto" and walk away.
Just depends on what you're inclined to see.
Bringing this to mind is the Washington Post article I happen to be reading on my phone as I look out over Bucharest. I find myself wondering: What inclinations hide here? What is this reporter not telling me that might provide an analysis fundamentally different from his?
The story he has written is the latest on America's international trade in goods and services for July, which happened to be released in September. Basically, our trade deficit.
Novocain to the brain, I know. But hang with me a moment. There's a salient point here that explains why monthly headline numbers and the news coverage you generally get tell you very little about the economic winds swirling around you, or the broader implications, which are, in this case, quite troubling for your near-term future and mine.
This particular Post scribe wants me to know that America's trade gap narrowed by 11.6% in July - more than forecast, I'm told, so, I guess, salad days are here again, or at least on the way. The value of shipments to overseas customers also perked up - to a 10-month high, no less! That pickup in exports (theoretically a bright spot and around which today's dispatch ultimately revolves) surged because of food sales.
We're in high cotton now, dear reader. High cotton, indeed.
Just don't try selling that cotton to anyone who's seen the statistics. Nobody who knows how it was made is buying it.
5 Stocks to Buy for September
Back in the day, I was a financial reporter at The Wall Street Journal , and when I smelled a rotting fish, my reflexes sent me in search of the source to examine that fish myself.
And so I did. I pulled the Commerce Department's raw data. And you know what? This fish stinks for a reason…
A Strong Dollar Squeezes Profits
I'll get to the stink in a moment, but first - who cares?
Exports account for nearly 50% of revenues inside the S&P 500 and, as such, are a key reason the S&P's operating earnings are down now for seven consecutive quarters - the longest contraction in at least 20 years.
That's because exports are a primary victim of the strong U.S. dollar. As our Benjamins rise against other currencies, consumers and businesses outside America can afford fewer and fewer products made in America because "American-made" is suddenly too costly in terms of the local yen, euros, pounds, pesos or shekels.
So, fewer Deere & Company ( DE ) tractors are leaving the showrooms in Brazil. Canadians struggling through a midlife crisis are buying nearly 10% fewer Harley-Davidson Inc ( HOG ) motorcycles. Just two examples of a larger trend, and the leading edge of the dollar hurricane.
On the backside, the sales that do occur in euros, Brazilian reals and loonies buy fewer and fewer dollars here at home when the cash is repatriated.
Managements running companies such as Deere and Harley-Davidson then do what Wall Street demands - they cut costs to preserve bottom-line profits for crotchety shareholders and trigger-happy money managers for whom a penny's miss on per-share earnings is a cardinal sin.
As an act of contrition, Deere and Harley-Davidson lay off higher-wage workers (as all three have), and those lost jobs ripple through Uncle Sam's economy and his GDP slows.
And yet, the Fed and the White House crow about an economy at near-full employment - never mind that the new jobs responsible for near-full employment are largely low-wage jobs mixing martinis and setting up appointments in a doctor's office.
Now, about that stink the Washington Post was peddling as fresh fish…
Blame China
You see, the month of July isn't the story of a trade gap narrowing or export values at a 10-month high. That's like writing the story of the elephant based on its small tail.
Exports did increase by $3.62 billion from June to July, which, one might surmise, has Uncle Sam's economy moving in the right direction at least. Alas, no.
Nearly $3.56 billion of that increase was due to unexpectedly large shipments of soybeans, primarily to China as the Middle Kingdom manages what is apparently a pork shortage. China operates the world's largest "strategic pork reserve" (no, really), and hogs grow fat on soybean meal, yet China's soy production has suffered of late.
The rest of the month's data … not so great.
But even that's not the real point.
Beware the Fed's Pied Piper
At the other end of the elephant's tail is the broader impact of the strong dollar over time, since one month does not a trend make. A trend makes a trend, and the trend of American exports in a strong-dollar world is depressing.
Exports of American goods and services are down nearly $64 billion so far this year. Every primary category is sucking on a barrel of red ink - foods, feeds and beverages; industrial supplies and materials; capital goods, except automotive; automotive vehicles, parts and engines; and consumer goods.
All down.
For 19 consecutive months on a year-over-year basis.
That we might rightly call a trend.
Yet the $64 billion in lost exports is but a 5% decline from a year ago. Yet even that pittance is imposing huge costs on the economy. Imagine the impact to Deere and Harley-Davidson if the dollar strengthens more.
That is context for every Federal Reserve meeting from here on out, which is context for the two biggest risks in the global economy today … the U.S. dollar and Fed policy.
Into this trend various members of the Fed sing a song of an economy healthy enough to handle higher borrowing costs. Various economists hum along to the same nonsense. Wall Street dances to the lovely tune.
The 7 Best Monthly Dividend Stocks to Buy Now
Maybe you remember, dear reader, that the Pied Piper led rats and children to their deaths in 13th-century Saxony with enchanting music.
Sure, interest rates need to rise. Rates should never have been this low to begin with. But they are low because of government profligacy and hideous Fed policy back into the 1980s.
Low rates have perverted savings and investment patterns. They've stolen wealth from righteous savers and showered it upon wastrel borrowers, most particularly the bloated Western governments. And they've blown ridiculously large bubbles in stocks, bonds and real estate. Those will burst.
That's guaranteed.
It won't be pretty .
See, the world is addicted to low-rate dollar debt. It's the opiate of corporate, consumer and governmental masses who always need just one more hit to make the pain go away. Companies from Ukraine to Brazil to Malaysia have been mainlining the stuff by the trillions for a nearly a decade now.
Raise interest rates in America and you've got yourself a problem that potentially spins our current mini-depression into a Greater Depression.
Higher rates mean the debt-addled face higher
The post The Leading Edge of the Dollar Hurricane appeared first on ValueWalk .
More From InvestorPlace
7 Deeply Underloved Stocks to Buy Now
5 Stocks to Sell for September
The post Fear On the Leading Edge of the Dollar Hurricane 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There's a salient point here that explains why monthly headline numbers and the news coverage you generally get tell you very little about the economic winds swirling around you, or the broader implications, which are, in this case, quite troubling for your near-term future and mine. Now, about that stink the Washington Post was peddling as fresh fish… Blame China You see, the month of July isn't the story of a trade gap narrowing or export values at a 10-month high. The 7 Best Monthly Dividend Stocks to Buy Now Maybe you remember, dear reader, that the Pied Piper led rats and children to their deaths in 13th-century Saxony with enchanting music.
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Now, about that stink the Washington Post was peddling as fresh fish… Blame China You see, the month of July isn't the story of a trade gap narrowing or export values at a 10-month high. More From InvestorPlace 7 Deeply Underloved Stocks to Buy Now 5 Stocks to Sell for September The post Fear On the Leading Edge of the Dollar Hurricane appeared first on InvestorPlace . Just depends on what you're inclined to see.
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Now, about that stink the Washington Post was peddling as fresh fish… Blame China You see, the month of July isn't the story of a trade gap narrowing or export values at a 10-month high. Beware the Fed's Pied Piper At the other end of the elephant's tail is the broader impact of the strong dollar over time, since one month does not a trend make. More From InvestorPlace 7 Deeply Underloved Stocks to Buy Now 5 Stocks to Sell for September The post Fear On the Leading Edge of the Dollar Hurricane appeared first on InvestorPlace .
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Now, about that stink the Washington Post was peddling as fresh fish… Blame China You see, the month of July isn't the story of a trade gap narrowing or export values at a 10-month high. More From InvestorPlace 7 Deeply Underloved Stocks to Buy Now 5 Stocks to Sell for September The post Fear On the Leading Edge of the Dollar Hurricane appeared first on InvestorPlace . Just depends on what you're inclined to see.
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722592.0
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2016-09-08 00:00:00 UTC
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3 Warren Buffett Stocks to Buy in September
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https://www.nasdaq.com/articles/3-warren-buffett-stocks-buy-september-2016-09-08
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Image Source: Flickr via user DonkeyHotey
So far in 2016, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has continued its rich tradition of beating the broader markets, and done so in impressive fashion:
BRK.B data by YCharts
The secret behind Berkshire's enduring success has been its defensive investing strategy, which entails (among other things) owning companies with strong economic moats, solid balance sheets, and top managerial teams -- but not necessarily jaw-dropping growth prospects. With this in mind, three of our Foolish contributors discuss the merits of stocks that sport those key characteristics. Read on to find out which ones they recommend and why.
Trash can be treasure
Daniel Miller : Investors looking for "Warren Buffett" stocks should prioritize companies that possess economic moats.
One stock that fits the bill is Stericycle (NASDAQ: SRCL) . It's difficult to summarize all of the services Stericycle provides, but among its chief services, it helps businesses such as hospitals, clinics and dental offices deal with the complicated and strictly regulated process of disposing of medical, hazardous, and pharmaceutical waste. As such, the company is a highly trusted provider of high-value, high-margin, outsourced services.
Stericycle helps businesses comply with standards from a wide array of regulatory agencies, such as the EPA, DEA, FDA, OSHA, DOT, HIPAA, and FACTA, among others. As regulations grew stricter and the costs of compliance skyrocketed, the number of companies competing with Stericycle dropped precipitously. The company now possesses unrivaled scale and regulatory experience in its niches.
There are a couple of growth catalysts that should benefit Stericycle and its investors. Rising costs have created an environment in which many hospitals are choosing to outsource medical waste services rather than operate their own expensive incinerators. It's easier and cheaper for Stericycle to scale up and dispose of waste from multiple hospitals than it is for individual hospitals to efficiently destroy their own waste.
Also, the company has recently begun to expand the services it offers. For example, last year, it acquired document destruction specialist Shred-It. If Stericycle can expand its customer base beyond the healthcare industry, it could open the floodgates for its top and bottom lines. However, there is a risk that if Stericycle stretches too far and can't create synergies between its offerings, it could fail to return value to shareholders.
Fortunately, as you can see in the graph below, Stericycle has a solid track record of financial performance, making this a Warren Buffett stock, in my opinion.
Image Source: Stericycle's Story Presentation
The rare pharma stock that fits Buffett's bill
George Budwell : Since its inception, Berkshire Hathaway hasn't owned many pharmaceutical stocks, presumably due to their lack of strong economic moats. The pharmaceutical industry, after all, is known for its rapid pace of innovation, intense competition, and a precarious regulatory environment that can erode profits in the blink of an eye.
Johnson & Johnson (NYSE: JNJ) , though, has occupied a space in Berkshire's portfolio for over a decade at this point, and for good reason. Despite the typical churn of products within its pharma business segment, J&J's total returns have still outpaced those of the S&P 500 over the last decade by a wide margin:
JNJ Total Return Price data by YCharts .
The key to its success has been J&J's commitment to spending a significant chunk of its cash flow on R&D to replenish its pharma product portfolio. In this way, it has been able to remain one of the fastest-growing pharmaceutical companies in the world, which has enabled the company to post 32 consecutive years of adjusted earnings increases and 54 consecutive years of dividend increases.
But the best part -- and the main reason to buy this stock now -- is that there's no reason to believe those trend will reverse course anytime soon. J&J's immense clinical pipeline sports more than 30 late-stage trials at the moment, putting it on track to bring multiple new products to market and win label expansions for older ones within the next few years.
This farm-equipment leader has proved its mettle, yet again
Neha Chamaria : Did you hear about Warren Buffett unwinding Berkshire's nearly 6% stake in Deere & Company (NYSE: DE) during the second quarter? Good if you didn't, for August turned out to be one of Deere's best months in recent times, with the stock surging almost 10%.
Farming's fundamentals have weakened considerably in recent quarters as low crop prices have hurt farm income and reduced demand for new farm equipment. Buffett, perhaps, doesn't expect things to improve in the near term, which is why he sold off some shares. But wait: That was in the second quarter, and I wouldn't be surprised if Berkshire Hathaway's third-quarter filings reveal higher stakes in Deere again. That's because Deere remains firmly on a growth track, irrespective of the business conditions.
Deere not only crushed analysts' estimates by a gaping margin during its last quarter, it also upgraded its full-year net income outlook by almost 13% to $1.35 billion. That comes on the back of aggressive cost-control moves that are helping Deere grow its profits despite challenges: Its equipment operations (which exclude its financial arm) earned 3% higher net profits year over year in the last quarter on 14% lower sales. Management even suggested another $500 million in cost reductions by 2018 if the agriculture markets remain weak. That should renew investors' confidence in management, and remove any fears of a dividend cut. In fact, Deere was also free-cash-flow positive in the last twelve months, and continues to boast best-in-class returns on equity.
Long story short, I believe Deere's strong execution in the last quarter to have been a good wake-up call for investors who lost faith in the industry stalwart in recent months.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
Daniel Miller has no position in any stocks mentioned. George Budwell owns shares of Berkshire Hathaway (B shares). Neha Chamaria has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares) and Johnson and Johnson. The Motley Fool is short John Deere. The Motley Fool recommends Stericycle. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Flickr via user DonkeyHotey So far in 2016, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has continued its rich tradition of beating the broader markets, and done so in impressive fashion: BRK.B data by YCharts The secret behind Berkshire's enduring success has been its defensive investing strategy, which entails (among other things) owning companies with strong economic moats, solid balance sheets, and top managerial teams -- but not necessarily jaw-dropping growth prospects. J&J's immense clinical pipeline sports more than 30 late-stage trials at the moment, putting it on track to bring multiple new products to market and win label expansions for older ones within the next few years. This farm-equipment leader has proved its mettle, yet again Neha Chamaria : Did you hear about Warren Buffett unwinding Berkshire's nearly 6% stake in Deere & Company (NYSE: DE) during the second quarter?
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Despite the typical churn of products within its pharma business segment, J&J's total returns have still outpaced those of the S&P 500 over the last decade by a wide margin: JNJ Total Return Price data by YCharts . Image Source: Flickr via user DonkeyHotey So far in 2016, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has continued its rich tradition of beating the broader markets, and done so in impressive fashion: BRK.B data by YCharts The secret behind Berkshire's enduring success has been its defensive investing strategy, which entails (among other things) owning companies with strong economic moats, solid balance sheets, and top managerial teams -- but not necessarily jaw-dropping growth prospects. It's difficult to summarize all of the services Stericycle provides, but among its chief services, it helps businesses such as hospitals, clinics and dental offices deal with the complicated and strictly regulated process of disposing of medical, hazardous, and pharmaceutical waste.
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Image Source: Flickr via user DonkeyHotey So far in 2016, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has continued its rich tradition of beating the broader markets, and done so in impressive fashion: BRK.B data by YCharts The secret behind Berkshire's enduring success has been its defensive investing strategy, which entails (among other things) owning companies with strong economic moats, solid balance sheets, and top managerial teams -- but not necessarily jaw-dropping growth prospects. It's difficult to summarize all of the services Stericycle provides, but among its chief services, it helps businesses such as hospitals, clinics and dental offices deal with the complicated and strictly regulated process of disposing of medical, hazardous, and pharmaceutical waste. As such, the company is a highly trusted provider of high-value, high-margin, outsourced services.
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Image Source: Flickr via user DonkeyHotey So far in 2016, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has continued its rich tradition of beating the broader markets, and done so in impressive fashion: BRK.B data by YCharts The secret behind Berkshire's enduring success has been its defensive investing strategy, which entails (among other things) owning companies with strong economic moats, solid balance sheets, and top managerial teams -- but not necessarily jaw-dropping growth prospects. It's difficult to summarize all of the services Stericycle provides, but among its chief services, it helps businesses such as hospitals, clinics and dental offices deal with the complicated and strictly regulated process of disposing of medical, hazardous, and pharmaceutical waste. As such, the company is a highly trusted provider of high-value, high-margin, outsourced services.
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722593.0
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2016-09-06 00:00:00 UTC
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Dividends & Income Digest: Are You An 'Essentialist' Investor?
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DE
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https://www.nasdaq.com/articles/dividends-income-digest-are-you-essentialist-investor-2016-09-06
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nan
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nan
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By SA Editor Robyn Conti :
As we say farewell to long, lazy, warm days and get ready for the brisker weather and pace of Fall, I wanted to share with you a book that originally wasn't on my summer reading list, but came into my life just when I needed it. It's called " Essentialism: The Disciplined Pursuit of Less " by Greg McKeown. The concepts he discusses are deeper than I have the bandwidth to cover here, but as the book's name implies, the basic premise is "less, but better."
In other words, essentialism is the process of editing your life to make room only for what truly excites and motivates you, and creating space for the pursuits you're most passionate about, where you can contribute the most value based on your talents and convictions. It's about eliminating what McKeown calls the "trivial many" and focusing on the vital few. Essentialism is living with intent, being your most authentic self, and saying "Yes" only to the things that matter.
The book resonated with me on so many levels, but especially because 2016 has been a year where I've been consciously shifting my mindset from one of obligation to one of intent, and finding ways to live more simply and true to myself. Being more of an essentialist might also give me the excuse I need to outsource tedious, trivial household chores like laundry, cleaning and grocery shopping (I'm half-kidding).
But then I got to thinking, could we apply the concepts of essentialism to investing? I believe the answer is "Yes." At times, investing comes with so much noise, so much turmoil, so much emotion. And as we've talked about many times here on Seeking Alpha, it's really not about any of that, but about a steady, consistent process that, when you strip out all of the human garbage, generally delivers positive results over time. As with anything in life, except death and taxes, there are no guarantees, and the past is no guarantee of future performance; but when you develop a process and stick to it, you're more likely to achieve your investing goals, thus creating the income and wealth you desire.
It sounds so simple, but being human, we complicate it. We listen to the talking heads on TV with their latest sensational gloom and doom prognostications. We allow our strategies to be derailed by short-term volatility and uproar (Brexit and the Fed's perpetual waffling, anyone?). We then inject our emotions into those decisions. And we take actions that may be contrary to our internal compass, our best judgment, or our original goals. That's when things really start to get ugly. Looking back, if you've ever made an investing mistake, you can probably pinpoint that error to a specific departure of your sanity, or at the very least, your common sense.
All this to say - and this isn't anything that hasn't been talked about in our community before, but I think it's an important reminder - we all know better. We know investing is more about the long game and keeping our heads on straight. It's about stripping away the noise and focusing on what made us get into those investments in the first place. Not that selling isn't an option - but it's worth a sincere gut check to make sure you really understand the reasons WHY you're selling.
I think dividend growth investors are pretty adept at tuning out the macro and market noise and sticking to a defined strategy. In fact, I think you all do it better than most. But it boils down to what's essential, and that's probably a little bit different for every person. And that's all about choice. Again, the decisions we make are unique to each one of us, depending on our temperament, risk tolerance and goals.
Essentialism author McKeown writes that "'less, but better' is an idea whose time has come." Today, we have so many choices and there's so much social pressure, not just in investing, but in all walks of life - and sadly, while we've been told we can have it all, we can't. Nor should we expect to. It just isn't humanly possible. I'm okay with that. Are you?
I think by choosing to focus your strategies on dividend growth investing and the steady stream of income it's designed to produce, you've planted your flag and declared how you intend to approach building your wealth. What's more, by sharing your strategies and ideas on Seeking Alpha, you're bringing your passion to the fore and making a truly valuable contribution. And that's very essentialist, indeed.
Now it's your turn to weigh in. Do you think essentialism applies to investing? Do you take an essentialist approach to your own portfolio? Have there been times when you've strayed from your core investing strategy and it's resulted in disaster? Did you know better, but did it anyway? What do you think of the "less, but better" idea, whether it applies to investing or other areas of your life?
And now, on to the week's Dividends & Income news and analysis:
Why I Sold John Deere by Eric Landis
Gilead Sciences: Stay Focused On Yields by Stone Fox Capital
Revamping My Dividend Growth Portfolio by Nicholas Ward
Omega Healthcare's Shares May Be About To Fall Off A Cliff: Here Are 3 Reasons Why That's Potentially Wonderful News by Dividend Sensei
Prospect Capital: Harbortouch To The Rescue by BDC Buzz
Like Buffett, This Dividend Growth Investor Digs An Economic Moat by Mike Nadel
Have You Put Your Dividend Portfolio Through The Risk Wringer? by Adam Aloisi
Why Valuation Matters To Dividend Growth Investors by David Van Knapp
Prospect Capital's Results For Fiscal Q4 2016 - My Assessment (Including Current Price Target) by Scott Kennedy
Is 3 Enough? How About 6? Re-Thinking A 10-ETF Portfolio by Dividend Sleuth
85-Stock Portfolio Review By Dividend Payment Month Groups, CCC Status, Moats And New Purchases by RoseNose
Omega Healthcare Investors: Still A Buy? by Casey Hoerth
See also Concordia International - U.K. Deals The Death Blow... Is Insolvency Near? on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 SA Editor Robyn Conti : As we say farewell to long, lazy, warm days and get ready for the brisker weather and pace of Fall, I wanted to share with you a book that originally wasn't on my summer reading list, but came into my life just when I needed it. I think by choosing to focus your strategies on dividend growth investing and the steady stream of income it's designed to produce, you've planted your flag and declared how you intend to approach building your wealth. by Adam Aloisi Why Valuation Matters To Dividend Growth Investors by David Van Knapp Prospect Capital's Results For Fiscal Q4 2016 - My Assessment (Including Current Price Target) by Scott Kennedy Is 3 Enough?
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And now, on to the week's Dividends & Income news and analysis: Why I Sold John Deere by Eric Landis Gilead Sciences: Stay Focused On Yields by Stone Fox Capital Revamping My Dividend Growth Portfolio by Nicholas Ward Omega Healthcare's Shares May Be About To Fall Off A Cliff: Here Are 3 Reasons Why That's Potentially Wonderful News by Dividend Sensei Prospect Capital: Harbortouch To The Rescue by BDC Buzz Like Buffett, This Dividend Growth Investor Digs An Economic Moat by Mike Nadel Have You Put Your Dividend Portfolio Through The Risk Wringer? By SA Editor Robyn Conti : As we say farewell to long, lazy, warm days and get ready for the brisker weather and pace of Fall, I wanted to share with you a book that originally wasn't on my summer reading list, but came into my life just when I needed it. The concepts he discusses are deeper than I have the bandwidth to cover here, but as the book's name implies, the basic premise is "less, but better."
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As with anything in life, except death and taxes, there are no guarantees, and the past is no guarantee of future performance; but when you develop a process and stick to it, you're more likely to achieve your investing goals, thus creating the income and wealth you desire. I think by choosing to focus your strategies on dividend growth investing and the steady stream of income it's designed to produce, you've planted your flag and declared how you intend to approach building your wealth. And now, on to the week's Dividends & Income news and analysis: Why I Sold John Deere by Eric Landis Gilead Sciences: Stay Focused On Yields by Stone Fox Capital Revamping My Dividend Growth Portfolio by Nicholas Ward Omega Healthcare's Shares May Be About To Fall Off A Cliff: Here Are 3 Reasons Why That's Potentially Wonderful News by Dividend Sensei Prospect Capital: Harbortouch To The Rescue by BDC Buzz Like Buffett, This Dividend Growth Investor Digs An Economic Moat by Mike Nadel Have You Put Your Dividend Portfolio Through The Risk Wringer?
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Essentialism author McKeown writes that "'less, but better' is an idea whose time has come." By SA Editor Robyn Conti : As we say farewell to long, lazy, warm days and get ready for the brisker weather and pace of Fall, I wanted to share with you a book that originally wasn't on my summer reading list, but came into my life just when I needed it. The concepts he discusses are deeper than I have the bandwidth to cover here, but as the book's name implies, the basic premise is "less, but better."
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722594.0
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2016-08-24 00:00:00 UTC
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2 Dividend Stocks In Danger And 3 To Buy Instead (CMI, DE, ETN)
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https://www.nasdaq.com/articles/2-dividend-stocks-in-danger-and-3-to-buy-instead-cmi-de-etn-2016-08-24
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Is it time to buy the higher yields that industrial stocks pay, or are their dividends and profits in cyclical trouble?
I'm talking about companies that make big physical products. Their yields of 3% and even 4% or more are 50% to 100% better than the broader market. Many of these stocks are paying at their most generous rates since the financial crisis.
I like buying stocks when their yields are near the high end of their historical averages. It's an easy, effective contrarian income strategy. And most industrials fit the bill today.
But that flies in the face of another maxim - don't buy industrials at the top of the business cycle. The global economy isn't exactly booming, but we are seven years removed from our last recession here in the U.S. We're due, and these yields reflect that.
As usual, it depends on the company.
7 Monthly Dividend Stocks With Great Yields
Let's start with the two industrial dividends in the most danger first.
Dividend Stocks in Danger: Caterpillar Inc. (CAT)
As usual, a "bull market" in the payout ratio is a big warning sign. Caterpillar Inc. ( CAT ) has paid out 164% of its earnings as dividends over the past four quarters.
CAT's Exploding Payout Ratio
The firm has a strong balance sheet, so the payout is safe for now. The more disturbing trend is declining sales, down 16% last quarter year-over-year (yes, revenue headwinds extend beyond the consumer giants we like to pick on !)
Low energy and commodity prices have crushed sales for many of CAT's products. It's hard to picture a turnaround as long as oil is below $50 per barrel. And if you believe oil is ultimately heading higher, there are better ways to bet on it than CAT.
Dividend Stocks in Danger: Pitney Bowes Inc. (PBI)
Pitney Bowes Inc. ( PBI ) is a 4.1% payer that is more of a turnaround speculation than an actual investment. Its traditional mailing business continues to evaporate as the company attempts to pivot into e-commerce software.
If that sounds crazy, well, it doesn't appear to be working. Pitney isn't getting enough traction to make up for its snail mail losses, and neither are its investors - the stock is down 11% year-to-date.
This payout is secure for now thanks to the cash cow legacy business. But for now this business is living on borrowed time, and its stock isn't quite cheap enough (at 11-times free cash flow) to justify a position.
The 7 Best Cheap Dividend Stocks to Buy Now
Now let's take at look at three dividend stocks with sturdier prospects…
Dividend Stocks to Buy: Deere & Company (DE)
At a glance agricultural powerhouse Deere & Company ( DE ) could be lumped with our problem children. Its payout ratio has more-than-doubled over the past two years as the company has shunned dividend increases.
But here's the deal with Deere - you want to buy it when corn prices are low, because that generally marks the bottom of its profit cycle:
When Corn is Cheap, Deere is Cheap
Sure enough, corn (and soybean) prices have begun to rally, and Deere just upped its earnings guidance for the year. With 10% of its public float currently sold short, these shares have some upside if the rally in agriculture continues.
Dividend Stocks to Buy: Cummins Inc. (CMI)
Cummins Inc.'s ' ( CMI ) power-focused businesses are slumping this year with the firm projecting a 10% sales decline year-over-year. Demand for its products is cyclical, and this is its third revenue downturn in the last ten years.
Each previous downturn has been a good time to buy CMI:
Buy CMI on Revenue Declines
While its sales may ebb and flow, management is adept at generating gobs of free cash flow (FCF) regardless of top line action. CMI has generated significant FCF each four-quarter period over the last ten years, which has powered impressive 1,000% dividend growth over the decade!
CMI's Cash Machine Keeps Humming and Growing
Today's dividend is still less than half of FCF.
7 Dividend Stocks That Really Crank Out the Cash
The company should have no problem paying its investors during this cyclical downturn.
Dividend Stocks to Buy: Eaton Corporation, PLC Ordinary Shares (ETN)
Eaton Corporation, PLC Ordinary Shares ( ETN ) is another manufacturer-of-all-trades taking it on the sales chin, with management forecasting a 2% to 4% revenue decline this year due to lower demand for its hydraulic systems and industrial components.
Management is cautioning that it expects low organic growth in the years ahead as the global economy remains soft. That may translate to limited earnings upside, but the dividend is safe. Eaton has nearly tripled its payout over the past ten years, yet it still sits comfortably at less than half of FCF.
Eaton Earns Plenty of Cash
And Three I Like Even Better
All yields being equal, I prefer to invest in companies that are also growing their top line along with their FCF and payouts. That's why I focus on recession-proof companies that grow their sales, cash flow and dividends year-after-year no matter what is happening in the broader economy.
The secret is finding companies profiting from niches that are growing by leaps and bounds thanks to the unstoppable trends they are riding. This is how venture capitalists invest.
But unlike VCs I don't want to wait to cash out on my investment. I want to earn ever-increasing dividends year-after-year for years and decades on end from the same companies.
That's why I'm passing on the industrials for now in favor of three ultimate dividend growth stocks for today's economy. They operate in the booming healthcare sector - which explains why they're able to grow their cash flows and already-large 6%+ dividends every year (and in one case, every single quarter .)
I just finished a research report on healthcare megatrend being driven by hordes of baby boomers rolling into retirement. Click here and I'll send you my full analysis of this "demographic dividend growth" trend along with company names, tickers and buy prices.
The post 2 Dividend Stocks In Danger And 3 To Buy Instead (CMI, DE, ETN) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dividend Stocks to Buy: Eaton Corporation, PLC Ordinary Shares (ETN) Eaton Corporation, PLC Ordinary Shares ( ETN ) is another manufacturer-of-all-trades taking it on the sales chin, with management forecasting a 2% to 4% revenue decline this year due to lower demand for its hydraulic systems and industrial components. They operate in the booming healthcare sector - which explains why they're able to grow their cash flows and already-large 6%+ dividends every year (and in one case, every single quarter .) InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is it time to buy the higher yields that industrial stocks pay, or are their dividends and profits in cyclical trouble?
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Dividend Stocks in Danger: Pitney Bowes Inc. (PBI) Pitney Bowes Inc. ( PBI ) is a 4.1% payer that is more of a turnaround speculation than an actual investment. Each previous downturn has been a good time to buy CMI: Buy CMI on Revenue Declines While its sales may ebb and flow, management is adept at generating gobs of free cash flow (FCF) regardless of top line action. Dividend Stocks to Buy: Eaton Corporation, PLC Ordinary Shares (ETN) Eaton Corporation, PLC Ordinary Shares ( ETN ) is another manufacturer-of-all-trades taking it on the sales chin, with management forecasting a 2% to 4% revenue decline this year due to lower demand for its hydraulic systems and industrial components.
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InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is it time to buy the higher yields that industrial stocks pay, or are their dividends and profits in cyclical trouble? The 7 Best Cheap Dividend Stocks to Buy Now Now let's take at look at three dividend stocks with sturdier prospects… Dividend Stocks to Buy: Deere & Company (DE) At a glance agricultural powerhouse Deere & Company ( DE ) could be lumped with our problem children. Dividend Stocks to Buy: Eaton Corporation, PLC Ordinary Shares (ETN) Eaton Corporation, PLC Ordinary Shares ( ETN ) is another manufacturer-of-all-trades taking it on the sales chin, with management forecasting a 2% to 4% revenue decline this year due to lower demand for its hydraulic systems and industrial components.
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Dividend Stocks in Danger: Caterpillar Inc. (CAT) As usual, a "bull market" in the payout ratio is a big warning sign. Each previous downturn has been a good time to buy CMI: Buy CMI on Revenue Declines While its sales may ebb and flow, management is adept at generating gobs of free cash flow (FCF) regardless of top line action. InvestorPlace InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is it time to buy the higher yields that industrial stocks pay, or are their dividends and profits in cyclical trouble?
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722595.0
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2016-08-23 00:00:00 UTC
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Deere (DE) Hits 52-Week High on Improved Q3 Earnings
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https://www.nasdaq.com/articles/deere-de-hits-52-week-high-on-improved-q3-earnings-2016-08-23
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Shares of Deere & CompanyDE attained a fresh 52-week high of $88.43 on Aug 22, before closing lower at $87.96. This stock price appreciation came on the back of improved third-quarter fiscal 2016 earnings and raised guidance.
Deere has a market capitalization of roughly $27.6 billion. Average volume of shares traded over the last three months is around 3.51 million. The stock flaunts a one-year return of about 8.9% and a year-to-date return of over 15%. Moreover, it has beaten the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 32.16%.
DEERE & CO Price and Consensus
DEERE & CO Price and Consensus | DEERE & CO Quote
Driving Factors
Despite posting a decline in sales, Deere's third-quarter earnings improved around 1.3% year over year to $1.55 per share which topped the Zacks Consensus Estimate of 95 cents. The company benefited from sound execution of operating plans and the impact of a broad product portfolio, partly offset by global farm recession.
For fiscal 2016, management raised its net income outlook to about $1.35 billion from the prior guidance of $1.2 billion. Deere continues to perform well in the face of challenging market conditions. Continued focus on making its operations more efficient and acting to extract cost reduction benefits will drive growth.
Notably, Deere remains optimistic based on steady investments in new products and geographies. It expects to be increasingly profitable, backed by higher global demand for food, shelter and infrastructure. Also, favorable trends derived from a growing and more aware population and their rising living standards, will provide ample opportunity for growth.
Further, the U.S. Architecture Billings Index (ABI), an economic indicator that provides an approximate 9-to-12-month glimpse into the future of non-residential construction spending activity, has remained above 50 in recent months, signaling robust conditions ahead for the industry. This bodes well for Deere as well.
Deere currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the sector include Berry Plastics Group, Inc. BERY , Columbus McKinnon Corporation CMCO and DXP Enterprises, Inc. DXPE . All these stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DEERE & CO (DE): Free Stock Analysis Report
DXP ENTERPRISES (DXPE): Free Stock Analysis Report
COLUMBUS MCKINN (CMCO): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, favorable trends derived from a growing and more aware population and their rising living standards, will provide ample opportunity for growth. Architecture Billings Index (ABI), an economic indicator that provides an approximate 9-to-12-month glimpse into the future of non-residential construction spending activity, has remained above 50 in recent months, signaling robust conditions ahead for the industry. Shares of Deere & CompanyDE attained a fresh 52-week high of $88.43 on Aug 22, before closing lower at $87.96.
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DEERE & CO Price and Consensus DEERE & CO Price and Consensus | DEERE & CO Quote Driving Factors Despite posting a decline in sales, Deere's third-quarter earnings improved around 1.3% year over year to $1.55 per share which topped the Zacks Consensus Estimate of 95 cents. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report DXP ENTERPRISES (DXPE): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & CompanyDE attained a fresh 52-week high of $88.43 on Aug 22, before closing lower at $87.96.
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DEERE & CO Price and Consensus DEERE & CO Price and Consensus | DEERE & CO Quote Driving Factors Despite posting a decline in sales, Deere's third-quarter earnings improved around 1.3% year over year to $1.55 per share which topped the Zacks Consensus Estimate of 95 cents. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report DXP ENTERPRISES (DXPE): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & CompanyDE attained a fresh 52-week high of $88.43 on Aug 22, before closing lower at $87.96.
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DEERE & CO Price and Consensus DEERE & CO Price and Consensus | DEERE & CO Quote Driving Factors Despite posting a decline in sales, Deere's third-quarter earnings improved around 1.3% year over year to $1.55 per share which topped the Zacks Consensus Estimate of 95 cents. Deere currently has a Zacks Rank #3 (Hold). Shares of Deere & CompanyDE attained a fresh 52-week high of $88.43 on Aug 22, before closing lower at $87.96.
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2016-08-22 00:00:00 UTC
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Strength Seen in Deere & Company (DE): Stock Soars 13.4%
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https://www.nasdaq.com/articles/strength-seen-in-deere-company-de%3A-stock-soars-13.4-2016-08-22
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Deere & CompanyDE was a big mover last session, as the company saw its shares rise over 13% on the day. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $76.94 to $82.81 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Deere and Company has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the same industry is Berry Plastics Group, Inc. BERY sporting a Zacks Rank #1 (Strong Buy).
Is DE going up? Or down? Predict to see what others think: Up or Down
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DEERE & CO (DE): Free Stock Analysis Report
BERRY PLASTICS (BERY): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 & CompanyDE was a big mover last session, as the company saw its shares rise over 13% on the day. Deere and Company has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. Is DE going up?
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Click to get this free report DEERE & CO (DE): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & CompanyDE was a big mover last session, as the company saw its shares rise over 13% on the day. Deere and Company has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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Click to get this free report DEERE & CO (DE): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & CompanyDE was a big mover last session, as the company saw its shares rise over 13% on the day. Deere and Company has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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Deere & CompanyDE was a big mover last session, as the company saw its shares rise over 13% on the day. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report BERRY PLASTICS (BERY): Free Stock Analysis Report To read this article on Zacks.com click here. Deere and Company has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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1b708e2c-d8ad-416b-87cd-a1cfffb555e9
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722597.0
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2016-08-20 00:00:00 UTC
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In Your 40s? 3 Stocks You Might Want to Buy
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DE
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https://www.nasdaq.com/articles/your-40s-3-stocks-you-might-want-buy-2016-08-20
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nan
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nan
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EMR Dividend Yield (TTM) data by YCharts .
They each have a notable history of rewarding investors with dividend increases. Cat's dividend has increased for 22 years while Deere's streak is at 12. To be fair, both streaks are at risk of ending since a dividend increase hasn't taken place in a while at either company. But that's understandable given the difficult industry environment they're facing. That said, like Emerson, the yields offered up by Cat and Deere are at the high end of their historical ranges, at around 3.7% and 3%, respectively. So now could be a good time to buy them on the cheap if you have some time before you retire to reinvest those dividends -- a fact that remains true even if their dividends don't get increased during this downturn.
Time is still on your side
If you're in your 40s, you still have some time before you need to tap your savings. That means you can still take some risks, even though the responsibilities you face have likely increased. And that's why companies like Emerson, Deere, and Caterpillar could be great additions to your portfolio. They are out of favor today, but still highly profitable. And with long and successful histories behind each, there's every reason to believe they'll be able to turn their businesses around and reward investors down the line.
A secret billion-dollar stock opportunity
The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early, in-the-know investors! To be one of them, just click here .
Reuben Brewer has no position in any stocks mentioned. The Motley Fool is short John Deere. The Motley Fool recommends Emerson Electric. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To be fair, both streaks are at risk of ending since a dividend increase hasn't taken place in a while at either company. That said, like Emerson, the yields offered up by Cat and Deere are at the high end of their historical ranges, at around 3.7% and 3%, respectively. EMR Dividend Yield (TTM) data by YCharts .
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They each have a notable history of rewarding investors with dividend increases. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. EMR Dividend Yield (TTM) data by YCharts .
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To be fair, both streaks are at risk of ending since a dividend increase hasn't taken place in a while at either company. So now could be a good time to buy them on the cheap if you have some time before you retire to reinvest those dividends -- a fact that remains true even if their dividends don't get increased during this downturn. EMR Dividend Yield (TTM) data by YCharts .
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To be fair, both streaks are at risk of ending since a dividend increase hasn't taken place in a while at either company. That said, like Emerson, the yields offered up by Cat and Deere are at the high end of their historical ranges, at around 3.7% and 3%, respectively. EMR Dividend Yield (TTM) data by YCharts .
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8d1b46ed-3c3b-4c89-9d38-999f5af135ea
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722598.0
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2016-08-19 00:00:00 UTC
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Midday Update: Stocks Defensive on Oil, Hawkish Fed Comments
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DE
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https://www.nasdaq.com/articles/midday-update-stocks-defensive-oil-hawkish-fed-comments-2016-08-19
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nan
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nan
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Stocks were marginally lower in midday trade on Friday, turning defensive on a reversal in oil and hawkish comments from another member of the Federal Reserve. The Dow Jones Industrial Average and S&P 500 are marginally lower while the Nasdaq is clinging to the flatline.
Stocks turned defensive this morning in sympathy with oil futures which are lower for the first time in seven days, as well as on heavy losses in the utility and telecom sectors on expectations for interest rates to climb later this year.
Both sectors are adversely impacted from higher rates because of their capital-intensive investment needs and interest-rate sensitivity among yield-hungry investors.
The possibility for a September tightening was rekindled by San Francisco Fed president John Williams who favors a rate hike "sooner rather than later," echoing a similar sentiment made by NY Fed president William Dudley earlier this week. Williams is afraid that by waiting too long "risks having to slam on the monetary policy brakes...throwing the economy into reverse to undo the damage of overshooting the mark." Williams' remarks were made after the close on Thursday at an economic conference in Alaska. Williams is a non-voting member of the Fed this year but is considered to be influential with Chair Janet Yellen.
In corporate news, Q2 earnings season continued to wind down with a few more heavy hitters reporting. Foot Locker ( FL ), Deere ( DE ) and Applied Materials ( AMAT ) reported upbeat Q2 results, while Estee Lauder ( EL ) beat EPS estimates but issued a weak earnings forecast for FY16, and Gap ( GPS ) lowered its EPS forecast for FY16 as same-store sales growth was negative.
European shares were also lower with Italian banks remaining under pressure, and German automakers undermined by Volkswagen's downgrade at Goldman Sachs, and decision to halt production at its main factory due to a shortfall in parts. As a result, the major EU indices are all down, including the Euro-Stoxx which is lower by 0.83%.
Crude oil was down $0.01 to $48.21 per barrel. Natural gas was down $0.09 to $2.62 per 1 million BTU. Gold was down $8.70 to $1,348.40 an ounce, while silver was down $0.38 to $19.37 an ounce. Copper was unchanged at $2.18 per pound.
Among energy ETFs, the United States Oil Fund was down 0.04% to $11.30 with the United States Natural Gas Fund was down 3.38% to $7.71. Among precious-metal funds, the Market Vectors Gold Miners ETF was down 2.28% to 30.05 while SPDR Gold Shares were down 0.72% to $128.19. The iShares Silver Trust was down 1.87% to $18.42.
Here's where the markets stand at mid-day:
US MARKETS
NYSE Composite Index was down 44.78 points (-0.41%) to 10,818.68
Dow Jones Industrial Index was down 35.10 points (-0.18%) to 18,563.56
S&P 500 was down 5.40 points (-0.25%) to 2,181.57
Nasdaq Composite Index was down 1.36 points (-0.03%) to 5,238.54
GLOBAL SENTIMENT
FTSE 100 was down 10.01 points (-0.15%) to 6,858.95
DAX was down 58.67 points (-0.55%) to 10,544.36
CAC 40 was down 36.54 points (-0.82%) to 4,400.52
Nikkei 225 was up 59.81 points (+0.36%) to 16,545.82
Hang Seng Index was down 85.94 points (-0.37%) to 22,937.22
Shanghai China Composite Index was up 4.61 points (+0.15%) to 3,108.72
NYSE SECTOR INDICES
NYSE Energy Sector Index was down 110.79 points (-1.02%) to 10,776.83
NYSE Financial Sector Index was down 22.71 points (-0.36%) to 6,216.16
NYSE Healthcare Sector Index was down 57.44 points (-0.47%) to 12,811.92
UPSIDE MOVERS
(+) NWY (+13.66%) Extended gains from Thursday's after hours session after reporting better-than-expected Q2 results and guiding a narrower Q3 operating loss compared to a year earlier.
(+) RH (+8.55%) Upgraded at Goldman Sachs to conviction buy from neutral
(+) AMAT (+7.04%) Reported better-than-expected FQ3 results, issued upbeat Q4 guidance
DOWNSIDE MOVERS
(-) PSTG (-14.62%) Downgraded at OTR to negative from positive
(-) TUES (-4.10%) Reported narrower-than-expected FQ4 loss, but revenue misses estimates
(-) EL (-2.62%) Reversed early pre-market session gains after beating core earnings for Q4 but guiding Q1 and full year EPS below the CapIQ mean
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks turned defensive this morning in sympathy with oil futures which are lower for the first time in seven days, as well as on heavy losses in the utility and telecom sectors on expectations for interest rates to climb later this year. European shares were also lower with Italian banks remaining under pressure, and German automakers undermined by Volkswagen's downgrade at Goldman Sachs, and decision to halt production at its main factory due to a shortfall in parts. (+) NWY (+13.66%) Extended gains from Thursday's after hours session after reporting better-than-expected Q2 results and guiding a narrower Q3 operating loss compared to a year earlier.
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Foot Locker ( FL ), Deere ( DE ) and Applied Materials ( AMAT ) reported upbeat Q2 results, while Estee Lauder ( EL ) beat EPS estimates but issued a weak earnings forecast for FY16, and Gap ( GPS ) lowered its EPS forecast for FY16 as same-store sales growth was negative. NYSE Energy Sector Index was down 110.79 points (-1.02%) to 10,776.83 NYSE Financial Sector Index was down 22.71 points (-0.36%) to 6,216.16 NYSE Healthcare Sector Index was down 57.44 points (-0.47%) to 12,811.92 (-) PSTG (-14.62%) Downgraded at OTR to negative from positive (-) TUES (-4.10%) Reported narrower-than-expected FQ4 loss, but revenue misses estimates (-) EL (-2.62%) Reversed early pre-market session gains after beating core earnings for Q4 but guiding Q1 and full year EPS below the CapIQ mean The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NYSE Composite Index was down 44.78 points (-0.41%) to 10,818.68 Dow Jones Industrial Index was down 35.10 points (-0.18%) to 18,563.56 S&P 500 was down 5.40 points (-0.25%) to 2,181.57 Nasdaq Composite Index was down 1.36 points (-0.03%) to 5,238.54 NYSE Energy Sector Index was down 110.79 points (-1.02%) to 10,776.83 NYSE Financial Sector Index was down 22.71 points (-0.36%) to 6,216.16 NYSE Healthcare Sector Index was down 57.44 points (-0.47%) to 12,811.92 (-) PSTG (-14.62%) Downgraded at OTR to negative from positive (-) TUES (-4.10%) Reported narrower-than-expected FQ4 loss, but revenue misses estimates (-) EL (-2.62%) Reversed early pre-market session gains after beating core earnings for Q4 but guiding Q1 and full year EPS below the CapIQ mean The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks were marginally lower in midday trade on Friday, turning defensive on a reversal in oil and hawkish comments from another member of the Federal Reserve. (-) PSTG (-14.62%) Downgraded at OTR to negative from positive (-) TUES (-4.10%) Reported narrower-than-expected FQ4 loss, but revenue misses estimates (-) EL (-2.62%) Reversed early pre-market session gains after beating core earnings for Q4 but guiding Q1 and full year EPS below the CapIQ mean The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Stocks turned defensive this morning in sympathy with oil futures which are lower for the first time in seven days, as well as on heavy losses in the utility and telecom sectors on expectations for interest rates to climb later this year.
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a2d5bb16-45db-46cf-8251-64f1b489a6b1
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722599.0
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2016-08-19 00:00:00 UTC
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Mid-Day Market Update: New York & Company Gains On Strong Q2 Results; Olympic Steel Shares Slide
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DE
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https://www.nasdaq.com/articles/mid-day-market-update-new-york-company-gains-strong-q2-results-olympic-steel-shares-slide
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nan
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nan
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Midway through trading Friday, the Dow traded down 0.19 percent to 18,561.68 while the NASDAQ gained 0.03 percent to 5,241.82. The S&P also fell, dropping 0.23 percent to 2,182.03.
Leading and Lagging Sectors
On Friday, the cyclical consumer goods & services shares gained by 0.18 percent. Meanwhile, top gainers in the sector included New York & Company, Inc. (NYSE: NWY ), and America's Car-Mart, Inc. (NASDAQ: CRMT ).
In trading on Friday, utilities shares tumbled by 1.35 percent. Meanwhile, top losers in the sector included Korea Electric Power Corporation (ADR) (NYSE: KEP ), down 3 percent, and Chesapeake Utilities Corporation (NYSE: CPK ), down 3 percent.
Top Headline
Deere & Company (NYSE: DE ) reported better-than-expected earnings for the third quarter and also boosted revenue forecast for the full year.
The company reported net earnings of $488.8 million, down from $511.6 million while EPS grew modestly from $1.53 to $1.55 due to lower share count. This was sharply higher than the Street estimates of $0.94 a share.
Similarly, Deere reported worldwide net sales of $6.724 billion representing a drop of 11 percent on year-over-year basis. Going forward, the company expects equipment sales to fall about 10 percent for fiscal 2016 and about 8 percent for the fourth quarter. For fiscal 2016, Deere now expects net income to be about $1.350 billion.
Equities Trading UP
America's Car-Mart, Inc. (NASDAQ: CRMT ) shares shot up 14 percent to $36.90 following Q1 results. America's Car-Mart reported quarterly earnings of $0.87 per share on revenue of $146 million.
Shares of New York & Company, Inc. (NYSE: NWY ) got a boost, shooting up 12 percent to $2.30 as the company posted upbeat quarterly results.
The GEO Group Inc (NYSE: GEO ) shares were also up, gaining 19 percent to $23.25. Following Thursday's Department of Justice news regarding privately-managed prisons, GEO Group dropped on Thursday, but rebounded Friday after issuing a response to the DoJ.
Equities Trading DOWN
Gordmans Stores, Inc. (NASDAQ: GMAN ) shares dropped 8 percent to $1.27 after the company posted downbeat Q2 results and issued a weak forecast for the current quarter.
Shares of China Finance Online Co. (ADR) (NASDAQ: JRJC ) were down 15 percent to $4.39. China Finance Online reported Q2 earnings of $0.50 per share on revenue of $11 million.
Olympic Steel, Inc. (NASDAQ: ZEUS ) was down, falling around 14 percent to $21.95. KeyBanc downgraded Olympic Steel from Sector Weight to Underweight.
Commodities
In commodity news, oil traded down 0.20 percent to $48.79 while gold traded down 0.74 percent to $1,347.20.
Silver traded down 1.98 percent Friday to $19.35, while copper rose 0.09 percent to $2.18.
Eurozone
European shares were lower today. The eurozone's STOXX 600 fell 0.80 percent, the Spanish Ibex Index dropped 1.16 percent, while Italy's FTSE MIB Index declined 2.18 percent. Meanwhile the German DAX declined 0.55 percent, and the French CAC 40 fell 0.82 percent, while U.K. shares fell 0.15 percent.
Economics
There were no major US economic releases Friday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Headline Deere & Company (NYSE: DE ) reported better-than-expected earnings for the third quarter and also boosted revenue forecast for the full year. Similarly, Deere reported worldwide net sales of $6.724 billion representing a drop of 11 percent on year-over-year basis. Midway through trading Friday, the Dow traded down 0.19 percent to 18,561.68 while the NASDAQ gained 0.03 percent to 5,241.82.
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Meanwhile, top gainers in the sector included New York & Company, Inc. (NYSE: NWY ), and America's Car-Mart, Inc. (NASDAQ: CRMT ). Midway through trading Friday, the Dow traded down 0.19 percent to 18,561.68 while the NASDAQ gained 0.03 percent to 5,241.82. Meanwhile, top losers in the sector included Korea Electric Power Corporation (ADR) (NYSE: KEP ), down 3 percent, and Chesapeake Utilities Corporation (NYSE: CPK ), down 3 percent.
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Midway through trading Friday, the Dow traded down 0.19 percent to 18,561.68 while the NASDAQ gained 0.03 percent to 5,241.82. The eurozone's STOXX 600 fell 0.80 percent, the Spanish Ibex Index dropped 1.16 percent, while Italy's FTSE MIB Index declined 2.18 percent. Meanwhile the German DAX declined 0.55 percent, and the French CAC 40 fell 0.82 percent, while U.K. shares fell 0.15 percent.
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Midway through trading Friday, the Dow traded down 0.19 percent to 18,561.68 while the NASDAQ gained 0.03 percent to 5,241.82. Top Headline Deere & Company (NYSE: DE ) reported better-than-expected earnings for the third quarter and also boosted revenue forecast for the full year. Meanwhile, top gainers in the sector included New York & Company, Inc. (NYSE: NWY ), and America's Car-Mart, Inc. (NASDAQ: CRMT ).
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633068c8-b763-4e94-b32f-0a4344a679f3
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