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2014-08-12 00:00:00 UTC
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Markel CIO Tom Gayner Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews
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Markel CIO Tom Gayner ( Trades , Portfolio ) Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews
As many investors have hard time finding stocks to buy, Markel ( MKL ) CIO Tom Gayner (Trades, Portfolio) made a lot of purchases over the last quarter. He buys Deere & Co, Unilever PLC, Chubb Corp, Travelers Companies Inc, CVS Caremark Corp, National Oilwell Varco Inc, etc. during the 3-months ended 06/30/2014, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 06/30/2014, Markel Gayner Asset Management Corp owns 105 stocks with a total value of $3.5 billion. These are the details of the buys and sells.
Warren Buffett Recent Buys
New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA,
Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI,
Reduced Positions: HCCI, UTI,
Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT,
For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Gayner (Trades, Portfolio)
1. CarMax Inc ( KMX ) - 4,963,070 shares, 7.4% of the total portfolio.
2. Berkshire Hathaway Inc (BRK.A) - 1,078 shares, 5.8% of the total portfolio.
3. Berkshire Hathaway Inc (BRK.B) - 1,511,607 shares, 5.5% of the total portfolio.
4. Walgreen Co ( WAG ) - 2,135,000 shares, 4.5% of the total portfolio.
5. Diageo PLC ( DEO ) - 1,216,000 shares, 4.4% of the total portfolio. Shares added by 1.16%
New Purchase: Deere & Co ( DE )
Tom Gayner (Trades, Portfolio) initiated holdings in Deere & Co. His purchase prices were between $89.95 and $94.53, with an estimated average price of $91.97. The impact to his portfolio due to this purchase was 0.49%. His holdings were 190,000 shares as of 06/30/2014.
New Purchase: Aaron's Inc ( AAN )
Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. The impact to his portfolio due to this purchase was 0.13%. His holdings were 125,000 shares as of 06/30/2014.
New Purchase: Rent-A-Center Inc (RCII)
Tom Gayner (Trades, Portfolio) initiated holdings in Rent-A-Center Inc. His purchase prices were between $25.77 and $29.95, with an estimated average price of $28.27. The impact to his portfolio due to this purchase was 0.09%. His holdings were 110,000 shares as of 06/30/2014.
New Purchase: CME Group Inc (CME)
Tom Gayner (Trades, Portfolio) initiated holdings in CME Group Inc. His purchase prices were between $66.95 and $72.66, with an estimated average price of $70.38. The impact to his portfolio due to this purchase was 0.05%. His holdings were 24,000 shares as of 06/30/2014.
New Purchase: Laboratory Corp of America Hldgs (LH)
Tom Gayner (Trades, Portfolio) initiated holdings in Laboratory Corp of America Hldgs. His purchase prices were between $98.21 and $104.67, with an estimated average price of $100.8. The impact to his portfolio due to this purchase was 0.04%. His holdings were 15,000 shares as of 06/30/2014.
New Purchase: Anheuser-Busch Inbev SA (ABI)
Tom Gayner (Trades, Portfolio) initiated holdings in Anheuser-Busch Inbev SA. His purchase prices were between $76.16 and $85.13, with an estimated average price of $80.2. The impact to his portfolio due to this purchase was 0.03%. His holdings were 10,000 shares as of 06/30/2014.
New Purchase: Sigma-Aldrich Corp (SIAL)
Tom Gayner (Trades, Portfolio) initiated holdings in Sigma-Aldrich Corp. His purchase prices were between $92.1 and $101.71, with an estimated average price of $97.04. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,000 shares as of 06/30/2014.
New Purchase: Ritchie Bros Auctioneers Inc (RBA)
Tom Gayner (Trades, Portfolio) initiated holdings in Ritchie Bros Auctioneers Inc. His purchase prices were between $21.91 and $25.08, with an estimated average price of $23.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 10,000 shares as of 06/30/2014.
Sold Out: Capital One Financial Corp (COF)
Tom Gayner (Trades, Portfolio) sold out his holdings in Capital One Financial Corp. His sale prices were between $72.95 and $83.49, with an estimated average price of $77.61.
Sold Out: Chevron Corp (CVX)
Tom Gayner (Trades, Portfolio) sold out his holdings in Chevron Corp. His sale prices were between $116.69 and $132.98, with an estimated average price of $124.31.
Sold Out: Loews Corp (L)
Tom Gayner (Trades, Portfolio) sold out his holdings in Loews Corp. His sale prices were between $42.48 and $44.88, with an estimated average price of $43.67.
Sold Out: Eni SpA (E)
Tom Gayner (Trades, Portfolio) sold out his holdings in Eni SpA. His sale prices were between $49.21 and $54.57, with an estimated average price of $51.68.
Sold Out: Mosaic Co (MOS)
Tom Gayner (Trades, Portfolio) sold out his holdings in Mosaic Co. His sale prices were between $47.2 and $50.79, with an estimated average price of $49.27.
Sold Out: Brookfield Property Partners LP (BPY)
Tom Gayner (Trades, Portfolio) sold out his holdings in Brookfield Property Partners LP. His sale prices were between $18.65 and $20.85, with an estimated average price of $19.9.
Sold Out: Air Products & Chemicals Inc (APD)
Tom Gayner (Trades, Portfolio) sold out his holdings in Air Products & Chemicals Inc. His sale prices were between $115.14 and $130.75, with an estimated average price of $120.46.
Sold Out: Potash Corp of Saskatchewan Inc (POT)
Tom Gayner (Trades, Portfolio) sold out his holdings in Potash Corp of Saskatchewan Inc. His sale prices were between $33.33 and $38.42, with an estimated average price of $36.06.
Sold Out: Fidelity National Financial Inc (FNF)
Tom Gayner (Trades, Portfolio) sold out his holdings in Fidelity National Financial Inc. His sale prices were between $31.11 and $34.45, with an estimated average price of $32.77.
Sold Out: Calumet Specialty Products Partners LP (CLMT)
Tom Gayner (Trades, Portfolio) sold out his holdings in Calumet Specialty Products Partners LP. His sale prices were between $25.92 and $32.64, with an estimated average price of $29.72.
Added: Unilever PLC (UL)
Tom Gayner (Trades, Portfolio) added to his holdings in Unilever PLC by 50.25%. His purchase prices were between $42 and $45.85, with an estimated average price of $44.53. The impact to his portfolio due to this purchase was 0.4%. His holdings were 912,000 shares as of 06/30/2014.
Added: Chubb Corp (CB)
Tom Gayner (Trades, Portfolio) added to his holdings in Chubb Corp by 352.63%. His purchase prices were between $88.4 and $94.08, with an estimated average price of $91.98. The impact to his portfolio due to this purchase was 0.35%. His holdings were 172,000 shares as of 06/30/2014.
Added: Travelers Companies Inc (TRV)
Tom Gayner (Trades, Portfolio) added to his holdings in Travelers Companies Inc by 178.69%. His purchase prices were between $84.39 and $95.6, with an estimated average price of $91.16. The impact to his portfolio due to this purchase was 0.29%. His holdings were 170,000 shares as of 06/30/2014.
Added: CVS Caremark Corp (CVS)
Tom Gayner (Trades, Portfolio) added to his holdings in CVS Caremark Corp by 105.21%. His purchase prices were between $72.58 and $78.92, with an estimated average price of $75.58. The impact to his portfolio due to this purchase was 0.22%. His holdings were 197,000 shares as of 06/30/2014.
Added: Marsh & McLennan Companies Inc (MMC)
Tom Gayner (Trades, Portfolio) added to his holdings in Marsh & McLennan Companies Inc by 1075%. His purchase prices were between $47.06 and $52.15, with an estimated average price of $49.64. The impact to his portfolio due to this purchase was 0.19%. His holdings were 141,000 shares as of 06/30/2014.
Added: National Oilwell Varco Inc (NOV)
Tom Gayner (Trades, Portfolio) added to his holdings in National Oilwell Varco Inc by 25.96%. His purchase prices were between $69.565 and $82.63, with an estimated average price of $74.33. The impact to his portfolio due to this purchase was 0.19%. His holdings were 393,000 shares as of 06/30/2014.
Added: WellPoint Inc (WLP)
Tom Gayner (Trades, Portfolio) added to his holdings in WellPoint Inc by 40.3%. His purchase prices were between $92 and $108.82, with an estimated average price of $102.96. The impact to his portfolio due to this purchase was 0.17%. His holdings were 188,000 shares as of 06/30/2014.
Added: Schlumberger NV (SLB)
Tom Gayner (Trades, Portfolio) added to his holdings in Schlumberger NV by 19.23%. His purchase prices were between $97.1 and $117.8, with an estimated average price of $102.81. The impact to his portfolio due to this purchase was 0.16%. His holdings were 310,000 shares as of 06/30/2014.
Added: General Electric Co (GE)
Tom Gayner (Trades, Portfolio) added to his holdings in General Electric Co by 7.07%. His purchase prices were between $25.43 and $27.44, with an estimated average price of $26.54. The impact to his portfolio due to this purchase was 0.14%. His holdings were 2,816,000 shares as of 06/30/2014.
Added: Copart Inc (CPRT)
Tom Gayner (Trades, Portfolio) added to his holdings in Copart Inc by 28.57%. His purchase prices were between $34.96 and $37.16, with an estimated average price of $36.06. The impact to his portfolio due to this purchase was 0.14%. His holdings were 630,000 shares as of 06/30/2014.
Added: BlackRock Inc (BLK)
Tom Gayner (Trades, Portfolio) added to his holdings in BlackRock Inc by 20.27%. His purchase prices were between $293.71 and $319.85, with an estimated average price of $306.28. The impact to his portfolio due to this purchase was 0.14%. His holdings were 89,000 shares as of 06/30/2014.
Added: Liberty Media Corporation (LMCA)
Tom Gayner (Trades, Portfolio) added to his holdings in Liberty Media Corporation by 40.57%. His purchase prices were between $43.123 and $47.066, with an estimated average price of $45.01. The impact to his portfolio due to this purchase was 0.09%. His holdings were 246,000 shares as of 06/30/2014.
Added: FactSet Research Systems, Inc. (FDS)
Tom Gayner (Trades, Portfolio) added to his holdings in FactSet Research Systems, Inc. by 25.61%. His purchase prices were between $102.49 and $119.88, with an estimated average price of $108.35. The impact to his portfolio due to this purchase was 0.07%. His holdings were 103,000 shares as of 06/30/2014.
Added: Procter & Gamble Co (PG)
Tom Gayner (Trades, Portfolio) added to his holdings in Procter & Gamble Co by 33.68%. His purchase prices were between $78.62 and $82.94, with an estimated average price of $80.67. The impact to his portfolio due to this purchase was 0.07%. His holdings were 127,000 shares as of 06/30/2014.
Added: Ecolab Inc (ECL)
Tom Gayner (Trades, Portfolio) added to his holdings in Ecolab Inc by 25.71%. His purchase prices were between $103.7 and $110.34, with an estimated average price of $107.1. The impact to his portfolio due to this purchase was 0.06%. His holdings were 88,000 shares as of 06/30/2014.
Added: McGraw Hill Financial Inc (MHFI)
Tom Gayner (Trades, Portfolio) added to his holdings in McGraw Hill Financial Inc by 33.33%. His purchase prices were between $71.98 and $84.7, with an estimated average price of $78.76. The impact to his portfolio due to this purchase was 0.05%. His holdings were 80,000 shares as of 06/30/2014.
Added: Apollo Global Management LLC (APO)
Tom Gayner (Trades, Portfolio) added to his holdings in Apollo Global Management LLC by 21.43%. His purchase prices were between $24.19 and $31.82, with an estimated average price of $27.17. The impact to his portfolio due to this purchase was 0.03%. His holdings were 221,000 shares as of 06/30/2014.
Added: MSCI Inc (MSCI)
Tom Gayner (Trades, Portfolio) added to his holdings in MSCI Inc by 75.76%. His purchase prices were between $40.54 and $45.47, with an estimated average price of $43.01. The impact to his portfolio due to this purchase was 0.03%. His holdings were 58,000 shares as of 06/30/2014.
Added: Culp Inc (CFI)
Tom Gayner (Trades, Portfolio) added to his holdings in Culp Inc by 202.27%. His purchase prices were between $17.27 and $20.26, with an estimated average price of $18.27. The impact to his portfolio due to this purchase was 0.01%. His holdings were 30,227 shares as of 06/30/2014.
Reduced: Heritage-Crystal Clean Inc (HCCI)
Tom Gayner (Trades, Portfolio) reduced to his holdings in Heritage-Crystal Clean Inc by 70.14%. His sale prices were between $14.79 and $19.81, with an estimated average price of $16.74. The impact to his portfolio due to this sale was -0.06%. Tom Gayner (Trades, Portfolio) still held 46,003 shares as of 06/30/2014.
Reduced: Universal Technical Institute Inc (UTI)
Tom Gayner (Trades, Portfolio) reduced to his holdings in Universal Technical Institute Inc by 31.02%. His sale prices were between $10.77 and $13.62, with an estimated average price of $11.86. The impact to his portfolio due to this sale was -0.01%. Tom Gayner (Trades, Portfolio) still held 33,800 shares as of 06/30/2014.
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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Markel CIO Tom Gayner ( Trades , Portfolio ) Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews As many investors have hard time finding stocks to buy, Markel ( MKL ) CIO Tom Gayner (Trades, Portfolio) made a lot of purchases over the last quarter. Warren Buffett Recent Buys New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA, Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI, Reduced Positions: HCCI, UTI, Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. New Purchase: Ritchie Bros Auctioneers Inc (RBA) Tom Gayner (Trades, Portfolio) initiated holdings in Ritchie Bros Auctioneers Inc. His purchase prices were between $21.91 and $25.08, with an estimated average price of $23.8.
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Markel CIO Tom Gayner ( Trades , Portfolio ) Buys Deere, Unilever, Chubb, Sells Capital One Financial, Chevron, Loews As many investors have hard time finding stocks to buy, Markel ( MKL ) CIO Tom Gayner (Trades, Portfolio) made a lot of purchases over the last quarter. Warren Buffett Recent Buys New Purchases: DE, AAN, RCII, CME, LH, ABI, SIAL, RBA, Added Positions: UL, CB, TRV, CVS, NOV, MMC, WLP, SLB, GE, CPRT, BLK, LMCA, PG, FDS, ECL, MHFI, MSCI, APO, CFI, Reduced Positions: HCCI, UTI, Sold Out: COF, CVX, L, E, MOS, BPY, APD, POT, FNF, CLMT, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. Sold Out: Calumet Specialty Products Partners LP (CLMT) Tom Gayner (Trades, Portfolio) sold out his holdings in Calumet Specialty Products Partners LP.
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Shares added by 1.16% New Purchase: Deere & Co ( DE ) Tom Gayner (Trades, Portfolio) initiated holdings in Deere & Co. His purchase prices were between $89.95 and $94.53, with an estimated average price of $91.97. New Purchase: Aaron's Inc ( AAN ) Tom Gayner (Trades, Portfolio) initiated holdings in Aaron's Inc. His purchase prices were between $28.67 and $35.61, with an estimated average price of $32.18. New Purchase: Sigma-Aldrich Corp (SIAL) Tom Gayner (Trades, Portfolio) initiated holdings in Sigma-Aldrich Corp. His purchase prices were between $92.1 and $101.71, with an estimated average price of $97.04.
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Shares added by 1.16% New Purchase: Deere & Co ( DE ) Tom Gayner (Trades, Portfolio) initiated holdings in Deere & Co. His purchase prices were between $89.95 and $94.53, with an estimated average price of $91.97. Sold Out: Loews Corp (L) Tom Gayner (Trades, Portfolio) sold out his holdings in Loews Corp. His sale prices were between $42.48 and $44.88, with an estimated average price of $43.67. Added: Chubb Corp (CB) Tom Gayner (Trades, Portfolio) added to his holdings in Chubb Corp by 352.63%.
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722901.0
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2014-08-11 00:00:00 UTC
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Tom Gayner's Top 5 New Portfolio Picks
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https://www.nasdaq.com/articles/tom-gayners-top-5-new-portfolio-picks-2014-08-11
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Tom Gayner , chief investment officer of Markel ( MKL ), is certainly a value investor. Markel is commonly referred to as a mini Berkshire. Gayner thinks of stock as a part of a business and the business is worth what the present value of the future cash flows are. "We operate with a Margin of Safety in the investment portfolio," says Gayner. He also believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge.
His stock portfolio, valued at $3.5 billion, contained 105 stocks as of the second quarter, in which he initiated 8 new positions. The top new stocks are: Deere & Co ( DE ), Aaron's Inc ( AAN ), Rent-A-Center ( RCII ), CME Group Inc ( CME ) and Lab Corp of America ( LH ).
Warren Buffett Recent Buys
Deere & Co ( DE )
Gayner purchased 190,000 shares of Deere, whose share price averaged $91.97 during the quarter. The position equates to 0.49 percent of the portfolio.
Deere manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company has a market cap of $37.71 billion. The stock closed at $87.16 on Monday, August 11, with a P/E ratio of 9.50 and P/S ratio of 0.90. The dividend yield of Deere is 2.50 percent.
Aaron's Inc ( AAN )
Gayner purchased 125,000 shares of Aaron's, whose share price averaged $32.18 during the quarter. The position equates to 0.13 percent of the portfolio.
Aaron's is a leading specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories. It engages in the lease ownership, lease and retail sale of a wide variety of products. The company has a market cap of $1.84 billion. The stock closed at $25.50 on Monday, August 11, with a P/E ratio of 20.80 and P/S ratio of 0.90. The dividend yield of Aaron's is 0.3 percent.
Rent-A-Center Inc ( RCII )
Gayner purchased 110,000 shares of Rent-A-Center, whose share price averaged $28.27 during the quarter. The position equates to 0.09 percent of the portfolio.
Rent-A-Center is the largest rent-to-own operator in North America, focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality durable products, such as consumer electronics, appliance, computer, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The company has a market cap of $1.32 billion. The stock closed at $24.96 on Monday, August 11, with a P/E ratio of 15.50 and P/S ratio of 0.40. The dividend yield of Rent-A-Center is 3.6 percent.
CME Group Inc ( CME )
Gayner purchased 24,000 shares of CME Group, whose share price averaged $70.38 during the quarter. The position equates to 0.05 percent of the portfolio.
CME Group is a combination of the Chicago Mercantile Exchange, Chicago Board of Trade, NYMEX, COMEX, as well as other exchanges. The company has a market cap of $24.65 billion. The stock closed at $73.37 on Monday, August 11, with a P/E ratio of 25.60 and P/S ratio of 8.50. The dividend yield of CME Group is 2.5 percent.
Laboratory Corp of America Holdings ( LH )
Gayner purchased 15,000 shares of Lab Corp of American, whose share price averaged $100.80 during the quarter. The position equates to 0.04 percent of the portfolio.
Lab Corp is the second-largest independent clinical laboratory company in the United States based on 2013 net revenues. Its tests are used by the medical profession in core testing, patient diagnosis, and in the monitoring and treatment of disease. The company has a market cap of $8.73 billion. The stock closed at $102.85 on Monday, August 11, with a P/E ratio of 17.10 and P/S ratio of 1.60. Lab Corp does not pay a dividend.
See the rest of Tom Gayner (Trades, Portfolio)'s portfolio and latest stock picks here: Tom Gayner Stock Picks. Not a Premium Member of GuruFocus? Try it free for 7 days here!
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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Aaron's is a leading specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories. Rent-A-Center is the largest rent-to-own operator in North America, focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality durable products, such as consumer electronics, appliance, computer, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. Lab Corp is the second-largest independent clinical laboratory company in the United States based on 2013 net revenues.
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The top new stocks are: Deere & Co ( DE ), Aaron's Inc ( AAN ), Rent-A-Center ( RCII ), CME Group Inc ( CME ) and Lab Corp of America ( LH ). See the rest of Tom Gayner (Trades, Portfolio)'s portfolio and latest stock picks here: Tom Gayner Stock Picks. He also believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge.
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See the rest of Tom Gayner (Trades, Portfolio)'s portfolio and latest stock picks here: Tom Gayner Stock Picks. He also believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge. The top new stocks are: Deere & Co ( DE ), Aaron's Inc ( AAN ), Rent-A-Center ( RCII ), CME Group Inc ( CME ) and Lab Corp of America ( LH ).
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The top new stocks are: Deere & Co ( DE ), Aaron's Inc ( AAN ), Rent-A-Center ( RCII ), CME Group Inc ( CME ) and Lab Corp of America ( LH ). He also believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge. Warren Buffett Recent Buys Deere & Co ( DE ) Gayner purchased 190,000 shares of Deere, whose share price averaged $91.97 during the quarter.
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722902.0
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2014-08-11 00:00:00 UTC
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Will Deere & Company (DE) Disappoint this Earnings Season? - Analyst Blog
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https://www.nasdaq.com/articles/will-deere-company-de-disappoint-this-earnings-season-analyst-blog-2014-08-11
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Deere & Company ( DE ), the worldwide producer and distributor of agricultural and forestry equipment, construction equipment and engines, is slated to report third-quarter fiscal 2014 results before the market opens on Aug 13, 2014. In the last quarter, it posted a positive surprise of 10.42%. However, on an average, Deere has posted a 7.81% negative surprise in the last four quarters. Let's see how things are shaping up for the second quarter.
Factors Influencing this Quarter
Deere reported second-quarter fiscal 2014 earnings of $2.65 a share, down 4% due to lower shipment volumes, unfavorable effects of foreign-currency exchange, and a less favorable product mix partially offset benefits from price realization and a lower effective tax rate.
For the third quarter of fiscal 2014, Deere expects equipment sales to decrease around 4% year over year. For the fiscal 2014, Deere trimmed its forecast by 4% from the previous expectation of a 3% dip. Deere, however, maintained its net income projection of $3.3 billion for fiscal 2014.
Segment-wise, Deere projects Agriculture and Turf equipment sales to decline 7% for fiscal 2014, down from the previous expectation of a 6% drop. This includes a negative currency translation effect of about 1%. Farm incomes are expected to be lower than 2013, which will have a dampening effect on demand for large farm equipment
Improved market conditions in the U.S and Canada will drive growth in sales of turf and utility equipment. Global sales for Construction & Forestry equipment will benefit from recovery in the U.S. economy and a rise in housing starts. Global forestry sales growth will be driven by economic development and higher sales in the European markets.
Earnings Whispers?
Our proven model does not conclusively show that Deere is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below.
Zacks ESP: Deere has an Earnings ESP (Expected Surprise Prediction) of 0.00%. This is because the Most Accurate estimate stands at $2.19 per share, in line with the Zacks Consensus Estimate, resulting in 0.00% ESP.
Zacks Rank #3 (Hold): Deere has a Zacks Rank #3 which when combined with a 0.00% ESP makes surprise prediction difficult.
We caution against stocks with Zacks Rank #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks that Warrant a Look
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 surprise:
G&K Services Inc. ( GK ) has an earnings ESP of +4.11% and a Zacks Rank #3.
Quanex Building Products Corporation ( NX ) has an earnings ESP of +4.76% and a Zacks Rank #3.
Cintas Corporation ( CTAS ) has an earnings ESP of +1.32% and a Zacks Rank #3.
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
CINTAS CORP (CTAS): Free Stock Analysis Report
QUANEX BLDG PRD (NX): Free Stock Analysis Report
G&K SVCS A (GK): 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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Factors Influencing this Quarter Deere reported second-quarter fiscal 2014 earnings of $2.65 a share, down 4% due to lower shipment volumes, unfavorable effects of foreign-currency exchange, and a less favorable product mix partially offset benefits from price realization and a lower effective tax rate. Segment-wise, Deere projects Agriculture and Turf equipment sales to decline 7% for fiscal 2014, down from the previous expectation of a 6% drop. Deere & Company ( DE ), the worldwide producer and distributor of agricultural and forestry equipment, construction equipment and engines, is slated to report third-quarter fiscal 2014 results before the market opens on Aug 13, 2014.
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Zacks ESP: Deere has an Earnings ESP (Expected Surprise Prediction) of 0.00%. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report QUANEX BLDG PRD (NX): Free Stock Analysis Report G&K SVCS A (GK): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company ( DE ), the worldwide producer and distributor of agricultural and forestry equipment, construction equipment and engines, is slated to report third-quarter fiscal 2014 results before the market opens on Aug 13, 2014.
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Zacks ESP: Deere has an Earnings ESP (Expected Surprise Prediction) of 0.00%. Stocks that Warrant a Look 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 surprise: G&K Services Inc. ( GK ) has an earnings ESP of +4.11% and a Zacks Rank #3. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CINTAS CORP (CTAS): Free Stock Analysis Report QUANEX BLDG PRD (NX): Free Stock Analysis Report G&K SVCS A (GK): Free Stock Analysis Report To read this article on Zacks.com click here.
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Segment-wise, Deere projects Agriculture and Turf equipment sales to decline 7% for fiscal 2014, down from the previous expectation of a 6% drop. Zacks ESP: Deere has an Earnings ESP (Expected Surprise Prediction) of 0.00%. Deere & Company ( DE ), the worldwide producer and distributor of agricultural and forestry equipment, construction equipment and engines, is slated to report third-quarter fiscal 2014 results before the market opens on Aug 13, 2014.
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e987901f-7c6e-435d-8cee-c9e692789014
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722903.0
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2014-08-05 00:00:00 UTC
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3 Oversold Dividend Stocks to Buy
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DE
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https://www.nasdaq.com/articles/3-oversold-dividend-stocks-buy-2014-08-05
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nan
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nan
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By Lawrence Meyers, InvestorPlace Contributor
I get questions from retired and income investors asking about oversold dividend stocks. In the current market, a lot of dividends stocks — particularly the more well-known ones — are hitting new 52-week highs on a regular basis.
These investors want to know if buying at all-time or 52-week highs is a mistake. The answer is usually, “it depends.” If you have a long-term horizon of, say, ten years or more, it doesn’t really matter.
PLUS: Monday Apple Rumors: Possible Shell for iPad Air 2 Leaked
The other answer, however, is that if the investor is looking for solid dividend stocks, there’s no reason to confine oneself to Johnson & Johnson (JNJ). There are other dividend payers out there, and I prefer to look for stock that are 10% or more off their 52-week highs.
It suggests that, in an environment where everyone is looking for yield, that the stock has sold off for reasons that aren’t critical to its ongoing operations. That creates a buying opportunity.
Here are 3 stocks I think fit that bill:
Deere & Company (DE)
Deere & Company (DE) is probably the single greatest American company in the history of agriculture. It was founded back in 1837. Not only is it still around, it continues to grow as a Peter Lynch stalwart, at around 8% long-term.
DE stock has repurchased more than $6 billion over the last 4 years, saving the company almost a quarter of a billion dollars in dividend payments, and reducing share count by almost 25%. It has increased dividends for 111 straight years and paid them to shareholders for the last 77 years. Indeed, earlier this year, DE stock boosted its payout by 17%.
DE stock is considered a cyclical company, but having survived since 1837, it obviously knows how to breathe between up-cycles. It’s just one of those stock you can sleep well at night with. It’s 10% off its 52-week high, pays a 2.6% dividend, and now is a good time to enter.
Church & Dwight (CHD)
Church & Dwight (CHD) is a personal care and specialty product company, and you may be surprised to learn that it’s almost as old as Deere — founded in 1846. Puzzled how you could have missed this name for so long?
That’s because some of its products are better known as Arm & Hammer! I had no idea that CHD stock owns Nair, Orajel, OxiClean, Xtra and my personal favorite … Trojan.
CHD isn’t that well-known as a dividend payer, and while its 1.8% yield may seem small, it only represents about a third of its $400 million or so of annual free cash flow. I think CHD stock has room to increase this dividend. As you would expect, the company has a solid balance sheet, with only $650 million in debt and $500 million in cash.
CHD stock is 10% off its 52-week high, making now a great entry point.
Scotts Miracle-Gro Company (SMG)
Scotts Miracle-Gro Company (SMG) produces more than just plant growth stuff. It is a complete garden care company that joins CHD stock and DE stock as having been founded more than a century ago. Things are a bit slow on the SMG stock top line as sales are expected to be flat. Yet, that’s what a great company does. It cuts expenses in tougher times. It continues to grow at 11% long-term.
Its balance sheet is solid, with $130 million in cash and $478 million in debt. Operating cash flow more than doubled in FY13 over FY12. What I like about SMG stock is that, even after all these years, insiders hold 28% of the company. Their interests are aligned with shareholders, and perhaps that’s a reason why — despite slow sales — only 2% of the float is sold short.
It has a 3% dividend yield, and is 15% off its 52-week high. Buy while it’s still cheap.
As of this writing, Lawrence Meyers did not hold a position in any of the aforementioned securities.
Plus:
The Best Asset Allocation for This Market Is...
10 New Stocks to Watch — IPOs Get Ready for the August Break
5 High-Dividend Stocks Yielding 5%-Plus
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 Lawrence Meyers, InvestorPlace Contributor I get questions from retired and income investors asking about oversold dividend stocks. I had no idea that CHD stock owns Nair, Orajel, OxiClean, Xtra and my personal favorite … Trojan. CHD isn’t that well-known as a dividend payer, and while its 1.8% yield may seem small, it only represents about a third of its $400 million or so of annual free cash flow.
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Here are 3 stocks I think fit that bill: Deere & Company (DE) Deere & Company (DE) is probably the single greatest American company in the history of agriculture. Church & Dwight (CHD) Church & Dwight (CHD) is a personal care and specialty product company, and you may be surprised to learn that it’s almost as old as Deere — founded in 1846. By Lawrence Meyers, InvestorPlace Contributor I get questions from retired and income investors asking about oversold dividend stocks.
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Here are 3 stocks I think fit that bill: Deere & Company (DE) Deere & Company (DE) is probably the single greatest American company in the history of agriculture. It is a complete garden care company that joins CHD stock and DE stock as having been founded more than a century ago. Plus: The Best Asset Allocation for This Market Is... 10 New Stocks to Watch — IPOs Get Ready for the August Break 5 High-Dividend Stocks Yielding 5%-Plus The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Church & Dwight (CHD) Church & Dwight (CHD) is a personal care and specialty product company, and you may be surprised to learn that it’s almost as old as Deere — founded in 1846. What I like about SMG stock is that, even after all these years, insiders hold 28% of the company. It has a 3% dividend yield, and is 15% off its 52-week high.
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340bf71f-5b59-4f6d-8f3e-a0e2857d0f28
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722904.0
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2014-08-04 00:00:00 UTC
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Increasing food demand creates investing opportunity
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DE
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https://www.nasdaq.com/articles/increasing-food-demand-creates-investing-opportunity-2014-08-04
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nan
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nan
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and 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 views and 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 views and 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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bab0835c-9e50-4f6c-a334-b43effebe7a4
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722905.0
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2014-08-04 00:00:00 UTC
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Investing in Deere Country?
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DE
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https://www.nasdaq.com/articles/investing-deere-country-2014-08-04
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nan
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nan
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and 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 views and 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 views and 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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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268dfede-40cc-408c-9c57-e37e524c5560
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722906.0
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2014-08-01 00:00:00 UTC
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Construction Machinery: Investing Essentials
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DE
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https://www.nasdaq.com/articles/construction-machinery-investing-essentials-2014-08-01
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nan
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nan
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If you have ever gone by a construction site and looked in awe at the heavy machinery on display, then you will already be familiar with some of the biggest names in the construction machinery sector. Companies like Caterpillar , Deere , and Manitowoc are all household names, and if something big is being built, somewhere, then you can bet they will have a hand in it. The construction machinery sector can be difficult to invest in, mainly because its fortunes can fluctuate wildly with the economy. But it can also be highly rewarding if you get the timing right. Here is what you need to know before investing in the industry.
What is the construction machinery industry?
Caterpillar. Source: The Motley Fool
Simply put, the construction machinery industry covers companies that produce machinery for use in civil engineering projects. The most visible components of the sector tend to be excavators, cranes, and earth movers on building sites. But engineering projects also encompass activities as diverse as mining, dam construction, water and waste-water systems, bridges, ports, and tunnels.
In other words, you shouldn't just think of the sector as an investment play on commercial building activity because a large number of the engineering activities listed above will be public infrastructural projects -- a point I will return to later.
How big is the construction machinery industry?
According to International Construction magazine's Yellow Table, revenue for the top 50 construction machinery firms came in at $163 billion in 2013. Here is a breakdown of construction equipment revenues from the 10 leading players.
Source: International Construction magazine's Yellow Table
To put this list into context the current market capitalization of the two U.S. companies in the list is $63 billion for Caterpillar, and $31 billion for Deere -- although not all of their activities encompass construction machinery.
How does the construction machinery industry work?
Manufacturers tend to use distributors to get their products to end customers. This can cause some variability in sales for manufacturers like Caterpillar, as sometimes distributors will buy too much machinery, which they will then need to sell off in subsequent quarters. Conversely, distributors may buy too little machinery in previous quarters, which then needs to be corrected by placing large equipment orders.
In other words, revenue and orders at companies like Joy Global (largely mining equipment), Komatsu , Caterpillar, and Deere can vary a lot from quarter to quarter depending on their distributors buying patterns, and ultimately, end-market demand. This adds to the unpredictability in the industry.
What are the drivers of the construction machinery industry?
The industry tends to be, what the investment industry calls "cyclical." In other words, its fortunes are largely dependent on the economy. When the going is good, investment in construction activity takes place. When economic growth starts to falter, construction plans get shelved and orders for machinery dry up.
Construction machinery. Source: The Motley Fool
But in previous recessions governments across the globe have stepped up and invested in large-scale public projects (roads, public infrastructure, ports, etc.) as a way of supporting economic growth when the private sector is weakening. This type of public investment has, traditionally, helped reduce the cyclicality of the industry. For example, China's response to the last recession was to launch a $586 billion stimulus plan to be spent largely on national infrastructure and social welfare projects -- something that undoubtedly helped to reduce the pain for the construction machinery industry in the recession.
Fast-forward to today and the increasing debt burdens being built up by governments -- including China -- suggest that they will be hard-pressed to repeat this kind of investment if a recession occurs in the near future. In other words, the construction machinery sector appears to be getting even more dependent on private sector growth, and therefore becoming even more cyclical. It's also getting more reliant on China as -- according to the Statista website, China will continue to contribute more than 30% of global construction machinery demand in 2015 -- compared to 27% from North America.
All told, it's a great industry to be invested in when the economy is starting to make an upturn. On the other hand, it appears to be becoming more cyclical, so potential investors should be aware of the extra risk involved if the global economy turns down sharply. In addition, keep a close eye on construction activity in China.
More from The Motley Fool:Warren Buffett Tells You How to Turn $40 into $10 Million
The article Construction Machinery: Investing Essentials originally appeared on Fool.com.
Lee Samaha has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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 .
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. 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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Fast-forward to today and the increasing debt burdens being built up by governments -- including China -- suggest that they will be hard-pressed to repeat this kind of investment if a recession occurs in the near future. Companies like Caterpillar , Deere , and Manitowoc are all household names, and if something big is being built, somewhere, then you can bet they will have a hand in it. Source: International Construction magazine's Yellow Table To put this list into context the current market capitalization of the two U.S. companies in the list is $63 billion for Caterpillar, and $31 billion for Deere -- although not all of their activities encompass construction machinery.
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Source: International Construction magazine's Yellow Table To put this list into context the current market capitalization of the two U.S. companies in the list is $63 billion for Caterpillar, and $31 billion for Deere -- although not all of their activities encompass construction machinery. In other words, revenue and orders at companies like Joy Global (largely mining equipment), Komatsu , Caterpillar, and Deere can vary a lot from quarter to quarter depending on their distributors buying patterns, and ultimately, end-market demand. Companies like Caterpillar , Deere , and Manitowoc are all household names, and if something big is being built, somewhere, then you can bet they will have a hand in it.
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Source: International Construction magazine's Yellow Table To put this list into context the current market capitalization of the two U.S. companies in the list is $63 billion for Caterpillar, and $31 billion for Deere -- although not all of their activities encompass construction machinery. Companies like Caterpillar , Deere , and Manitowoc are all household names, and if something big is being built, somewhere, then you can bet they will have a hand in it. Conversely, distributors may buy too little machinery in previous quarters, which then needs to be corrected by placing large equipment orders.
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In other words, the construction machinery sector appears to be getting even more dependent on private sector growth, and therefore becoming even more cyclical. Companies like Caterpillar , Deere , and Manitowoc are all household names, and if something big is being built, somewhere, then you can bet they will have a hand in it. Source: International Construction magazine's Yellow Table To put this list into context the current market capitalization of the two U.S. companies in the list is $63 billion for Caterpillar, and $31 billion for Deere -- although not all of their activities encompass construction machinery.
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20f1e2d5-cb08-4f76-a953-59ced5273fc8
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722907.0
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2014-07-31 00:00:00 UTC
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The Farm Belt Is In For A World Of Hurt
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DE
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https://www.nasdaq.com/articles/farm-belt-world-hurt-2014-07-31
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nan
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nan
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In his groundbreaking 2006 book, "The Omnivore's Dilemma," Michael Pollan devoted several chapters to exploring the vast role that corn has come to play in the agricultural economy and in our diets.
Virtually every processed food contains corn or a corn derivative such as corn syrup. Farmers, taking advantage of $0.50-a-bushel subsidies, have made it America's largest cash crop. According to the EPA, farmers sold roughly $64 billion worth of corn in 2011 (the most recent data available). That's roughly twice as much as all of the hay, wheat, cotton, sorghum and rice that is sold -- combined.
So the utter collapse in corn prices, thanks to overplanting and favorable weather, is leading to a sharp drop in farm incomes.
Farmers that split their acreage between corn and soybeans, the nation's second-largest cash crop, might at least have hoped for some pricing relief from that diversification. But soybeans are selling at two year lows as well. If you're keeping score, wheat and cotton prices are also slumping badly.
Though the harvest season isn't over, it appears that farm incomes will take a big hit in 2014 (though higher yields will offset some of the pain of lower prices). Farmers are already cutting back on spending. Sales of combines fell 25% in June from a year ago, and it may get worse.
According to analysts at Merrill Lynch, "North American retail sales are likely to remain weak over the coming months as comparatives are very difficult, crop cash receipts are down (year over year), ag commodity prices continue to hit multi-year lows, and ongoing uncertainties over Section 179 extension (which farmers use to rapidly write off purchases)."
With that in mind, it's interesting to gauge the impact on share prices of companies that sell into the U.S. agricultural sector. Many of these stocks don't look especially expensive, but the falling farm incomes suggest that expectations of earnings growth for these firms in 2015 are off the mark.
Farmers typically alter their spending after tallying up the receipts of the prior year. And as noted, 2014 is shaping up to be pretty lousy.
Analysts at UBS recently reviewed crop yields for the last week of July and found that a "good corn condition has a positive impact on yields and thus a potentially negative impact on prices. We continue to believe lower corn prices this year could drive a double-digit decline in crop cash receipts and in turn drive a large decline in ag equipment sales. All else equal, we expect the decline in ag equipment sales to be at double-digit levels over the next 12 months."
These UBS analysts just completed their 34th annual Agricultural Dealer Survey and found that if corn prices fall below $4.24 a bushel, it "would lead to a 'significant' (more than 10%) decline in 2014 equipment sales." The current price is $3.69 a bushel. These analysts are most bearish on shares of Deere (NYSE: DE ) , and see more than 10% downside to their $75 price target.
Merrill Lynch suggests that the only farm equipment stock to buy right now is AGCO (Nasdaq: AGCO ) , as that firm sells more than 50% of its products (mostly tractors) in foreign markets, where crop pricing dynamics aren't so severe. These analysts expect AGCO and other to miss 2015 earnings forecasts as the bleak reality of farm economics sets in, but they think in the case of AGCO, such news is already priced in, and they figure that shares will stage a relief rally to $60 (from a current $49) once that happens.
These analysts are bearish on the outlook for rival CNH Industrial (Nasdaq: CNHI ) . Though CNH also has exposure to other markets (it owns truck maker IVECO), 90% of the company's EBITDA (earnings before interest, taxes, depreciation and amortization) still comes from agricultural equipment sales. And they note that CNH's forward multiple is simply too high in relation to peers like AGCO and Deere.
Risks to Consider: As an upside risk, farmers may respond to the low prices by reducing plantings in 2015, which would set the stage or firmer corn and soybean prices.
Action to Take --> If you're looking to trim stocks form your portfolio, the agriculture-related firms are the ones to cut. Forward earnings estimates appear ripe for a downgrade, which is often a precursor for lower share prices. This then becomes a sector to monitor, because if farm equipment sales slump badly in 2014 and 2015, then they will likely see a powerful snapback in 2016 as aging farm equipment needs to be replaced.
Also, don't forget the beneficiaries of cheap corn and soybeans. Livestock farms are now paying a lot less for animal feed, and will likely pay even less in the future as corn and soybean prices keep on dropping. Tyson Foods (Nasdaq: TSN ) can look to preserve margins by maintaining firm pricing (while its costs are falling), or take market share from beef and pork producers to trim prices and boost volume. Analysts have been steadily boosting their (September) 2015 earnings estimates for Tyson to account for the lower corn and soybean costs.
Are you terrible at knowing when to sell? You're not alone. Fortunately, a former trust fund manager created a two-part blueprint that reveals when to sell... and when to buy. It's been 85% accurate for over four years -- and just closed out a 70% gain. Click here to access it now.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and 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 his groundbreaking 2006 book, "The Omnivore's Dilemma," Michael Pollan devoted several chapters to exploring the vast role that corn has come to play in the agricultural economy and in our diets. These UBS analysts just completed their 34th annual Agricultural Dealer Survey and found that if corn prices fall below $4.24 a bushel, it "would lead to a 'significant' (more than 10%) decline in 2014 equipment sales." Though CNH also has exposure to other markets (it owns truck maker IVECO), 90% of the company's EBITDA (earnings before interest, taxes, depreciation and amortization) still comes from agricultural equipment sales.
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We continue to believe lower corn prices this year could drive a double-digit decline in crop cash receipts and in turn drive a large decline in ag equipment sales. In his groundbreaking 2006 book, "The Omnivore's Dilemma," Michael Pollan devoted several chapters to exploring the vast role that corn has come to play in the agricultural economy and in our diets. Virtually every processed food contains corn or a corn derivative such as corn syrup.
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We continue to believe lower corn prices this year could drive a double-digit decline in crop cash receipts and in turn drive a large decline in ag equipment sales. In his groundbreaking 2006 book, "The Omnivore's Dilemma," Michael Pollan devoted several chapters to exploring the vast role that corn has come to play in the agricultural economy and in our diets. Virtually every processed food contains corn or a corn derivative such as corn syrup.
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These UBS analysts just completed their 34th annual Agricultural Dealer Survey and found that if corn prices fall below $4.24 a bushel, it "would lead to a 'significant' (more than 10%) decline in 2014 equipment sales." In his groundbreaking 2006 book, "The Omnivore's Dilemma," Michael Pollan devoted several chapters to exploring the vast role that corn has come to play in the agricultural economy and in our diets. Virtually every processed food contains corn or a corn derivative such as corn syrup.
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595228a1-4a9e-47f3-9758-6ffacc67e3d1
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722908.0
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2014-07-08 00:00:00 UTC
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Caterpillar Upgraded to Strong Buy on 2Q Expectations - Analyst Blog
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https://www.nasdaq.com/articles/caterpillar-upgraded-to-strong-buy-on-2q-expectations-analyst-blog-2014-07-08
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nan
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On Jul 8, Zacks Investment Research upgraded Caterpillar Inc. ( CAT ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Caterpillar shares touched a 52-week high of $111.16 on Jul 3, leading the Dow Jones Industrial Average, fueled by strong U.S. employment data.
Staying committed to its goal of delivering incremental returns to shareholders, Caterpillar's board of directors approved a 17% increase in its quarterly dividend in June, the highest percentage increase since 2010. The hike also reflects its balance sheet strength.
Caterpillar will now pay 70 cents per share to its shareholders every quarter, 10 cents more than the prior dividend of 60 cents per share. Caterpillar follows the likes of its competitors Deere & Company ( DE ) and Joy Global Inc. ( JOY ) both of which had announced dividend hikes in May this year.
Caterpillar delivered an impressive first quarter with earnings increasing 22% to $1.61 per share despite revenues remaining flat year over year at $13.2 billion. The company's incessant efforts to cut down costs, continued deployment of lean manufacturing initiatives and improvement in the Construction segment helped mitigate the effect of lower mining-related sales on its profits.
Caterpillar expects revenues in 2014 to be flat with 2013 or move up or down in a 5% range. Caterpillar will benefit from recovery in the U.S. construction sector, macroeconomic stabilization in Europe, growth in the Chinese Excavator market and a strong backlog.
Caterpillar also reported a backlog of $19.3 billion at the end of the first quarter, up 7% year over year, driven by improvement in Energy & Transportation, mainly locomotives. This marks a reversal from the decline in backlog reported earlier.
Second quarter machinery results are expected to reflect the improving macroeconomic environment. Both North American truck and North American energy markets are showing signs of improvement while a gradual recovery in the global construction market is also expected to aid improvement of results.
Furthermore, Caterpillar has initiated extensive cost-saving programs across its global businesses. The company will continue to benefit from additional restructuring actions in 2014 to optimize its cost structure and improve its operational efficiency.
The Zacks Consensus Estimate for earnings per share for 2014 is currently pegged at $6.14 reflecting year-over-year growth of 6.85%. The expected long-term earnings growth rate for the stock is 10.1%.
Other Stocks to Consider
Another stock worth considering in the sector includes Komatsu Ltd. ( KMTUY ) with the same rank as Caterpillar.
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
JOY GLOBAL INC (JOY): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KOMATSU LTD ADR (KMTUY): Get Free 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's incessant efforts to cut down costs, continued deployment of lean manufacturing initiatives and improvement in the Construction segment helped mitigate the effect of lower mining-related sales on its profits. On Jul 8, Zacks Investment Research upgraded Caterpillar Inc. ( CAT ) to a Zacks Rank #1 (Strong Buy). Why the Upgrade?
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On Jul 8, Zacks Investment Research upgraded Caterpillar Inc. ( CAT ) to a Zacks Rank #1 (Strong Buy). Caterpillar delivered an impressive first quarter with earnings increasing 22% to $1.61 per share despite revenues remaining flat year over year at $13.2 billion. Click to get this free report CATERPILLAR INC (CAT): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KOMATSU LTD ADR (KMTUY): Get Free Report To read this article on Zacks.com click here.
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On Jul 8, Zacks Investment Research upgraded Caterpillar Inc. ( CAT ) to a Zacks Rank #1 (Strong Buy). Click to get this free report CATERPILLAR INC (CAT): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KOMATSU LTD ADR (KMTUY): Get Free Report To read this article on Zacks.com click here. Why the Upgrade?
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On Jul 8, Zacks Investment Research upgraded Caterpillar Inc. ( CAT ) to a Zacks Rank #1 (Strong Buy). Caterpillar delivered an impressive first quarter with earnings increasing 22% to $1.61 per share despite revenues remaining flat year over year at $13.2 billion. Why the Upgrade?
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722909.0
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2014-07-03 00:00:00 UTC
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See How Caterpillar Ranks Among Analysts' Top Dow 30 Picks
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https://www.nasdaq.com/articles/see-how-caterpillar-ranks-among-analysts-top-dow-30-picks-2014-07-03
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A study of analyst recommendations at the major brokerages shows that Caterpillar Inc. (Symbol: CAT) is the #25 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel . Within the broader S&P 500, when components were ranked in terms of analyst favorites, CAT claims the #335 spot.
Below is a chart of rank over time:
According to the ETF Finder at ETF Channel, CAT makes up 4.11% of the SPDR Dow Jones Industrial Average ETF ( DIA ) which is trading higher by about 0.4% on the day Thursday.
CAT operates in the Construction sector, among companies like Deere & Co. ( DE ) which is up about 1.1% today, and CNH Industrial N.V. ( CNHI ) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of CAT, versus DE and CNHI.
CAT is currently trading up about 0.9% midday Thursday.
The Top 15 Broker Darlings of the Dow: Current Top Analyst Picks »
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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Within the broader S&P 500, when components were ranked in terms of analyst favorites, CAT claims the #335 spot. CAT operates in the Construction sector, among companies like Deere & Co. ( DE ) which is up about 1.1% today, and CNH Industrial N.V. ( CNHI ) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of CAT, versus DE and CNHI.
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Below is a chart of rank over time: According to the ETF Finder at ETF Channel, CAT makes up 4.11% of the SPDR Dow Jones Industrial Average ETF ( DIA ) which is trading higher by about 0.4% on the day Thursday. Within the broader S&P 500, when components were ranked in terms of analyst favorites, CAT claims the #335 spot. CAT operates in the Construction sector, among companies like Deere & Co. ( DE ) which is up about 1.1% today, and CNH Industrial N.V. ( CNHI ) trading lower by about 0.2%.
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Below is a chart of rank over time: According to the ETF Finder at ETF Channel, CAT makes up 4.11% of the SPDR Dow Jones Industrial Average ETF ( DIA ) which is trading higher by about 0.4% on the day Thursday. Within the broader S&P 500, when components were ranked in terms of analyst favorites, CAT claims the #335 spot. CAT operates in the Construction sector, among companies like Deere & Co. ( DE ) which is up about 1.1% today, and CNH Industrial N.V. ( CNHI ) trading lower by about 0.2%.
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Below is a chart of rank over time: According to the ETF Finder at ETF Channel, CAT makes up 4.11% of the SPDR Dow Jones Industrial Average ETF ( DIA ) which is trading higher by about 0.4% on the day Thursday. Within the broader S&P 500, when components were ranked in terms of analyst favorites, CAT claims the #335 spot. CAT operates in the Construction sector, among companies like Deere & Co. ( DE ) which is up about 1.1% today, and CNH Industrial N.V. ( CNHI ) trading lower by about 0.2%.
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001c6209-cd4a-4315-9e97-5fdedc94b5d2
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722910.0
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2014-06-25 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for June 26, 2014
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-june-26-2014-2014-06-25
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Deere & Company ( DE ) will begin trading ex-dividend on June 26, 2014. A cash dividend payment of $0.6 per share is scheduled to be paid on August 01, 2014. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 17.65% increase over the prior quarter. At the current stock price of $90.63, the dividend yield is 2.65%.
The previous trading day's last sale of DE was $90.63, representing a -4.49% decrease from the 52 week high of $94.89 and a 12.58% increase over the 52 week low of $80.50.
DE is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). DE's current earnings per share, an indicator of a company's profitability, is $9.13. Zacks Investment Research reports DE's forecasted earnings growth in 2014 as -6.55%, compared to an industry average of -2.3%.
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 )
Market Vectors Agribusiness ETF ( MOO )
Market Vectors Natural Resources ETF ( HAP )
PowerShares DWA Industrials Momentum Portfolio ( PRN ).
The top-performing ETF of this group is HAP with an increase of 12.96% over the last 100 days. VEGI has the highest percent weighting of DE at 8.42%.
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 stock 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 Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). Zacks Investment Research reports DE's forecasted earnings growth in 2014 as -6.55%, compared to an industry average of -2.3%.
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The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Natural Resources ETF ( HAP ) PowerShares DWA Industrials Momentum Portfolio ( PRN ). 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 June 26, 2014.
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Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DE was $90.63, representing a -4.49% decrease from the 52 week high of $94.89 and a 12.58% increase over the 52 week low of $80.50. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Natural Resources ETF ( HAP ) PowerShares DWA Industrials Momentum Portfolio ( PRN ).
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Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. DE's current earnings per share, an indicator of a company's profitability, is $9.13. Deere & Company ( DE ) will begin trading ex-dividend on June 26, 2014.
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1549fccb-a9b5-4747-88f2-487f46bc5440
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722911.0
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2014-06-24 00:00:00 UTC
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Deere Takes Over #139 Spot From Pioneer Natural Resources
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https://www.nasdaq.com/articles/deere-takes-over-139-spot-pioneer-natural-resources-2014-06-24
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In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Deere & Co. (Symbol: DE) has taken over the #139 spot from Pioneer Natural Resources Co (Symbol: PXD), according to The Online Investor .
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much - that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Deere & Co. (Symbol: DE), the market cap is now $32.97 billion, versus Pioneer Natural Resources Co (Symbol: PXD) at $31.71 billion.
Below is a chart of Deere & Co. versus Pioneer Natural Resources Co plotting their respective size rank within the S&P 500 over time (DE plotted in blue; PXD plotted in green):
Below is a three month price history chart comparing the stock performance of DE vs. PXD:
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at The Online Investor find value to putting together these rankings daily.
According to the ETF Finder at ETF Channel, DE and PXD collectively make up 3.23% of the Natural Resources ETF ( HAP ) which is lower by about 1% on the day Tuesday.
At the closing bell, DE is off about 0.8%, while PXD is off about 4.8% on the day Tuesday.
The 20 Largest U.S. Companies By Market Capitalization »
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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Below is a chart of Deere & Co. versus Pioneer Natural Resources Co plotting their respective size rank within the S&P 500 over time (DE plotted in blue; PXD plotted in green): Below is a three month price history chart comparing the stock performance of DE vs. PXD: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Deere & Co. (Symbol: DE) has taken over the #139 spot from Pioneer Natural Resources Co (Symbol: PXD), according to The Online Investor . In the case of Deere & Co. (Symbol: DE), the market cap is now $32.97 billion, versus Pioneer Natural Resources Co (Symbol: PXD) at $31.71 billion.
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In the case of Deere & Co. (Symbol: DE), the market cap is now $32.97 billion, versus Pioneer Natural Resources Co (Symbol: PXD) at $31.71 billion. Below is a chart of Deere & Co. versus Pioneer Natural Resources Co plotting their respective size rank within the S&P 500 over time (DE plotted in blue; PXD plotted in green): Below is a three month price history chart comparing the stock performance of DE vs. PXD: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Deere & Co. (Symbol: DE) has taken over the #139 spot from Pioneer Natural Resources Co (Symbol: PXD), according to The Online Investor .
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In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Deere & Co. (Symbol: DE) has taken over the #139 spot from Pioneer Natural Resources Co (Symbol: PXD), according to The Online Investor . Below is a chart of Deere & Co. versus Pioneer Natural Resources Co plotting their respective size rank within the S&P 500 over time (DE plotted in blue; PXD plotted in green): Below is a three month price history chart comparing the stock performance of DE vs. PXD: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers - much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Deere & Co. (Symbol: DE), the market cap is now $32.97 billion, versus Pioneer Natural Resources Co (Symbol: PXD) at $31.71 billion.
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According to the ETF Finder at ETF Channel, DE and PXD collectively make up 3.23% of the Natural Resources ETF ( HAP ) which is lower by about 1% on the day Tuesday. In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Deere & Co. (Symbol: DE) has taken over the #139 spot from Pioneer Natural Resources Co (Symbol: PXD), according to The Online Investor . In the case of Deere & Co. (Symbol: DE), the market cap is now $32.97 billion, versus Pioneer Natural Resources Co (Symbol: PXD) at $31.71 billion.
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561ce188-7a67-45c0-80bc-ce49baec6624
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722912.0
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2014-06-12 00:00:00 UTC
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Caterpillar Ups Quarterly Dividend by 17% - Analyst Blog
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https://www.nasdaq.com/articles/caterpillar-ups-quarterly-dividend-by-17-analyst-blog-2014-06-12
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Staying committed to its focus on delivering incremental returns to shareholders, the board of directors of Caterpillar Inc. ( CAT ) has approved a 17% increase in its quarterly dividend, the highest percentage increase since 2010. The hike also reflects its balance sheet strength.
Caterpillar will now pay 70 cents per share to its shareholders every quarter, 10 cents more than the prior dividend of 60 cents per share. The increased dividend will be paid on Aug 20, 2014, to shareholders of record as of Jul 21, 2014. The current dividend hike comes exactly after a year. The last dividend hike of 15% from 52 cents to 60 cents was announced in June 2013.
Caterpillar follows the likes of its competitors ??? Deere & Company ( DE ) and Joy Global Inc. ( JOY ) ??? both of which had announced dividend hikes in May this year. Deere upped its quarterly dividend by 9 cents or 18% to 60 cents per share, marking the 12th consecutive year of dividend raise for the company. Joy Global had announced a 14% jump in the quarterly dividend rate to 20 cents per share from the previous rate of 17.5 cents.
With the increased dividend, Caterpillar's dividend yield will go up from the current 2.21% to 2.58%, close to Deere's 2.60% and double of Joy Global's 1.30%. At current levels, Caterpillar's 5 year average dividend yield of 2.25%, 5 Year Dividend Growth Rate of 6.70% and Payout Ratio of 38.97% are above the industry average of 1.98%, -4.44% and 14.27% respectively.
Despite weakness in its mining-related sales, Caterpillar returned over $5 billion to shareholders through share repurchases and dividends since 2013 till the first quarter of 2014. In the first quarter, Caterpillar repurchased approximately $1.7 billion of its common stock under an accelerated stock repurchase transaction completing its $7.5 billion repurchase authorization. In Jan 2014, its board approved a new authorization to repurchase up to $10 billion of Caterpillar common stock, which will expire on Dec 31, 2018. Share repurchases will be accretive to earnings in 2014 and provide support to the stock.
Caterpillar also delivered an impressive first quarter with earnings increasing 22% to $1.61 per share despite revenues remaining flat year over year at $13.2 billion. The company's incessant efforts to cut down costs, continued deployment of lean manufacturing initiatives and improvement in the Construction segment helped mitigate the effect of lower mining-related sales on its profits.
Caterpillar expects revenues in 2014 to be flat with 2013 or move up or down in a 5% range. Caterpillar will benefit from recovery in the U.S. construction sector, macroeconomic stabilization in Europe, growth in the Chinese Excavator market and a strong backlog.
Caterpillar currently retains a Zacks Rank #2 (Buy). Another stock that is worth considering in this sector is Komatsu Ltd. ( KMTUY ) with a Zacks Rank #1 (Strong Buy).
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DEERE & CO (DE): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
KOMATSU LTD ADR (KMTUY): Get Free 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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In Jan 2014, its board approved a new authorization to repurchase up to $10 billion of Caterpillar common stock, which will expire on Dec 31, 2018. The company's incessant efforts to cut down costs, continued deployment of lean manufacturing initiatives and improvement in the Construction segment helped mitigate the effect of lower mining-related sales on its profits. Staying committed to its focus on delivering incremental returns to shareholders, the board of directors of Caterpillar Inc. ( CAT ) has approved a 17% increase in its quarterly dividend, the highest percentage increase since 2010.
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At current levels, Caterpillar's 5 year average dividend yield of 2.25%, 5 Year Dividend Growth Rate of 6.70% and Payout Ratio of 38.97% are above the industry average of 1.98%, -4.44% and 14.27% respectively. Despite weakness in its mining-related sales, Caterpillar returned over $5 billion to shareholders through share repurchases and dividends since 2013 till the first quarter of 2014. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report KOMATSU LTD ADR (KMTUY): Get Free Report JOY GLOBAL INC (JOY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar will now pay 70 cents per share to its shareholders every quarter, 10 cents more than the prior dividend of 60 cents per share. Deere upped its quarterly dividend by 9 cents or 18% to 60 cents per share, marking the 12th consecutive year of dividend raise for the company. Click to get this free report DEERE & CO (DE): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report KOMATSU LTD ADR (KMTUY): Get Free Report JOY GLOBAL INC (JOY): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere upped its quarterly dividend by 9 cents or 18% to 60 cents per share, marking the 12th consecutive year of dividend raise for the company. Despite weakness in its mining-related sales, Caterpillar returned over $5 billion to shareholders through share repurchases and dividends since 2013 till the first quarter of 2014. Caterpillar also delivered an impressive first quarter with earnings increasing 22% to $1.61 per share despite revenues remaining flat year over year at $13.2 billion.
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cf43d873-4561-43d6-900b-959d4fb8e0aa
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722913.0
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2014-06-02 00:00:00 UTC
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Lowe's Hikes Dividend - Analyst Blog
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https://www.nasdaq.com/articles/lowes-hikes-dividend-analyst-blog-2014-06-02
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Lowe's Companies, Inc. ( LOW ) is an intriguing option for investors seeking both growth and income. This home improvement retailer announced its decision of a dividend hike, reflecting its plan of utilizing free cash to enhance shareholders' return, thereby boosting investors' confidence in the stock.
This Mooresville, NC-based company raised its quarterly dividend by 27.8% to 23 cents (or 92 cents annually) from 18 cents a share (or 72 cents annually). The increased dividend will be paid on Aug 6, 2014, to stockholders of record as of Jul 23. The dividend yield, based on the new payout and the last closing market price, is approximately 2%. In May 2013, the company last increased its quarterly dividend by 12.5% to 18 cents.
Earlier, Lowe's arch rival, The Home Depot Inc. ( HD ), had also raised its dividend by 21% to 47 cents.
Dividend hikes not only enhance shareholder's return but raise the market value of the stock. Through this strategy, companies try to win investors, thereby persuading them to either buy or hold the scrip instead of selling it.
Investors always prefer an income-generating and a dividend-paying stock. People looking for regular income from stocks are most likely to be inclined toward those companies that have a track record of consistent and incremental dividend payment.
Other companies that recently increased quarterly dividends include Deere & Company ( DE ) and Joy Global Inc. ( JOY ). The companies raised their dividends by 18% to 60 cents and 14% to 20 cents, respectively.
Lowe's currently holds a Zacks Rank #3 (Hold). We believe that the company remains well positioned to benefit from the housing market recovery, albeit at a slower pace. The company is closing underperforming stores and its strategy of enhancing customers' shopping experience and merchandising transformation is likely to help it generate incremental sales.
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
LOWES COS (LOW): Free Stock Analysis Report
JOY GLOBAL INC (JOY): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 home improvement retailer announced its decision of a dividend hike, reflecting its plan of utilizing free cash to enhance shareholders' return, thereby boosting investors' confidence in the stock. People looking for regular income from stocks are most likely to be inclined toward those companies that have a track record of consistent and incremental dividend payment. The company is closing underperforming stores and its strategy of enhancing customers' shopping experience and merchandising transformation is likely to help it generate incremental sales.
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Other companies that recently increased quarterly dividends include Deere & Company ( DE ) and Joy Global Inc. ( JOY ). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report To read this article on Zacks.com click here. This home improvement retailer announced its decision of a dividend hike, reflecting its plan of utilizing free cash to enhance shareholders' return, thereby boosting investors' confidence in the stock.
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This Mooresville, NC-based company raised its quarterly dividend by 27.8% to 23 cents (or 92 cents annually) from 18 cents a share (or 72 cents annually). Other companies that recently increased quarterly dividends include Deere & Company ( DE ) and Joy Global Inc. ( JOY ). Click to get this free report LOWES COS (LOW): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report To read this article on Zacks.com click here.
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In May 2013, the company last increased its quarterly dividend by 12.5% to 18 cents. Earlier, Lowe's arch rival, The Home Depot Inc. ( HD ), had also raised its dividend by 21% to 47 cents. This home improvement retailer announced its decision of a dividend hike, reflecting its plan of utilizing free cash to enhance shareholders' return, thereby boosting investors' confidence in the stock.
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722914.0
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2014-05-30 00:00:00 UTC
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Weekly Market Wrap: May 30, 2014
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https://www.nasdaq.com/articles/weekly-market-wrap-may-30-2014-2014-05-30
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The twenty second trading week of 2014 comes to a close with US markets flat to lower in the last hour.
Names such as Zendesk (ZEN), Shutterstock (SSTK), and Barracuda Networks (CUDA) are leading the way lower.
Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for May 30, 2014.
The Dow Jones Industrial Average, S&P 500, and NASDAQ Composite are all significantly higher for the week.
Crude oil futures are lower this week, trading at $102.74 per barrel on Friday afternoon.
And Gold futures are also lower, trading at $1246.95 an ounce on Friday afternoon.
In economic news, in the week ending May 24, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 27,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 326,000 to 327,000. The 4-week moving average was 311,500, a decrease of 11,250 from the previous week's revised average. This is the lowest level for this average since August 11, 2007 when it was 311,250. The previous week's average was revised up by 250 from 322,500 to 322,750.
The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 17 was 2,631,000, a decrease of 17,000 from the previous week's revised level.
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.
The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, real GDP was estimated to have increased 0.1 percent. With this second estimate for the first quarter, the decline in private inventory investment was larger than previously estimated.
The decrease in real GDP in the first quarter primarily reflected negative contributions from private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by a positive contribution from personal consumption expenditures. Imports, which are a subtraction in the calculation of GDP, increased.
Personal income increased $43.7 billion, or 0.3 percent, and disposable personal income increased $44.6 billion, or 0.3 percent, in April, according to the Bureau of Economic Analysis.
Personal consumption expenditures decreased $8.1 billion, or 0.1 percent. In March, personal income increased $76.3 billion, or 0.5 percent, DPI increased $65.0 billion, or 0.5 percent, and PCE increased $117.6 billion, or 1.0 percent, based on revised estimates.
Real DPI increased 0.2 percent in April, compared with an increase of 0.3 percent in March. Real PCE decreased 0.3 percent, in contrast to an increase of 0.8 percent.
In highlights of corporate dividend news, CenturyLink ( CTL ) declared a regular quarterly cash dividend of $0.54 per share, a portion of which will be payable out of capital surplus, on June 20, 2014, to shareholders of record on June 9, 2014.
Iron Mountain ( IRM ) declared a cash dividend of $0.27 per share on the common stock of the company, payable on July 15, 2014 to shareholders of record at the close of business on June 25, 2014.
The Deere & Company ( DE ) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. The dividend is payable on August 1, 2014 to stockholders of record on June 30, 2014. The new quarterly rate represents an increase of 9 cents per share, approximately 18 percent, over the previous level. This is the twelfth increase to the Deere & Company quarterly dividend in 10 years. Deere last raised its dividend in February 2013.
Huntsman Corporation ( HUN ) announced that the company's board of directors has declared a $0.125 per share cash dividend on its common stock. The dividend is payable on June 30, 2014, to stockholders of record as of June 16, 2014.
Merck ( MRK ) has declared a quarterly dividend of $0.44 per share of the company's common stock for the third quarter of 2014. Payment will be made on July 8, 2014, to stockholders of record at the close of business on June 16, 2014.
This is the 'Weekly Market Wrap' for Friday, May 30, 2014. Please join us on Monday for the Week Ahead Market Report.
VIDEO: Weekly Market Wrap: May 30, 2014
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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Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis. Iron Mountain ( IRM ) declared a cash dividend of $0.27 per share on the common stock of the company, payable on July 15, 2014 to shareholders of record at the close of business on June 25, 2014. Huntsman Corporation ( HUN ) announced that the company's board of directors has declared a $0.125 per share cash dividend on its common stock.
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Iron Mountain ( IRM ) declared a cash dividend of $0.27 per share on the common stock of the company, payable on July 15, 2014 to shareholders of record at the close of business on June 25, 2014. Names such as Zendesk (ZEN), Shutterstock (SSTK), and Barracuda Networks (CUDA) are leading the way lower. Crude oil futures are lower this week, trading at $102.74 per barrel on Friday afternoon.
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Names such as Zendesk (ZEN), Shutterstock (SSTK), and Barracuda Networks (CUDA) are leading the way lower. Crude oil futures are lower this week, trading at $102.74 per barrel on Friday afternoon. In economic news, in the week ending May 24, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 27,000 from the previous week's revised level.
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Names such as Zendesk (ZEN), Shutterstock (SSTK), and Barracuda Networks (CUDA) are leading the way lower. Crude oil futures are lower this week, trading at $102.74 per barrel on Friday afternoon. In economic news, in the week ending May 24, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 27,000 from the previous week's revised level.
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722915.0
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2014-05-28 00:00:00 UTC
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Daily Dividend Report: DE, HUN, SPW, DSW
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https://www.nasdaq.com/articles/daily-dividend-report-de-hun-spw-dsw-2014-05-28
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The Deere & Company ( DE ) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. The dividend is payable on August 1, 2014 to stockholders of record on June 30, 2014. The new quarterly rate represents an increase of 9 cents per share, approximately 18 percent, over the previous level. This is the twelfth increase to the Deere & Company quarterly dividend in 10 years. Deere last raised its dividend in February 2013.
Huntsman Corporation ( HUN ) announced that the company's board of directors has declared a $0.125 per share cash dividend on its common stock. The dividend is payable on June 30, 2014, to stockholders of record as of June 16, 2014.
SPX Corporation ( SPW ) announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on July 2, 2014 to shareholders of record on June 16, 2014.
DSW approved a quarterly cash dividend payment of $0.1875 per share. The dividend will be paid on June 30, 2014 to shareholders of record at the close of business on June 20, 2014.
VIDEO: Daily Dividend Report: DE, HUN, SPW, DSW
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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Huntsman Corporation ( HUN ) announced that the company's board of directors has declared a $0.125 per share cash dividend on its common stock. SPX Corporation ( SPW ) announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on July 2, 2014 to shareholders of record on June 16, 2014. The Deere & Company ( DE ) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock.
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The Deere & Company ( DE ) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. Huntsman Corporation ( HUN ) announced that the company's board of directors has declared a $0.125 per share cash dividend on its common stock. SPX Corporation ( SPW ) announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on July 2, 2014 to shareholders of record on June 16, 2014.
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The Deere & Company ( DE ) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. SPX Corporation ( SPW ) announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on July 2, 2014 to shareholders of record on June 16, 2014. VIDEO: Daily Dividend Report: DE, HUN, SPW, DSW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Deere & Company ( DE ) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. This is the twelfth increase to the Deere & Company quarterly dividend in 10 years. SPX Corporation ( SPW ) announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on July 2, 2014 to shareholders of record on June 16, 2014.
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2014-05-15 00:00:00 UTC
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#PreMarket Primer: Thursday, May 15: Eurozone GDP Highlights Uneven Recovery
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https://www.nasdaq.com/articles/premarket-primer-thursday-may-15-eurozone-gdp-highlights-uneven-recovery-2014-05-15
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nan
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Eurozone first quarter GDP figures came in with mixed performances across the region. Germany, the bloc's largest economy, saw an 0.8 percent rise in gross domestic product.
The data marked the nation's fastest expansion since 2011. By contrast, the eurozone's second largest economy, France, grew just 0.2 percent.
Although that figure outpaced analysts' expectations of a 0.1 percent expansion, it highlighted the troubles the bloc is facing with an uneven recovery. As a whole, the region's GDP missed the mark, expanding just 0.2 percent, compared to analysts' expectations of 0.4 percent expansion.
Top News
In other news around the markets:
The Wall Street Journal reported that AT&T 's deal team, a group of about 20 people tasked with working out the details of the company's mergers and acquisitions, is actively putting together a plan to acquire DirecTV for around $50 billion. Sources close to the deal have said that AT&T hired Lazard to advise the company throughout the process. After China positioned an oil rig in a part of the South China Sea that has been claimed by Vietnam, Vietnamese people across the country erupted into protests. On Wednesday night, the demonstrations turned violent as protesters stormed the nation's largest steel plant following outbursts of looting and arson. The events left over 20 dead and hundreds injured and prompted Chinese living in the country to flee. Data out on Thursday showed that better than expected capital spending data helped boost Japanese GDP in the first quarter by 5.9 percent. The figure was far above analysts' expectations of a 4.2 percent rise in GDP, which relieved some of the pressure on the Bank of Japan for more stimulus to support growth following the nation's April sales tax hike. With General Electric in the process of acquiring Alstom SA 's energy assets, French Prime Minister Manuel Valls signed a decree which allows the government to block any foreign takeover that it deems strategic. The decree will strengthen the government's ability to interfere with GE's bid if it is not happy with the terms of agreement.
Asian markets were mixed; the Japanese NIKKEI was down 0.75 percent, the Shanghai composite was down 1.12 percent and the Shenzhen composite lost 1.77 percent. However the Hang seng index gained 0.66 percent and Australia's ASX 200 rose 0.26 percent.
European Markets
European markets were down across the board; the UK's FTSE was down 0.14 percent, the eurozone's STOXX 600 lost 0.17 percent, Italy's MIB fell 1.32 percent and France's CAC 40 lost 0.31 percent
Energy futures retreated, Brent futures were down 0.17 percent and WTI futures lost 0.55 percent. Gold lost 0.06 percent and silver was down 0.18 percent, while industrial metals rose. Copper was up 0.13 percent, aluminum rose 1.57 percent and zinc was up 1.94 percent.
The euro continued to lose ground on Thursday, dropping to $1.3676 and losing 0.26 percent against the pound. The dollar lost 0.01 percent against the yen, but gained 0.06 percent against the sterling.
Earnings
Notable earnings released on Wednesday included:
Macy's (NYSE: M ) reported first quarter EPS of $0.60 on revenue of $6.28 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Deere & Company (NYSE: DE ) reported second quarter EPS of $2.65 on revenue of $9.25 billion, compared to last year's EPS of $2.76 on revenue of $10.26 billion. Cisco Systems (NASDAQ: CSCO ) reported third quarter EPS of $0.51 on revenue of $11.50 billion, compared to last year's EPS of $0.51 on revenue of $12.22 billion. Pinnacle Foods (NYSE: PF ) reported first quarter EPS of $0.36 on revenue of $644.00 million, compared to last year's EPS of $0.34 on revenue of $612.98 million.
Stocks moving in the Premarket included:
Kinder Morgan Inc. (NYSE: KMI ) was up 0.99 percent in premarket trade after rising 2.25 percent on Wednesday. Verizon Communications, Inc.(NYSE: VZ ) was down 0.23 percent in premarket trade after losing 0.99 percent over the past five days.
Notable earnings releases expected on Thursday include:
Wal-Mart Stores (NYSE: WMT ) is expected to report first quarter EPS of $1.16 on revenue of $116.24 billion, compared to last year's EPS of $1.14 on revenue of $114.19 billion. Kohl's (NYSE: KSS ) is expected to report first quarter EPS of $0.63 on revenue of $4.23 billion, compared to last year's EPS of $0.66 on revenue of $4.20 billion. Nordstrom (NYSE: JWN ) is expected to report first quarter EPS of $0.68 on revenue of $2.86 billion, compared to last year's EPS of $0.73 on revenue of $2.75 billion. J.C. Penney Company (NYSE: JCP ) is expected to report a first quarter loss of $1.25 on revenue of $2.71 billion, compared to last year's loss of $1.38 on revenue of $2.64 billion.
Economics
Thursday will be a busy day for economic data with releases including US industrial production, US initial and continuing jobless claims, US CPI, eurozone GDP, Italian GDP, French GDP and German GDP.
For a recap of Wednesday's market action, click .
Tune into Benzinga's #PreMarket Prep show with Dennis Dick and Joel Elconin here .
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
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 night, the demonstrations turned violent as protesters stormed the nation's largest steel plant following outbursts of looting and arson. With General Electric in the process of acquiring Alstom SA 's energy assets, French Prime Minister Manuel Valls signed a decree which allows the government to block any foreign takeover that it deems strategic. Top News In other news around the markets: The Wall Street Journal reported that AT&T 's deal team, a group of about 20 people tasked with working out the details of the company's mergers and acquisitions, is actively putting together a plan to acquire DirecTV for around $50 billion.
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Earnings Notable earnings released on Wednesday included: Macy's (NYSE: M ) reported first quarter EPS of $0.60 on revenue of $6.28 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Notable earnings releases expected on Thursday include: Wal-Mart Stores (NYSE: WMT ) is expected to report first quarter EPS of $1.16 on revenue of $116.24 billion, compared to last year's EPS of $1.14 on revenue of $114.19 billion. Top News In other news around the markets: The Wall Street Journal reported that AT&T 's deal team, a group of about 20 people tasked with working out the details of the company's mergers and acquisitions, is actively putting together a plan to acquire DirecTV for around $50 billion.
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Earnings Notable earnings released on Wednesday included: Macy's (NYSE: M ) reported first quarter EPS of $0.60 on revenue of $6.28 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Notable earnings releases expected on Thursday include: Wal-Mart Stores (NYSE: WMT ) is expected to report first quarter EPS of $1.16 on revenue of $116.24 billion, compared to last year's EPS of $1.14 on revenue of $114.19 billion. Top News In other news around the markets: The Wall Street Journal reported that AT&T 's deal team, a group of about 20 people tasked with working out the details of the company's mergers and acquisitions, is actively putting together a plan to acquire DirecTV for around $50 billion.
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With General Electric in the process of acquiring Alstom SA 's energy assets, French Prime Minister Manuel Valls signed a decree which allows the government to block any foreign takeover that it deems strategic. Top News In other news around the markets: The Wall Street Journal reported that AT&T 's deal team, a group of about 20 people tasked with working out the details of the company's mergers and acquisitions, is actively putting together a plan to acquire DirecTV for around $50 billion. Sources close to the deal have said that AT&T hired Lazard to advise the company throughout the process.
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722917.0
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2014-05-14 00:00:00 UTC
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Can Margins Remain Strong? - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/can-margins-remain-strong-ahead-wall-street-2014-05-14
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nan
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nan
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Wednesday, May 14, 2014
A somewhat hotter than expected wholesale inflation reading and a couple of mixed earnings reports provide the backdrop for today's stock market action. The wholesale inflation report doesn't necessarily mean that the retail inflation number (CPI) coming out on Thursday will show similar spike, though some signs of inflationary pressures will not necessarily be bad. The bond market's tepid reaction to today's PPI report shows that it isn't overly concerned about the inflation situation, at least not yet.
On the earnings front, we got reports from Macy's ( M ) and Deere & Co ( DE ) this morning, while Cisco ( CSCO ) will report after the close. Deere's earnings and revenues were below the year-earlier level, though effective cost controls helped the farm-equipment giant beat top- and bottom-line estimates. Equipment sales were down -10% in Q1, with North American sales down -12% from the year-earlier period. Crucially, the company is guiding towards a bigger drop in equipment sales this year, with soft agricultural commodity prices weighing on equipment demand.
The Macy's report was similarly mixed, with the company beating on EPS but missing revenue estimates. Importantly, the company reiterated full-year guidance and raised quarterly dividend by 25%. Macy's has been a strong performer in the retail space, though the sector as a whole hasn't being doing that good on the earnings front. Total earnings for the 55% of the retail sector's total market capitalization that has reported Q1 results already are up +3.1% on +6.3% higher revenues, with only 39.1% of the companies coming ahead of EPS estimates.
The lack of earnings growth for the retail sector despite revenue gains spotlights the broadly promotional environment and the sector's margin challenge. Beyond retail, margins have held up strongly for the corporate sector as a whole, though today's wholesale inflation report points to challenges down the road. If companies can't pass on rising costs to consumers due to competitive pressures, it will eventually show up in contracting margins.
Corporate margins already remain in record territory, but consensus estimates expect them to steadily keep expanding, albeit at a slower pace in the coming periods. But margins have historically tended to revert to the mean and expecting them to continue expanding may not be reasonable. If we have to see earnings growth in the coming quarters, we will need to rely more on top-line gains and less on continued margin expansion.
Sheraz Mian
Director of Research
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CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
MACYS INC (M): 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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Wednesday, May 14, 2014 A somewhat hotter than expected wholesale inflation reading and a couple of mixed earnings reports provide the backdrop for today's stock market action. Deere's earnings and revenues were below the year-earlier level, though effective cost controls helped the farm-equipment giant beat top- and bottom-line estimates. On the earnings front, we got reports from Macy's ( M ) and Deere & Co ( DE ) this morning, while Cisco ( CSCO ) will report after the close.
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Click to get this free report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Wednesday, May 14, 2014 A somewhat hotter than expected wholesale inflation reading and a couple of mixed earnings reports provide the backdrop for today's stock market action. On the earnings front, we got reports from Macy's ( M ) and Deere & Co ( DE ) this morning, while Cisco ( CSCO ) will report after the close.
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Click to get this free report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. Wednesday, May 14, 2014 A somewhat hotter than expected wholesale inflation reading and a couple of mixed earnings reports provide the backdrop for today's stock market action. On the earnings front, we got reports from Macy's ( M ) and Deere & Co ( DE ) this morning, while Cisco ( CSCO ) will report after the close.
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Wednesday, May 14, 2014 A somewhat hotter than expected wholesale inflation reading and a couple of mixed earnings reports provide the backdrop for today's stock market action. Click to get this free report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report To read this article on Zacks.com click here. On the earnings front, we got reports from Macy's ( M ) and Deere & Co ( DE ) this morning, while Cisco ( CSCO ) will report after the close.
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2014-05-14 00:00:00 UTC
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Deere Shares Dip as Earnings Lag Y/Y - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-shares-dip-as-earnings-lag-y-y-analyst-blog-2014-05-14
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Shares of Deere & Company ( DE ) dipped 1.78% during the pre-market trading session today, May 14, on reporting a decline in both its top and bottom lines for the second quarter of fiscal 2014 (ended Apr 30, 2014) and a trimmed guidance for worldwide equipment sales for fiscal 2014.
Earnings per share were reported at $2.65, down 4% from $2.76 earned in the prior-year quarter. Deere's second-quarter earnings, however, beat the Zacks Consensus Estimate of $2.40, delivering an earnings surprise of +10%.
Lower shipment volumes, unfavorable effects of foreign-currency exchange, and a less favorable product mix partially offset benefits from price realization and a lower effective tax rate, thereby leading to the decline in earnings.
Operational Update
Deere's worldwide total sales dipped 9% year over year to $9.95 billion, surpassing the Zacks Consensus Estimate of $9.55 billion. Net sales of equipment operations (which comprise of Agriculture and Turf, Construction and Forestry) were $9.2 billion, down 10% year over year, including a price realization of 2%, offset by a 1% unfavorable currency translation. Region-wise, equipment net sales were down 12% in the U.S. and Canada and 6% in rest of the world.
Cost of sales in the quarter decreased 8% year over year to $6.87 billion. Gross profit during the quarter was $3.08 billion, down 10% year over year. Selling, administrative and general expenses dipped 11% to $846 million. Operating profit declined 15% year over year to $1.6 billion.
Operating income from equipment operations plunged 18% year over year to $1.36 billion as lower shipment volumes, the unfavorable effects of foreign currency exchange, and a less favorable product mix offset the benefit of price realization.
Segment Performance
The Agriculture & Turf segment sales decreased 12% year over year to $7.6 billion, as lower shipment volumes, sale of John Deere Landscapes and the unfavorable effects of currency translation, partially offset price realization. Operating profit of the segment declined 22% year over year to $1.2 billion due to same reasons mentioned above along with a less favorable product mix.
Construction & Forestry sales improved 2% year over year to $1.6 billion, attributed to higher shipment volumes. Operating profit in the segment surged 63% year over year to $132 million, driven by higher shipment volumes, lower production costs, lower selling, administrative and general expenses, partially offset by higher sales incentive costs.
Net revenues at Deere's Financial Services operations were $572 million in the reported quarter, up 7% year over year. The segment's operating profit was $229 million, compared with $198 million in the prior-year quarter. Net income in this segment was $148 million compared with $125 million in the year-ago quarter. The improvement stemmed from growth in credit portfolio, partially offset by higher selling, administrative and general expenses.
Financial Position
As of Apr 31, 2014, Deere had cash and cash equivalents of $3.1 billion, down from $3.6 billion as of Mar 31, 2013. Long-term borrowings were at $23 billion as of Apr 31, 2014 compared with $21.7 billion as of Mar 31, 2013. Net cash flow used in operating activities was $832 million in the quarter compared with a usage of $1.16 billion in the prior-year quarter.
Looking Ahead
Deere expects equipment sales to decrease around 4% year over year for the third quarter of fiscal 2014. For the full year, Deere trimmed its forecast by 4% from the previous expectation of a 3% dip. Deere, however, maintained its net income projection of $3.3 billion for fiscal 2014.
Segment-wise, Deere projects Agriculture and Turf equipment sales to decline 7% for fiscal 2014, down from the previous expectation of a 6% drop. This includes a negative currency translation effect of about 1%. Farm incomes are expected to be lower than in 2013, which will have a dampening effect on demand for large farm equipment.
Region-wise, Deere expects that industry farm machinery sales in the U.S. and Canada will decline 5% to 10% year over year in fiscal 2014. In Europe, sales are projected to be down 5% due to lower commodity prices and farm income. Sales in the Commonwealth of Independent States are expected to be significantly lower. Sales in Asia are expected to be up slightly year over year. In South America, industry sales of tractors and combines are expected to decline by 10% year over year.
Deere expects sales growth of turf and utility equipment in the U.S. and Canada to be flat to up 5%, reflecting improved market conditions. The company foresees global sales for Construction & Forestry equipment to advance about 10%, partly because of the recovery in the U.S. economy and a rise in housing starts. Global forestry sales are expected to be higher, driven by economic growth and higher sales in European markets. Net income from Financial Services is estimated at around $600 million.
Our View
Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Meanwhile in the near term, even though net farm income remains at high levels, farmer sentiments regarding capital goods purchases are becoming more conservative due to lower commodity prices.
Deere will nevertheless benefit from recovery in the construction sector and stabilization in the European economy. Furthermore, given its strong balance sheet, the company can continue to increase dividends and repurchase shares.
Moline, IL-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and operates through dealers to resell products internationally.
Deere currently holds a Zacks Rank #4 (Sell). Some stocks that are worth considering within this sector include Gorman-Rupp Co. ( GRC ), Blount International Inc. ( BLT ) and Broadwind Energy, Inc. ( BWEN ). While Gorman-Rupp sports a Zacks Rank #1 (Strong Buy), Blount International and Broadwind Energy carry a Zacks Rank #2 (Buy).
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BLOUNT INTL (BLT): Free Stock Analysis Report
BROADWIND ENRGY (BWEN): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
GORMAN RUPP CO (GRC): 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 expects sales growth of turf and utility equipment in the U.S. and Canada to be flat to up 5%, reflecting improved market conditions. Shares of Deere & Company ( DE ) dipped 1.78% during the pre-market trading session today, May 14, on reporting a decline in both its top and bottom lines for the second quarter of fiscal 2014 (ended Apr 30, 2014) and a trimmed guidance for worldwide equipment sales for fiscal 2014. Deere's second-quarter earnings, however, beat the Zacks Consensus Estimate of $2.40, delivering an earnings surprise of +10%.
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Segment Performance The Agriculture & Turf segment sales decreased 12% year over year to $7.6 billion, as lower shipment volumes, sale of John Deere Landscapes and the unfavorable effects of currency translation, partially offset price realization. Click to get this free report BLOUNT INTL (BLT): Free Stock Analysis Report BROADWIND ENRGY (BWEN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GORMAN RUPP CO (GRC): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & Company ( DE ) dipped 1.78% during the pre-market trading session today, May 14, on reporting a decline in both its top and bottom lines for the second quarter of fiscal 2014 (ended Apr 30, 2014) and a trimmed guidance for worldwide equipment sales for fiscal 2014.
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Operational Update Deere's worldwide total sales dipped 9% year over year to $9.95 billion, surpassing the Zacks Consensus Estimate of $9.55 billion. Segment Performance The Agriculture & Turf segment sales decreased 12% year over year to $7.6 billion, as lower shipment volumes, sale of John Deere Landscapes and the unfavorable effects of currency translation, partially offset price realization. Shares of Deere & Company ( DE ) dipped 1.78% during the pre-market trading session today, May 14, on reporting a decline in both its top and bottom lines for the second quarter of fiscal 2014 (ended Apr 30, 2014) and a trimmed guidance for worldwide equipment sales for fiscal 2014.
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Net revenues at Deere's Financial Services operations were $572 million in the reported quarter, up 7% year over year. Shares of Deere & Company ( DE ) dipped 1.78% during the pre-market trading session today, May 14, on reporting a decline in both its top and bottom lines for the second quarter of fiscal 2014 (ended Apr 30, 2014) and a trimmed guidance for worldwide equipment sales for fiscal 2014. Deere's second-quarter earnings, however, beat the Zacks Consensus Estimate of $2.40, delivering an earnings surprise of +10%.
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2014-05-14 00:00:00 UTC
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Futures Turn Negative As Bullish Momentum Dissolves
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DE
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https://www.nasdaq.com/articles/futures-turn-negative-bullish-momentum-dissolves-2014-05-14
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nan
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Futures were reflecting the more defensive tone in the equity market as investors seemed anxious with challenging record highs amid the landscape of somewhat disappointing economic data, mixed corporate earnings and a still unresolved situation in Eastern Europe. And although the European Central Bank and Bank of England are both now expected to retain an accommodative monetary policy, European equities were lower as well with the UK FTSE underperforming its EU counterparts.
Adding to the weaker tone was a much greater-than-expected increase in producer prices which jumped 0.6% in April, the largest monthly gain in 2-½ years, beating estimates for a more modest 0.2% increase. Excluding the volatile food and fuel component, PPI rose 0.5%, also above estimates for a 0.2% advance.
In corporate news, Sears ( SHLD ) is considering strategic options for its 51% stake in Sears Canada (SCC.TO), Macy's ( M ) beat earnings estimates by $0.01, but missed revenue estimates, while John Deere ( DE ) reported a bottom-line beat on revenue that came in below street estimates.
-Dow Jones Industrial down 0.07%
-S&P 500 futures down 0.13%
-Nasdaq 100 futures down 0.29%
SENTIMENT
Nikkei down 0.14%
Hang Seng up 1.03%
Shanghai Composite down 0.14%
FTSE-100 down 0.14%
DAX-30 down 0.24%
PRE-MARKET SECTOR WATCH
(-) Large cap tech: lower
(-) Chip stocks: lower
(-) Software stocks: lower
(-) Hardware stocks: lower
(+/-) Internet stocks: mixed
(-) Drug stocks: lower
(+/-) Financial stocks: mixed
(+) Retail stocks: higher
(+/-) Industrial stocks: mixed
(+/-) Airlines: mixed
(+/-) Autos flat
UPSIDE MOVERS:
(+) PTX (+41.36%) $250 million deal to buy U.S. rights to treximet from GlaxoSmithKline ( GSK )
(+) CLDX (+8.87%) Struck a clinical trial collaboration agreement with Bristol-Myers Squibb ( BMY )
(+) M (+2.06%) Beats earnings by $0.01 but misses on revenue, maintains guidance, increases dividend and share buyback
DOWNSIDE MOVERS:
(-) HYGS, HYG.TO (-22.41%) Begun the sale of shares from its treasury and by selling shareholder Commscope.
(-) ENZY (-8.45%) Earnings missed estimates and warned of lower Q2 and FY 2014 sales
(-) FOSL (-6.69%) Below-consensus guidance overshadowed its earnings beat.
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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Futures were reflecting the more defensive tone in the equity market as investors seemed anxious with challenging record highs amid the landscape of somewhat disappointing economic data, mixed corporate earnings and a still unresolved situation in Eastern Europe. (+) PTX (+41.36%) $250 million deal to buy U.S. rights to treximet from GlaxoSmithKline ( GSK ) (+) CLDX (+8.87%) Struck a clinical trial collaboration agreement with Bristol-Myers Squibb ( BMY ) (+) M (+2.06%) Beats earnings by $0.01 but misses on revenue, maintains guidance, increases dividend and share buyback And although the European Central Bank and Bank of England are both now expected to retain an accommodative monetary policy, European equities were lower as well with the UK FTSE underperforming its EU counterparts.
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In corporate news, Sears ( SHLD ) is considering strategic options for its 51% stake in Sears Canada (SCC.TO), Macy's ( M ) beat earnings estimates by $0.01, but missed revenue estimates, while John Deere ( DE ) reported a bottom-line beat on revenue that came in below street estimates. Futures were reflecting the more defensive tone in the equity market as investors seemed anxious with challenging record highs amid the landscape of somewhat disappointing economic data, mixed corporate earnings and a still unresolved situation in Eastern Europe. And although the European Central Bank and Bank of England are both now expected to retain an accommodative monetary policy, European equities were lower as well with the UK FTSE underperforming its EU counterparts.
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In corporate news, Sears ( SHLD ) is considering strategic options for its 51% stake in Sears Canada (SCC.TO), Macy's ( M ) beat earnings estimates by $0.01, but missed revenue estimates, while John Deere ( DE ) reported a bottom-line beat on revenue that came in below street estimates. (+) PTX (+41.36%) $250 million deal to buy U.S. rights to treximet from GlaxoSmithKline ( GSK ) (+) CLDX (+8.87%) Struck a clinical trial collaboration agreement with Bristol-Myers Squibb ( BMY ) (+) M (+2.06%) Beats earnings by $0.01 but misses on revenue, maintains guidance, increases dividend and share buyback Futures were reflecting the more defensive tone in the equity market as investors seemed anxious with challenging record highs amid the landscape of somewhat disappointing economic data, mixed corporate earnings and a still unresolved situation in Eastern Europe.
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Futures were reflecting the more defensive tone in the equity market as investors seemed anxious with challenging record highs amid the landscape of somewhat disappointing economic data, mixed corporate earnings and a still unresolved situation in Eastern Europe. And although the European Central Bank and Bank of England are both now expected to retain an accommodative monetary policy, European equities were lower as well with the UK FTSE underperforming its EU counterparts. (+) PTX (+41.36%) $250 million deal to buy U.S. rights to treximet from GlaxoSmithKline ( GSK ) (+) CLDX (+8.87%) Struck a clinical trial collaboration agreement with Bristol-Myers Squibb ( BMY ) (+) M (+2.06%) Beats earnings by $0.01 but misses on revenue, maintains guidance, increases dividend and share buyback
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2014-05-14 00:00:00 UTC
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Midday Update: Wall Street Turns Defensive on Mixed Earnings, Inflation Pressures
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DE
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https://www.nasdaq.com/articles/midday-update-wall-street-turns-defensive-mixed-earnings-inflation-pressures-2014-05-14
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nan
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Stocks retreated Wednesday from record highs set yesterday as investors fret over rising price pressures and mixed corporate earnings from Macy's ( M ) and John Deere ( DE ). Selling has been mild, however, allowing the major indices to hug a paper-thin range near yesterday's closing levels.
Producer prices jumped 0.6% last month, the largest monthly gain in the inflation barometer in more than 18 months and topping estimates looking for a 0.2% increase. Excluding the more volatile food and fuel segment, producer prices increased 0.5%, also topping forecasts expecting a 0.2% rise.
European markets were mixed at the close as overseas investors digested the combination of bullish UK employment data and downbeat EU-zone industrial production against dovish comments from Bank of England Governor Mark Carney which ruled out an imminent increase in UK rates.
Crude oil was up $0.79 to $102.49 per barrel. Natural gas was up $0.0.02 to $4.39 per 1 million BTU. Gold was up $9.90 to $1,304.70 an ounce, while silver was up $0.24 to $19.79 an ounce. Copper was up $0.02 to $3.15 per pound.
Among energy ETFs, the United States Oil Fund was up 0.67% to $37.29 with the United States Natural Gas Fund was up 0.08% to $24.23. Amongst precious-metal funds, the Market Vectors Gold Miners ETF was up 0.99% to 24.00 while SPDR Gold Shares were up 0.83% to $125.64. The iShares Silver Trust was up 1.28% to $19.01.
Here's where the markets stand at mid-day:
NYSE Composite Index down 12.92 (-0.12%) to 10,689.94
Dow Jones Industrial Average down 61.59 (-0.37%) to 16,653.85
S&P 500 down 4.30 (-0.23%) to 18,93.15
Nasdaq Composite Index down 12.14 (-0.29%) to 4,118.03
GLOBAL SENTIMENT
Nikkei 225 Index down 0.14%
Hang Seng Index up 1.03%
Shanghai China Composite Index down 0.14%
FTSE 100 Index up 0.08%
CAC 40 down 0.09%
DAX unchanged
NYSE SECTOR INDICES
NYSE Energy Sector Index up 0.10%
NYSE Financial Sector Index down 0.31%
NYSE Healthcare Sector Index up 0.07%
UPSIDE MOVERS
(+) STKL, SOY.TO (+12.00%) Reported better-than-expected Q1 earnings and revenues.
(+) CLDX (+25.73%) Struck a clinical trial collaboration agreement with Bristol-Myers Squibb ( BMY ).
(+) PTX (+28.74%) $250 million deal to buy U.S. rights to treximet from GlaxoSmithKline ( GSK ).
(+) SUMR (+46.39%) Earnings and revenues beat street forecasts.
DOWNSIDE MOVERS
(-) HYGS, HYG.TO (-23.18%) Begun the sale of shares from its treasury and by selling shareholder Commscope.
(-) ENZY (-28.92%) Earnings missed estimates and warned of lower Q2 and FY 2014 sales.
(-) ZU (-9.23%) Lock-up period expires allowing investors to sell shares offered in IPO.
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 retreated Wednesday from record highs set yesterday as investors fret over rising price pressures and mixed corporate earnings from Macy's ( M ) and John Deere ( DE ). Crude oil was up $0.79 to $102.49 per barrel. Here's where the markets stand at mid-day: NYSE Composite Index down 12.92 (-0.12%) to 10,689.94 Dow Jones Industrial Average down 61.59 (-0.37%) to 16,653.85 S&P 500 down 4.30 (-0.23%) to 18,93.15 Nasdaq Composite Index down 12.14 (-0.29%) to 4,118.03
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NYSE Energy Sector Index up 0.10% NYSE Financial Sector Index down 0.31% NYSE Healthcare Sector Index up 0.07% Stocks retreated Wednesday from record highs set yesterday as investors fret over rising price pressures and mixed corporate earnings from Macy's ( M ) and John Deere ( DE ). Crude oil was up $0.79 to $102.49 per barrel.
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Stocks retreated Wednesday from record highs set yesterday as investors fret over rising price pressures and mixed corporate earnings from Macy's ( M ) and John Deere ( DE ). NYSE Energy Sector Index up 0.10% NYSE Financial Sector Index down 0.31% NYSE Healthcare Sector Index up 0.07% Crude oil was up $0.79 to $102.49 per barrel.
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Stocks retreated Wednesday from record highs set yesterday as investors fret over rising price pressures and mixed corporate earnings from Macy's ( M ) and John Deere ( DE ). Crude oil was up $0.79 to $102.49 per barrel. Here's where the markets stand at mid-day: NYSE Composite Index down 12.92 (-0.12%) to 10,689.94 Dow Jones Industrial Average down 61.59 (-0.37%) to 16,653.85 S&P 500 down 4.30 (-0.23%) to 18,93.15 Nasdaq Composite Index down 12.14 (-0.29%) to 4,118.03
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a50a8aad-885a-4c51-8947-bd1a09fcbe32
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722921.0
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2014-05-14 00:00:00 UTC
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#PreMarket Primer: Wednesday, May 14: Markets Surprised To Hear Bundesbank Is On Board With ECB Stimulus
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DE
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https://www.nasdaq.com/articles/premarket-primer-wednesday-may-14-markets-surprised-hear-bundesbank-board-ecb-stimulus
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nan
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nan
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Investors were surprised by reports from The Wall Street Journal which claimed that Germany's Bundesbank is on board for more stimulus measures at the European Central Bank's June meeting if the region's financials warrant action.
The bank, which has traditionally been at odds with the ECB over policy measures, is reportedly ready to fight falling inflation by easing further.
Bundesbank President Jens Weidmann is well known for opposing the ECB's 2012 unlimited bond buying plan, designed to fight the region's debt crisis. The Bundesbank is expected to look closely at projections for eurozone inflation through 2016 to make its decision, however the bloc's poor inflation figures aren't expected to make a comeback without the ECB's intervention.
Top News
In other news around the markets:
On Wednesday, China's Ministry of Public Security accused GlaxoSmithKline PLC's Mark Reilly of ordering his sales team and other employees to commit bribery in order to make sales in China. Reilly, the head of the company's Chinese operations, allegedly earned billions of yuan in revenue through a bribery scheme which extended to hospital doctors and healthcare organizations. On Tuesday, Europe's top court ruled that individuals should have the ability to request that certain links be removed from search results for their name. The decision sets a powerful precedent across the region and highlights the delicate balance between online privacy and free speech. Western leaders are working to promote the Ukrainian government's plans to hold a "round table" discussion about the nation's worsening crisis on Wednesday, however Kiev has refused to include rebel leaders in the talks. After a secession vote over the weekend, the region's conflict has only worsened; something many fear will have a negative impact on Ukraine's presidential elections, set for May 25. US retail sales for April showed that the nation's consumers were reverting back to their cautious spending patterns as the figure increased just 0.1 percent to $434.6 billion from March's figure. The data, although disappointing, did not sway popular opinion that the US economy is back on track after struggling in the first quarter.
Asian Markets
Asian markets were higher with the exception of the NIKKEI and the Shanghai composite, which were both up 0.14 percent. The Shenzhen composite gained 0.09 percent, the Hang Seng index rose 1.03 percent and the South Korean KOSPI was up 1.41 percent.
European Markets
European markets were mostly lower; the UK's FTSE was down 0.05 percent, the eurozone's STOXX 600 lost 0.18 percent, Italy's MIB was down 0.43 percent and France's CAC 40 lost 0.23 percent.
Commodities
Energy futures climbed with Brent futures up 0.41 percent to $109.69 per barrel and WTI futures up 0.36 percent to $102.07 per barrel. Gold and silver gained 0.47 percent and 0.86 percent respectively, but industrial metals were mixed. Copper gained 0.45 percent and tin was up 1.57 percent, but aluminum lost 0.34 percent and zinc was down 0.77 percent.
Currencies
The euro lost momentum and fell to $1.3722 and lost 0.27 percent against the yen. The dollar was also lower against the yen, down 0.41 percent; and the greenback also lost out to the franc by 0.16 percent.
Earnings
Notable earnings released on Tuesday included:
CST Brands (NYSE: CST ) reported first quarter EPS of $0.14 on revenue of $3.00 billion. URS Corporation (NYSE: URS ) reported first quarter EPS of $0.60 on revenue of $2.54 billion, compared to last year's EPS of $0.96 on revenue of $2.80 billion. Fossil (NASDAQ: FOSL ) reported first quarter EPS of $1.22 on revenue of $776.50 million, compared to last year's EPS of $1.21 on revenue of $680.90 million.
Stocks moving in the Premarket included:
H&R Block (NYSE: HRB ) was up 1.52 percent in premarket trade after gaining 2.02 percent over the past week. CMS Energy (NYSE: CMS ) rose 0.65 percent in premarket trade after losing 2.09 percent over the past five days. Lockheed Martin (NYSE: LMT ) gained 0.37 percent in premarket trade after rising 0.43 percent on Tuesday. Verizon Communications (NYSE: VZ ) was down 0.17 percent in premarket trade after falling 0.64 percent on Tuesday.
Notable earnings releases expected on Wednesday include:
Macy's Inc. (NYSE: M ) is expected to report first quarter EPS of $0.60 on revenue of $6.47 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Deere & Company (NYSE: DE ) is expected to report second quarter EPS of $2.47 on revenue of $9.65 billion, compared to last year's EPS of $2.76 on revenue of $10.26 billion. Cisco Systems, Inc. (NASDAQ: CSCO ) is expected to report third quarter EPS of $0.48 on revenue of $11.38 billion, compared to last year's EPS of $0.51 on revenue of $12.22 billion. Pinnacle Foods (NYSE: PF ) is expected to report first quarter EPS of $0.35 on revenue of $649.30 million, compared to last year's EPS of $0.34 on revenue of $612.98 million.
Economics
Wednesday will be a busy day for economic releases with several European reports including German CPI, Spanish CPI, eurozone industrial production and the British unemployment rate. Also out on Wednesday will be US PPI and Japanese GDP.
For a recap of Tuesday's market action, click .
Tune into Benzinga's #PreMarket Prep show with Dennis Dick and Joel Elconin here .
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today.
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 were surprised by reports from The Wall Street Journal which claimed that Germany's Bundesbank is on board for more stimulus measures at the European Central Bank's June meeting if the region's financials warrant action. Bundesbank President Jens Weidmann is well known for opposing the ECB's 2012 unlimited bond buying plan, designed to fight the region's debt crisis. Reilly, the head of the company's Chinese operations, allegedly earned billions of yuan in revenue through a bribery scheme which extended to hospital doctors and healthcare organizations.
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Earnings Notable earnings released on Tuesday included: CST Brands (NYSE: CST ) reported first quarter EPS of $0.14 on revenue of $3.00 billion. Notable earnings releases expected on Wednesday include: Macy's Inc. (NYSE: M ) is expected to report first quarter EPS of $0.60 on revenue of $6.47 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Investors were surprised by reports from The Wall Street Journal which claimed that Germany's Bundesbank is on board for more stimulus measures at the European Central Bank's June meeting if the region's financials warrant action.
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Notable earnings releases expected on Wednesday include: Macy's Inc. (NYSE: M ) is expected to report first quarter EPS of $0.60 on revenue of $6.47 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Investors were surprised by reports from The Wall Street Journal which claimed that Germany's Bundesbank is on board for more stimulus measures at the European Central Bank's June meeting if the region's financials warrant action. Bundesbank President Jens Weidmann is well known for opposing the ECB's 2012 unlimited bond buying plan, designed to fight the region's debt crisis.
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Notable earnings releases expected on Wednesday include: Macy's Inc. (NYSE: M ) is expected to report first quarter EPS of $0.60 on revenue of $6.47 billion, compared to last year's EPS of $0.55 on revenue of $6.39 billion. Investors were surprised by reports from The Wall Street Journal which claimed that Germany's Bundesbank is on board for more stimulus measures at the European Central Bank's June meeting if the region's financials warrant action. Bundesbank President Jens Weidmann is well known for opposing the ECB's 2012 unlimited bond buying plan, designed to fight the region's debt crisis.
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ba5968b2-6479-4204-a073-23bd35fbbe7e
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722922.0
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2014-05-13 00:00:00 UTC
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Pre-Market Earnings Report for May 14, 2014 : DE, M, PF, IOC, GLOG, CEL, DSX, SODA, EZCH, PLUG, IMOS, NNA
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-14-2014-de-m-pf-ioc-glog-cel-dsx-soda-ezch-plug-imos-nna
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The following companies are expected to report earnings prior to market open on 05/14/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending April 30, 2014. The farm machinery company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.40. This value represents a 13.04% 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 1st calendar quarter where they beat the consensus by 19.87%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DE is 11.20 vs. an industry ratio of 18.90.
Macy's Inc ( M ) is reporting for the quarter ending April 30, 2014. The retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.59. This value represents a 7.27% increase compared to the same quarter last year. M missed the consensus earnings per share in the 3rd calendar quarter of 2013 by -7.69%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for M is 12.84 vs. an industry ratio of 12.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Pinnacle Foods, Inc. ( PF ) is reporting for the quarter ending March 31, 2014. The food company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.35. This value represents a 2.94% increase compared to the same quarter last year. PF missed the consensus earnings per share in the 4th calendar quarter of 2013 by -1.69%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PF is 19.81 vs. an industry ratio of 20.80.
InterOil Corporation ( IOC ) is reporting for the quarter ending March 31, 2014. The oil company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.01. This value represents a 112.50% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 20 days. Zacks Investment Research reports that the Price to Earnings ratio for IOC is 0.00 vs. an industry ratio of 11.10.
GasLog LP. ( GLOG ) is reporting for the quarter ending March 31, 2014. The shipping company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.14. This value represents a 180.00% increase compared to the same quarter last year. GLOG missed the consensus earnings per share in the 1st calendar quarter of 2013 by -16.67%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for GLOG is 24.75 vs. an industry ratio of -40.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Cellcom Israel, Ltd. ( CEL ) is reporting for the quarter ending March 31, 2014. The wireless (non-us) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.25. This value represents a 38.89% increase compared to the same quarter last year. CEL missed the consensus earnings per share in the 2nd calendar quarter of 2013 by -33.33%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CEL is 13.55 vs. an industry ratio of 11.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Diana Shipping inc. ( DSX ) is reporting for the quarter ending March 31, 2014. The shipping company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.09. This value represents a 800.00% decrease compared to the same quarter last year. DSX missed the consensus earnings per share in the 4th calendar quarter of 2013 by -50%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DSX is -39.04 vs. an industry ratio of -40.40, implying that they will have a higher earnings growth than their competitors in the same industry.
SodaStream International Ltd. ( SODA ) is reporting for the quarter ending March 31, 2014. The consumer company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.02. This value represents a 96.49% decrease compared to the same quarter last year. In the past year SODA has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 200%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for SODA is 22.40 vs. an industry ratio of 25.80.
EZchip Semiconductor Limited ( EZCH ) is reporting for the quarter ending March 31, 2014. The semi fab foundry company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.20. This value represents a 66.67% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 24 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for EZCH is 24.39 vs. an industry ratio of 19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Plug Power, Inc. ( PLUG ) is reporting for the quarter ending March 31, 2014. The machinery company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.05. This value represents a 64.29% increase compared to the same quarter last year. The last two quarters PLUG had negative earnings surprises; the latest report they missed by -14.29%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for PLUG is -43.33 vs. an industry ratio of 11.90.
ChipMOS TECHNOLOGIES (Bermuda) LTD. ( IMOS ) is reporting for the quarter ending March 31, 2014. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.34. This value represents a 17.07% decrease compared to the same quarter last year. In the past year IMOS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 28.57%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for IMOS is 13.56 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Navios Maritime Acquisition Corporation ( NNA ) is reporting for the quarter ending March 31, 2014. The shipping company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.02. This value represents a 100.00% increase compared to the same quarter last year. In the past year NNA has met analyst expectations once and beat the expectations the other two quarters. Zacks Investment Research reports that the 2014 Price to Earnings ratio for NNA is 22.69 vs. an industry ratio of -40.40, 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 April 30, 2014. This value represents a 13.04% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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Deere & Company ( DE ) is reporting for the quarter ending April 30, 2014. This value represents a 13.04% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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Deere & Company ( DE ) is reporting for the quarter ending April 30, 2014. This value represents a 13.04% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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In the past year DE has beat the expectations every quarter. Deere & Company ( DE ) is reporting for the quarter ending April 30, 2014. This value represents a 13.04% decrease compared to the same quarter last year.
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722923.0
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2014-05-12 00:00:00 UTC
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Should You Buy Deere & Company (DE) Ahead of Earnings? - Tale of the Tape
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DE
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https://www.nasdaq.com/articles/should-you-buy-deere-company-de-ahead-of-earnings-tale-of-the-tape-2014-05-12
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company ( DE ) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Deere & Company is seeing favourable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favourable trends underneath the surface for DE in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.51 per share for DE, compared to a broader Zacks Consensus Estimate of $2.40 per share. This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of 4.58% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ).
Given that DE has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report.
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
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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After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favourable trends underneath the surface for DE in this report. Given that DE has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report.
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Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company ( DE ) may be one such company. That is because Deere & Company is seeing favourable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
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This suggests that analysts have very recently bumped up their estimates for DE, giving the stock a Zacks Earnings ESP of 4.58% heading into earnings season. Given that DE has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company ( DE ) may be one such company.
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Given that DE has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Deere & Company, and that a beat might be in the cards for the upcoming report. Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company ( DE ) may be one such company.
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cd1beb6d-7688-4d01-8e69-9642c315baf9
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2014-04-30 00:00:00 UTC
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Trimble Seen As On-Course Despite Head Winds
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DE
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https://www.nasdaq.com/articles/trimble-seen-course-despite-head-winds-2014-04-30
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Trimble Navigation ( TRMB ) may well face head winds in its key agriculture business this year as low commodity prices threaten to eat into farmers' spending power.
That shouldn't stop the maker of Global Positioning System gear and other location technologies from reaping the benefits of a strong market position and generating solid gains in its engineering and construction business, analysts say.
Trimble has evolved from offering simple GPS-based positioning devices to providing advanced software and data subscription products to improve equipment accuracy and efficiency in farming, construction and other industries.
Its lineup includes products that automate large industrial machines such as tractors and bulldozers, surveying instruments, integrated systems that track fleets of vehicles and workers while providing real-time analytics to the back office, and software solutions that connect all aspects of a construction site or farm.
The agriculture part of the business generates about 25% of Trimble's revenue and 30% of its overall profit, says Ryan Connors, an analyst at Janney Montgomery Scott.
Down On The Farm
Here's where the head wind comes in: Farmers' income levels are a function of commodity prices, and after hitting record levels in 2012 and 2013, prices of commodities such as corn have "declined pretty substantially," Connors says.
"As lower commodity prices impact farmers' income levels this will create a head wind for their business this year," he said.
Still, Connors expects Trimble's agriculture business to continue to grow, though likely a "little more slowly" than last year.
"I think sales will hold up relatively well," he added. "Farmers are still in an adoption cycle of technology. Even in a down market for agriculture as a whole, farmers continue to accelerate the implementation of technology. That remains a powerful growth driver for Trimble."
Trimble has capitalized on a trend called precision farming, which is the use of GPS-enabled devices and software to improve farm efficiency and productivity.
Through its offerings in this area, the company helps farmers with every step of the farming process, including land preparation, then the planting, nutrient and pest management, and harvesting phases of a crop cycle. Trimble provides manual and automated navigation guidance for tractors and other farm equipment used in spraying, planting, cultivation and harvesting.
The company offers operations management tools with its Connected Farm platform, which allows information exchange across an entire farm.
Trimble's ability to integrate GPS or other location technologies with application software that boosts productivity has helped the company's advantage, analysts say.
That advantage is reflected in its track record: Trimble has posted double-digit profit gains in all but two of the past 15 quarters. It is expected to keep up that growth level. Analysts surveyed by Thomson Reuters expect first-quarter earnings, to be reported on May 6, to rise 11% to 42 cents a share.
That would follow a solid showing in the fourth quarter. Trimble reported EPS minus items of 43 cents, up 48% from a year earlier and 6 cents above analyst forecasts. Revenue rose 16% to $599.2 million, ahead of views for $567.4 million.
Connors estimates that first-quarter earnings will come in at 43 cents a share, ahead of the consensus of 42 cents a share.
"I think the tone and guidance for the remainder of the year will be very positive as well," he said.
Connors is upbeat about Trimble's prospects for the construction side of its business, which he says represents about 50% of overall profit and similar in sales.
"Construction is starting to move into an up cycle, particularly nonresidential, which is getting set to hit its stride," he said. "So where it has a head wind in agriculture, I believe it has a very nice tailwind in construction, which is coming off a bottom of a cycle."
And, he adds, "just like in agriculture, there's also an adoption of technology taking place" on the part of construction companies.
At Trimble, the engineering and construction segment's software and technology capabilities include advanced civil engineering alignment, design and data preparation software for advanced surveying, geospatial data collection and analysis, and an application-specific field and office software component.
One example is the Connected Site, which comprises offerings that integrate the construction process, including the ability to track equipment and perform remote machine diagnostics.
Needham & Co. analyst Richard Valera says first-quarter results "should be at least solid relative to their guidance and consensus.
"We think the strong recent performance of the stock probably anticipates pretty decent results and guidance," he said.
Agriculture Outlook
Still, Valera was "concerned about the macro agricultural cycle" heading into 2014, given the fact that commodity prices "appear to have peaked in 2012 and 2013."
And 2014 is expected to be a "down year" for the agriculture equipment market made by companies such asDeere & Co. ( DE ), he says.
While Trimble's sales aren't directly correlated with farm equipment sales, there's "some correlation," he adds.
"For the first half of the year, Trimble is set up pretty well," he said. "The thing they have going for them is their comparisons will be easy with last year."
But the second half of the year is a different story: "For the second half of the year, the market for agriculture equipment in unit sales is expected to see a pretty solid decline, and Trimble's comparisons will be significantly tougher."
Trimble is the third-largest firm by market capitalization in IBD's Electronic-Miscellaneous Products industry group, afterCorning ( GLW ) andKyocera ( KYO ).
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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Trimble has evolved from offering simple GPS-based positioning devices to providing advanced software and data subscription products to improve equipment accuracy and efficiency in farming, construction and other industries. Its lineup includes products that automate large industrial machines such as tractors and bulldozers, surveying instruments, integrated systems that track fleets of vehicles and workers while providing real-time analytics to the back office, and software solutions that connect all aspects of a construction site or farm. Down On The Farm Here's where the head wind comes in: Farmers' income levels are a function of commodity prices, and after hitting record levels in 2012 and 2013, prices of commodities such as corn have "declined pretty substantially," Connors says.
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Trimble has evolved from offering simple GPS-based positioning devices to providing advanced software and data subscription products to improve equipment accuracy and efficiency in farming, construction and other industries. At Trimble, the engineering and construction segment's software and technology capabilities include advanced civil engineering alignment, design and data preparation software for advanced surveying, geospatial data collection and analysis, and an application-specific field and office software component. Its lineup includes products that automate large industrial machines such as tractors and bulldozers, surveying instruments, integrated systems that track fleets of vehicles and workers while providing real-time analytics to the back office, and software solutions that connect all aspects of a construction site or farm.
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At Trimble, the engineering and construction segment's software and technology capabilities include advanced civil engineering alignment, design and data preparation software for advanced surveying, geospatial data collection and analysis, and an application-specific field and office software component. But the second half of the year is a different story: "For the second half of the year, the market for agriculture equipment in unit sales is expected to see a pretty solid decline, and Trimble's comparisons will be significantly tougher." Trimble has evolved from offering simple GPS-based positioning devices to providing advanced software and data subscription products to improve equipment accuracy and efficiency in farming, construction and other industries.
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But the second half of the year is a different story: "For the second half of the year, the market for agriculture equipment in unit sales is expected to see a pretty solid decline, and Trimble's comparisons will be significantly tougher." Trimble has evolved from offering simple GPS-based positioning devices to providing advanced software and data subscription products to improve equipment accuracy and efficiency in farming, construction and other industries. Its lineup includes products that automate large industrial machines such as tractors and bulldozers, surveying instruments, integrated systems that track fleets of vehicles and workers while providing real-time analytics to the back office, and software solutions that connect all aspects of a construction site or farm.
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033f2e16-f7c7-4b5e-8755-f42df998a83f
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722925.0
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2014-04-12 00:00:00 UTC
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Insider Sells at 52-Week Highs
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DE
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https://www.nasdaq.com/articles/insider-sells-52-week-highs-2014-04-12
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nan
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nan
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Over the past week there have been some notable insider sells coming from companies trading at historically high prices. The following three companies have all reported insider sells over the past week that come as their company's price hits or comes within 5% of its 52-week high.
Deere & Co. ( DE )
Over the past week there were three insiders making sells of their stake in Deere & Co. These were all sizeable sells and come as the company's share price has exceeded its previous 52-week high. These sells are also the first reported insider transactions for the company since August 2013.
Over the past week Senior Vice President Jean Giles made two sells, selling a total of 22,650 shares of the company's stock. She sold these shares in the price range of $92.72 to $92.74 per share. Giles raked in a total of $2,100,370 on these two sells, and since her most recent sell on April 8, the price per share has dropped a slight -0.01%.
Warren Buffett Recent Buys
Also over the past week, President James Field made a sell of 13,380 shares. He sold these at approximately $92.56 per share for a total transaction amount of $1,238,453. Since his sell the price per share has increased a minor 0.18%. Field now maintains at least 64,550 shares of the company's stock.
Lastly, Chairman and CEO Samuel Allen made the largest sell, selling 32,371 shares of Deer & Co. stock. He sold these shares at an average price of $92.02 per share, and since then the price per share is up 0.77%. Allen now holds on to 280,151 shares of the company's stock.
Deere & Co. is a provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping and irrigation.
Deere's historical revenue and net income:
The analysis on Deere & Co. reports that the company's operating margin is expanding, its dividend yield is near a 3-year high and its P/B and P/S ratios are also trading at near 3-year highs. The analysis also notes that the company's revenue has slowed down over the past year, its price is near a 10-year high and over the past three years the company has issued $11 billion of debt.
The Peter Lynch Chart suggests that the company is currently overvalued :
Deere & Co. has a market cap of $34.02 billion. Its shares are currently trading at around $92.01 with a P/E ratio of 10.10, a P/S ratio of 0.90 and a P/B ratio of 3.40. The dividend yield at Deere & Co. is at 2.20%, and over the past ten years the company has seen an annual average earnings growth of 11.40%.
GuruFocus rated the company the business predictability rank of 5-star.
Willis Lease Finance Corporation ( WLFC )
Over the past week CEO Charles Willis made two notable sells of his stake in his company Willis Lease Finance Corporation. These sells come as the company's price has fallen slightly from its 52-week high.
On April 7, Willis sold 7,555 shares at an average price of $20.20 per share. This transaction raked in a notable $152,611 for the CEO. Since this sell the price per share has dropped a minor -0.05%.
On April 9, Willis sold a much larger 28,003 shares of Willis stock. He sold these shares at an average price of $19.84 per share for a total transaction amount of $555,580. Since this sell the price per share has risen approximately 1.76%. Willis now holds on to 2,736,071 shares of the company's stock.
Willis Lease Finance, with its subsidiaries, is a leasor of commercial aircraft engines. The company's core business is acquiring and leasing pursuant to operating leases, commercial aircraft engines and related aircraft equipment, and the selective sale of such engines.
Willis Lease Finance's historical revenue and net income:
The analysis on Willis Lease reports that the company has issued $70.45 million of debt over the past three years, its price is close to a 10-year high, and the company has had operating loss over the past three years as well.
The Peter Lynch Chart suggests that the company is currently undervalued :
Willis Lease Finance Corporation has a market cap of $169.8 million. Its shares are currently trading at around $20.13 with a P/E ratio of 10.60, a P/S ratio of 1.10 and a P/B ratio of 0.80.
Whiting Petroleum ( WLL )
Over the past week there were two insiders making buys into Whiting Petroleum. These buys come as the company's price exceeded its previous 52-week high and is inching closer to its 10-year high.
Treasurer Brent Jensen added 900 shares to his holdings at $73 per share. This transaction raked in $65,700 for the treasurer. Since his sell the price per share has dropped approximately -2.19%. Jensen now holds on to 26,878 shares of the company's stock.
Director Sherwin Artus added 1,000 shares to her holdings. Artus bought these shares for $72.65 per share for a total transaction amount of $72,650. Since her buy the price per share has dropped a slight -1.72%. Artus now holds on to 48,173 shares of the company's stock.
The Company is an independent oil and natural gas company engaged in exploitation, acquisition, exploration and production activities mainly in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.
Whiting Petroleum's historical revenue and net income:
The analysis on Whiting Petroleum reports that the company has shown predictable revenue and earnings growth, its price is near a 10-year high and the company has issued $1.8 billion of debt over the past three years.
The Peter Lynch Chart suggests that the company is currently overvalued :
Whiting Petroleum has a market cap of $8.43 billion. Its shares are currently trading at around $70.86 with a P/E ratio of 23.10, a P/S ratio of 3.00 and a P/B ratio of 2.20. Whiting Petroleum had an annual average earnings growth of 11.70% over the past ten years.
GuruFocus rated the company the business predictability rank of 4-star.
You can check out more insider buys by looking at the GuruFocus Insider Page. Or for more specific information, you can check out the GuruFocus All-in-One Screener under the Insider tab.
Try a free 7-day premium membership trial here.
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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Over the past week there have been some notable insider sells coming from companies trading at historically high prices. Warren Buffett Recent Buys Also over the past week, President James Field made a sell of 13,380 shares. The Peter Lynch Chart suggests that the company is currently undervalued : Willis Lease Finance Corporation has a market cap of $169.8 million.
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Willis Lease Finance Corporation ( WLFC ) Over the past week CEO Charles Willis made two notable sells of his stake in his company Willis Lease Finance Corporation. Willis Lease Finance's historical revenue and net income: The analysis on Willis Lease reports that the company has issued $70.45 million of debt over the past three years, its price is close to a 10-year high, and the company has had operating loss over the past three years as well. Whiting Petroleum's historical revenue and net income: The analysis on Whiting Petroleum reports that the company has shown predictable revenue and earnings growth, its price is near a 10-year high and the company has issued $1.8 billion of debt over the past three years.
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Willis Lease Finance's historical revenue and net income: The analysis on Willis Lease reports that the company has issued $70.45 million of debt over the past three years, its price is close to a 10-year high, and the company has had operating loss over the past three years as well. Whiting Petroleum's historical revenue and net income: The analysis on Whiting Petroleum reports that the company has shown predictable revenue and earnings growth, its price is near a 10-year high and the company has issued $1.8 billion of debt over the past three years. Over the past week there have been some notable insider sells coming from companies trading at historically high prices.
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The following three companies have all reported insider sells over the past week that come as their company's price hits or comes within 5% of its 52-week high. Deere's historical revenue and net income: The analysis on Deere & Co. reports that the company's operating margin is expanding, its dividend yield is near a 3-year high and its P/B and P/S ratios are also trading at near 3-year highs. Over the past week there have been some notable insider sells coming from companies trading at historically high prices.
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59a9d242-3927-44b5-9776-e5bffacbff3a
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722926.0
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2014-04-02 00:00:00 UTC
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Outlook for April 2014
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DE
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https://www.nasdaq.com/articles/outlook-april-2014-2014-04-02
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nan
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nan
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The name of the game is: Wait-and-Watch. The markets continue to stay resilient and the major indexes have been flat for first quarter 2014. Every little stumble is causing more sideline cash pouring in to "buy the dip". I've decided to sit these small dips out and concentrate on increasing my cash position. With the end of quarter one, its earnings season again; and that means we can expect some volatility over the month of April as the companies release their results. A lot has been written about how the weather has played havoc over the economy and it'll be interesting to see if it really did make a difference in the earnings.
On the Fed front, the Fed has decided to cut the bond buying program by another $10B and more importantly drop the Evans Rule - where rising interest rates are tied to a pre-requirement of a 6.5% threshold in unemployment - although the Fed has changed its tune a bit after that comment a few days ago. The current consensus for rate increase stands around early-to-mid 2015.
Warren Buffett Recent Buys
My Holdings
Provided the right conditions, I intend to add to my positions in Chevron Corp ( CVX ), Johnson & Johnson ( JNJ ), Medtronic ( MDT ), Qualcomm ( QCOM ) and/or Rogers Communications Inc. (RCI.B.TO)
Chevron ( CVX ) is the fourth largest oil and gas company in the world operating in both Upstream and Downstream. CVX is a component of Dow Jones Industrial Average and is a dividend champion raising its dividends for 26 consecutive years. The five-year DGR is 9% and 10-year DGR is 10.6%. The company is attractively valued at current levels and the recent clearing of the Ecuador suit is some long-awaited good news for the the company.
Johnson & Johnson ( JNJ ) is a behemoth in the healthcare and consumer goods sectors. The double play on the two sectors makes this a great pick. JNJ is a dividend champion that has been raising dividends consecutively for 51 years; has five-year DGR of 7.6% and a 10-year DGR of 10.8%. April is also expected to bring a dividend increase announcement from JNJ.
Medtronic Inc ( MDT ) manufactures and sells device-based medical therapies worldwide. Medtronic is a dividend champion that has been raising dividends for 36 years; has a 5-year DGR of 11.6% and 10-year DGR of 14.9%.
Qualcomm ( QCOM ) designs, develops, manufactures and markets digital communications products and services based on CDMA, OFDMA and other technologies. QCOM is the leader in ARM-based processors which are found in the bulk of Windows, BlackBerry and Android devices. QCOM has been raising dividends for 12 years and has a 5-year DGR of 16.95%. Click here to read my full analysis of QCOM.
Rogers Communications Inc (RCI.B.TO) is the largest wireless service provider in Canada and is growing its business segments in cable and media aggressively. Rogers has been growing dividends for 10 years and has a 5-year DGR of 11.13%. Click here to read about my analysis of the telecom providers in Canada.
Monthly Contributions: Every month, I add to my positions in the following stock and funds:
Claymore S&P US Dividend Growers ETF (CUD.TO) is an ETF of 83 dividend growers and provides me with exposure to excellent corporations across all sectors. The ETF has a 1.8% yield and pays distributions monthly.
iShares Canadian Financial Monthly Income Fund (FIE.A.TO) is an ETF of 24 Canadian financial equities. The fund yields 7% and pays distributions monthly.
Scotia Canadian Balanced Fund (mutual fund) is an index fund tracking the Canadian S&P/TSX Composite Index and the DEX Universe Bond Index. The fund yields 0.52% and pays distributions quarterly.
The Bank of Nova Scotia (BNS.TO) is the third largest of the Canadian banks by deposits and market cap. BNS is also the most international of the Canadian banks with exposure in 55 countries outside Canada. BNS saw a pause in its dividend growth during the financial crisis. However, BNS has started raising dividends after the crisis with a 5-yr DGR of 5.03%. I have a DRIP plan in BNS and invest monthly to this holding.
My Watchlist
I am also considering various stocks that are not currently in my portfolio. I have decided to clear out some old names from my older watchlist and added a bunch of new ones as I need better diversification. I am starting to look more closely at the following sectors: Industrials and Services.
Industrials:
I have dropped Deere & Co ( DE ) from my watchlist after the lack of dividend increase this year. Instead, I have added conglomerates (GE and UTX) to my watchlist.
General Electric Company (GE) is a conglomerate operating in eight segments - Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE cut its dividends during the financial crisis and now has a track record of raising dividends for 4 years in a row at an annualized rate of 16%.
United Technologies Corp (UTX) is a conglomerate operating in six segments - Otis, UTC fire & security, Pratt & Whitney, Hamilton Sundstrand and Sikorsky. UTX has been raising dividends for 20 years with 5-yr and 10-yr DGRs of 10.3% and 14.5% respectively.
Illinois Tool Works (ITW) is a manufacturer of diversified range of industrial products and equipment with operations in 58 countries. The company operates in seven segments: transportation, power systems & electronics, industrial packaging, food equipment, construction products, polymers & fluids and all other. ITW is a dividend champion who has been raising dividends for 39 years. ITW has a 5-yr DGR of 9.9% and a 10-yr DGR of 12.6%.
Parker-Hannifin Corp (PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components. The company's motion and control technologies and systems are used in the products of its three business segments: industrial, aerospace, and climate & industrial controls. PH is a dividend champion who has been raising dividends for 57 years. PH has a 5-yr DGR of 16.2% and 10-yr DGR of 12.9%.
Services:
Canadian National Railway (CNR.TO) engages in transportation of goods including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products. The company operates 20,100 route miles of track that spans Canada adn mid-America connecting the three coasts of Atlantic, Pacific and Gulf of Mexico. CNR is a dividend contender that has been raising its dividends for 17 consecutive years and has a 5-yr DGR of 13.9% and a 10-yr DGR of 17.4%.
Norfolk Southern (NSC) engages in rail transportation of raw materials, intermediate and finished goods operating approximately 20,000 router miles across the southern and eastern US. NSC and other railroads stand to benefit from the oil boom in continental US, and before permanent pipelines are put in place, railroads are the only option available to transport the huge supplies. NSC is a dividend contender raising its dividends for 12 consecutive years and has a 5-yr DGR of 10.8% and 10-yr DGR of 21.1%.
Other:
Aqua America (WTR) is a water utility company based in Pennsylvania but also provides services in seven other states. WTR is a dividend contender having raised dividends for 22 years consecutively. WTR has a 5-yr DGR of 7.4% and 10-yr DGR of 7.9%. Water utilities are a great fit as an essential resource and the company provides very agreeable dividend growth for the sector.
Procter & Gamble (PG) and Unilever plc (UL) are giants in the consumer packaged goods field. PG has five segments - beauty, grooming, healthcare, fabric care and home care. UL has four segments - personal care, foods, refreshment and home care. PG has been raising dividends for 57 years; has a 5-yr DGR of 10.2% and a 10-yr DGR of 10.8%. UL has been raising dividends for 25 years; has a 5-yr 7.07%.
Index Funds - China ETF, Emerging Markets - I am also considering adding a new index fund to my portfolio to track the Chinese market/economy. Everyone is dumping the emerging market equities these days, and I am looking for the right time to jump in. Read about my comparison of available China ETFs here. I am also considering using an emerging market ETF instead of China-specific ETF and need to weigh out the options available.
Global High Yield - In a global economy, it would be naive to ignore international equities as an investment target, esp when a plethora of foreign companies pay a attractive dividends. I am considering adding international equities exposure via ETFs which yield approximately 6.5%. Click here for my list and analysis.
What are your thoughts on the stocks mentioned here? Do you own them or are they on your watchlist?
Disclosure: My full list of holdings are available here.
Read More:
Sarah Ketterer of Causeway Capital's Answers to GuruFocus Q&A
How Many Stocks Can Pass GuruFocus Value Screeners? - April 2, 2014
Morning Coffee: Guru Stocks Near 52-Week Lows
This Food Distributor Should Sell for $61 Per Share
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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The markets continue to stay resilient and the major indexes have been flat for first quarter 2014. Every little stumble is causing more sideline cash pouring in to "buy the dip". I've decided to sit these small dips out and concentrate on increasing my cash position.
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Warren Buffett Recent Buys My Holdings Provided the right conditions, I intend to add to my positions in Chevron Corp ( CVX ), Johnson & Johnson ( JNJ ), Medtronic ( MDT ), Qualcomm ( QCOM ) and/or Rogers Communications Inc. (RCI.B.TO) Chevron ( CVX ) is the fourth largest oil and gas company in the world operating in both Upstream and Downstream. The markets continue to stay resilient and the major indexes have been flat for first quarter 2014. Every little stumble is causing more sideline cash pouring in to "buy the dip".
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JNJ is a dividend champion that has been raising dividends consecutively for 51 years; has five-year DGR of 7.6% and a 10-year DGR of 10.8%. Medtronic is a dividend champion that has been raising dividends for 36 years; has a 5-year DGR of 11.6% and 10-year DGR of 14.9%. Monthly Contributions: Every month, I add to my positions in the following stock and funds: Claymore S&P US Dividend Growers ETF (CUD.TO) is an ETF of 83 dividend growers and provides me with exposure to excellent corporations across all sectors.
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QCOM has been raising dividends for 12 years and has a 5-year DGR of 16.95%. Index Funds - China ETF, Emerging Markets - I am also considering adding a new index fund to my portfolio to track the Chinese market/economy. I am considering adding international equities exposure via ETFs which yield approximately 6.5%.
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6a2095ca-b473-4d6e-a181-8597aee93dcb
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722927.0
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2014-03-28 00:00:00 UTC
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Pre-Market Earnings Report for March 31, 2014 : IOC, UTIW, CAAS, SORL, XWES, CDTI, DPSI
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-march-31-2014-ioc-utiw-caas-sorl-xwes-cdti-dpsi-2014-03-28
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nan
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nan
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The following companies are expected to report earnings prior to market open on 03/31/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
InterOil Corporation ( IOC ) is reporting for the quarter ending December 31, 2013. The oil company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a 117.39% decrease compared to the same quarter last year. The last two quarters IOC had negative earnings surprises; the latest report they missed by -85.71%. The "days to cover" for this stock exceeds 18 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for IOC is -177.00 vs. an industry ratio of -4.30.
UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending January 31, 2014. The transportation services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-0.04. This value represents a 69.23% increase compared to the same quarter last year. The days to cover, as reported in the 3/14/2014 short interest update, increased 158.66% from previous report on 2/28/2014. Zacks Investment Research reports that the 2014 Price to Earnings ratio for UTIW is 79.43 vs. an industry ratio of 50.60, implying that they will have a higher earnings growth than their competitors in the same industry.
China Automotive Systems, Inc. ( CAAS ) is reporting for the quarter ending December 31, 2013. The auto (truck) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.22. This value represents a 22.22% increase compared to the same quarter last year. In the past year CAAS and beat the expectations the other quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CAAS is 8.78 vs. an industry ratio of 131.30.
SORL Auto Parts, Inc. ( SORL ) is reporting for the quarter ending December 31, 2013. The auto (truck) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.19. This value represents a 9.52% decrease compared to the same quarter last year. SORL missed the consensus earnings per share in the 3rd calendar quarter of 2013 by -10.53%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SORL is 6.83 vs. an industry ratio of 131.30.
World Energy Solutions Inc ( DE ) ( XWES ) is reporting for the quarter ending December 31, 2013. The internet company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.04. This value represents a 0.00% decrease compared to the same quarter last year. XWES missed the consensus earnings per share in the 2nd calendar quarter of 2013 by -27.27%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for XWES is -15.35 vs. an industry ratio of 150.80.
Clean Diesel Technologies, Inc. ( CDTI ) is reporting for the quarter ending December 31, 2013. The chemical company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a 87.10% increase compared to the same quarter last year. CDTI missed the consensus earnings per share in the 4th calendar quarter of 2012 by -342.86%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CDTI is -6.82 vs. an industry ratio of 15.70.
DecisionPoint Systems, Inc. ( DPSI ) is reporting for the quarter ending December 31, 2013. The computer software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.05. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DPSI is -0.92 vs. an industry ratio of -1.10, 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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InterOil Corporation ( IOC ) is reporting for the quarter ending December 31, 2013. This value represents a 117.39% decrease compared to the same quarter last year. UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending January 31, 2014.
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InterOil Corporation ( IOC ) is reporting for the quarter ending December 31, 2013. This value represents a 117.39% decrease compared to the same quarter last year. UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending January 31, 2014.
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InterOil Corporation ( IOC ) is reporting for the quarter ending December 31, 2013. This value represents a 117.39% decrease compared to the same quarter last year. UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending January 31, 2014.
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InterOil Corporation ( IOC ) is reporting for the quarter ending December 31, 2013. This value represents a 117.39% decrease compared to the same quarter last year. UTi Worldwide Inc. ( UTIW ) is reporting for the quarter ending January 31, 2014.
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3bb2a32c-e12d-4a2d-86fe-fa15f35f26f2
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722928.0
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2014-03-26 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for March 27, 2014
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-march-27-2014-2014-03-26
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nan
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on March 27, 2014. A cash dividend payment of $0.51 per share is scheduled to be paid on May 01, 2014. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that DE has paid the same dividend.
The previous trading day's last sale of DE was $89.1, representing a -5.09% decrease from the 52 week high of $93.88 and a 12.08% increase over the 52 week low of $79.50.
DE is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). DE's current earnings per share, an indicator of a company's profitability, is $9.24. Zacks Investment Research reports DE's forecasted earnings growth in 2014 as -7.84%, compared to an industry average of 12.3%.
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 )
Market Vectors Agribusiness ETF ( MOO )
Market Vectors Hard Assets Producers ETF ( HAP )
PowerShares DWA Industrials Momentum Portfolio ( PRN )
Guggenheim Defensive Equity ETF ( DEF ).
The top-performing ETF of this group is PRN with an increase of 5.29% over the last 100 days. VEGI has the highest percent weighting of DE at 8.28%.
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 stock 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 Danaher Corporation ( DHR ) and Thermo Fisher Scientific Inc ( TMO ). Zacks Investment Research reports DE's forecasted earnings growth in 2014 as -7.84%, compared to an industry average of 12.3%.
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The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares DWA Industrials Momentum Portfolio ( PRN ) Guggenheim Defensive Equity ETF ( DEF ). 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 March 27, 2014.
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Shareholders who purchased DE stock 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 ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares DWA Industrials Momentum Portfolio ( PRN ) Guggenheim Defensive Equity ETF ( DEF ).
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A cash dividend payment of $0.51 per share is scheduled to be paid on May 01, 2014. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. DE's current earnings per share, an indicator of a company's profitability, is $9.24.
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769cdc22-df6c-4f0a-946e-c7f73c5a37bd
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722929.0
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2014-03-13 00:00:00 UTC
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MOO, SYT, DE, POT: ETF Outflow Alert
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DE
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https://www.nasdaq.com/articles/moo-syt-de-pot-etf-outflow-alert-2014-03-13
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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 $64.3 million dollar outflow -- that's a 1.7% decrease week over week (from 71,150,000 to 69,950,000). Among the largest underlying components of MOO, in trading today Syngenta AG (Symbol: SYT) is off about 0.3%, Deere & Co. (Symbol: DE) is off about 0.4%, and Potash Corp. of Saskatchewan Inc. (Symbol: POT) is lower by about 0.2%. 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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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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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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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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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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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 $64.3 million dollar outflow -- that's a 1.7% decrease week over week (from 71,150,000 to 69,950,000).
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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 $64.3 million dollar outflow -- that's a 1.7% decrease week over week (from 71,150,000 to 69,950,000). 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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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 $64.3 million dollar outflow -- that's a 1.7% decrease week over week (from 71,150,000 to 69,950,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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d484f015-153e-4eb1-9e47-ea56262620bc
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722930.0
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2014-03-05 00:00:00 UTC
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Agribusiness ETF Experiences Big Outflow
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DE
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https://www.nasdaq.com/articles/agribusiness-etf-experiences-big-outflow-2014-03-05
|
nan
|
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 $50.6 million dollar outflow -- that's a 1.3% decrease week over week (from 72,100,000 to 71,150,000). Among the largest underlying components of MOO, in trading today Syngenta AG (Symbol: SYT) is up about 1.9%, Deere & Co. (Symbol: DE) is off about 0.2%, and Potash Corp. of Saskatchewan Inc. (Symbol: POT) is up by about 1.1%. 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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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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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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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.
|
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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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 $50.6 million dollar outflow -- that's a 1.3% decrease week over week (from 72,100,000 to 71,150,000).
|
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 $50.6 million dollar outflow -- that's a 1.3% decrease week over week (from 72,100,000 to 71,150,000). 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 $48.75 per share, with $55.29 as the 52 week high point - that compares with a last trade of $53.30. 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 $50.6 million dollar outflow -- that's a 1.3% decrease week over week (from 72,100,000 to 71,150,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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ccbae724-8873-49fc-84fc-42642e75cb38
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722931.0
|
2014-02-27 00:00:00 UTC
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Sector Update: Consumer
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DE
|
https://www.nasdaq.com/articles/sector-update-consumer-2014-02-27-0
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nan
|
nan
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Consumer shares were lower in pre-market trade Thursday.
In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model.
Adjusted earnings for the quarter ending Feb. 1 dropped to $1.24 from $1.47 a year ago, beating the consensus forecast of $1.01, according to Capital IQ.
Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.
And, industrial machinery manufacturer Deere & Company ( DE ) reported late on Wednesday a definitive agreement to sell its John Deere Water irrigation operations to Israel-based private equity firm FIMI Opportunity Funds. Financial terms were not disclosed.
The company said the transaction is a part of its plan to seek strategic options for its irrigation operations.
Finally, Kohl's ( KSS ) reported fiscal Q4 earnings that were just ahead and sales that were in line with analysts' expectations and said that comparable sales fell 2% from a year earlier.
The operator of department stores said earnings in the quarter ended Feb. 1. fell 6% to $1.56 per diluted share, topping the $1.55 average estimate from analysts polled by Capital IQ. Sales fell 3.8% to $6.1 billion, in line with the consensus. Meanwhile comparable sales fell 2% in the quarter and total net income was lower 12% at $334 million from a year ago.
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.
|
In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. The operator of department stores said earnings in the quarter ended Feb. 1. fell 6% to $1.56 per diluted share, topping the $1.55 average estimate from analysts polled by Capital IQ. Consumer shares were lower in pre-market trade Thursday.
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Consumer shares were lower in pre-market trade Thursday. In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.
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In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. And, industrial machinery manufacturer Deere & Company ( DE ) reported late on Wednesday a definitive agreement to sell its John Deere Water irrigation operations to Israel-based private equity firm FIMI Opportunity Funds. Consumer shares were lower in pre-market trade Thursday.
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Consumer shares were lower in pre-market trade Thursday. In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.
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a2dce8f0-befb-491d-afc2-51c7db07a267
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722932.0
|
2014-02-27 00:00:00 UTC
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Bullish Two Hundred Day Moving Average Cross - DE
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DE
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https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-de-2014-02-27
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nan
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nan
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $84.93, changing hands as high as $85.29 per share. Deere & Co. shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of DE shares, versus its 200 day moving average:
Looking at the chart above, DE's low point in its 52 week range is $79.50 per share, with $93.88 as the 52 week high point - that compares with a last trade of $84.98.
According to the ETF Finder at ETF Channel, DE makes up 8.08% of the iShares MSCI Global Agriculture Producers ETF (Symbol: VEGI) which is trading up by about 0.5% on the day Thursday.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $84.93, changing hands as high as $85.29 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $79.50 per share, with $93.88 as the 52 week high point - that compares with a last trade of $84.98. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $84.93, changing hands as high as $85.29 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $79.50 per share, with $93.88 as the 52 week high point - that compares with a last trade of $84.98. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $84.93, changing hands as high as $85.29 per share. The chart below shows the one year performance of DE shares, versus its 200 day moving average: Looking at the chart above, DE's low point in its 52 week range is $79.50 per share, with $93.88 as the 52 week high point - that compares with a last trade of $84.98. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of Deere & Co. (Symbol: DE) crossed above their 200 day moving average of $84.93, changing hands as high as $85.29 per share. According to the ETF Finder at ETF Channel, DE makes up 8.08% of the iShares MSCI Global Agriculture Producers ETF (Symbol: VEGI) which is trading up by about 0.5% on the day Thursday. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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aa68b664-57ad-40b1-989a-9232cc4ee05e
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722933.0
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2014-02-27 00:00:00 UTC
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Sector Update: Consumer Shares Lower Pre-Market; Kohl's Earnings Nudge Past Street View
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DE
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https://www.nasdaq.com/articles/sector-update-consumer-shares-lower-pre-market-kohls-earnings-nudge-past-street-view-2014
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nan
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nan
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Top Consumer Shares:
WMT: flat
MCD: -0.84%
DIS: -0.04%
CVS: flat
KO: -0.50%
GE: -0.28%
Consumer shares were lower in pre-market trade Thursday.
In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model.
Adjusted earnings for the quarter ending Feb. 1 dropped to $1.24 from $1.47 a year ago, beating the consensus forecast of $1.01, according to Capital IQ.
Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.
And, industrial machinery manufacturer Deere & Company ( DE ) reported late on Wednesday a definitive agreement to sell its John Deere Water irrigation operations to Israel-based private equity firm FIMI Opportunity Funds. Financial terms were not disclosed.
The company said the transaction is a part of its plan to seek strategic options for its irrigation operations.
Finally, Kohl's ( KSS ) reported fiscal Q4 earnings that were just ahead and sales that were in line with analysts' expectations and said that comparable sales fell 2% from a year earlier.
The operator of department stores said earnings in the quarter ended Feb. 1. fell 6% to $1.56 per diluted share, topping the $1.55 average estimate from analysts polled by Capital IQ. Sales fell 3.8% to $6.1 billion, in line with the consensus. Meanwhile comparable sales fell 2% in the quarter and total net income was lower 12% at $334 million from a year ago.
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.
|
In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. The operator of department stores said earnings in the quarter ended Feb. 1. fell 6% to $1.56 per diluted share, topping the $1.55 average estimate from analysts polled by Capital IQ. Consumer shares were lower in pre-market trade Thursday.
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Consumer shares were lower in pre-market trade Thursday. In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.
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In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. The operator of department stores said earnings in the quarter ended Feb. 1. fell 6% to $1.56 per diluted share, topping the $1.55 average estimate from analysts polled by Capital IQ. Consumer shares were lower in pre-market trade Thursday.
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Consumer shares were lower in pre-market trade Thursday. In consumer sector news, Best Buy ( BBY ) was up 8% in pre-market trade Thursday after the retailer reported mixed Q4 results, beating on adjusted EPS, but missing on revenue and warning about the negative impact of recent changes to its business model. Revenue declined to $14.47 billion from $14.92 billion a year ago, below forecasts for $14.7 billion.
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5587a548-f22d-45a6-ae4a-a71596dbbaef
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722934.0
|
2014-02-26 00:00:00 UTC
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Daily Dividend Report: DE, DIN, CBU, KMB, WM
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DE
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https://www.nasdaq.com/articles/daily-dividend-report-de-din-cbu-kmb-wm-2014-02-26
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nan
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nan
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This morning, Deere ( DE ) declared its quarterly dividend of 51 cents per share, maintaining the amount paid to shareholders the prior quarter. Based on the current stock price investors can expect a yield of 2.4% going forward. Shares of Deere were higher on Wednesday, gaining 0.4% so far.
In other dividend news, DineEquity ( DIN ) maintained its quarterly dividend of 75 cents per share. And Community Bank Systems ( CBU ) maintained its quarterly dividend of 28 cents per share.
Among dividend increases, Kimberly Clark ( KMB ) announced its quarterly dividend of 84 cents per share, an increase of about 4% over its prior dividend. And Waste Management ( WM ) announced its quarterly dividend of 37.5 cents per share, an increase of about 3%.
VIDEO: Daily Dividend Report: DE, DIN, CBU, KMB, WM
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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And Community Bank Systems ( CBU ) maintained its quarterly dividend of 28 cents per share. And Waste Management ( WM ) announced its quarterly dividend of 37.5 cents per share, an increase of about 3%. This morning, Deere ( DE ) declared its quarterly dividend of 51 cents per share, maintaining the amount paid to shareholders the prior quarter.
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This morning, Deere ( DE ) declared its quarterly dividend of 51 cents per share, maintaining the amount paid to shareholders the prior quarter. Among dividend increases, Kimberly Clark ( KMB ) announced its quarterly dividend of 84 cents per share, an increase of about 4% over its prior dividend. VIDEO: Daily Dividend Report: DE, DIN, CBU, KMB, WM The views and 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 morning, Deere ( DE ) declared its quarterly dividend of 51 cents per share, maintaining the amount paid to shareholders the prior quarter. Among dividend increases, Kimberly Clark ( KMB ) announced its quarterly dividend of 84 cents per share, an increase of about 4% over its prior dividend. VIDEO: Daily Dividend Report: DE, DIN, CBU, KMB, WM The views and 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 morning, Deere ( DE ) declared its quarterly dividend of 51 cents per share, maintaining the amount paid to shareholders the prior quarter. Among dividend increases, Kimberly Clark ( KMB ) announced its quarterly dividend of 84 cents per share, an increase of about 4% over its prior dividend. Shares of Deere were higher on Wednesday, gaining 0.4% so far.
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9d1e0696-2526-4312-b827-0f40f0b23a9f
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722935.0
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2014-02-20 00:00:00 UTC
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Earnings Guidance Remains Weak - Earnings Outlook
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DE
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https://www.nasdaq.com/articles/earnings-guidance-remains-weak-earnings-outlook-2014-02-20
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nan
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nan
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The following is an excerpt from this week's Earnings Trends article. To see the full report, please click here .
Earnings Guidance Remains Weak
Our overall verdict on the Q4 earnings season is that it is no better or worse than what we have been seeing in the last few quarters. In some respects, the Q4 earnings season is an improvement over the recent past. Specifically, total earnings for the S&P 500 are on track to reach a new all-time quarterly record and even earnings growth for the quarter is in on track to be the highest of the year (even after accounting for easy comparisons). Positive surprises started off on the weak side, but even those are running at the best pace of the year.
Revenue growth has been a challenge for companies for quite some time and we don't see any improvement on that front in Q4 either. If anything, the aggregate revenue growth rate at this stage is even weaker than what we have been seeing in recent quarters, though the bulk of the revenue weakness is due the Finance and Energy sectors.
The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Wal-Mart ( WMT ), Whole Foods ( WFM ), Deere & Company ( DE ), and Boeing ( BA ), just to name a few, shows. Part of the guidance weakness is likely a function of management's need for expectations management. The need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving. The chart below shows how estimates for the current quarter have fallen in response to weak company guidance.
With the Retail sector heavily represented in the still-to-come reports, it is reasonable to expect that estimates still have room to go down.
Companies have been guiding lower quarter after quarter, prompting earnings estimates to keep coming down for almost two years. The market didn't care much about this, with an ever helpful Fed not letting earnings-related worries coming in the way of the market's upward thrust. But the Fed has started getting out of the QE business just as these other issues have taken center stage.
The popular narrative connects the Fed Taper with what is happening in the emerging markets. The Fed doesn't appear in any mood, for obvious reasons, to adjust its Taper plans to accommodate the emerging economies. In fact, it is reasonable to assume that they don't mind the safe-haven trade keeping bond yields in check.
The 2013 Q4 Scorecard
With respect to the Scorecard for 2013 Q4, we have seen results from 430 S&P 500 members accounting for 91.3% of the index's total market capitalization. Total earnings for these companies are up +10.4% from the same period last year, with 68.6% beating earnings expectations with a median surprise of +2.4%. Total revenues for these companies are barely in the positive, up only +0.8%, with 59.8% beating revenue expectations with a median surprise of 0.7%.
The +10.4% 'headline' total earnings growth rate definitely looks fairly robust, particularly when compared to the growth rate for this same group of 430 companies in the last few quarters. Easy comparisons for three companies - Bank of America ( BAC ), Verizon ( VZ ), and Travelers ( TRV ) - account for a big part of the strong Q4 earnings growth. Exclude these three and total earnings growth for the S&P 500 companies that have reported drops by almost half. Performance on the revenue front is notably sub-par relative to recent quarters, dragged down by weakness in the Finance and Energy sectors.
The composite picture for Q4 - combining the results for the 430 companies that have reported already with the 70 still to come - is for earnings growth of +9.1%. This will be the highest quarterly growth pace of 2013, with easy comparisons playing a non-trivial role propping up the growth rate. But it's not all easy comparisons, as total earnings for the index are on track to reach a new all-time quarterly record.
Trends on the estimate revision front have been negative for a while, but we could afford to overlook such details in the Fed-inspired rally. It will be interesting to see if investors will continue to shrug estimate cuts in the post-QE world.
Key Points
Total earnings for the 430 S&P 500 companies that have reported results are up +10.4%, with 68.6% beating earnings expectations. Revenues for these companies are up +0.8%, with a revenue 'beat ratio' of 59.8%.
Easy comparisons for Bank of America, Verizon and Travelers account for most of the growth thus far. Excluding these three companies, the earnings growth rate drops to +6.4%, which is comparable to what this same group of companies have achieved in recent quarters.
Revenue growth at this stage is lower than what we have seen from this same group of companies in Q3 and other recent quarters, dragged down by weak top-line growth numbers from the Energy and Finance sectors. Excluding these two sectors, the revenue growth picture is still weak, but not so starkly.
Total earnings in Q4 are on track to reach a new all-time quarterly record, surpassing the record reached just the preceding quarter.
Easy comparisons, particularly for the Finance sector, account for a big part of the Q4 growth. Total earnings for the Finance sector are expected to be up +23.2%. Excluding Finance, total earnings growth for the S&P 500 drops to +6.3%.
Guidance has overwhelmingly been negative in recent quarters and the trend has largely remained in place in the Q4 reporting season as well. As a result, estimates for 2014 Q1 and beyond have been coming down as the earnings season has unfolded.
The bottom-up 'EPS' estimate for the S&P 500 for 2014 currently stands at $117.16, while the top-down estimate for the same is currently at $117.25. For 2015, the bottom-up estimate remains $130.24.
To see the full Earnings Trends PDF, please click here .
BOEING CO (BA): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
WHOLE FOODS MKT (WFM): Free Stock Analysis Report
WAL-MART STORES (WMT): 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 need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Wal-Mart ( WMT ), Whole Foods ( WFM ), Deere & Company ( DE ), and Boeing ( BA ), just to name a few, shows.
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The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Wal-Mart ( WMT ), Whole Foods ( WFM ), Deere & Company ( DE ), and Boeing ( BA ), just to name a few, shows. BOEING CO (BA): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Positive surprises started off on the weak side, but even those are running at the best pace of the year.
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BOEING CO (BA): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Wal-Mart ( WMT ), Whole Foods ( WFM ), Deere & Company ( DE ), and Boeing ( BA ), just to name a few, shows.
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Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Wal-Mart ( WMT ), Whole Foods ( WFM ), Deere & Company ( DE ), and Boeing ( BA ), just to name a few, shows. The need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving.
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d42bdb64-c70c-4892-a92f-f7a8aa075969
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722936.0
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2014-02-17 00:00:00 UTC
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Earnings highlight potential weaknesses for agriculture
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DE
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https://www.nasdaq.com/articles/earnings-highlight-potential-weaknesses-agriculture-2014-02-17
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nan
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nan
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and 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 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.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2fd3ba7c-ac66-4a8a-91ba-7c1e62dfd8e2
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722937.0
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2014-02-13 00:00:00 UTC
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Buhler Industries: Significant Margin Of Safety
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DE
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https://www.nasdaq.com/articles/buhler-industries-significant-margin-safety-2014-02-13
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nan
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nan
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By Nuwan Rajapakse :
*Please note: All values are referenced in $CAD.
The Pitch
Buhler Industries ( BIIAF ) is a Canadian-based agricultural equipment manufacturer with strong revenue growth and stable operating performance. With a number of product launches in 2013, Buhler Industries ("Buhler") is strongly positioned in a highly competitive environment. From a valuation perspective, Buhler's Net Asset Value ($11.86) and no-growth Earnings Power Value ($11.13) suggest a significant margin of safety from the current market price ($6.75).
Business Overview
Buhler Industries is a Canadian agricultural equipment manufacturer of tractors, front-end loaders, augers and implementers. The company's products are sold under the Farm King, Allied, Inland and Versatile brands. BIIAF has a global manufacturing and distribution network, with factories across North America, and distribution centers in North America, Eastern Europe and Russia. Buhler's strong presence in Eastern Europe and Russia (i.e., over 200 distribution centers) is a result of Combine Factory Rostselmash ('Rostselmash") acquiring an 80% stake in Buhler (2007).
BUI data by YCharts
Value Screen
BIIAF has a small market capitalization of $175MM ($158MM USD) and trades at a potentially depressed valuation based on fundamental indicators - Price/Earnings (8.8x), Price to Book (.97x) and EV/EBITDA (4.4x). Further, BIIAF has no analyst coverage and competes in a cyclical, unglamorous industry. While the aforementioned metrics shield BIIAF from the scrutiny of institutional and large retail investors, the company boasts a solid 5-year average return on capital of 14.5% and has grown revenue ~45% in 4 years from $209MM ($188MM USD) in 2010 to $343MM ($309MM USD) in 2013.
BUI Revenue [TTM] data by YCharts
Industry Dynamics
Demand for farm equipment is inherently tied to global consumption of various agricultural crops. With continued global population growth, scarcity of suitable farmland and stagnant/declining stock-to-use ratios of various crops (i.e. wheat, corn), the demand for innovative and efficient farm equipment is ever growing. The Global Farm Equipment market is expected to grow at 3% CAGR from 2013-2017 .
BIIAF competes in regional markets with mixed demand profiles. The North American market demonstrated relatively healthy growth in 2013 (~5%) while the Eastern European market was flat . BIIAF's management has echoed industry sentiment with near-term revenue growth expected primarily from its North American Operations.
Competitive Landscape
BIIAF competes with a number of companies by region, as well as product. Competitors include global players, such as Deere & Company ( DE ) and AGCO ( AGCO ), as well as small-cap, niche players such as Art's-Way Manufacturing ( ARTW ). Companies compete on pricing, as well as product innovation and efficiency. Strong revenue growth, expanding operating margins and return on capital metrics are a testament to BIIAF's ability to meet the customer demands in a competitive landscape.
Further, BIIAF's commitment to research and product development has led to a number of product launches in 2013 that will fuel growth in the coming years:
2013 Buhler Product Launches
Source:Buhler Industries' 2013 Annual Report
Valuation
BIIAF was valued using Net Asset Value, NAV, and No-Growth Earnings Power, EPV, methodologies. BIIAF's NAV was calculated to be $11.86 (see below) - a 60% premium from tangible book value.
Source: N. Rajapakse, Book Value and Adjustments based on values provided in Buhler Industries' 2013 Annual Report
From a normalized EPV methodology (using discounted no-growth free cash flow), BIIAF is valued at $11.13 per share.
*Effective Tax Rate for 2013 (25%) and 2012 (17%)
Both valuation methods suggest an Intrinsic Value, IV, of $11-12 per share. Taking a conservative 1/3 margin of safety on the IV would yield $7.70 - well above the current stock price of $6.75.
Risks and Conclusion
BIIAF competes in regional markets that are quite cyclical. Downturns in all, or some of these markets, may have a material impact on BIIAF's results. BIIAF mitigates this risk by continuously realigning its product lines to meet market needs (see 'Competitive Landscape'), and leveraging its global distribution partnerships (i.e., Rostselmash). Further, BIIAF's healthy balance sheet (low Debt/Equity ratio - 0.05 and high coverage ratios) protects the company from financial risk during downturns, while providing flexibility for expansion during times of increased demand.
Finally, potential appreciation in the stock price may be limited by Rostselmash acquiring BIIAF's remaining equity (20%).
Overall, BIIAF's consistent operating performance and strong product line provide a platform for improving performance in a growing industry. From a valuation perspective, BIIAF's current stock price provides a strong margin of safety for the fundamental-driven investor.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I am long BUI.TO (listed on the Toronto Stock Exchange). I may increase my position in BUI over the next 72 hours. This article is for informational purposes only and does not constitute an offer to buy or sell any securities discussed in the article. The stock mentioned in this article does not represent financial advice. Investors are recommended to conduct further due diligence before committing capital to any investment.
See also Aspen Insurance Is Still A Good Investment, Pullback Provides Buying Opportunity 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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BUI data by YCharts Value Screen BIIAF has a small market capitalization of $175MM ($158MM USD) and trades at a potentially depressed valuation based on fundamental indicators - Price/Earnings (8.8x), Price to Book (.97x) and EV/EBITDA (4.4x). With continued global population growth, scarcity of suitable farmland and stagnant/declining stock-to-use ratios of various crops (i.e. wheat, corn), the demand for innovative and efficient farm equipment is ever growing. Strong revenue growth, expanding operating margins and return on capital metrics are a testament to BIIAF's ability to meet the customer demands in a competitive landscape.
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Further, BIIAF's commitment to research and product development has led to a number of product launches in 2013 that will fuel growth in the coming years: 2013 Buhler Product Launches Source:Buhler Industries' 2013 Annual Report Valuation BIIAF was valued using Net Asset Value, NAV, and No-Growth Earnings Power, EPV, methodologies. Source: N. Rajapakse, Book Value and Adjustments based on values provided in Buhler Industries' 2013 Annual Report From a normalized EPV methodology (using discounted no-growth free cash flow), BIIAF is valued at $11.13 per share. Business Overview Buhler Industries is a Canadian agricultural equipment manufacturer of tractors, front-end loaders, augers and implementers.
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Further, BIIAF's commitment to research and product development has led to a number of product launches in 2013 that will fuel growth in the coming years: 2013 Buhler Product Launches Source:Buhler Industries' 2013 Annual Report Valuation BIIAF was valued using Net Asset Value, NAV, and No-Growth Earnings Power, EPV, methodologies. Source: N. Rajapakse, Book Value and Adjustments based on values provided in Buhler Industries' 2013 Annual Report From a normalized EPV methodology (using discounted no-growth free cash flow), BIIAF is valued at $11.13 per share. Business Overview Buhler Industries is a Canadian agricultural equipment manufacturer of tractors, front-end loaders, augers and implementers.
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Business Overview Buhler Industries is a Canadian agricultural equipment manufacturer of tractors, front-end loaders, augers and implementers. The company's products are sold under the Farm King, Allied, Inland and Versatile brands. BUI data by YCharts Value Screen BIIAF has a small market capitalization of $175MM ($158MM USD) and trades at a potentially depressed valuation based on fundamental indicators - Price/Earnings (8.8x), Price to Book (.97x) and EV/EBITDA (4.4x).
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246e4319-b054-4e08-9602-8a0f10658a56
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722938.0
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2014-02-13 00:00:00 UTC
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Earnings Aren't Bad, But Guidance is - Video Blog
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DE
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https://www.nasdaq.com/articles/earnings-arent-bad-guidance-video-blog-2014-02-13
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nan
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nan
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Relative to the first three quarters of 2013, earnings in the fourth quarter are showing improvement in terms of growth as well as beat ratios. Part of the stronger looking Q4 earnings growth is due to easy comparisons for a handful of companies, notably Verizon (VZ) , Bank of America (BAC) and Travelers (TRV) .
But even after excluding these companies from the aggregate numbers, Q4 earnings growth would still be the highest quarterly growth pace of the year.
More than offsetting these positives is the persistent negative guidance from management teams. As we saw from Whole Foods (WFM) on Wednesday, Deere (DE) a few days back and Boeing (BA) earlier in the reporting cycle, companies are still overwhelmingly guiding lower, prompting estimates for the current period to come down.
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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As we saw from Whole Foods (WFM) on Wednesday, Deere (DE) a few days back and Boeing (BA) earlier in the reporting cycle, companies are still overwhelmingly guiding lower, prompting estimates for the current period to come down. Part of the stronger looking Q4 earnings growth is due to easy comparisons for a handful of companies, notably Verizon (VZ) , Bank of America (BAC) and Travelers (TRV) . More than offsetting these positives is the persistent negative guidance from management teams.
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As we saw from Whole Foods (WFM) on Wednesday, Deere (DE) a few days back and Boeing (BA) earlier in the reporting cycle, companies are still overwhelmingly guiding lower, prompting estimates for the current period to come down. Part of the stronger looking Q4 earnings growth is due to easy comparisons for a handful of companies, notably Verizon (VZ) , Bank of America (BAC) and Travelers (TRV) . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As we saw from Whole Foods (WFM) on Wednesday, Deere (DE) a few days back and Boeing (BA) earlier in the reporting cycle, companies are still overwhelmingly guiding lower, prompting estimates for the current period to come down. Part of the stronger looking Q4 earnings growth is due to easy comparisons for a handful of companies, notably Verizon (VZ) , Bank of America (BAC) and Travelers (TRV) . But even after excluding these companies from the aggregate numbers, Q4 earnings growth would still be the highest quarterly growth pace of the year.
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As we saw from Whole Foods (WFM) on Wednesday, Deere (DE) a few days back and Boeing (BA) earlier in the reporting cycle, companies are still overwhelmingly guiding lower, prompting estimates for the current period to come down. Relative to the first three quarters of 2013, earnings in the fourth quarter are showing improvement in terms of growth as well as beat ratios. Part of the stronger looking Q4 earnings growth is due to easy comparisons for a handful of companies, notably Verizon (VZ) , Bank of America (BAC) and Travelers (TRV) .
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15abf501-21e6-427f-b730-0058e075c499
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722939.0
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2014-02-13 00:00:00 UTC
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Do Falling Earnings Estimates Mean Anything? - Earnings Trends
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DE
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https://www.nasdaq.com/articles/do-falling-earnings-estimates-mean-anything-earnings-trends-2014-02-13
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nan
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nan
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The following excerpt is from this week's Earnings Trends article. To see the full report, please click here .
Do Falling Earnings Estimates Mean Anything?
The earnings season is winding down, with results from more than three-quarters of the S&P 500 members already out. What this means is that the broad trends seen thus far are unlikely to change in any meaningful way through the rest of this earnings season.
Our overall verdict on the Q4 earnings season is that it is no better or worse than what we have been seeing in the last few quarters. In some respects, the Q4 earnings season is an improvement over the recent past. Specifically, total earnings for the S&P 500 are on track to reach a new all-time quarterly record and even earnings growth for the quarter is in on track to be the highest of the year (even after accounting for easy comparisons). Positive surprises started off on the weak side, but even those are running at the best pace of the year.
Revenue growth has been a challenge for companies for quite some time and we don't see any improvement on that front in Q4 either. If anything, the aggregate revenue growth rate at this stage is even weaker than what we have been seeing in recent quarters, though the bulk of the revenue weakness is due the Finance and Energy sectors.
The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight. Part of the guidance weakness is likely a function of management's need for expectations management. The need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving.
The chart below shows how estimates for the current quarter have fallen in response to weak company guidance.
With the Retail sector heavily represented in the still-to-come reports, it is reasonable to expect that estimates still have room to go down.
Companies have been guiding lower quarter after quarter, prompting earnings estimates to keep coming down for almost two years. The market didn't care much about this, with an ever helpful Fed not letting earnings-related worries coming in the way of the market's upward thrust. But the Fed has started getting out of the QE business just as these other issues have taken center stage.
The popular narrative connects the Fed Taper with what is happening in the emerging markets. The Fed doesn't appear in any mood, for obvious reasons, to adjust its Taper plans to accommodate the emerging economies. In fact, it is reasonable to assume that they don't mind the safe-haven trade keeping bond yields in check.
The 2013 Q4 Scorecard
With respect to the Scorecard for 2013 Q4, we have seen results from 389 S&P 500 members accounting for 84.9% of the index's total market capitalization. Total earnings for these companies are up +10.5% from the same period last year, with 69.4% beating earnings expectations with a median surprise of +2.4%. Total revenues for these companies are barely in the positive, up only +0.6%, with 62.0% beating revenue expectations with a median surprise of 0.9%.
The +10.5% 'headline' total earnings growth rate definitely looks fairly robust, particularly when compared to the growth rate for this same group of 389 companies in the last few quarters. Easy comparisons for three companies - Bank of America ( BAC ), Verizon ( VZ ), and Travelers ( TRV ) - account for a big part of the strong Q4 earnings growth. Exclude these three and total earnings growth for the S&P 500 companies that have reported drops by almost half. Performance on the revenue front is notably weak relative to recent quarters, dragged down by weakness in the Finance and Energy sectors.
The composite picture for Q4 - combining the results for the 389 companies that have reported already with the 111 still to come - is for earnings growth of +9.2%. This will be the highest quarterly growth pace of 2013, with easy comparisons playing a non-trivial role propping up the growth rate. But it's not all easy comparisons, as total earnings for the index are on track to reach a new all-time quarterly record.
Trends on the estimate revision front have been negative for a while, but we could afford to overlook such details in the Fed-inspired rally. It will be interesting to see if investors will continue to shrug estimate cuts in the post-QE world.
Key Points
Total earnings for the 389 S&P 500 companies that have reported results are up +10.5%, with 69.4% beating earnings expectations. Revenues for these companies are up +0.6%, with a revenue 'beat ratio' of 62.0%.
Easy comparisons for Bank of America, Verizon and Travelers account for most of the growth thus far. Excluding these three companies, the earnings growth rate drops to +6.2%, which is comparable to what this same group of companies have achieved in recent quarters.
Revenue growth at this stage is lower than what we have seen from this same group of companies in Q3 and other recent quarters, dragged down by weak top-line growth numbers from the Energy and Finance sectors. Excluding these two sectors, the revenue growth picture is still weak, but not so starkly.
Total earnings in Q4 are on track to reach a new all-time quarterly record, surpassing the record reached just the preceding quarter.
Easy comparisons, particularly for the Finance sector, account for a big part of the Q4 growth. Total earnings for the Finance sector are expected to be up +24.1%. Excluding Finance, total earnings growth for the S&P 500 drops to +6.1%.
Guidance has overwhelmingly been negative in recent quarters and the trend has largely remained in place in the Q4 reporting season as well. As a result, estimates for 2014 Q1 and beyond have been coming down as the earnings season has unfolded.
The bottom-up 'EPS' estimate for the S&P 500 for 2014 currently stands at $116.58, while the top-down estimate for the same is currently at $117.25. For 2015, the bottom-up estimate remains $129.64.
To see the full Earnings Trend PDF, please click here .
BOEING CO (BA): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TRAVELERS COS (TRV): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
WHOLE FOODS MKT (WFM): 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 need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight.
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BOEING CO (BA): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report To read this article on Zacks.com click here. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight.
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The +10.5% 'headline' total earnings growth rate definitely looks fairly robust, particularly when compared to the growth rate for this same group of 389 companies in the last few quarters. BOEING CO (BA): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report To read this article on Zacks.com click here. Positive surprises started off on the weak side, but even those are running at the best pace of the year.
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As a result, estimates for 2014 Q1 and beyond have been coming down as the earnings season has unfolded. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight.
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cd89421b-4ef0-4b2e-9454-acb93d0c9023
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722940.0
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2014-02-13 00:00:00 UTC
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Do Falling Earnings Estimates Mean Anything? - Earnings Outlook
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DE
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https://www.nasdaq.com/articles/do-falling-earnings-estimates-mean-anything-earnings-outlook-2014-02-13
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nan
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nan
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The following excerpt is from this week's Earnings Trends article. To see the full report, please click here .
Do Falling Earnings Estimates Mean Anything?
The earnings season is winding down, with results from more than three-quarters of the S&P 500 members already out. What this means is that the broad trends seen thus far are unlikely to change in any meaningful way through the rest of this earnings season.
Our overall verdict on the Q4 earnings season is that it is no better or worse than what we have been seeing in the last few quarters. In some respects, the Q4 earnings season is an improvement over the recent past. Specifically, total earnings for the S&P 500 are on track to reach a new all-time quarterly record and even earnings growth for the quarter is in on track to be the highest of the year (even after accounting for easy comparisons). Positive surprises started off on the weak side, but even those are running at the best pace of the year.
Revenue growth has been a challenge for companies for quite some time and we don't see any improvement on that front in Q4 either. If anything, the aggregate revenue growth rate at this stage is even weaker than what we have been seeing in recent quarters, though the bulk of the revenue weakness is due the Finance and Energy sectors.
The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight. Part of the guidance weakness is likely a function of management's need for expectations management. The need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving.
The chart below shows how estimates for the current quarter have fallen in response to weak company guidance.
With the Retail sector heavily represented in the still-to-come reports, it is reasonable to expect that estimates still have room to go down.
Companies have been guiding lower quarter after quarter, prompting earnings estimates to keep coming down for almost two years. The market didn't care much about this, with an ever helpful Fed not letting earnings-related worries coming in the way of the market's upward thrust. But the Fed has started getting out of the QE business just as these other issues have taken center stage.
The popular narrative connects the Fed Taper with what is happening in the emerging markets. The Fed doesn't appear in any mood, for obvious reasons, to adjust its Taper plans to accommodate the emerging economies. In fact, it is reasonable to assume that they don't mind the safe-haven trade keeping bond yields in check.
The 2013 Q4 Scorecard
With respect to the Scorecard for 2013 Q4, we have seen results from 389 S&P 500 members accounting for 84.9% of the index's total market capitalization. Total earnings for these companies are up +10.5% from the same period last year, with 69.4% beating earnings expectations with a median surprise of +2.4%. Total revenues for these companies are barely in the positive, up only +0.6%, with 62.0% beating revenue expectations with a median surprise of 0.9%.
The +10.5% 'headline' total earnings growth rate definitely looks fairly robust, particularly when compared to the growth rate for this same group of 389 companies in the last few quarters. Easy comparisons for three companies - Bank of America ( BAC ), Verizon ( VZ ), and Travelers ( TRV ) - account for a big part of the strong Q4 earnings growth. Exclude these three and total earnings growth for the S&P 500 companies that have reported drops by almost half. Performance on the revenue front is notably weak relative to recent quarters, dragged down by weakness in the Finance and Energy sectors.
The composite picture for Q4 - combining the results for the 389 companies that have reported already with the 111 still to come - is for earnings growth of +9.2%. This will be the highest quarterly growth pace of 2013, with easy comparisons playing a non-trivial role propping up the growth rate. But it's not all easy comparisons, as total earnings for the index are on track to reach a new all-time quarterly record.
Trends on the estimate revision front have been negative for a while, but we could afford to overlook such details in the Fed-inspired rally. It will be interesting to see if investors will continue to shrug estimate cuts in the post-QE world.
Key Points
Total earnings for the 389 S&P 500 companies that have reported results are up +10.5%, with 69.4% beating earnings expectations. Revenues for these companies are up +0.6%, with a revenue 'beat ratio' of 62.0%.
Easy comparisons for Bank of America, Verizon and Travelers account for most of the growth thus far. Excluding these three companies, the earnings growth rate drops to +6.2%, which is comparable to what this same group of companies have achieved in recent quarters.
Revenue growth at this stage is lower than what we have seen from this same group of companies in Q3 and other recent quarters, dragged down by weak top-line growth numbers from the Energy and Finance sectors. Excluding these two sectors, the revenue growth picture is still weak, but not so starkly.
Total earnings in Q4 are on track to reach a new all-time quarterly record, surpassing the record reached just the preceding quarter.
Easy comparisons, particularly for the Finance sector, account for a big part of the Q4 growth. Total earnings for the Finance sector are expected to be up +24.1%. Excluding Finance, total earnings growth for the S&P 500 drops to +6.1%.
Guidance has overwhelmingly been negative in recent quarters and the trend has largely remained in place in the Q4 reporting season as well. As a result, estimates for 2014 Q1 and beyond have been coming down as the earnings season has unfolded.
The bottom-up 'EPS' estimate for the S&P 500 for 2014 currently stands at $116.58, while the top-down estimate for the same is currently at $117.25. For 2015, the bottom-up estimate remains $129.64.
To see the full Earnings Trend PDF, please click here .
BOEING CO (BA): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TRAVELERS COS (TRV): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
WHOLE FOODS MKT (WFM): 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.
|
The need for conservatism aside, one has to be extremely cynical to believe that management teams would guide lower while knowing that their business outlook was stable, if not improving. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight.
|
BOEING CO (BA): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report To read this article on Zacks.com click here. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight.
|
The +10.5% 'headline' total earnings growth rate definitely looks fairly robust, particularly when compared to the growth rate for this same group of 389 companies in the last few quarters. BOEING CO (BA): Free Stock Analysis Report BANK OF AMER CP (BAC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report To read this article on Zacks.com click here. Positive surprises started off on the weak side, but even those are running at the best pace of the year.
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As a result, estimates for 2014 Q1 and beyond have been coming down as the earnings season has unfolded. Positive surprises started off on the weak side, but even those are running at the best pace of the year. The most notable thing that hasn't changed at all from other recent quarters is guidance - it was weak before and it's still weak, as the guidance from Whole Foods ( WFM ) yesterday, Deere & Company ( DE ) a few days back and Boeing ( BA ) and others earlier highlight.
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e55a8929-fec1-4a56-8645-8abbd0149a02
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722941.0
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2014-02-12 00:00:00 UTC
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MOO, SYT, DE, POT: ETF Outflow Alert
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DE
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https://www.nasdaq.com/articles/moo-syt-de-pot-etf-outflow-alert-2014-02-12
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $205.6 million dollar outflow -- that's a 4.9% decrease week over week (from 79,800,000 to 75,850,000). Among the largest underlying components of MOO, in trading today Syngenta AG (Symbol: SYT) is off about 0.1%, Deere & Co. (Symbol: DE) is down about 0.7%, and Potash Corp. of Saskatchewan Inc. (Symbol: POT) is up by about 0.4%. 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 $48.75 per share, with $55.94 as the 52 week high point - that compares with a last trade of $51.76. 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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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 $48.75 per share, with $55.94 as the 52 week high point - that compares with a last trade of $51.76. 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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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 $48.75 per share, with $55.94 as the 52 week high point - that compares with a last trade of $51.76. 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 $205.6 million dollar outflow -- that's a 4.9% decrease week over week (from 79,800,000 to 75,850,000).
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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 $205.6 million dollar outflow -- that's a 4.9% decrease week over week (from 79,800,000 to 75,850,000). 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 $48.75 per share, with $55.94 as the 52 week high point - that compares with a last trade of $51.76. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Agribusiness ETF (Symbol: MOO) where we have detected an approximate $205.6 million dollar outflow -- that's a 4.9% decrease week over week (from 79,800,000 to 75,850,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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b17a84cc-8252-41b2-afc9-21508771b21c
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722942.0
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2014-02-12 00:00:00 UTC
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Deere Shares Rises on Q1 Earnings Beat - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-shares-rises-on-q1-earnings-beat-analyst-blog-2014-02-12
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nan
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nan
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Shares of Deere & Company ( DE ) went up 2.8% during the pre-market trading session today, Feb 12, as the company reported record net income for the first quarter of fiscal 2014 (ended Jan 31, 2014). Net income in the quarter was $681 million, up 5% from $650 million in the prior-year quarter. Despite moderate demand from farmers for Deere tractors, harvesters and other agricultural machinery due to lower commodity prices, Deere's incessant efforts to cut down costs led to the improvement in earnings.
First-quarter earnings per share were reported at $1.81, up 10% from $1.65 per share earned in the prior-year quarter and way ahead of the Zacks Consensus Estimate of $1.51. Deere delivered a solid earnings surprise of +20% in the quarter.
Operational Update
Deere's worldwide total sales increased 3% year over year to $7.65 billion, way ahead of the Zacks Consensus Estimate of $6.5 billion. Net sales of equipment operations (which comprise of Agriculture and Turf, Construction and Forestry) were $6.9 billion, up 2% year over year, including a price rise of 2%, offset by a 2% unfavorable currency translation. Region-wise, equipment net sales were up 3% in the U.S. and Canada and 2% in rest of the world.
Cost of sales in the quarter increased 4% year over year to $5.2 billion. Gross profit during the quarter was $2.46 billion, up 2% year over year. Selling, administrative and general expenses dipped 2% to $766 million. Operating profit improved 8% year over year to $1.37 billion.
Operating income from equipment operations rose 6% year over year to $891 million as price realization helped offset unfavorable effects of foreign-currency exchange and a less-favorable product mix.
Segment Performance
The Agriculture & Turf segment sales increased 2% year over year to $5.6 billion, attributable to benefits of price realization and higher shipment volumes offset by negative currency translation. Operating profit of the segment improved 4% year over year to $797 million. The increase in operating profit was driven by improved price realization, which offset unfavorable effects of foreign-currency exchange and a less-favorable product mix.
Construction & Forestry sales improved 4% year over year to $1.35 billion. Operating profit in the segment surged 32% year over year to $94 million, driven by lower production costs, lower research and development expenses and price realization. However, lower production volumes were a minor deterrent.
Net revenues at Deere's Financial Services operations were $587 million in the reported quarter, up 11% year over year. The segment's operating profit was $182 million, compared with $197 million in the prior-year quarter. Net income in this segment was $142 million compared with $133 million in the year-ago quarter. The improvement stemmed from growth in credit portfolio and favorable effective tax rate, partially offset by higher selling, administrative and general expenses, lower crop insurance margins and less-favorable financing spreads.
Financial Position
As of Jan 31, 2014, Deere had cash and cash equivalents of $3.2 billion, down from $3.5 billion as of Oct 31, 2013 and $3.7 billion as of Jan 31, 2013. Long-term borrowings were at $22 billion as of Jan 31, 2014 compared with $21.6 billion as of Oct 31, 2013 and $22.2 billion as of Jan 31, 2013. Net cash flow used in operating activities was $746 million in the quarter compared with $1.2 billion in the prior-year quarter.
Looking Ahead
Deere expects equipment sales to decrease around 2% year over year for the second quarter of fiscal 2014. For the full year, the company expects equipment sales to decline 3%. Deere projects net income of $3.3 billion for fiscal 2014.
Segment-wise, Deere projects Agriculture and Turf equipment sales to decline 6% for fiscal 2014. Even though commodity prices and farm incomes are expected to remain at healthy levels in 2014, they will be lower than 2013, which will have a dampening effect on demand for large farm equipment.
Region-wise, Deere expects that industry farm machinery sales in the U.S. and Canada will decline 5% to 10% year over year in fiscal 2014. In Europe, sales are projected to be down 5% due to continued deterioration in the overall economy, lower commodity prices and farm incomes.
Sales in the Commonwealth of Independent States are expected to be moderately lower. Sales in Asia are expected to be up slightly year over year. Deere expects sales growth of turf and utility equipment in the U.S. and Canada to be about 5%, reflecting improved market conditions.
The company foresees global sales for Construction & Forestry equipment to advance about 10%, partly because of the recovery in the U.S. economy and an increase in housing starts. Global forestry sales are expected to be higher, driven by economic growth and higher sales in European markets. Net income from Financial Services is estimated at around $600 million.
Our View
Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Meanwhile in the near term, even though net farm income remains at high levels, farmer sentiment regarding capital goods purchases is becoming more conservative due to lower commodity prices.
Deere will nevertheless benefit from recovery in the construction sector. Furthermore, given its strong balance sheet, the company can continue to increase dividends and repurchase shares. However, continued weakness in European markets remains a concern.
Moline, IL-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and operated through dealers for the resale of products internationally.
Deere currently holds a Zacks Rank #4 (Sell). Some better-ranked stocks in the machinery sector include Xylem Inc. ( XYL ), Altra Industrial Motion Corp. ( AIMC ) and Barnes Group Inc. ( B ), all of which carry a Zacks Rank #2 (Buy).
ALTRA HOLDINGS (AIMC): Free Stock Analysis Report
BARNES GRP (B): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
XYLEM INC (XYL): 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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Some better-ranked stocks in the machinery sector include Xylem Inc. ( XYL ), Altra Industrial Motion Corp. ( AIMC ) and Barnes Group Inc. ( B ), all of which carry a Zacks Rank #2 (Buy). Shares of Deere & Company ( DE ) went up 2.8% during the pre-market trading session today, Feb 12, as the company reported record net income for the first quarter of fiscal 2014 (ended Jan 31, 2014). Despite moderate demand from farmers for Deere tractors, harvesters and other agricultural machinery due to lower commodity prices, Deere's incessant efforts to cut down costs led to the improvement in earnings.
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ALTRA HOLDINGS (AIMC): Free Stock Analysis Report BARNES GRP (B): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report XYLEM INC (XYL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & Company ( DE ) went up 2.8% during the pre-market trading session today, Feb 12, as the company reported record net income for the first quarter of fiscal 2014 (ended Jan 31, 2014). Despite moderate demand from farmers for Deere tractors, harvesters and other agricultural machinery due to lower commodity prices, Deere's incessant efforts to cut down costs led to the improvement in earnings.
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Operational Update Deere's worldwide total sales increased 3% year over year to $7.65 billion, way ahead of the Zacks Consensus Estimate of $6.5 billion. Shares of Deere & Company ( DE ) went up 2.8% during the pre-market trading session today, Feb 12, as the company reported record net income for the first quarter of fiscal 2014 (ended Jan 31, 2014). Despite moderate demand from farmers for Deere tractors, harvesters and other agricultural machinery due to lower commodity prices, Deere's incessant efforts to cut down costs led to the improvement in earnings.
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Net revenues at Deere's Financial Services operations were $587 million in the reported quarter, up 11% year over year. For the full year, the company expects equipment sales to decline 3%. Shares of Deere & Company ( DE ) went up 2.8% during the pre-market trading session today, Feb 12, as the company reported record net income for the first quarter of fiscal 2014 (ended Jan 31, 2014).
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d26a9c1f-b22c-4094-ba35-095589baa558
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722943.0
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2014-02-12 00:00:00 UTC
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Futures Mixed As Four-Day Rally Pauses
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DE
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https://www.nasdaq.com/articles/futures-mixed-four-day-rally-pauses-2014-02-12
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nan
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nan
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Futures appear to be fatigued Wednesday and are straddling the flatline as Wall Street takes a breather after four days of impressive gains. Tuesday's testimony from Fed Chair Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling any profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard.
Although Bullard is not a voting member this year, his hawkish comments tend to unnerve markets as they indicate a bias towards higher short-term rates as thresholds on inflation and joblessness are reached.This contradicts yesterday's remarks from Yellen and introduce a slight risk to yesterday's gains.
In other news, The Bank of England raised its forecast for 2014 UK growth and revised their forward guidance regarding interest rates sending European equities higher. The trade was magnified by yesterday's rally in the U.S. in addition to a swelling Chinese trade surplus.
-Dow Jones Industrial up 0.03%
-S&P 500 futures up 0.04%
-Nasdaq 100 futures up 0.12%
SENTIMENT
Nikkei up 0.56%
Hang Seng up 1.47%
Shanghai Composite up 0.30%
FTSE-100 up 0.13%
DAX-30 up 0.76%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: higher
(+/-) Chip stocks: mixed
(+/-) Software stocks: mixed
(+) Hardware stocks: higher
(-) Internet stocks: lower
(-) Drug stocks: lower
(-) Financial stocks: lower
(+/-) Retail stocks: mixed
(+) Industrial stocks: higher
(+/-) Airlines: mixed
(+) Autos: higher
UPSIDE MOVERS:
DE (+1.65%) Reported Q1 earnings of $1.81 per share, above analyst consensus of $1.53 per share on Capital IQ.
OC (+10.72%) Reported Q4 2013 adjusted earnings of $52 million, or $0.44 per diluted share, compared with estimates of $0.27 per share.
ETRM (+12.96%) U.S. FDA to review its obesity treatment, also announced a decline in quarterly loss.
DOWNSIDE MOVERS:
PRGN (-9.97%) Commences public offering of common stock
RLOC (-18.30%) Lowered guidance for Q1 revenue in the range of $124 to $126 million, below the analyst consensus of $137 million
AMZN (-1.71%) UBS downgraded the stock to Neutral from Buy
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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PRGN (-9.97%) Commences public offering of common stock RLOC (-18.30%) Lowered guidance for Q1 revenue in the range of $124 to $126 million, below the analyst consensus of $137 million AMZN (-1.71%) UBS downgraded the stock to Neutral from Buy The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tuesday's testimony from Fed Chair Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling any profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. The trade was magnified by yesterday's rally in the U.S. in addition to a swelling Chinese trade surplus.
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DE (+1.65%) Reported Q1 earnings of $1.81 per share, above analyst consensus of $1.53 per share on Capital IQ. PRGN (-9.97%) Commences public offering of common stock RLOC (-18.30%) Lowered guidance for Q1 revenue in the range of $124 to $126 million, below the analyst consensus of $137 million AMZN (-1.71%) UBS downgraded the stock to Neutral from Buy The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tuesday's testimony from Fed Chair Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling any profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard.
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Tuesday's testimony from Fed Chair Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling any profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. PRGN (-9.97%) Commences public offering of common stock RLOC (-18.30%) Lowered guidance for Q1 revenue in the range of $124 to $126 million, below the analyst consensus of $137 million AMZN (-1.71%) UBS downgraded the stock to Neutral from Buy The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The trade was magnified by yesterday's rally in the U.S. in addition to a swelling Chinese trade surplus.
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Tuesday's testimony from Fed Chair Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling any profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. PRGN (-9.97%) Commences public offering of common stock RLOC (-18.30%) Lowered guidance for Q1 revenue in the range of $124 to $126 million, below the analyst consensus of $137 million AMZN (-1.71%) UBS downgraded the stock to Neutral from Buy The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The trade was magnified by yesterday's rally in the U.S. in addition to a swelling Chinese trade surplus.
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5ab6dc2a-1a8b-406f-8b31-ae9995778fb0
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722944.0
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2014-02-12 00:00:00 UTC
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Farming Investor Jeff Auxier Buys 7 New Stocks in Q4
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DE
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https://www.nasdaq.com/articles/farming-investor-jeff-auxier-buys-7-new-stocks-q4-2014-02-12
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nan
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nan
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Jeff Auxier ( Trades , Portfolio ) is a value investor who stays away from the chaos of Wall Street by farming in Oregon in addition to managing portfolios for over 30 years. Auxier Asset Management currently has $400 million in assets under management.
In the fourth quarter, Auxier purchased seven new stocks, for a total of 147 in his portfolio, and 3% quarter-over-quarter turnover. Most is weighted in the consumer defensive sector, at 27% of the portfolio, followed by health care at 21.9% and financial services at 16.8%.
The New Stocks
Credit Suisse Group ( CS )
Zeke Ashton Undervalued Stocks
Zeke Ashton Top Growth Companies
Zeke Ashton High Yield stocks
Carl Icahn Undervalued Stocks
Carl Icahn Top Growth Companies
Carl Icahn High Yield stocks
Warren Buffett Undervalued Stocks
Warren Buffett Top Growth Companies
Warren Buffett High Yield stocks
Leon Cooperman Undervalued Stocks
Leon Cooperman Top Growth Companies
Leon Cooperman High Yield stocks
John Burbank Undervalued Stocks
John Burbank Top Growth Companies
John Burbank High Yield stocks
Wilbur Ross Undervalued Stocks
Wilbur Ross Top Growth Companies
Wilbur Ross High Yield stocks
Chris Davis Undervalued Stocks
Chris Davis Top Growth Companies
Chris Davis High Yield stocks
Lou Simpson Undervalued Stocks
Lou Simpson Top Growth Companies
Lou Simpson High Yield stocks
Robert Olstein Undervalued Stocks
Robert Olstein Top Growth Companies
Robert Olstein High Yield stocks
Jeff Auxier Undervalued Stocks
Jeff Auxier Top Growth Companies
Jeff Auxier High Yield stocks
Jeff Auxier Undervalued Stocks
Jeff Auxier Top Growth Companies
Jeff Auxier High Yield stocks
Auxier purchased 38,500 shares of Credit Suisse, representing 0.25% of the portfolio, at an average purchase price of $30 in the fourth quarter.
Credit Suisse Group has a market cap of $49.56 billion; its shares were traded at around $31.12 with a P/E ratio of 16.20 and P/S ratio of 1.60. The dividend yield of Credit Suisse Group stocks is 0.40%.
ConAgra Foods Inc. ( CAG )
Auxier bought 34,800 shares of ConAgra, representing 0.25% of the portfolio. The stock's average fourth-quarter price was $32.
ConAgra Foods Inc. was initially incorporated as a Nebraska corporation in 1919 and was reincorporated as a Delaware corporation in December 1975. ConAgra Foods Inc. has a market cap of $12.18 billion; its shares were traded at around $28.97 with a P/E ratio of 17.30 and P/S ratio of 0.70. The dividend yield of ConAgra Foods Inc. stocks is 3.40%. ConAgra Foods Inc. had an annual average earnings growth of 2.40% over the past 10 years.
Brady Corporation ( BRC )
Auxier bought 29,900 shares of Brady Corp., a 0.19% portfolio weight. The shares cost $30 on average in quarter four.
Brady Corp. was incorporated under the laws of the state of Wisconsin in 1914. Brady Corp. has a market cap of $1.42 billion; its shares were traded at around $27.21 with and P/S ratio of 1.20. The dividend yield of Brady Corp. stocks is 2.80%.
Google ( GOOG )
Auxier bought 215 Google shares, giving it a 0.051% portfolio weight. Shares were $1,015 a share on average in quarter four.
Google Inc. was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google Inc. has a market cap of $396.46 billion; its shares were traded at around $1,186.69 with a P/E ratio of 31.50 and P/S ratio of 6.80. Google, Inc. had an annual average earnings growth of 44.30% over the past 10 years. GuruFocus rated Google Inc. the business predictability rank of 2.5-star.
Royal Dutch Shell PLC (RDS.A)
Auxier purchased 2,903 shares of Royal Dutch Shell, a 0.042% portfolio weight. Shares in the quarter averaged $67.
Royal Dutch Shell PLC is an integrated oil and gas company, incorporated in England and Wales on Feb. 5, 2002. Royal Dutch Shell PLC has a market cap of $222.45 billion; its shares were traded at around $70.23 with a P/E ratio of 10.90 and P/S ratio of 0.50. The dividend yield of Royal Dutch Shell PLC stocks is 5.00%. Royal Dutch Shell PLC had an annual average earnings growth of 0.40% over the past 10 years.
Wells Fargo & Co. ( WFC )
Auxier acquired 4,460 shares of Wells Fargo, accounting for 0.042% of the portfolio. The stock was $43 on average in quarter four.
Wells Fargo & Co. is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Wells Fargo & Co. has a market cap of $242.26 billion; its shares were traded at around $45.99 with a P/E ratio of 12.00 and P/S ratio of 2.90. The dividend yield of Wells Fargo & Co stocks is 2.60%. Wells Fargo & Co. had an annual average earnings growth of 3.70% over the past 10 years.
Deer & Co. ( DE )
Last, Auxier purchased 2,200 shares of Deere & Co, a 0.042% portfolio weighting and a stock that averaged $85 a share on the fourth quarter.
Deere & Company was incorporated under the laws of Delaware in 1958. Deere & Co. has a market cap of $32.27 billion; its shares were traded at around $86.90 with a P/E ratio of 9.60 and P/S ratio of 0.90. The dividend yield of Deere & Co. stocks is 2.30%. Deere & Co. had an annual average earnings growth of 10.30% over the past 10 years. GuruFocus rated Deere & Co. the business predictability rank of 4.5-star.
See Jeff Auxier (Trades, Portfolio)'s portfolio here. Not a Premium Member of GuruFocus?Try it free for 7 days here!
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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Jeff Auxier ( Trades , Portfolio ) is a value investor who stays away from the chaos of Wall Street by farming in Oregon in addition to managing portfolios for over 30 years. Auxier Asset Management currently has $400 million in assets under management. Most is weighted in the consumer defensive sector, at 27% of the portfolio, followed by health care at 21.9% and financial services at 16.8%.
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The New Stocks Credit Suisse Group ( CS ) Zeke Ashton Undervalued Stocks Zeke Ashton Top Growth Companies Zeke Ashton High Yield stocks Carl Icahn Undervalued Stocks Carl Icahn Top Growth Companies Carl Icahn High Yield stocks Warren Buffett Undervalued Stocks Warren Buffett Top Growth Companies Warren Buffett High Yield stocks Leon Cooperman Undervalued Stocks Leon Cooperman Top Growth Companies Leon Cooperman High Yield stocks John Burbank Undervalued Stocks John Burbank Top Growth Companies John Burbank High Yield stocks Wilbur Ross Undervalued Stocks Wilbur Ross Top Growth Companies Wilbur Ross High Yield stocks Chris Davis Undervalued Stocks Chris Davis Top Growth Companies Chris Davis High Yield stocks Lou Simpson Undervalued Stocks Lou Simpson Top Growth Companies Lou Simpson High Yield stocks Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks Jeff Auxier Undervalued Stocks Jeff Auxier Top Growth Companies Jeff Auxier High Yield stocks Jeff Auxier Undervalued Stocks Jeff Auxier Top Growth Companies Jeff Auxier High Yield stocks Auxier purchased 38,500 shares of Credit Suisse, representing 0.25% of the portfolio, at an average purchase price of $30 in the fourth quarter. Wells Fargo & Co. is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Jeff Auxier ( Trades , Portfolio ) is a value investor who stays away from the chaos of Wall Street by farming in Oregon in addition to managing portfolios for over 30 years.
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The New Stocks Credit Suisse Group ( CS ) Zeke Ashton Undervalued Stocks Zeke Ashton Top Growth Companies Zeke Ashton High Yield stocks Carl Icahn Undervalued Stocks Carl Icahn Top Growth Companies Carl Icahn High Yield stocks Warren Buffett Undervalued Stocks Warren Buffett Top Growth Companies Warren Buffett High Yield stocks Leon Cooperman Undervalued Stocks Leon Cooperman Top Growth Companies Leon Cooperman High Yield stocks John Burbank Undervalued Stocks John Burbank Top Growth Companies John Burbank High Yield stocks Wilbur Ross Undervalued Stocks Wilbur Ross Top Growth Companies Wilbur Ross High Yield stocks Chris Davis Undervalued Stocks Chris Davis Top Growth Companies Chris Davis High Yield stocks Lou Simpson Undervalued Stocks Lou Simpson Top Growth Companies Lou Simpson High Yield stocks Robert Olstein Undervalued Stocks Robert Olstein Top Growth Companies Robert Olstein High Yield stocks Jeff Auxier Undervalued Stocks Jeff Auxier Top Growth Companies Jeff Auxier High Yield stocks Jeff Auxier Undervalued Stocks Jeff Auxier Top Growth Companies Jeff Auxier High Yield stocks Auxier purchased 38,500 shares of Credit Suisse, representing 0.25% of the portfolio, at an average purchase price of $30 in the fourth quarter. Royal Dutch Shell PLC has a market cap of $222.45 billion; its shares were traded at around $70.23 with a P/E ratio of 10.90 and P/S ratio of 0.50. Deer & Co. ( DE ) Last, Auxier purchased 2,200 shares of Deere & Co, a 0.042% portfolio weighting and a stock that averaged $85 a share on the fourth quarter.
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See Jeff Auxier (Trades, Portfolio)'s portfolio here. Jeff Auxier ( Trades , Portfolio ) is a value investor who stays away from the chaos of Wall Street by farming in Oregon in addition to managing portfolios for over 30 years. Auxier Asset Management currently has $400 million in assets under management.
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067150e8-c759-4d85-a2d5-1fc856e8b868
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722945.0
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2014-02-12 00:00:00 UTC
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Futures Looking Fatigued After Stunning Run, Cautious Before Bullard
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DE
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https://www.nasdaq.com/articles/futures-looking-fatigued-after-stunning-run-cautious-bullard-2014-02-12
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nan
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nan
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Futures appear to be fatigued Wednesday and are straddling the flatline as Wall Street takes a breather after four days of impressive gains. Yesterday's testimony from Fed Chair Janet Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard.
Although Bullard is not a voting member this year, his hawkish comments tend to unnerve markets as they indicate a bias towards higher short-term rates as thresholds on inflation and joblessness are reached. This contradicts Tuesday's remarks from Yellen and introduces a slight risk to yesterday's gains.
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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Yesterday's testimony from Fed Chair Janet Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. Futures appear to be fatigued Wednesday and are straddling the flatline as Wall Street takes a breather after four days of impressive gains. Although Bullard is not a voting member this year, his hawkish comments tend to unnerve markets as they indicate a bias towards higher short-term rates as thresholds on inflation and joblessness are reached.
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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. Yesterday's testimony from Fed Chair Janet Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. This contradicts Tuesday's remarks from Yellen and introduces a slight risk to yesterday's gains.
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Yesterday's testimony from Fed Chair Janet Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Yesterday's testimony from Fed Chair Janet Yellen, progress on the debt ceiling, bullish Chinese trade data, and upbeat earnings from John Deere ( DE ) are stifling profit-taking pressure, but the upside is limited into comments from St. Louis Fed President James Bullard. Futures appear to be fatigued Wednesday and are straddling the flatline as Wall Street takes a breather after four days of impressive gains. Although Bullard is not a voting member this year, his hawkish comments tend to unnerve markets as they indicate a bias towards higher short-term rates as thresholds on inflation and joblessness are reached.
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b562c329-3e3e-4c7e-ba76-07e3b8ca9ecb
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722946.0
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2014-02-11 00:00:00 UTC
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Stocks Scream for Yellen
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DE
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https://www.nasdaq.com/articles/stocks-scream-yellen-2014-02-11
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nan
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nan
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US equities rose in overnight trading and continued to rally following the Congressional testimony from Fed Chairwoman Janet Yellen. In her testimony, delivered to the House Financial Services Committee, she discussed the recent developments in financial markets and the current complexion of the Fed's monetary policy. Yellen stated that the FOMC is likely to continue on its current course of reducing asset purchases in measured steps over the coming year as long as incoming data was broadly consistent with the Fed's stated goals.
The S&P 500 (INDEXSP:.INX) rose 1.11% in today's trading led by strong gains from all of its 10 basic sectors. Emerging market equities and domestic small caps also posted strong gains. December 2013 wholesale inventories rose 0.3% month-over-month, short of the 0.5% expected. The slower rate of inventory growth should negatively affect fourth-quarter GDP. The second estimate of 4Q GDP will be reported on February 28.
The House of Representatives brought a "clean" debt limit bill to the floor today that would push out the debt ceiling for about 18 months. Additionally, the Affordable Care Act mandate for employers with 51-100 employees to provide health insurance for their workers was delayed until 2016.
Barclays ( BCS ) announced this morning that it is cutting 12,000 jobs from its investment bank, or about 8.5% of its total workforce. The stock traded down as much as 5% in early trading, but recovered later in the session alongside strong performance from other financial stocks. The job cuts will be across all areas and levels of seniority.
Tomorrow's Financial Outlook
The only major noteworthy economic data report for tomorrow is the January Treasury budget statement. The budget is estimated to show a shortfall of $10 billion after a surplus of $2.9 billion in December of last year.
January eurozone industrial production is scheduled to be reported tomorrow in addition to China's January trade balance and the Bank of England's inflation report for the fourth quarter. ECB President Mario Draghi is scheduled to give the keynote address in Brussels for the 20th anniversary of the establishment of the European Monetary Institute.
Twenty-three major US companies are scheduled to report earnings tomorrow. Notable reports include Deere ( DE ), Lorillard ( LO ), Incyte ( INCY ), CBS ( CBS ), Nvidia (NVDA), Cisco (CSCO), Applied Materials (AMAT), Zillow (Z), and Whole Foods Market (WFM).
Twitter: @Minyanville
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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Additionally, the Affordable Care Act mandate for employers with 51-100 employees to provide health insurance for their workers was delayed until 2016. ECB President Mario Draghi is scheduled to give the keynote address in Brussels for the 20th anniversary of the establishment of the European Monetary Institute. In her testimony, delivered to the House Financial Services Committee, she discussed the recent developments in financial markets and the current complexion of the Fed's monetary policy.
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In her testimony, delivered to the House Financial Services Committee, she discussed the recent developments in financial markets and the current complexion of the Fed's monetary policy. The S&P 500 (INDEXSP:.INX) rose 1.11% in today's trading led by strong gains from all of its 10 basic sectors. December 2013 wholesale inventories rose 0.3% month-over-month, short of the 0.5% expected.
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In her testimony, delivered to the House Financial Services Committee, she discussed the recent developments in financial markets and the current complexion of the Fed's monetary policy. January eurozone industrial production is scheduled to be reported tomorrow in addition to China's January trade balance and the Bank of England's inflation report for the fourth quarter. The S&P 500 (INDEXSP:.INX) rose 1.11% in today's trading led by strong gains from all of its 10 basic sectors.
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The S&P 500 (INDEXSP:.INX) rose 1.11% in today's trading led by strong gains from all of its 10 basic sectors. In her testimony, delivered to the House Financial Services Committee, she discussed the recent developments in financial markets and the current complexion of the Fed's monetary policy. December 2013 wholesale inventories rose 0.3% month-over-month, short of the 0.5% expected.
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1d932723-e5af-4da7-b86b-fd11873af528
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722947.0
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2014-02-11 00:00:00 UTC
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Pre-Market Earnings Report for February 12, 2014 : DE, TRI, LO, RCI, INCY, DPS, HSP, VAL, OC, SPW, TWTC, WCG
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-12-2014-de-tri-lo-rci-incy-dps-hsp-val-oc-spw-twtc-wcg
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nan
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nan
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The following companies are expected to report earnings prior to market open on 02/12/2014. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending January 31, 2014. The farm machinery company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.51. This value represents a 8.48% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 11.64%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DE is 10.60 vs. an industry ratio of 15.80.
Thomson Reuters Corp ( TRI ) is reporting for the quarter ending December 31, 2013. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.50. This value represents a 16.67% decrease compared to the same quarter last year. In the past year TRI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 9.09%. The "days to cover" for this stock exceeds 24 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TRI is 19.66 vs. an industry ratio of 41.70.
Lorillard, Inc ( LO ) is reporting for the quarter ending December 31, 2013. The tobacco company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.85. This value represents a 7.59% increase compared to the same quarter last year. In the past year LO has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.47%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for LO is 15.65 vs. an industry ratio of 20.10.
Rogers Communication, Inc. ( RCI ) is reporting for the quarter ending December 31, 2013. The cable tv company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.68. This value represents a 22.73% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 26 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for RCI is 13.28 vs. an industry ratio of 16.80.
Incyte Corporation ( INCY ) is reporting for the quarter ending December 31, 2013. The biomedical (gene) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.09. This value represents a 164.29% decrease compared to the same quarter last year. The last two quarters INCY had negative earnings surprises; the latest report they missed by -7.69%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for INCY is -161.29 vs. an industry ratio of 3.30.
Dr Pepper Snapple Group, Inc ( DPS ) is reporting for the quarter ending December 31, 2013. The beverages company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.85. This value represents a 4.94% increase compared to the same quarter last year. DPS missed the consensus earnings per share in the 4th calendar quarter of 2012 by -4.71%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DPS is 15.76 vs. an industry ratio of 18.00.
Hospira Inc ( HSP ) is reporting for the quarter ending December 31, 2013. The medical products company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.50. This value represents a 9.09% decrease compared to the same quarter last year. In the past year HSP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 13.33%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HSP is 21.45 vs. an industry ratio of 4.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Valspar Corporation ( VAL ) is reporting for the quarter ending January 31, 2014. The paint company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.67. This value represents a 11.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for VAL is 17.38 vs. an industry ratio of 19.20.
Owens Corning Inc ( OC ) is reporting for the quarter ending December 31, 2013. The building company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.27. This value represents a 145.45% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for OC is 23.30 vs. an industry ratio of 6.60, implying that they will have a higher earnings growth than their competitors in the same industry.
SPX Corporation ( SPW ) is reporting for the quarter ending December 31, 2013. The auto (truck) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.81. This value represents a 15.29% increase compared to the same quarter last year. SPW missed the consensus earnings per share in the 1st calendar quarter of 2013 by -7.41%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SPW is 24.90 vs. an industry ratio of 21.60, implying that they will have a higher earnings growth than their competitors in the same industry.
tw telecom inc. ( TWTC ) is reporting for the quarter ending December 31, 2013. The wire line (national) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.11. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TWTC is 111.38 vs. an industry ratio of 16.50, implying that they will have a higher earnings growth than their competitors in the same industry.
WellCare Health Plans, Inc. ( WCG ) is reporting for the quarter ending December 31, 2013. The hmo company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.16. This value represents a 12.12% decrease compared to the same quarter last year. WCG missed the consensus earnings per share in the 1st calendar quarter of 2013 by -8.7%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for WCG is 13.51 vs. an industry ratio of 11.10, 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 January 31, 2014. This value represents a 8.48% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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Deere & Company ( DE ) is reporting for the quarter ending January 31, 2014. This value represents a 8.48% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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Deere & Company ( DE ) is reporting for the quarter ending January 31, 2014. This value represents a 8.48% decrease compared to the same quarter last year. In the past year DE has beat the expectations every quarter.
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In the past year DE has beat the expectations every quarter. Deere & Company ( DE ) is reporting for the quarter ending January 31, 2014. This value represents a 8.48% decrease compared to the same quarter last year.
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d09e1d3a-ffa9-48a4-918f-c91f6d06e173
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722948.0
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2014-02-10 00:00:00 UTC
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Earnings Expectations For The Week Of February 10: AIG, Cisco, Deere, PepsiCo And More
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DE
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https://www.nasdaq.com/articles/earnings-expectations-week-february-10-aig-cisco-deere-pepsico-and-more-2014-02-10
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nan
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nan
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Nelson Hem, Benzinga Staff Writer
The earnings season is winding down. Most of the S&P 500 have reported fourth-quarter results, and the good news is that earnings beats have outnumbered earnings misses.
Here is a quick rundown of what analysts expect from some of this week's most prominent quarterly reports.
America Movil SAB (AMX): Fourth-quarter earnings per share (EPS) of $0.45 (up more than 33 percent from a year ago) and revenues of $15.23 billion (down marginally year-on-year). The full-year forecast has EPS down about five percent and revenue marginally higher. This Latin American telecom giant reports Monday after the markets close.
American International Group (AIG): Fourth-quarter EPS of $0.96 (up 79.1 percent) and revenue of $8.56 billion (marginally lower). The full-year forecast calls for EPS to rise 10.4 percent and revenue to be down 2.6 percent. AIG reports Thursday afternoon.
Applied Materials (AMAT): Fiscal first-quarter EPS of $1.52 (up 72.7 percent) on revenue of $2.13 billion (35.6 percent higher). The report is due after the closing bell on Wednesday.
Avon Products (AVP): EPS of $0.30 (down from $0.37) for the fourth quarter and $0.97 (up from $0.85) for all of 2013. Analysts are looking for sales to have fallen 8.3 percent for the quarter and 6.0 percent for the full year. Avon reports early Thursday.
Barrick Gold (ABX): Fourth-quarter EPS of $0.41 (down about 63 percent) and $2.84 billion in revenue (down more than 32 percent). The full-year forecast has EPS down 34.0 percent and revenue 14.6 percent lower. Look for the Barrick's report Thursday morning.
Cliffs Natural Resources (CLF): EPS of $0.81 (up from $0.41) for the fourth quarter and $3.03 (down from $3.50) for the year. Revenues are forecast to have fallen 5.3 percent for the quarter and 3.8 percent for the full year. This iron and coal miner reports Thursday after the trading session ends.
Cisco Systems (CSCO): Fiscal second-quarter EPS of $0.46 on revenue of $11.03 billion. That would be down from $0.51 EPS and $12.10 billion in revenue. This tech giant is scheduled to share its results late Wednesday.
CVS Caremark (CVS): Fourth-quarter EPS of $1.11 (down 2.6 percent) and sales of $32.69 billion (up 4.1 percent). The full-year forecast has EPS up 13.8 percent and revenue 2.8 percent higher. Look for the report early Tuesday.
Deere (DE): Fiscal first-quarter EPS of $1.52 on revenue of $6.62 billion. That would be down from $1.65 EPS and $6.79 billion in revenue. The heavy equipment maker is scheduled to share its results early Wednesday.
Goodyear Tire & Rubber (GT): EPS of $0.64 (up 39.0 percent) for the fourth quarter and $2.52 (up 24.2 percent) for the full year. But revenues are expected to have fallen nearly two percent for the quarter and more than five percent for the year. The company reports early Thursday.
Kinross Gold (KGC): Fourth-quarter EPS of $0.03 (87.5 percent lower) and revenue of $858.76 million (down 27.6 percent). The full-year forecast has EPS down 55.8 percent and revenue 13.0 percent lower. Watch for the report Wednesday after the markets close.
Kraft Foods (KRFT): Fourth-quarter EPS of $0.61 (75.1 percent higher) and $4.63 billion (up three percent) in sales. The full-year forecast has EPS up marginally and revenue that is essentially flat. The report is scheduled for late Thursday.
Lorillard (LO): Fourth-quarter EPS of $0.86 (up 8.1 percent) and sales of $1.31 billion (up 8.5 percent). For the full year, EPS is expected to have grown 11.0 percent and revenue to be 8.5 percent higher. This cigarette purveyor reports Wednesday morning.
MetLife (MET): Fourth-quarter EPS of $1.30 (up from $1.25) and revenue of $17.43 billion (up marginally). The full-year forecast for this insurance giant has EPS up about five percent and revenue nearly one percent higher. MetLife is on deck later on Wednesday.
Snack food maker Mondelez (MDLZ): Fourth-quarter EPS of $0.44 (up 18.2 percent) and sales of $9.57 billion (up one percent). The full-year forecast shows a 30.3 percent gain in EPS and revenue up 2.0 percent. Its report is due out late Wednesday.
NetApp (NTAP): Fiscal third-quarter EPS of $0.71 on revenue of $1.65 billion. That compares to $0.67 EPS and $1.63 billion in revenue a year ago. The data storage company is scheduled to post its results Wednesday afternoon.
NVIDIA (NVDA): Fiscal fourth-quarter EPS of $0.18 on revenue of $1.05 billion (down 35.7 percent and 4.9 percent, respectively). The full-year forecast calls for EPS down 25.6 percent and revenue 5.6 percent lower. The chipmaker shares its results Wednesday after the markets close.
PepsiCo (PEP): Fourth-quarter EPS of $1.01 (down from $1.09) and sales of $20.16 billion (up one percent). The full-year forecast calls for EPS to rise 5.5 percent and revenue to be 1.5 percent higher. The beverage giant steps onto the earnings stage early Thursday.
Whole Foods Market (WFM): Fiscal first-quarter earnings up 11.3 percent to $0.44 per share, as well as revenue up 11.3 percent to $4.29 billion. The report is due out after the closing bell on Wednesday.
Others expected to report earnings gains this week include Campbell Soup, DaVita HealthCare, Discovery Communications, Hasbro, Interpublic Group and Reynolds American. Earnings declines are anticipated from Dean Foods, LeapFrog Enterprises, RackSpace Hosting, TripAdvisor and Western Union, while net losses are expected from Alpha Natural Resources and Sprint.
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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Others expected to report earnings gains this week include Campbell Soup, DaVita HealthCare, Discovery Communications, Hasbro, Interpublic Group and Reynolds American. Earnings declines are anticipated from Dean Foods, LeapFrog Enterprises, RackSpace Hosting, TripAdvisor and Western Union, while net losses are expected from Alpha Natural Resources and Sprint. Deere (DE): Fiscal first-quarter EPS of $1.52 on revenue of $6.62 billion.
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Deere (DE): Fiscal first-quarter EPS of $1.52 on revenue of $6.62 billion. MetLife is on deck later on Wednesday. Snack food maker Mondelez (MDLZ): Fourth-quarter EPS of $0.44 (up 18.2 percent) and sales of $9.57 billion (up one percent).
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Deere (DE): Fiscal first-quarter EPS of $1.52 on revenue of $6.62 billion. MetLife is on deck later on Wednesday. Snack food maker Mondelez (MDLZ): Fourth-quarter EPS of $0.44 (up 18.2 percent) and sales of $9.57 billion (up one percent).
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Deere (DE): Fiscal first-quarter EPS of $1.52 on revenue of $6.62 billion. MetLife is on deck later on Wednesday. Snack food maker Mondelez (MDLZ): Fourth-quarter EPS of $0.44 (up 18.2 percent) and sales of $9.57 billion (up one percent).
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09a4a3dc-70aa-4fa2-987b-145e454f11fa
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722949.0
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2014-02-05 00:00:00 UTC
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Deere is Oversold
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DE
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https://www.nasdaq.com/articles/deere-oversold-2014-02-05
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. Deere & Co. (Symbol: DE) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Deere & Co. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of DE entered into oversold territory, changing hands as low as $83.41 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Deere & Co., the RSI reading has hit 28.5 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 44.9. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. Indeed, DE's recent annualized dividend of 2.04/share (currently paid in quarterly installments) works out to an annual yield of 2.40% based upon the recent $85.11 share price.
A bullish investor could look at DE's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DE is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, DE makes up 8.39% of the iShares MSCI Global Agriculture Producers ETF (Symbol: VEGI) which is trading lower by about 0.9% on the day Wednesday.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price - all else being equal - creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at DE's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. Indeed, DE's recent annualized dividend of 2.04/share (currently paid in quarterly installments) works out to an annual yield of 2.40% based upon the recent $85.11 share price. Click here to find out what 9 other oversold dividend stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. In the case of Deere & Co., the RSI reading has hit 28.5 - by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 44.9. Click here to find out what 9 other oversold dividend stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics - strong fundamentals and a valuation that looks inexpensive. A stock is considered to be oversold if the RSI reading falls below 30. Indeed, DE's recent annualized dividend of 2.04/share (currently paid in quarterly installments) works out to an annual yield of 2.40% based upon the recent $85.11 share price.
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8f78c8eb-aa9f-424d-8fd2-27ebf45f8dbe
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722950.0
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2013-12-26 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for December 27, 2013
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-december-27-2013-2013-12-26
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nan
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on December 27, 2013. A cash dividend payment of $0.51 per share is scheduled to be paid on February 03, 2014. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DE has paid the same dividend. At the current stock price of $90.86, the dividend yield is 2.25%.
The previous trading day's last sale of DE was $90.86, representing a -4.96% decrease from the 52 week high of $95.60 and a 14.29% increase over the 52 week low of $79.50.
DE is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and ASML Holding N.V. ( ASML ). DE's current earnings per share, an indicator of a company's profitability, is $9.08. Zacks Investment Research reports DE's forecasted earnings growth in 2014 as -9.12%, compared to an industry average of 4.3%.
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 )
Market Vectors Agribusiness ETF ( MOO )
Market Vectors Hard Assets Producers ETF ( HAP )
PowerShares Dynamic Industrials ( PRN ).
The top-performing ETF of this group is PRN with an increase of 13.78% over the last 100 days. VEGI has the highest percent weighting of DE at 7.91%.
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 stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports DE's forecasted earnings growth in 2014 as -9.12%, compared to an industry average of 4.3%. 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 ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares Dynamic Industrials ( PRN ). 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 27, 2013.
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Shareholders who purchased DE stock 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 ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares Dynamic Industrials ( PRN ).
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A cash dividend payment of $0.51 per share is scheduled to be paid on February 03, 2014. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. DE's current earnings per share, an indicator of a company's profitability, is $9.08.
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c69997a2-c97c-4a62-ba8f-471cab50f3ef
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722951.0
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2013-12-24 00:00:00 UTC
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Neutral Stance on Deere - Analyst Blog
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DE
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https://www.nasdaq.com/articles/neutral-stance-on-deere-analyst-blog-2013-12-24
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nan
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nan
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On Dec 20, we reiterated our Neutral recommendation on Deere & Company ( DE ) based on expected benefits from recovery in the construction sector and investment in Brazil. However, lower commodity prices and farm incomes continue to be major concerns for this producer of agricultural and forestry equipment, construction equipment and engines
Why Reiterated?
In line with its intention to invest its resources and thereby boost its core businesses, Deere is reviewing strategic options for the John Deere Water division and entered into an agreement to sell 60% of John Deere Landscapes ownership for $300 million in Oct. The John Deere Water division manufactures and distributes precision agricultural irrigation equipment and supplies. John Deere Landscapes distributes irrigation equipment, nursery products and landscape supplies, including seed, fertilizer and hardscape materials, primarily to landscape service professionals.
Deere expects worldwide sales of construction and forestry equipment to increase approximately 10% for 2014. The gain reflects further economic recovery and higher housing starts in the U.S. as well as sales increases outside the U.S. and Canada.
In September, Deere completed the purchase of Bauer Built Manufacturing in order to expand its portfolio of agricultural equipment and enhance its ability to serve larger farms in key markets globally. Demand for the Deere Bauer Series planters have grown quickly in the last few years predominantly in North America. Apart from North America, there is lot of potential in Brazil and Argentina where large farms demand such highly productive machines.
Despite these positives, the risks surrounding the stock have forced us to maintain a neutral stance on Deere. Lower commodity prices and farm incomes, lower equipment sales outlook, weakness in European markets, and higher production costs and research and development costs associated with interim Tier 4 are detrimental to the company's performance.
Other Stocks to Consider
Deere currently retains a Zacks Rank #3 (Hold). Some better-ranked stocks in the retail sector include Kubota Corporation ( KUBTY ), H&E Equipment Services Inc. ( HEES ) and Alamo Group, Inc. ( ALG ). While Kubota carries a Zacks Rank #1 (Strong Buy), Alamo Group and H&E Equipment Services hold a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
H&E EQUIP SVCS (HEES): Free Stock Analysis Report
KUBOTA CORP ADR (KUBTY): Get Free 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 Dec 20, we reiterated our Neutral recommendation on Deere & Company ( DE ) based on expected benefits from recovery in the construction sector and investment in Brazil. In September, Deere completed the purchase of Bauer Built Manufacturing in order to expand its portfolio of agricultural equipment and enhance its ability to serve larger farms in key markets globally. Some better-ranked stocks in the retail sector include Kubota Corporation ( KUBTY ), H&E Equipment Services Inc. ( HEES ) and Alamo Group, Inc. ( ALG ).
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The John Deere Water division manufactures and distributes precision agricultural irrigation equipment and supplies. John Deere Landscapes distributes irrigation equipment, nursery products and landscape supplies, including seed, fertilizer and hardscape materials, primarily to landscape service professionals. ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report To read this article on Zacks.com click here.
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In line with its intention to invest its resources and thereby boost its core businesses, Deere is reviewing strategic options for the John Deere Water division and entered into an agreement to sell 60% of John Deere Landscapes ownership for $300 million in Oct. John Deere Landscapes distributes irrigation equipment, nursery products and landscape supplies, including seed, fertilizer and hardscape materials, primarily to landscape service professionals. ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report To read this article on Zacks.com click here.
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The John Deere Water division manufactures and distributes precision agricultural irrigation equipment and supplies. Deere expects worldwide sales of construction and forestry equipment to increase approximately 10% for 2014. On Dec 20, we reiterated our Neutral recommendation on Deere & Company ( DE ) based on expected benefits from recovery in the construction sector and investment in Brazil.
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722952.0
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2013-12-20 00:00:00 UTC
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Deere & Company (DE): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report
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DE
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https://www.nasdaq.com/articles/deere-company-de-new-analyst-report-zacks-equity-research-zacks-equity-research-report
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Summary:
Deere reported adjusted earnings of $1.83 per share in the fourth quarter of fiscal 2014, a 13.3% decline year over year impacted by less favorable product mix, lower shipment and production volumes and higher production costs. Deere expects to remain solidly profitable in 2015, reflecting its efforts to establish a more resilient business model. However equipment sales projected to decrease around 15% year over year in fiscal 2015. Deere also estimated Agriculture and Turf equipment sales to decline in 2015 as a result of weaker conditions in the global farming economy. Though long-term outlook for Deere remains strong on increased global demand for food, shelter and infrastructure. Hence, we are reaffirming our Neutral recommendation on Deere with a target price of $91.
Overview:
Founded in 1837, IL-based Deere & Co., is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere & Co.'s credit subsidiary, John Deere Capital Corporation (JDCC) is one of the largest equipment finance companies in the U.S. with more than 2.4 million accounts. Deere currently reports operating results under three major business segments:
Agriculture and turf segment (Approximately 73% of total revenue in the third quarter of fiscal 2014) manufactures and distributes a full line of farm equipment and related service parts including tractors, sugarcane harvesters, sprayers, irrigation equipment, and more. Moreover, it manufactures and distributes equipment, products and service parts for commercial and residential use, which includes tractors for lawn, garden mowing equipment, golf course equipment, and more.
Construction and forestry division (19%) manufactures, distributes to dealers and sells at retail a broad range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The products and services produced by this segment are marketed primarily through independent retail dealer networks and major retail outlets.
The Financial Services (7%) primarily finances sales and leases by John Deere dealers for new and used agricultural, commercial and consumer, and construction and forestry equipment. It provides wholesale financing to dealers of the above equipments. It also provides operating loans, offers certain crop risk mitigation products and invests in wind energy generation.
Other revenues (Approximately 1% of total revenue in the third quarter of fiscal 2014) primarily comprises of the Equipment Operations' revenues for finance and interest income, and other income, net of certain inter-company eliminations.
Deere & Company (DE): Read the Full Research Report
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DEERE & CO (DE): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere also estimated Agriculture and Turf equipment sales to decline in 2015 as a result of weaker conditions in the global farming economy. Deere currently reports operating results under three major business segments: Agriculture and turf segment (Approximately 73% of total revenue in the third quarter of fiscal 2014) manufactures and distributes a full line of farm equipment and related service parts including tractors, sugarcane harvesters, sprayers, irrigation equipment, and more. The Financial Services (7%) primarily finances sales and leases by John Deere dealers for new and used agricultural, commercial and consumer, and construction and forestry equipment.
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Deere currently reports operating results under three major business segments: Agriculture and turf segment (Approximately 73% of total revenue in the third quarter of fiscal 2014) manufactures and distributes a full line of farm equipment and related service parts including tractors, sugarcane harvesters, sprayers, irrigation equipment, and more. Deere & Company (DE): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Summary: Deere reported adjusted earnings of $1.83 per share in the fourth quarter of fiscal 2014, a 13.3% decline year over year impacted by less favorable product mix, lower shipment and production volumes and higher production costs.
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Summary: Deere reported adjusted earnings of $1.83 per share in the fourth quarter of fiscal 2014, a 13.3% decline year over year impacted by less favorable product mix, lower shipment and production volumes and higher production costs. Deere currently reports operating results under three major business segments: Agriculture and turf segment (Approximately 73% of total revenue in the third quarter of fiscal 2014) manufactures and distributes a full line of farm equipment and related service parts including tractors, sugarcane harvesters, sprayers, irrigation equipment, and more. Moreover, it manufactures and distributes equipment, products and service parts for commercial and residential use, which includes tractors for lawn, garden mowing equipment, golf course equipment, and more.
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Summary: Deere reported adjusted earnings of $1.83 per share in the fourth quarter of fiscal 2014, a 13.3% decline year over year impacted by less favorable product mix, lower shipment and production volumes and higher production costs. Deere currently reports operating results under three major business segments: Agriculture and turf segment (Approximately 73% of total revenue in the third quarter of fiscal 2014) manufactures and distributes a full line of farm equipment and related service parts including tractors, sugarcane harvesters, sprayers, irrigation equipment, and more. The Financial Services (7%) primarily finances sales and leases by John Deere dealers for new and used agricultural, commercial and consumer, and construction and forestry equipment.
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2013-12-18 00:00:00 UTC
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#PreMarket Primer: Wednesday, December 18: Markets Hold Breath Ahead Of Fed Outcome
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https://www.nasdaq.com/articles/premarket-primer-wednesday-december-18-markets-hold-breath-ahead-fed-outcome-2013-12-18
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Markets closed slightly lower on Monday after the Federal Reserve's two day policy meeting got underway. Although most expected the bank to begin tapering its asset buying plan in March, recent strong data coupled with a new budget deal has removed much of the Fed's reasoning for continuing with the bond buying plan.
On Tuesday, the US' bipartisan budget deal passed a Senate procedural vote which means the new budget is likely to clear the senate as early as Wednesday. The new budget would keep the US from facing the political gridlock over the nation's fiscal future for the next two years. Uncertainty about next year's budget was part of the reason the Fed has been holding off on its taper.
The FOMC will release issue a statement following the meeting, which is expected to finish on Wednesday afternoon.
Top News
In other news around the markets:
The United Nations reported that tension in South Sudan is escalating and fighting in the African nation has left between 400 and 500 people dead and nearly 800 wounded. The staggering figures are the result of an ongoing power battle between ethnic groups. Protestors in Ukraine are planning mass rallies over the holiday season in response to Ukrainian President Viktor Yanukovich's bailout deal with Russia. Yanukovich turned away from a deal with the EU and later accepted a $15 billion loan from Russia in order to keep the nation's economy from crumbling. Ukrainians were enraged, saying Yanukovich sold his country out to Russia. Eurozone finance ministers are scrambling to make a year end deal on the region's new system for winding down failing banks, but have found it difficult to come to an agreement. Germany's Finance Minister Wolfgang Schaeuble said they were making progress, but still had conflicting ideas about some key points. The ministers will need to reach an agreement in the next few weeks to ensure the new system can be ratified by EU lawmakers before elections begin in May. A report from the EU's statistics agency showed that the eurozone's rate of inflation rose from 0.7 percent to 0.9 percent. The figure, albeit modestly higher, is still far below the EU's target and is a cause for concern for the nation's central bank. The agency also reported falling consumer prices and declining energy costs, which could be an indication of decreasing inflationary pressure.
Asian Markets
Asian markets were mixed on Wednesday, the Japanese NIKKEI was up 2.02 percent and the Hang Seng index rose 0.41 percent. However, China's Shanghai composite lost 0.13 percent and New Zealand's NZ50 was down 1.10 percent.
European Markets
Europe's markets were down across the board, the UK' FTSE lost 0.55 percent and the eurozone's STOXX 600 fell 1.24 percent. Italy's MIB was down 1.63 percent and France's CAC 40 fell 1.24 percent.
Commodities
Energy futures were mixed, Brent futures lost 0.07 percent and WTI futures were up 0.22 percent. Gold gained 0.19 percent and silver was up 0.30 percent. Industrial metals were mixed with copper down 0.17 percent and aluminum down 0.25 percent.
Currencies
The euro gained 0.04 percent against the dollar and the pound was up 0.15 percent against the American currency. The dollar gained 0.32 percent against the yen but lost 0.18 percent against the Australian dollar.
Earnings
Notable earnings released on Tuesday included:
Jabil Circuit, Inc. (NYSE: JBL ) reported first quarter EPS of $0.51 on revenue of $4.61 billion, compared to last year's EPS of $0.61 on revenue of $4.64 billion. Verifone Systems, Inc. (NYSE: PAY ) reported fourth quarter EPS of $0.27 on revenue of $432.00 million, compared to last year's EPS of $0.76 on revenue of $488.56 million
Pre-Market Movers
Stocks moving in the Premarket included:
Lennar Corp (NYSE: LEN ) gained 3.27 percent in premarket trade after falling 1.54 percent over the past week. General Motors Co. (NYSE: GM ) gained 1.06 percent in premarket trade after rising 2.80 percent over the past five days Deere & Co (NYSE: DE ) gained 0.70 percent in premarket trade after losing 0.64 percent on Tuesday Bank of America Corp. (NYSE: BAC ) rose 0.46 percent in premarket trade after falling 2.44 percent over the past week Jabil Circuit Inc. (NYSE: JBL ) lost 13.79 percent in premarket trade after gaining 0.20 percent on Tuesday
Notable earnings reports expected on Wednesday include:
Oracle Corporation (NASDAQ: ORCL ) is expected to report second quarter EPS of $0.67 on revenue of $9.18 billion, compared to last year's EPS of $0.64 on revenue of $9.11 billion. FedEx Corporation (NYSE: FDX ) is expected to report second quarter EPS of $1.62 on revenue of $11.43 billion, compared to last year's EPS of $1.39 on revenue of $11.11 billion. Lennar Corporation (NYSE: LEN ) is expected to report fourth quarter EPS of $0.62 on revenue of $1.88 billion, compared to last year's EPS of $0.56 on revenue of $1.35 billion. General Mills, Inc. (NYSE: GIS ) is expected to report second quarter EPS of $0.89 on revenue of $4.96 billion, compared to last year's EPS of $0.86 on revenue of $4.88 billion.
Economics
The US FOMC interest rate decision and statement will be the star of Wednesday'seconomic calendaras investors wait on pins and needles to find out if the bank will taper sooner than expected. Other notable economic releases include the British unemployment rate, and Germany's LFO business climate index.
For a recap of Wednesday's market action click
Tune into Benzinga's pre-market info show with Dennis Dick and Joel Elconin here .
(c) 2013 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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Protestors in Ukraine are planning mass rallies over the holiday season in response to Ukrainian President Viktor Yanukovich's bailout deal with Russia. Eurozone finance ministers are scrambling to make a year end deal on the region's new system for winding down failing banks, but have found it difficult to come to an agreement. Economics The US FOMC interest rate decision and statement will be the star of Wednesday'seconomic calendaras investors wait on pins and needles to find out if the bank will taper sooner than expected.
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Earnings Notable earnings released on Tuesday included: Jabil Circuit, Inc. (NYSE: JBL ) reported first quarter EPS of $0.51 on revenue of $4.61 billion, compared to last year's EPS of $0.61 on revenue of $4.64 billion. General Motors Co. (NYSE: GM ) gained 1.06 percent in premarket trade after rising 2.80 percent over the past five days Deere & Co (NYSE: DE ) gained 0.70 percent in premarket trade after losing 0.64 percent on Tuesday Bank of America Corp. (NYSE: BAC ) rose 0.46 percent in premarket trade after falling 2.44 percent over the past week Jabil Circuit Inc. (NYSE: JBL ) lost 13.79 percent in premarket trade after gaining 0.20 percent on Tuesday Notable earnings reports expected on Wednesday include: Oracle Corporation (NASDAQ: ORCL ) is expected to report second quarter EPS of $0.67 on revenue of $9.18 billion, compared to last year's EPS of $0.64 on revenue of $9.11 billion. Markets closed slightly lower on Monday after the Federal Reserve's two day policy meeting got underway.
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Earnings Notable earnings released on Tuesday included: Jabil Circuit, Inc. (NYSE: JBL ) reported first quarter EPS of $0.51 on revenue of $4.61 billion, compared to last year's EPS of $0.61 on revenue of $4.64 billion. Verifone Systems, Inc. (NYSE: PAY ) reported fourth quarter EPS of $0.27 on revenue of $432.00 million, compared to last year's EPS of $0.76 on revenue of $488.56 million Pre-Market Movers Stocks moving in the Premarket included: Lennar Corp (NYSE: LEN ) gained 3.27 percent in premarket trade after falling 1.54 percent over the past week. General Motors Co. (NYSE: GM ) gained 1.06 percent in premarket trade after rising 2.80 percent over the past five days Deere & Co (NYSE: DE ) gained 0.70 percent in premarket trade after losing 0.64 percent on Tuesday Bank of America Corp. (NYSE: BAC ) rose 0.46 percent in premarket trade after falling 2.44 percent over the past week Jabil Circuit Inc. (NYSE: JBL ) lost 13.79 percent in premarket trade after gaining 0.20 percent on Tuesday Notable earnings reports expected on Wednesday include: Oracle Corporation (NASDAQ: ORCL ) is expected to report second quarter EPS of $0.67 on revenue of $9.18 billion, compared to last year's EPS of $0.64 on revenue of $9.11 billion.
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General Motors Co. (NYSE: GM ) gained 1.06 percent in premarket trade after rising 2.80 percent over the past five days Deere & Co (NYSE: DE ) gained 0.70 percent in premarket trade after losing 0.64 percent on Tuesday Bank of America Corp. (NYSE: BAC ) rose 0.46 percent in premarket trade after falling 2.44 percent over the past week Jabil Circuit Inc. (NYSE: JBL ) lost 13.79 percent in premarket trade after gaining 0.20 percent on Tuesday Notable earnings reports expected on Wednesday include: Oracle Corporation (NASDAQ: ORCL ) is expected to report second quarter EPS of $0.67 on revenue of $9.18 billion, compared to last year's EPS of $0.64 on revenue of $9.11 billion. Markets closed slightly lower on Monday after the Federal Reserve's two day policy meeting got underway. Although most expected the bank to begin tapering its asset buying plan in March, recent strong data coupled with a new budget deal has removed much of the Fed's reasoning for continuing with the bond buying plan.
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722954.0
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2013-12-18 00:00:00 UTC
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Dow Chemical Unit, John Deere Team Up - Analyst Blog
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https://www.nasdaq.com/articles/dow-chemical-unit-john-deere-team-up-analyst-blog-2013-12-18
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The Dow Chemical Company 's ( DOW ) wholly-owned subsidiary, Dow AgroSciences LLC, and Deere & Company ( DE ), popularly known as John Deere, has entered into an agreement to help farmers get more value per acre through the analysis of production data by experts.
Both the parties will work together to develop approaches and technology that will deliver data and provide information to farmers to help them execute site-specific applications to improve yield and manage costs.
Dow AgroSciences in particular will utilize MyJohnDeere's platform and new cloud-based technologies to deliver customized prescriptions tailored for each farmer's specific field conditions.
The agreement will bring together production information and analysis from company experts. The channel partners will provide specific product recommendations from a broad portfolio of corn hybrids. This precision will help farmers in managing the inputs effectively and better monitor crop development which will eventually lead to increased yields.
MyJohnDeere, a comprehensive information platform, was introduced by John Deere in 2012. This online platform helps producers improve yield and operational efficiency by enabling the management of equipment data, production data and farm operations. It also allows producers to analyze yield variability, access decision support tools and collaborate with their agronomic advisers to enhance earnings.
Both the partners are committed to optimize agricultural producer's returns while conforming with the foundational principles of data management and stewardship.
Dow's profit climbed in the third quarter 2013 on strength across the agriculture, coatings and plastics businesses, and healthy gains from emerging markets.
Dow is benefiting from strong fundamentals in the agriculture and food markets, and is leveraging its North American feedstock advantage. A string of innovative products in its pipeline adds to its strength. However, Dow faces challenges in Western Europe, a still soft construction end market and is exposed to significant pension headwinds.
Dow currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are Asahi Kasei Corp. ( AHKSY ) and Johnson Matthey plc ( JMPLY ). Both hold a Zacks Rank #1 (Strong Buy).
ASAHI KASEI CP (AHKSY): Get Free Report
DEERE & CO (DE): Free Stock Analysis Report
DOW CHEMICAL (DOW): Free Stock Analysis Report
JOHNSON MATTHEY (JMPLY): Get Free 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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Both the parties will work together to develop approaches and technology that will deliver data and provide information to farmers to help them execute site-specific applications to improve yield and manage costs. Dow AgroSciences in particular will utilize MyJohnDeere's platform and new cloud-based technologies to deliver customized prescriptions tailored for each farmer's specific field conditions. The Dow Chemical Company 's ( DOW ) wholly-owned subsidiary, Dow AgroSciences LLC, and Deere & Company ( DE ), popularly known as John Deere, has entered into an agreement to help farmers get more value per acre through the analysis of production data by experts.
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The Dow Chemical Company 's ( DOW ) wholly-owned subsidiary, Dow AgroSciences LLC, and Deere & Company ( DE ), popularly known as John Deere, has entered into an agreement to help farmers get more value per acre through the analysis of production data by experts. Other companies in the chemical industry worth considering are Asahi Kasei Corp. ( AHKSY ) and Johnson Matthey plc ( JMPLY ). ASAHI KASEI CP (AHKSY): Get Free Report DEERE & CO (DE): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report JOHNSON MATTHEY (JMPLY): Get Free Report To read this article on Zacks.com click here.
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The Dow Chemical Company 's ( DOW ) wholly-owned subsidiary, Dow AgroSciences LLC, and Deere & Company ( DE ), popularly known as John Deere, has entered into an agreement to help farmers get more value per acre through the analysis of production data by experts. ASAHI KASEI CP (AHKSY): Get Free Report DEERE & CO (DE): Free Stock Analysis Report DOW CHEMICAL (DOW): Free Stock Analysis Report JOHNSON MATTHEY (JMPLY): Get Free Report To read this article on Zacks.com click here. Both the parties will work together to develop approaches and technology that will deliver data and provide information to farmers to help them execute site-specific applications to improve yield and manage costs.
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The Dow Chemical Company 's ( DOW ) wholly-owned subsidiary, Dow AgroSciences LLC, and Deere & Company ( DE ), popularly known as John Deere, has entered into an agreement to help farmers get more value per acre through the analysis of production data by experts. Both the parties will work together to develop approaches and technology that will deliver data and provide information to farmers to help them execute site-specific applications to improve yield and manage costs. Dow AgroSciences in particular will utilize MyJohnDeere's platform and new cloud-based technologies to deliver customized prescriptions tailored for each farmer's specific field conditions.
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c08d6a7e-a4bb-4428-a63e-7f3c73a3bf40
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2013-12-17 00:00:00 UTC
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Mixed November Retail Sales for Deere - Analyst Blog
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https://www.nasdaq.com/articles/mixed-november-retail-sales-for-deere-analyst-blog-2013-12-17
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Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) gained 2% since its announcement of mixed retail sales for November on Dec 10. Sales in utility and row crop tractors outperformed the industry, while sales for four-wheel drive tractors and combines failed to match the industry performance. Deere's reported inventory levels were lower than the industry for all its product segments.
November Retail Sales Performance in Detail
In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by single digits in November, on contrary to the industry-wide sales decline of 3%. Deere's inventory was reported to be lower than the industry-wide inventory of utility tractors, which stood at 50% of the previous 12 months' sales.
Sales of row crop tractor went up by double digits, outperforming the industry growth rate of 7% during the month. The industry inventory of row crop tractors were 33% of the previous 12 months' sales and Deere's inventory of row crop tractors was lower than the industry inventory.
Sales of four-wheel drive tractor sales decreased in single digits in November, in stark contrast to the 2% growth witnessed across the industry during the month. Deere's inventory for the four-wheel drive tractor was lower than the industry inventory at 25% of the previous 12 months' sales.
Combine sales went up in double digits, but failed to match the 26% growth across the industry. Deere's inventory for the combines was lower than the industry inventory at 17% of the previous 12 months' sales.
Retail sales of selected turf and utility equipment were flat year over year in November. In Europe, retail sales of tractors were down in single digit, while combine sales were down by double digits year over year. Coming to the Construction and forestry segment, sales went up in single digits both on a "First in Dirt" basis (retail sale of a new unit plus first use of a new rental unit) and on a settlement basis (retail sale of a new unit plus conversion of rental unit to a retail sale).
Deere's Q4 Sales Performance and Expectations
Deere's worldwide total sales decreased 3% year over year to $9.45 billion, beating the Zacks Consensus Estimate of $8.8 billion. Agriculture and Turf equipment sales decreased 4% and Construction & Forestry sales dipped 8%.
Deere expects equipment sales to decrease around 2% year over year for the first quarter of fiscal 2014. For the full year, the company continues to expect equipment sales to decline 3%.
Region-wise, Deere expects that industry farm machinery sales in the U.S. and Canada will decline 5% to 10% year over year in fiscal 2014. In Europe, sales are projected to be down 5% due to continued deterioration in the overall economy, lower commodity prices and farm incomes.
The company foresees global sales for Construction & Forestry equipment to advance about 10%, partly because of the recovery in the U.S. economy and an increase in housing starts.
Peer Performance
Deere's performance was better than that of Caterpillar Inc. ( CAT ). According to the last published data, sales growth for the construction and mining equipment continued to be in the red with a decline of 12% in October, the eleventh consecutive month of decline.
Our Take
Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Even though U.S Departement of Agriculture projects record net farm income for CY2013, farmer sentiment regarding capital goods purchases is becoming more conservative due to lower commodity prices. Deere will nevertheless benefit from recovery in construction sector. However, continued weakness in the European markets remains a concern.
Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally.
Deere currently holds a Zacks Rank #3 (Hold). Some better-ranked stocks in the machinery-farming sector include Kubota Corp. ( KUBTY ) and Alamo Group, Inc. ( ALG ). While Kubota carries a Zacks Rank #1 (Strong Buy), Alamo holds a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUBTY): Get Free 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 agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) gained 2% since its announcement of mixed retail sales for November on Dec 10. Even though U.S Departement of Agriculture projects record net farm income for CY2013, farmer sentiment regarding capital goods purchases is becoming more conservative due to lower commodity prices. Deere's reported inventory levels were lower than the industry for all its product segments.
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The industry inventory of row crop tractors were 33% of the previous 12 months' sales and Deere's inventory of row crop tractors was lower than the industry inventory. ALAMO GROUP INC (ALG): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report To read this article on Zacks.com click here. Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) gained 2% since its announcement of mixed retail sales for November on Dec 10.
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November Retail Sales Performance in Detail In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by single digits in November, on contrary to the industry-wide sales decline of 3%. The industry inventory of row crop tractors were 33% of the previous 12 months' sales and Deere's inventory of row crop tractors was lower than the industry inventory. Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) gained 2% since its announcement of mixed retail sales for November on Dec 10.
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November Retail Sales Performance in Detail In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by single digits in November, on contrary to the industry-wide sales decline of 3%. For the full year, the company continues to expect equipment sales to decline 3%. Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) gained 2% since its announcement of mixed retail sales for November on Dec 10.
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2013-12-11 00:00:00 UTC
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Terex to Sell Truck Biz to Volvo for $160M - Analyst Blog
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https://www.nasdaq.com/articles/terex-to-sell-truck-biz-to-volvo-for-%24160m-analyst-blog-2013-12-11
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Terex Corp .'s ( TEX ) shares had gained 2.46% following the announcement on Monday that the company will sell its truck business. The decision to offload this unit is part of Terex's efforts to transform to become a lifting and material handling solutions company. The truck business that manufactures and sells off-highway rigid and articulated haul trucks, never fitted into the transformational plan. The truck business will be sold at $160 million to Volvo Construction Equipment.
Construction Segment
The sale, subject to regulatory approvals and customary closing conditions, is slated to be completed in the first half of 2014. The truck business has been part of Terex for more than 30 years. The highway rigid and articulated haul trucks come under "Heavy Construction Equipment", which is a part of Terex's Construction segment. On a product basis, Heavy Construction Equipment amounted to 9% of Terex's total sales in 2012 and was pitted against market leaders such as Caterpillar Inc. ( CAT ), Deere & Company ( DE ), Komatsu Ltd. ( KMTUY ), Doosan, Liebherr and Volvo.
In addition to heavy construction equipment, the Construction segment designs and manufactures road building equipment, landfill compactors, as well as their related components and replacement parts. The performance of the Construction business remains challenged. Sales in the segment declined 24% year over year in the first nine months of 2013 as demand for its products remained weak, particularly in Europe and China. Reduced demand for large trucks, material handlers and aftermarket parts were the primary factors that negatively impacted net sales in the current year period.
Truck Business: A Misfit
Over the past several years, Terex has transformed from predominantly a mining and construction equipment company to a more diverse portfolio that serves numerous end markets. Sales to customers in the construction and mining industries, which contributed 80% of its revenues in 2008 accounted for approximately 50% of revenues in 2012. The company is now planning to become a lifting and material handling solutions company. Thus, the truck business was no longer considered a good fit in the portfolio of lifting and material handling businesses.
The divestiture is also in line with Terex's focus on streamlining its construction business by selling certain underperforming product lines during the year. The company remains on track with internal cost reduction initiatives in the Material Handling & Port Solutions and Crane businesses. The divestiture of the truck businesses and its focus on reducing overhead and within the Construction segment are expected to aid results going ahead. This divestiture will enable Terex to focus on cranes, aerial lifts and telehandlers as it continues to shift its focus from mining and earthmoving.
Westport, Conn.-based Terex is a global equipment manufacturer, catering to the construction, infrastructure, and surface mining industries. The company's manufacturing facilities are located in the U.S., Canada, Europe, Australia, Asia and South America. Terex currently has a Zacks Rank #3 (Hold).
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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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On a product basis, Heavy Construction Equipment amounted to 9% of Terex's total sales in 2012 and was pitted against market leaders such as Caterpillar Inc. ( CAT ), Deere & Company ( DE ), Komatsu Ltd. ( KMTUY ), Doosan, Liebherr and Volvo. Reduced demand for large trucks, material handlers and aftermarket parts were the primary factors that negatively impacted net sales in the current year period. The decision to offload this unit is part of Terex's efforts to transform to become a lifting and material handling solutions company.
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The highway rigid and articulated haul trucks come under "Heavy Construction Equipment", which is a part of Terex's Construction segment. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KOMATSU LTD ADR (KMTUY): Get Free Report TEREX CORP (TEX): Free Stock Analysis Report To read this article on Zacks.com click here. The decision to offload this unit is part of Terex's efforts to transform to become a lifting and material handling solutions company.
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The highway rigid and articulated haul trucks come under "Heavy Construction Equipment", which is a part of Terex's Construction segment. On a product basis, Heavy Construction Equipment amounted to 9% of Terex's total sales in 2012 and was pitted against market leaders such as Caterpillar Inc. ( CAT ), Deere & Company ( DE ), Komatsu Ltd. ( KMTUY ), Doosan, Liebherr and Volvo. The decision to offload this unit is part of Terex's efforts to transform to become a lifting and material handling solutions company.
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The highway rigid and articulated haul trucks come under "Heavy Construction Equipment", which is a part of Terex's Construction segment. The decision to offload this unit is part of Terex's efforts to transform to become a lifting and material handling solutions company. On a product basis, Heavy Construction Equipment amounted to 9% of Terex's total sales in 2012 and was pitted against market leaders such as Caterpillar Inc. ( CAT ), Deere & Company ( DE ), Komatsu Ltd. ( KMTUY ), Doosan, Liebherr and Volvo.
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8d14de3a-da44-4ac4-9bc2-fff36f2aa7ac
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722957.0
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2013-12-05 00:00:00 UTC
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Deere Extends Share Buyback Program - Analyst Blog
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https://www.nasdaq.com/articles/deere-extends-share-buyback-program-analyst-blog-2013-12-05
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The Board of Deere & Company ( DE ) has sanctioned the repurchase of additional common stock of up to $8 billion on top of its prior repurchase authorization of $5 billion, initiated in May, 2008.
The company's shares shot up as much as around 5% following the news release. The stock eventually closed at $85.38 yesterday, gaining around 3%.
Under the previous $5 billion share repurchase program, Deere has repurchased around $4 billion. As of Oct 31, 2013, there were around 375 million shares outstanding. Buybacks will be made in the open market at the company's discretion.
In addition to share buyback, Deere also announced a regular quarterly dividend of 51 cents a share. The dividend will be paid on Feb 3, 2014, to shareholders of record as of Dec 31, 2013. These programs are in sync with Deere's commitment to create long-term value for investors.
Deere, which belongs to the industrial products sector alongwith AGCO Corporation ( AGCO ) reported fourth-quarter fiscal 2013 (Oct 31, 2013) earnings per share of $2.11, up 21% year over year and surpassing the Zacks Consensus Estimate of $1.89. Deere's worldwide total sales decreased 3% year over year to $9.45 billion in the reported quarter. Revenues also beat the Zacks Consensus Estimate of $8.8 billion.
Deere expects equipment sales to decline around 2% year over year for the first quarter of fiscal 2014. For the full year, the company retains its equipment sales estimate of a decline of 3%. Deere projects net income of $3.3 billion for fiscal 2014.
Moline, IL-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally.
Deere currently holds a Zacks Rank #3 (Hold).
Stocks in the same sector with a favorable Zacks Rank are Kubota Corp. ( KUBTY ) holding a Zacks Rank #1 (Strong Buy), and Alamo Group, Inc. ( ALG ) carrying a Zacks Rank #2 (Buy).
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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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These programs are in sync with Deere's commitment to create long-term value for investors. Deere, which belongs to the industrial products sector alongwith AGCO Corporation ( AGCO ) reported fourth-quarter fiscal 2013 (Oct 31, 2013) earnings per share of $2.11, up 21% year over year and surpassing the Zacks Consensus Estimate of $1.89. For the full year, the company retains its equipment sales estimate of a decline of 3%.
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Deere, which belongs to the industrial products sector alongwith AGCO Corporation ( AGCO ) reported fourth-quarter fiscal 2013 (Oct 31, 2013) earnings per share of $2.11, up 21% year over year and surpassing the Zacks Consensus Estimate of $1.89. AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report To read this article on Zacks.com click here. The Board of Deere & Company ( DE ) has sanctioned the repurchase of additional common stock of up to $8 billion on top of its prior repurchase authorization of $5 billion, initiated in May, 2008.
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The Board of Deere & Company ( DE ) has sanctioned the repurchase of additional common stock of up to $8 billion on top of its prior repurchase authorization of $5 billion, initiated in May, 2008. Deere, which belongs to the industrial products sector alongwith AGCO Corporation ( AGCO ) reported fourth-quarter fiscal 2013 (Oct 31, 2013) earnings per share of $2.11, up 21% year over year and surpassing the Zacks Consensus Estimate of $1.89. AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report To read this article on Zacks.com click here.
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Under the previous $5 billion share repurchase program, Deere has repurchased around $4 billion. In addition to share buyback, Deere also announced a regular quarterly dividend of 51 cents a share. Deere, which belongs to the industrial products sector alongwith AGCO Corporation ( AGCO ) reported fourth-quarter fiscal 2013 (Oct 31, 2013) earnings per share of $2.11, up 21% year over year and surpassing the Zacks Consensus Estimate of $1.89.
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722958.0
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2013-11-21 00:00:00 UTC
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Company news for November 21, 2013 - Corporate Summary
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DE
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https://www.nasdaq.com/articles/company-news-for-november-21-2013-corporate-summary-2013-11-21
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• ADT Corp (NYSE: ADT ) posted fourth quarter earnings per share of $0.46, a cent higher than the Zacks Consensus Estimate
• Deere & Company (NYSE: DE ) reported fiscal fourth quarter earnings per share of $2.11, surpassing the Zacks Consensus Estimate of $1.89
• Lowe's Companies, Inc. (NYSE: LOW ) posted third quarter earnings per share of $0.47, a cent lower than the Zacks Consensus Estimate
• The J.M. Smucker Company (NYSE: SJM ) reported second quarter earnings per share of $1.52, lower than the Zacks Consensus Estimate of $1.59
ADT CORP (ADT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
LOWES COS (LOW): Free Stock Analysis Report
SMUCKER JM (SJM): 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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• ADT Corp (NYSE: ADT ) posted fourth quarter earnings per share of $0.46, a cent higher than the Zacks Consensus Estimate • Deere & Company (NYSE: DE ) reported fiscal fourth quarter earnings per share of $2.11, surpassing the Zacks Consensus Estimate of $1.89 • Lowe's Companies, Inc. (NYSE: LOW ) posted third quarter earnings per share of $0.47, a cent lower than the Zacks Consensus Estimate • The J.M. Smucker Company (NYSE: SJM ) reported second quarter earnings per share of $1.52, lower than the Zacks Consensus Estimate of $1.59 ADT CORP (ADT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report SMUCKER JM (SJM): 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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• ADT Corp (NYSE: ADT ) posted fourth quarter earnings per share of $0.46, a cent higher than the Zacks Consensus Estimate • Deere & Company (NYSE: DE ) reported fiscal fourth quarter earnings per share of $2.11, surpassing the Zacks Consensus Estimate of $1.89 • Lowe's Companies, Inc. (NYSE: LOW ) posted third quarter earnings per share of $0.47, a cent lower than the Zacks Consensus Estimate • The J.M. Smucker Company (NYSE: SJM ) reported second quarter earnings per share of $1.52, lower than the Zacks Consensus Estimate of $1.59 ADT CORP (ADT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report SMUCKER JM (SJM): 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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• ADT Corp (NYSE: ADT ) posted fourth quarter earnings per share of $0.46, a cent higher than the Zacks Consensus Estimate • Deere & Company (NYSE: DE ) reported fiscal fourth quarter earnings per share of $2.11, surpassing the Zacks Consensus Estimate of $1.89 • Lowe's Companies, Inc. (NYSE: LOW ) posted third quarter earnings per share of $0.47, a cent lower than the Zacks Consensus Estimate • The J.M. Smucker Company (NYSE: SJM ) reported second quarter earnings per share of $1.52, lower than the Zacks Consensus Estimate of $1.59 ADT CORP (ADT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report SMUCKER JM (SJM): 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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• ADT Corp (NYSE: ADT ) posted fourth quarter earnings per share of $0.46, a cent higher than the Zacks Consensus Estimate • Deere & Company (NYSE: DE ) reported fiscal fourth quarter earnings per share of $2.11, surpassing the Zacks Consensus Estimate of $1.89 • Lowe's Companies, Inc. (NYSE: LOW ) posted third quarter earnings per share of $0.47, a cent lower than the Zacks Consensus Estimate • The J.M. Smucker Company (NYSE: SJM ) reported second quarter earnings per share of $1.52, lower than the Zacks Consensus Estimate of $1.59 ADT CORP (ADT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LOWES COS (LOW): Free Stock Analysis Report SMUCKER JM (SJM): 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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722959.0
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2013-11-21 00:00:00 UTC
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John Deere Earnings Put Agribusiness ETFs in Focus - ETF News And Commentary
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https://www.nasdaq.com/articles/john-deere-earnings-put-agribusiness-etfs-in-focus-etf-news-and-commentary-2013-11-21
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Thanks to ever-expanding world population and technological needs for mechanized agriculture, the agriculture and forestry machinery industry is gaining immense strength. This trend is clearly visible as one of the world's largest agricultural equipment makers, Deere & Co ( DE ) , reported stronger-than-expected results and an upbeat outlook in its recent fiscal fourth quarter release.
The company expects robust sales from construction and forestry equipment that would offset the sluggish demand for agricultural machinery. This has spread optimism in the broad equipment sector heading toward the New Year suggesting that investors could take a look at this industry and the in-focus company (read: Reap Long Term Returns from These Agribusiness ETFs ).
The agriculture market is currently enduring the worst of sluggish global demand and a supply glut, weak emerging market currencies, and low crop prices due to a longer planting season. However, the machinery industry is benefiting from increasing economic activity, leading to growth in demand for industrial products.
Deere Earnings in Focus
Deere surpassed our estimates on both the top and bottom lines. Earnings per share came in at a record $2.11, comfortably beating the Zacks Consensus Estimate of $1.89 and above the year-ago earnings of $1.75. Though revenues fell 3% year over year to $9.45 billion, it strongly beat the Zacks Consensus Estimate of $8.8 billion.
The manufacturer provided a bullish outlook for the full fiscal year. Though the company expects equipment sales to drop 3% in fiscal 2014 on weak demand for agricultural machineries, construction and forestry equipment sales would grow much higher at 10% for the year in the wake of U.S. economic recovery and an increase in housing starts (read: Timber ETFs: The Best Housing Recovery Plays? ).
As such, net income is expected to be around $3.3 billion for fiscal 2014, down from $3.54 billion in fiscal 2013 but well ahead of the Street's expectation of $3.04 billion.
Market Impact
Driven by this earnings beat and the company's optimistic outlook, the shares of DE jumped over 3% initially but closed a little lower with a nearly 2% rise on Wednesday on elevated volumes. Given this, the following two ETFs could be worth a closer look by investors seeking to ride out the recent surge in the farm-machineries sector.
These products have the largest allocation to the big agricultural equipment maker and look to be in focus in the coming days with room for upside. The companies engaged in the farm-machinery business, including Deere, will benefit from an insatiable global food demand (see: all Materials ETFs here ).
ETFs to Consider
Market Vectors Agribusiness ETF ( MOO )
This fund provides exposure to the global agribusiness industry by tracking the Market Vectors Global Agribusiness Index. It is by far the most popular and liquid choice in the space with AUM of over $4.7 billion and average daily volume of nearly 322,000 shares. The ETF is one of the low cost choices in this space, charging 55 bps in annual fees.
In total, the fund holds 50 securities in its basket. Of these firms, DE takes the third spot, making up roughly 6.79% of the total assets. The product provides nice diversification across business segments with agricultural chemicals accounting for 44% share while farming/fishing (20%), and industrial engineering (19%) rounding off the next two spots.
In terms of country allocation, U.S. (48.3%), Canada (10.4%) and Switzerland (8.2%) occupy the top spots. The fund added nearly over 1% in the year-to-date time frame (read: 3 Commodity ETFs Surging Higher ).
iShares MSCI Global Agriculture Producers ETF ( VEGI )
This fund provides exposure to the firms of developed and emerging nations that are primarily engaged in the agricultural business at or near the initial phase of agricultural input and production. It follows the MSCI ACWI Select Agriculture Producers Investable Market Index and holds 125 securities in its basket.
Here again, Deere occupies the third position with 7.85% allocation. From a sector look, agricultural chemicals take the largest share at 52%, closely followed by farming/fishing (23%), and industrial engineering (17%). American firms dominate the fund's holding with 43.46% of total assets while Canada, Switzerland and Japan receive modest allocations.
The ETF is less popular and illiquid with $41.6 million in its asset base and around 12,000 shares in average daily volume. The ETF charges 39 bps in fees per year from investors. VEGI delivered almost flat returns in the year-to-date time frame.
Bottom Line
Both ETFs seem to be under pressure on the sluggish agricultural business environment. However, upbeat Deere's fourth quarter results and the positive outlook have laid a strong foundation for many firms in the sector.
Further, rising needs of better infrastructure, modernized methods of agriculture and growing complexity of mining/manufacturing methods would boost the demand for technologically advanced equipment in this industry (read: Time for This Top Ranked Industrial ETF? ).
Given this, investors could definitely take advantage of the current slowdown in the agricultural space as well as solid earnings results from equipment makers at the same time.
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DEERE & CO (DE): Free Stock Analysis Report
MKT VEC-AGRIBUS (MOO): ETF Research Reports
ISHARS-M GL AGR (VEGI): ETF Research Reports
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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This trend is clearly visible as one of the world's largest agricultural equipment makers, Deere & Co ( DE ) , reported stronger-than-expected results and an upbeat outlook in its recent fiscal fourth quarter release. Market Impact Driven by this earnings beat and the company's optimistic outlook, the shares of DE jumped over 3% initially but closed a little lower with a nearly 2% rise on Wednesday on elevated volumes. The company expects robust sales from construction and forestry equipment that would offset the sluggish demand for agricultural machinery.
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This trend is clearly visible as one of the world's largest agricultural equipment makers, Deere & Co ( DE ) , reported stronger-than-expected results and an upbeat outlook in its recent fiscal fourth quarter release. ETFs to Consider Market Vectors Agribusiness ETF ( MOO ) This fund provides exposure to the global agribusiness industry by tracking the Market Vectors Global Agribusiness Index. Click to get this free report >> DEERE & CO (DE): Free Stock Analysis Report MKT VEC-AGRIBUS (MOO): ETF Research Reports ISHARS-M GL AGR (VEGI): ETF Research Reports To read this article on Zacks.com click here.
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Though the company expects equipment sales to drop 3% in fiscal 2014 on weak demand for agricultural machineries, construction and forestry equipment sales would grow much higher at 10% for the year in the wake of U.S. economic recovery and an increase in housing starts (read: Timber ETFs: The Best Housing Recovery Plays? iShares MSCI Global Agriculture Producers ETF ( VEGI ) This fund provides exposure to the firms of developed and emerging nations that are primarily engaged in the agricultural business at or near the initial phase of agricultural input and production. Click to get this free report >> DEERE & CO (DE): Free Stock Analysis Report MKT VEC-AGRIBUS (MOO): ETF Research Reports ISHARS-M GL AGR (VEGI): ETF Research Reports To read this article on Zacks.com click here.
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This trend is clearly visible as one of the world's largest agricultural equipment makers, Deere & Co ( DE ) , reported stronger-than-expected results and an upbeat outlook in its recent fiscal fourth quarter release. The company expects robust sales from construction and forestry equipment that would offset the sluggish demand for agricultural machinery. These products have the largest allocation to the big agricultural equipment maker and look to be in focus in the coming days with room for upside.
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2013-11-20 00:00:00 UTC
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Stock Downgrades: Bidding Boeing Adieu, Farewell, Dubai
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https://www.nasdaq.com/articles/stock-downgrades-bidding-boeing-adieu-farewell-dubai-2013-11-20
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US stock markets were becalmed despite the best efforts of the Windy City. Market-friendly comments from its Fed head Charles Evans (no Jack, he is not one of those " Chicago guys ") failed to stop the S&P 500 Index (INDEXSP:.INX) from snapping its recent winning run. Indeed even Mr. Welch couldn't blame President Obama for yesterday's sluggish showing in equities, as he opted to spend the day schmoozing with Wall Street CEOs as opposed to journeying to Gettysburg . The notorious events on the 17th floor of New York's Lipstick Building were again in the news. An analyst puckered up to Estée Lauder ( EL ), which can afford the accent on its 'e' after recently trading to historic highs. And investors smooched with XO Group ( XOXO ), which hit a fresh peak in taking its 12-month increase to 94.53%. Clearly, a great kiss can pay dividends. Even after 75 years . Alas, looking for love in all the wrong places was a fellow from Staten Island who proposed at Best Buy ( BBY ). It tumbled 10.97% to lead all S&P 500 laggards.
In terms of economic events that may move US markets today, at 10:00 a.m. Eastern, we get both September business inventories and October existing home sales. At 2:00 p.m., minutes from the Federal Open Market Committee's October 30 meeting are released. Regarding specific stocks, ADT Corporation ( ADT ), Deere ( DE ), JC Penney (JCP), JM Smucker (SJM), L Brands (LTD), Lowe's Companies (LOW), and Staples (SPLS) are all due to release quarterly results.
Bank of America (BAC): Amid increasingly limited upside, Evercore pulls the stock from its Conviction Buy list, while still rating it Overweight overall.
Boeing (BA): The Dow (INDEXDJX:.DJI) member, fresh from scoring $100 billion worth of orders at the Dubai Air Show, gets cut to Perform from Outperform at Oppenheimer. Valuation issues loom increasingly large, the bank believes.
C.H. Robinson (CHRW): Deutsche Bank downgrades the stock to Hold from Buy.
Consolidated Edison (ED): The electric utility is now Hold from Buy at Argus.
Danske Bank (OTCMKTS:DNSKY): Société Générale slashes its fellow European financial firm to Sell from Hold.
Dick's Sporting Goods (DKS): Amid "mediocre" same-store-sales growth, BMO Capital moves the stock to Underperform from Market Perform.
Google (GOOG): Evercore removes Google stock from its Conviction Buy list. This is essentially a valuation call, with Google now basically at the broker's $1,100 price objective.
Medtronic (MDT): The medical device maker is moved to Hold from Buy at Argus due to market share erosion.
Twitter (NASDAQ: TWTR ): Stock in Twitter is currently trading lower after getting taken to Hold from Buy at Cantor Fitzgerald. The broker says Twitter's valuation is expensive relative to Facebook (FB).
WhiteHorseFinance (WHF): Shares, slumping of late, are lowered to Hold from Buy with Wunderlich, whose target price is $15.50.
Workday (WDAY): Cowen cuts the company to Market Perform from Outperform.
(See also: Stock Upgrades: Best Buy a Better Buy After Yesterday's Mauling? and New Stock Coverage: Green Mountain Coffee Fits to a Tee )
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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Market-friendly comments from its Fed head Charles Evans (no Jack, he is not one of those " Chicago guys ") failed to stop the S&P 500 Index (INDEXSP:.INX) from snapping its recent winning run. Indeed even Mr. Welch couldn't blame President Obama for yesterday's sluggish showing in equities, as he opted to spend the day schmoozing with Wall Street CEOs as opposed to journeying to Gettysburg . Boeing (BA): The Dow (INDEXDJX:.DJI) member, fresh from scoring $100 billion worth of orders at the Dubai Air Show, gets cut to Perform from Outperform at Oppenheimer.
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Medtronic (MDT): The medical device maker is moved to Hold from Buy at Argus due to market share erosion. US stock markets were becalmed despite the best efforts of the Windy City. Market-friendly comments from its Fed head Charles Evans (no Jack, he is not one of those " Chicago guys ") failed to stop the S&P 500 Index (INDEXSP:.INX) from snapping its recent winning run.
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Bank of America (BAC): Amid increasingly limited upside, Evercore pulls the stock from its Conviction Buy list, while still rating it Overweight overall. (See also: Stock Upgrades: Best Buy a Better Buy After Yesterday's Mauling? US stock markets were becalmed despite the best efforts of the Windy City.
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Bank of America (BAC): Amid increasingly limited upside, Evercore pulls the stock from its Conviction Buy list, while still rating it Overweight overall. Robinson (CHRW): Deutsche Bank downgrades the stock to Hold from Buy. Medtronic (MDT): The medical device maker is moved to Hold from Buy at Argus due to market share erosion.
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722961.0
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2013-11-20 00:00:00 UTC
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Earnings Reaction History: Deere & Company, 41.7% Follow-Through Indicator, 2.6% Sensitive
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https://www.nasdaq.com/articles/earnings-reaction-history-deere-company-417-follow-through-indicator-26-sensitive-2013-11
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Expected Earnings Release: 11/20/2013, Premarket
Avg. Extended-Hours Dollar Volume: $20,436,689
Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 0%
Average next regular session additional gain: 0%
There are no earnings events over the previous 12 quarters with extended-hours price reactions in this direction.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 62.5%
Average next regular session additional loss: 1.8%
Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 62.5% of the time (5 events) the stock dropped further, adding to the extended-hours losses by an average of 1.8% by the following regular session close.
Data provided by the MT Pro service at MTNewswires.com.
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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Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 0% Average next regular session additional gain: 0% There are no earnings events over the previous 12 quarters with extended-hours price reactions in this direction. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 62.5% Average next regular session additional loss: 1.8% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 62.5% of the time (5 events) the stock dropped further, adding to the extended-hours losses by an average of 1.8% by the following regular session close.
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Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 0% Average next regular session additional gain: 0% There are no earnings events over the previous 12 quarters with extended-hours price reactions in this direction. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 62.5% Average next regular session additional loss: 1.8% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 62.5% of the time (5 events) the stock dropped further, adding to the extended-hours losses by an average of 1.8% by the following regular session close.
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Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 0% Average next regular session additional gain: 0% There are no earnings events over the previous 12 quarters with extended-hours price reactions in this direction. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 62.5% Average next regular session additional loss: 1.8% Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 62.5% of the time (5 events) the stock dropped further, adding to the extended-hours losses by an average of 1.8% by the following regular session close. Extended-Hours Dollar Volume: $20,436,689 Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session.
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Extended-Hours Dollar Volume: $20,436,689 Deere & Company ( DE ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in DE indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
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42dfc644-1ce8-44ae-9a44-88167620bfe7
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722962.0
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2013-11-20 00:00:00 UTC
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Deere Shares Up on Record Earnings - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-shares-up-on-record-earnings-analyst-blog-2013-11-20
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nan
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nan
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Shares of Deere & Company ( DE ) went up 3.9% in pre-market trading session today as the company reported record net income for both the fourth quarter and fiscal 2013. Net income in the fourth quarter was $807 million, up 17% from $688 million in the prior-year quarter.
Fourth quarter earnings per share were reported at $2.11, up 21% from $1.75 per share earned in the prior-year quarter and way ahead of the Zacks Consensus Estimate of $1.89.
Operational Update
Deere's worldwide total sales decreased 3% year over year to $9.45 billion, beating the Zacks Consensus Estimate of $8.8 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $8.6 billion, down 5% year over year, including a price rise of 4%, offset by a 2% unfavorable currency translation Region-wise, equipment net sales were down 6% in the U.S. and Canada and 2% in rest of the world.
Cost of sales in the quarter declined 7% year over year to $6.33 billion. Gross profit during the quarter was $3.12 billion compared with $2.95 billion in the prior-year quarter. Selling, administrative and general expenses remained flat at $948 million. Operating profit improved 10% year over year to $1.76 billion.
Operating income of equipment operations rose 6% year over year to $1.11 billion as price realization helped offset the unfavorable effects of foreign-currency exchange, lower shipment volumes and a less favorable product mix.
Segment Performance
The Agriculture & Turf segment sales decreased 4% year over year to $7.1 billion, attributable to lower shipment volumes and negative currency translation, which offset benefits of price realization. Operating profit of the segment improved 7% year over year to $996 million.
The increase in operating profit was driven by improved price realization, which offset unfavorable effects of foreign-currency exchange, a less favorable product mix and lower shipment volumes.
Construction & Forestry sales dropped 8% year over year to $1.52 billion, due to lower shipment volumes, partially offset by price realization. The segment operating profit fell 2% year over year to $118 million due to lower shipment, higher selling, administrative and general expenses, mostly offset by price realization and lower production costs.
Net revenues at Deere's Financial Services operations were $699 million in the reported quarter, up 10% year over year. Net income in this segment was $157 million compared with $122 million in the year-ago quarter. The improvement stemmed from growth in the credit portfolio and higher crop insurance margins, partially offset by higher selling, administrative and general expenses.
Fiscal 2013 Performance
Deere reported earnings per share of $9.09 in fiscal 2013, up 19% from $7.63 in fiscal 2012 and above the Zacks Consensus Estimate of $8.86. Net income in fiscal 2013 was a record $3.5 billion compared with $3.1 billion in the prior fiscal. Revenues increased 5% to $37.8 billion, surpassing the Zacks Consensus Estimate of $35.3 billion.
Financial Position
As of Oct 31, 2013, Deere had cash and cash equivalents of $3.5 billion, down from $4.6 billion as of Oct 31, 2012. Long-term borrowings decreased to $21.6 billion as of Oct 31, 2013, from $22.4 billion as of Oct 31, 2012. Net cash flow provided by operating activities was $3.2 billion in fiscal 2013 compared with $1.17 billion in the prior year.
Looking Forward
Deere expects equipment sales to decrease around 2% year over year for the first quarter of fiscal 2014. For the full year, the company continues to expect equipment sales to decline 3%. Deere projects net income of $3.3 billion for fiscal 2014.
Segment-wise, Deere projects Agriculture and Turf equipment sales to decline 6% for fiscal 2014. Even though commodity prices and farm incomes are expected to remain at healthy levels in 2014, they will be lower than 2013, which will have a dampening effect on demand for large farm equipment.
Region-wise, Deere expects that industry farm machinery sales in the U.S. and Canada will decline 5% to 10% year over year in fiscal 2014. In Europe, sales are projected to be down 5% due to continued deterioration in the overall economy, lower commodity prices and farm incomes.
Sales in the Commonwealth of Independent States are expected to be moderately lower. Sales in Asia are expected to be up slightly year over year. Deere expects sales growth of turf and utility equipment in the U.S. and Canada to be about 5%, reflecting improved market conditions.
The company foresees global sales for Construction & Forestry equipment to advance about 10%, partly because of the recovery in the U.S. economy and an increase in housing starts. Global forestry sales are expected to be higher driven by economic growth and higher sales in European markets. Net income from Financial Services is estimated at around $600 million.
Our View
Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Even though USDA projects record net farm income for CY2013, farmer sentiment regarding capital goods purchases is becoming more conservative due to lower commodity prices. Deere will nevertheless benefit from recovery in construction sector. However, continued weakness in the European markets remains a concern.
Moline, IL-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally.
Deere currently holds a Zacks Rank #4 (Sell).
Stocks in the industrial products sector with a favorable Zacks Rank are XylemInc . ( XYL ) with a Zacks Rank #1, and Alamo Group, Inc. ( ALG ) and H&E Equipment Services Inc. ( HEES ), each with a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
H&E EQUIP SVCS (HEES): Free Stock Analysis Report
XYLEM INC (XYL): 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 Deere & Company ( DE ) went up 3.9% in pre-market trading session today as the company reported record net income for both the fourth quarter and fiscal 2013. Operational Update Deere's worldwide total sales decreased 3% year over year to $9.45 billion, beating the Zacks Consensus Estimate of $8.8 billion. Cost of sales in the quarter declined 7% year over year to $6.33 billion.
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ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report XYLEM INC (XYL): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Deere & Company ( DE ) went up 3.9% in pre-market trading session today as the company reported record net income for both the fourth quarter and fiscal 2013. Operational Update Deere's worldwide total sales decreased 3% year over year to $9.45 billion, beating the Zacks Consensus Estimate of $8.8 billion.
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Operational Update Deere's worldwide total sales decreased 3% year over year to $9.45 billion, beating the Zacks Consensus Estimate of $8.8 billion. Shares of Deere & Company ( DE ) went up 3.9% in pre-market trading session today as the company reported record net income for both the fourth quarter and fiscal 2013. Cost of sales in the quarter declined 7% year over year to $6.33 billion.
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Net revenues at Deere's Financial Services operations were $699 million in the reported quarter, up 10% year over year. Looking Forward Deere expects equipment sales to decrease around 2% year over year for the first quarter of fiscal 2014. Shares of Deere & Company ( DE ) went up 3.9% in pre-market trading session today as the company reported record net income for both the fourth quarter and fiscal 2013.
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d05203a8-f122-47aa-9185-72ebd4e85ca6
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722963.0
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2013-11-19 00:00:00 UTC
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Market Recap: Showdown at the Small-Cap Corral
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DE
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https://www.nasdaq.com/articles/market-recap-showdown-small-cap-corral-2013-11-19
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nan
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US equities struggled to remain unchanged or better today. In early trading, the S&P 500 (INDEXSP:.INX) traded down six points, but recovered into slightly positive territory shortly thereafter. Trading continued erratically throughout the rest of the afternoon and the S&P finished down 3.6 points. Equity breadth remained at a dismal 2.5:1 negative. The small-cap Russell 2000 (INDEXRUSSELL:RUT) continued its underperformance and was down 0.56%. European equity indices were all lower on the day; Italy and Spain were the worst performers, losing more than 1.5%.
JPMorgan ( JPM ) finalized its settlement with federal and state governments over its sales of mortgage bonds from acquired subsidiaries Bear Stearns and Washington Mutual. The New York Attorney General commented in a news conference this afternoon that the bank would pay $2 billion in civil penalties as part of the $13 billion deal. Additionally, the settlement would not protect the bank nor its employees from criminal charges. Bank stocks were the best-performing sector in the S&P 500 now that the concerns over future regulatory charges are alleviated.
The Office of Economic Co-Operation and Development (OECD) lowered its global growth forecast for 2013 to 2.7% from its prior forecast of 3.1% in May. For 2014, the growth forecast was lowered to 3.6% from 4%. The OECD cited slowdowns in emerging-market economies, particularly India and Brazil. In addition, the OECD also pushed for the ECB to ease policy further and the US Federal Reserve to keep an accommodative stance on monetary policy.
Home Depot ( HD ) reported earnings in the pre-market, solidly beating expectations. The company reported EPS of $0.95 vs. $0.90 expectations and revenues of $19.47 billion vs $19.18 billion expectations. In addition, the company raised its sales forecasts for the coming quarter and full year. However, management noted on the conference call that it foresees headwinds in the next quarter and the likelihood of margin pressure.
Tomorrow's Financial Outlook
Current Federal Reserve Chairman Ben Bernanke will give a speech at 7:00p.m. EST tonight to the Economists Club in Washington. It is possible that the speech may be a factor in tomorrow's trading.
US economic data should be a big market mover tomorrow. In the morning, the US will release October retail sales and consumer price indices. Consumer prices from a year ago are estimated to rise 1% after rising 1.2% in September. Retail sales are estimated to rise 0.1% from the prior month. Another market-moving event is the release of the minutes from the October FOMC meeting. Because some language over tightening financial conditions was removed from the statement, investors will be paying more attention than usual to the minutes.
Globally the only market-moving data comes from Japan. Japan will release its October trade balance and September all-industry activity index.
Notable US earnings reports tomorrow include Deere ( DE ), Lowe's ( LOW ), Staples ( SPLS ), and ADT (ADT). All are scheduled to report before the market opens.
Twitter: @Minyanville
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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JPMorgan ( JPM ) finalized its settlement with federal and state governments over its sales of mortgage bonds from acquired subsidiaries Bear Stearns and Washington Mutual. Tomorrow's Financial Outlook Current Federal Reserve Chairman Ben Bernanke will give a speech at 7:00p.m. In early trading, the S&P 500 (INDEXSP:.INX) traded down six points, but recovered into slightly positive territory shortly thereafter.
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In early trading, the S&P 500 (INDEXSP:.INX) traded down six points, but recovered into slightly positive territory shortly thereafter. The small-cap Russell 2000 (INDEXRUSSELL:RUT) continued its underperformance and was down 0.56%. JPMorgan ( JPM ) finalized its settlement with federal and state governments over its sales of mortgage bonds from acquired subsidiaries Bear Stearns and Washington Mutual.
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The New York Attorney General commented in a news conference this afternoon that the bank would pay $2 billion in civil penalties as part of the $13 billion deal. The Office of Economic Co-Operation and Development (OECD) lowered its global growth forecast for 2013 to 2.7% from its prior forecast of 3.1% in May. In early trading, the S&P 500 (INDEXSP:.INX) traded down six points, but recovered into slightly positive territory shortly thereafter.
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Japan will release its October trade balance and September all-industry activity index. In early trading, the S&P 500 (INDEXSP:.INX) traded down six points, but recovered into slightly positive territory shortly thereafter. The small-cap Russell 2000 (INDEXRUSSELL:RUT) continued its underperformance and was down 0.56%.
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20d5d30a-50a1-4def-ac3d-73899569c503
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722964.0
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2013-11-03 00:00:00 UTC
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Guru Stocks at 52-Week Lows: IBM, SO, DE, EXC, KOF
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DE
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https://www.nasdaq.com/articles/guru-stocks-52-week-lows-ibm-so-de-exc-kof-2013-11-03
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nan
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nan
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According to GuruFocus list of 52-week lows , these Guru stocks have reached their 52-week lows.
International Business Machines Corp ( IBM )
IBM reached the 52-Week Low of $179.23 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $179.23, which is 20.1% off the 52-week high of $215.90. International Business Machines Corp is owned by 34 Gurus we are tracking. Among them, 16 have added to their positions during the past quarter. 18 reduced their positions.
International Business Machines Corp has a market cap of $194.62 billion; its shares were traded at around $179.23 with a P/E ratio of 12.40 and P/S ratio of 1.98. The dividend yield of International Business Machines Corp stocks is 2.01%. International Business Machines Corp had an annual average earnings growth of 12.60% over the past 10 years. GuruFocus rated International Business Machines Corp the business predictability rank of 5-star .
IBM recently reported its second quarter 2013 financial results. The company announced diluted EPS of $3.68, up 11 percent from the second quarter of 2012. Net income was reported to be $4.0 billion, up 6 percent from the second quarter of 2012.
John Hussman bought 1,000 shares in the quarter that ended on Sept. 30, which is 0.01% of the $1.82 billion portfolio of Hussman Economtrics Advisors. Mark Hillman bought 4,603 shares in the quarter that ended on June 30, which is 1.2% of the $72 million portfolio of Hillman Capital Management. Richard Snow sold out his holdings in the quarter that ended on June 30. John Keeley sold out his holdings in the quarter that ended on June 30.
Director David Farr bought 1,000 shares of IBM stock on Aug. 27 at the average price of 182.8. David Farr owns at least 3,608 shares after this. The price of the stock has decreased by 1.95% since.
Southern Co ( SO )
Southern Co reached the 52-Week Low of $41.02
The prices of Southern Co ( SO ) shares have declined to close to the 52-week low of $41.02, which is 17.2% off the 52-week high of $48.74. Southern Co is owned by 3 Gurus we are tracking. Southern Co has a market cap of $35.85 billion; its shares were traded at around $41.02 with a P/E ratio of 22.20 and P/S ratio of 3.04. The dividend yield of Southern Co stocks is 4.91%. Southern Co had an annual average earnings growth of 3.60% over the past 10 years.
Southern Company recently reported third quarter 2013 earnings of $852 million, or 97 cents per share, compared with earnings of $976 million, or $1.11 per share, in the third quarter of 2012. For the nine months ended Sept. 30, 2013, Southern Company's earnings were $1.23 billion, or $1.41 per share, compared with earnings of $1.97 billion, or $2.26 per share, for the same period a year ago.
Ken Fisher owns 9,154 shares as of Sept. 30, an increase of 20.08% from the previous quarter. This position accounts for 0.0009% of the $40.58 billion portfolio of Fisher Asset Management, LLC.
Director William Smith bought 400 shares of SO stock on May 13 at the average price of 45.88. William Smith owns at least 6,391 shares after this. The price of the stock has decreased by 10.59% since.
Deere & Co ( DE )
Deere & Co reached the 52-Week Low of $81.64
The prices of Deere & Co ( DE ) shares have declined to close to the 52-week low of $81.64, which is 16.8% off the 52-week high of $95.60. Deere & Co is owned by 19 Gurus we are tracking. Among them, 9 have added to their positions during the past quarter. 10 reduced their positions.
Deere & Co has a market cap of $31.26 billion; its shares were traded at around $81.64 with a P/E ratio of 9.40 and P/S ratio of 0.84. The dividend yield of Deere & Co stocks is 2.44%. Deere & Co had an annual average earnings growth of 9.10% over the past 10 years. GuruFocus rated Deere & Co the business predictability rank of 3.5-star.
Deere & Co. recently reported its third quarter 2013 financial results. The company announced that its net income was $996.5 million, or $2.56 per share, for the third quarter ended July 31 st , compared with $788.0 million, or $1.98 per share, for the same period last year.
Robert Olstein owns 81,000 shares as of June 30, an increase of 55.77% from the previous quarter. This position accounts for 1.1% of the $624 million portfolio of Olstein All-Cap Value Fund. Ken Fisher sold out his holdings in the quarter that ended on Sept. 30. Ray Dalio sold out his holdings in the quarter that ended on 06/30/2013.
Senior Vice President & CFO Rajesh Kalathur sold 4,672 shares of DE stock on Aug. 23 at the average price of 82.99. Rajesh Kalathur owns at least 9,085 shares after this. The price of the stock has decreased by 1.63% since.
Exelon Corp ( EXC )
Exelon reached the 52-Week Low of $28.67
The prices of Exelon Corp ( EXC ) shares have declined to close to the 52-week low of $28.67, which is 27.0% off the 52-week high of $37.80. Exelon Corp is owned by 13 Gurus we are tracking. Among them, 5 have added to their positions during the past quarter. 9 reduced their positions.
Exelon Corp has a market cap of $24.56 billion; its shares were traded at around $28.67 with a P/E ratio of 15.40 and P/S ratio of 1.30. The dividend yield of Exelon Corp stocks is 5.82%. Exelon Corp had an annual average earnings growth of 4.40% over the past 10 years.
Exelon recently reported its third quarter 2013 financial results. The company's adjusted (non-GAAP) operating earnings increased to $0.78 per share in the third quarter of 2013 from $0.77 per share in the third quarter of 2012.
HOTCHKIS & WILEY owns 14,208,753 shares as of June 30, an increase of 23.43% from the previous quarter. This position accounts for 2.2% of the $20.06 billion portfolio of Hotchkis & Wiley Capital Management LLC.
Senior Officer Richard Joseph Galdi, sold 120,000 shares of EXC stock on May 21 at the average price of 0.01. Senior VP and Controller Duane M Desparte sold 8,250 shares of EXC stock on May 8 at the average price of 35.65. Duane M Desparte owns at least 4,619 shares after this. The price of the stock has decreased by 19.58% since.
Coca-Cola Femsa S.A.B. de C.V. ( KOF )
Coca-Cola Femsa reached the 52-Week Low of $120.78
The prices of Coca-Cola Femsa shares have declined to close to the 52-week low of $120.78, which is 35.2% off the 52-week high of $181.35. Coca-Cola Femsa is owned by 5 Gurus we are tracking. Among them, 1 has added to their positions during the past quarter. 3 reduced their positions.
Coca-Cola Femsa has a market cap of $24.52 billion; its shares were traded at around $120.78 with a P/E ratio of 13.70 and P/S ratio of 2.15. The dividend yield of Coca-Cola Femsa stocks is 0.90%. Coca-cola Femsa, S.a.b. De C.v. had an annual average earnings growth of 11.70% over the past 10 years. GuruFocus rated the company the business predictability rank of 4.5-star.
Bill Gates owns 6,214,719 shares as of 06/30/2013, which accounts for 4.9% of the $17.8 billion portfolio of Bill & Melinda Gates Foundation Trust. Tweedy Browne owns 772,663 shares as of 06/30/2013, which accounts for 2.7% of the $4 billion portfolio of Tweedy Browne CO LLC.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 .
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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Senior Vice President & CFO Rajesh Kalathur sold 4,672 shares of DE stock on Aug. 23 at the average price of 82.99. Senior VP and Controller Duane M Desparte sold 8,250 shares of EXC stock on May 8 at the average price of 35.65. International Business Machines Corp ( IBM ) IBM reached the 52-Week Low of $179.23 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $179.23, which is 20.1% off the 52-week high of $215.90.
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International Business Machines Corp ( IBM ) IBM reached the 52-Week Low of $179.23 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $179.23, which is 20.1% off the 52-week high of $215.90. Exelon Corp ( EXC ) Exelon reached the 52-Week Low of $28.67 The prices of Exelon Corp ( EXC ) shares have declined to close to the 52-week low of $28.67, which is 27.0% off the 52-week high of $37.80. Among them, 16 have added to their positions during the past quarter.
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International Business Machines Corp ( IBM ) IBM reached the 52-Week Low of $179.23 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $179.23, which is 20.1% off the 52-week high of $215.90. Among them, 16 have added to their positions during the past quarter. International Business Machines Corp has a market cap of $194.62 billion; its shares were traded at around $179.23 with a P/E ratio of 12.40 and P/S ratio of 1.98.
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For the nine months ended Sept. 30, 2013, Southern Company's earnings were $1.23 billion, or $1.41 per share, compared with earnings of $1.97 billion, or $2.26 per share, for the same period a year ago. International Business Machines Corp ( IBM ) IBM reached the 52-Week Low of $179.23 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $179.23, which is 20.1% off the 52-week high of $215.90. Among them, 16 have added to their positions during the past quarter.
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722965.0
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2013-10-31 00:00:00 UTC
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AGCO's Earnings Miss Estimates, Shares Fall - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agcos-earnings-miss-estimates-shares-fall-analyst-blog-2013-10-31
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nan
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nan
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Shares of AGCO Corporation ( AGCO ) fell 9% since the company reported its third-quarter 2013 earnings on Oct 29 and said that it expects global industry demand to be flat in 2013. Even though earnings improved 32% to $1.27 per share from the prior-year quarter, it missed the Zacks Consensus Estimate of $1.29.
Operational Updates
Revenues in the reported quarter increased 7.9% year over year to $2.5 billion and was in line with the Zacks Consensus Estimate. Excluding an unfavorable currency translation impact of 1.8%, net revenue increased approximately 9.7%. The top-line growth was mainly driven by strong market demand in South America and the Asia Pacific region.
Cost of sales increased 6% to $1.9 billion in the third quarter from $1.8 billion in the year-ago quarter. Gross profit in the reported quarter was $556 million, up 13% compared with $491 million in the prior-year quarter. Consequently, gross margin expanded 110 basis points (bps) year over year to 22.5% in the quarter.
Selling, general and administrative expenses amounted to $258 million, down 1.8% from the year-ago quarter. Segment income from operations increased 43% year over year to $199 million. Consequently, operating margin expanded 190 bps to 8% from the prior-year quarter.
Segment Performance
The North America segment's sales rose 9% year over year to $687 million in the quarter led by increased sales of high horsepower tractors, sprayers and implements. The segment's income from operations improved 30% to $78 million from $60 million attributed to higher sales, a favorable product mix and margin improvement initiatives.
Sales in the South America segment went up 19% year over year to $572 million in the reported quarter, driven by increased sales in Brazil and Argentina. Income from operations for the segment increased 60% year over year to $71.9 million. Higher sales and the benefit of cost reduction initiatives contributed to the year-over-year growth.
The EAME (Europe/ Africa/ Middle East) segment's sales were $1,086 million, up 2% from the year-ago quarter. The EAME operating income grew 20% year over year to $98.4 million.
Sales in the Asia/Pacific segment rose 7% year over year to $130.6 million from $122.4 million. The segment reported a loss from operations of $2.6 million against the year-ago profit of $3.8 million.
Financial Update
As of Sep 30, 2013, cash and temporary investments amounted to $620.5 million versus $781.3 million as of Dec 31, 2012. As of Sep 30, 2013 long-term debt declined to $1.0 billion compared with $1.03 billion as of Dec 31, 2012. Debt-to-capitalization ratio decreased to 22% as of Sep 30, 2013, from 24% as of Dec 31, 2012.
Cash from operations for the nine-month period ended Sep 30, 2013, was $169 million, while cash used in operating activities was $33.2 million in the year-ago comparable period.
Outlook
AGCO reiterated its full-year 2013 earnings per share guidance of $6.00. The company also maintained full-year revenue band of $10.8-$11 billion. Strong growth in South America and modest growth in North America is expected to be offset by modest declines in Western Europe. Global industry demand is expected to be relatively flat in 2013 compared to 2012.
AGCO also expects gross margin to improve in 2013 compared with 2012, but will be somewhat affected by increased market development expenses, and higher engineering expenditures to meet Tier 4 final emission requirements. The company also projects capital expenditures to be in the $400-$425 million range and free cash flow to be in the band of $200-$250 million.
Our View
AGCO will benefit from strong free cash flow and its focus on earnings growth. The long-term outlook for the farming industry is also compelling. AGCO's continuous focus on strategic investments in production facilities and higher technology products will improve efficiency.
The company remains committed to plans of expanding its business in international markets. In September, AGCO entered into a 50-50 joint venture to manufacture and distribute agricultural equipment and replacement parts in Russia.
In late September, AGCO purchased Johnson System Inc., a leader in structural steel manufacturing having a focus on the agricultural industry. AGCO will benefit from Johnson System's experience in the grain handling business and its full range of reputed products and custom-design options that can meet the unique and specific needs of any project.
Duluth, GA-based AGCO is a global leader involved in the design, manufacture and distribution of agricultural machinery. AGCO supports productive farming through a wide range of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, and other related replacement parts.
AGCO currently retains a short-term Zacks Rank #2 (Buy). Deere & Co ( DE ) also belongs to the machinery and farming industry and holds a Zacks Rank #2 (Buy).
Among AGCO's peers, Briggs & Stratton Corp. ( BGG ) reported adjusted loss per share of 35 cents for first-quarter fiscal 2014. This compares unfavorably with the Zacks Consensus Estimate of loss per share of 31 cents and 28 cents loss in the year-ago quarter. Another competitor, Alamo Group, Inc. ( ALG ) is expected to announce its third-quarter results on Nov 7. The Zacks Consensus Estimate currently stands at 80 cents, reflecting annual growth of 11.97%.
AGCO CORP (AGCO): Free Stock Analysis Report
ALAMO GROUP INC (ALG): Free Stock Analysis Report
BRIGGS & STRATT (BGG): Free Stock Analysis Report
DEERE & CO (DE): 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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AGCO also expects gross margin to improve in 2013 compared with 2012, but will be somewhat affected by increased market development expenses, and higher engineering expenditures to meet Tier 4 final emission requirements. In late September, AGCO purchased Johnson System Inc., a leader in structural steel manufacturing having a focus on the agricultural industry. AGCO will benefit from Johnson System's experience in the grain handling business and its full range of reputed products and custom-design options that can meet the unique and specific needs of any project.
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AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report BRIGGS & STRATT (BGG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AGCO Corporation ( AGCO ) fell 9% since the company reported its third-quarter 2013 earnings on Oct 29 and said that it expects global industry demand to be flat in 2013. The top-line growth was mainly driven by strong market demand in South America and the Asia Pacific region.
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AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report BRIGGS & STRATT (BGG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of AGCO Corporation ( AGCO ) fell 9% since the company reported its third-quarter 2013 earnings on Oct 29 and said that it expects global industry demand to be flat in 2013. The top-line growth was mainly driven by strong market demand in South America and the Asia Pacific region.
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Shares of AGCO Corporation ( AGCO ) fell 9% since the company reported its third-quarter 2013 earnings on Oct 29 and said that it expects global industry demand to be flat in 2013. The top-line growth was mainly driven by strong market demand in South America and the Asia Pacific region. Consequently, gross margin expanded 110 basis points (bps) year over year to 22.5% in the quarter.
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00fddbcd-7b41-44ed-b65a-729dc2d91ee0
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722966.0
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2013-10-30 00:00:00 UTC
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Investing in Robots (ROBO, DDD, IRBT, OII, DE)
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DE
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https://www.nasdaq.com/articles/investing-robots-robo-ddd-irbt-oii-de-2013-10-30
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Have you ever wanted to invest in your own robot? Maybe a maid to clean your house like Rosie from The Jetsons?
The idea sounds far-fetched and it may be in 2013, however there are robotics being used all around the globe by individuals and corporations to improve production and output.
The ROBO-STOX Global Robotics & Automation ETF (NYSE: ROBO ) was launched this week and offers investors the first opportunity to invest money in robot-related companies.
Related: ETF Outlook for October 30, 2013
According to the ETF provider, ROBO tracks the first index to benchmark the value of robotics, automation, and related technologies. Because there are only a few pure-play robotics companies the index expands to include companies that have ties to the above-mentioned niche sectors.
There are currently 77 stocks that make up the ETF with 20 of them considered the bellwether companies.
Some of the more popular names include 3D Systems (NYSE: DDD ), a maker of 3-D printing systems and iRobot (NASDAQ: IRBT ), the maker of the self-cleaning vacuum the Roomba.
Along with the names investors would assume are in a robotics ETF, there are a few names that may stand out. Energy company, Oceaneering (NYSE: OII ) and machinery maker Deere & Co. (NYSE: DE ) are two such names that are not often tied to robotics.
A positive is that the largest holding in the ETF only makes up 2.2 percent of the allocation, giving investors diversification in the area.
The U.S. accounts for 36 percent of the portfolio with Japan making up 25 percent. Because the companies are often narrowly focused, 80 percent of the stocks in the ETF fall into either the small-cap or mid-cap asset class.
How much money ROBO is able to attract and how well it will perform is yet to be seen, but it sure will raise some eyebrows in the coming weeks. From a pure investment viewpoint the makeup of the ETF looks attractive and the only potential red flag is the above-average expense ratio of 0.95 percent.
(c) 2013 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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The idea sounds far-fetched and it may be in 2013, however there are robotics being used all around the globe by individuals and corporations to improve production and output. Related: ETF Outlook for October 30, 2013 According to the ETF provider, ROBO tracks the first index to benchmark the value of robotics, automation, and related technologies. Because there are only a few pure-play robotics companies the index expands to include companies that have ties to the above-mentioned niche sectors.
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Some of the more popular names include 3D Systems (NYSE: DDD ), a maker of 3-D printing systems and iRobot (NASDAQ: IRBT ), the maker of the self-cleaning vacuum the Roomba. The idea sounds far-fetched and it may be in 2013, however there are robotics being used all around the globe by individuals and corporations to improve production and output. Related: ETF Outlook for October 30, 2013 According to the ETF provider, ROBO tracks the first index to benchmark the value of robotics, automation, and related technologies.
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Related: ETF Outlook for October 30, 2013 According to the ETF provider, ROBO tracks the first index to benchmark the value of robotics, automation, and related technologies. Energy company, Oceaneering (NYSE: OII ) and machinery maker Deere & Co. (NYSE: DE ) are two such names that are not often tied to robotics. The idea sounds far-fetched and it may be in 2013, however there are robotics being used all around the globe by individuals and corporations to improve production and output.
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There are currently 77 stocks that make up the ETF with 20 of them considered the bellwether companies. The idea sounds far-fetched and it may be in 2013, however there are robotics being used all around the globe by individuals and corporations to improve production and output. Related: ETF Outlook for October 30, 2013 According to the ETF provider, ROBO tracks the first index to benchmark the value of robotics, automation, and related technologies.
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26b6de31-ffbe-4db4-9a70-7fcd4bc2bfc0
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722967.0
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2013-10-23 00:00:00 UTC
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Invest in Robotics with This New ETF - ETF News And Commentary
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https://www.nasdaq.com/articles/invest-robotics-new-etf-etf-news-and-commentary-2013-10-23
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Although many new ETFs have followed a 'back-to-basics' approach lately-focusing on segments like dividends, IPOs, or bonds-there are still a few ETF providers that are bringing fresh ideas to market. This includes the latest such launch under the 'Exchange-Traded Concepts' umbrella, with the ROBO-STOX Global Robotics and Automation Index ETF (ROBO) .
This brand new fund looks to zero in on the quickly growing-and increasingly ubiquitous-segment of robotics and automation by tracking the ROBO-STOX Global Robotics and Automation Index. This benchmark looks to invest in companies that have some aspect of their business that is derived from robotics-related and/or automation-related products or services, as determined by the index committee.
According to the fund prospectus, the index breaks this down into four general categories: industrial robots, service robots for government or corporate use, service robots for personal use, and ancillary businesses related to robotics and automation (see all the technology ETFs here ).
Some examples of the types of products that fall into this robotics/automation theme include the following: unmanned vehicles, software that enables virtualized product design and implementation, three-dimensional printers, navigation systems, and medical robots or robotic instruments.
ROBO ETF in Focus
Investors should note that the product charges a somewhat steep 95 basis points a year in fees for this product, putting it at the top of the cost list for unleveraged funds. However, it clearly does provide a unique type of exposure, so there is definitely some merit to this high cost.
The product also has an interesting mix of 'bellwether' and 'non-bellwether' stocks. Bellwether companies are indicative of the performance of the segment, while non-bellwether firms have some aspect of their business in robotics, but don't rely entirely on the space for their revenues.
ROBO looks to put 40% of its portfolio in the bellwethers, and 60% into the non-bellwethers, though each individual 'bellwether' stock will make up about 2.2% of the index, compared to just over 1% for the non-bellwether firms (read Alternative ETF Weighting Methodologies 101 ).
In total, the ETF will hold about 77 stocks in its basket, putting heavy weights into the U.S. (36.4%), Japan (24.7%), and then German and Taiwanese (6.5% each) companies. For sector exposure, some of the top segments include industrials (50%), technology (31.6%), and health care (9.5%).
Holdings have a definite skew towards mid and small cap stocks in this segment, as large caps make up just 20% of the total. This means that most of the names in the product are probably unknown to many investors, though some of the most famous initial holdings include components like 3D Systems ( DDD ) and iRobot ( IRBT ) (for bellwethers), and then Deere (DE) and Siemens AG for non-bellwethers.
How does it fit in a portfolio?
This ETF could be an ideal choice for those seeking a play on a high growth industry that has both proven itself, and has plenty of room left to run. The trend towards greater levels of automation is clear, so this could be a top choice if this continues (see all the top ranked ETFs here ).
However, the product is definitely more of a tactical play, and with its high cost, is unlikely to be a good pick for fee-focused investors. There are also a lot of names-in the 'non-bellwether' section-that might dull the return for the overall space, or could even not be that representative of the overall trends in the industry, though this is clearly the best option currently on the market.
Competition and Bottom Line
There aren't any real competitors to ROBO, as the product is quite unique. There are, however, a couple of niche ETFs currently on the market that may attract a similar type of investor (though none follow the robotics segment in particular).
These include the Global X Social Media Index ETF ( SOCL ) and the First Trust ISE Cloud Computing Index Fund ( SKYY ) . Both of these funds have done very well in terms of performance in 2013, and have accumulated a decent level of assets to boot (also see 5 Clean Energy ETFs Leading the Sector's Surge ).
Plus, they have a targeted niche focus in a high growth industry, so investors may consider these instead of ROBO. This is particularly the case from an expense ratio perspective, as both funds cost at least 30 basis points less than the new Robotics ETF.
Given this, ROBO might have some difficulty in building up assets, at least initially. Though if the fund can deliver some outperformance, and if the robotics industry remains strong, investors could definitely embrace this novel ETF for a slice of their portfolios.
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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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This means that most of the names in the product are probably unknown to many investors, though some of the most famous initial holdings include components like 3D Systems ( DDD ) and iRobot ( IRBT ) (for bellwethers), and then Deere (DE) and Siemens AG for non-bellwethers. Both of these funds have done very well in terms of performance in 2013, and have accumulated a decent level of assets to boot (also see 5 Clean Energy ETFs Leading the Sector's Surge ). Although many new ETFs have followed a 'back-to-basics' approach lately-focusing on segments like dividends, IPOs, or bonds-there are still a few ETF providers that are bringing fresh ideas to market.
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This includes the latest such launch under the 'Exchange-Traded Concepts' umbrella, with the ROBO-STOX Global Robotics and Automation Index ETF (ROBO) . Although many new ETFs have followed a 'back-to-basics' approach lately-focusing on segments like dividends, IPOs, or bonds-there are still a few ETF providers that are bringing fresh ideas to market. This brand new fund looks to zero in on the quickly growing-and increasingly ubiquitous-segment of robotics and automation by tracking the ROBO-STOX Global Robotics and Automation Index.
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According to the fund prospectus, the index breaks this down into four general categories: industrial robots, service robots for government or corporate use, service robots for personal use, and ancillary businesses related to robotics and automation (see all the technology ETFs here ). Although many new ETFs have followed a 'back-to-basics' approach lately-focusing on segments like dividends, IPOs, or bonds-there are still a few ETF providers that are bringing fresh ideas to market. This includes the latest such launch under the 'Exchange-Traded Concepts' umbrella, with the ROBO-STOX Global Robotics and Automation Index ETF (ROBO) .
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According to the fund prospectus, the index breaks this down into four general categories: industrial robots, service robots for government or corporate use, service robots for personal use, and ancillary businesses related to robotics and automation (see all the technology ETFs here ). However, it clearly does provide a unique type of exposure, so there is definitely some merit to this high cost. ROBO looks to put 40% of its portfolio in the bellwethers, and 60% into the non-bellwethers, though each individual 'bellwether' stock will make up about 2.2% of the index, compared to just over 1% for the non-bellwether firms (read Alternative ETF Weighting Methodologies 101 ).
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722968.0
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2013-10-08 00:00:00 UTC
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Guru Stocks at 52-Week Lows: IBM, T, SO, DE, CCL
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DE
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https://www.nasdaq.com/articles/guru-stocks-52-week-lows-ibm-t-so-de-ccl-2013-10-08
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According to GuruFocus list of 52-week lows , these Guru stocks have reached their 52-week lows.
International Business Machines Corp ( IBM ) Reached the 52-Week Low of $182.01
The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $182.01, which is 16.1% off the 52-week high of $215.9. International Business Machines Corp is owned by 32 Gurus we are tracking. Among them, 14 have added to their positions during the past quarter. Eighteen reduced their positions.
International Business Machines Corp has a market cap of $199.38 billion; its shares were traded at around $182.01 with a P/E ratio of 12.92 and P/S ratio of 2.01. The dividend yield of International Business Machines Corp stocks is 1.98%. International Business Machines Corp had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated International Business Machines Corp the business predictability rank of 5-star .
IBM recently reported its second quarter 2013 financial results. The company announced diluted EPS of $2.91, down 13% from financial results for the second quarter of 2012. Net income was $3.2 billion for the quarter.
Mark Hillman bought 4,603 shares in the quarter that ended on 06/30/2013, which is 1.2% of the $72 million portfolio of Hillman Capital Management. Prem Watsa bought 1,200 shares in the quarter that ended on 06/30/2013, which is 0.0092% of the $2.48 billion portfolio of Fairfax Financial Holdings. Meryl Witmer bought 2,700 shares in the quarter that ended on 06/30/2013, which is 0.0028% of the $18.68 billion portfolio of .
Director David N. Farr bought 1,000 shares of IBM stock on 08/27/2013 at the average price of $182.8. David N. Farr owns at least 3,608 shares after this. The price of the stock has decreased by 0.43% since.
AT&T Inc ( T ) Reached the 52-Week Low of $34.00
The prices of AT&T Inc ( T ) shares have declined to close to the 52-week low of $34.00, which is 16.1% off the 52-week high of $39. AT&T Inc is owned by 17 Gurus we are tracking. Among them, seven have added to their positions during the past quarter. 12 reduced their positions. At&t Inc has a market cap of $180.57 billion; its shares were traded at around $34.00 with a P/E ratio of 25.13 and P/S ratio of 1.49. The dividend yield of At&t Inc stocks is 5.26%. At&t Inc had an annual average earnings growth of 3.9% over the past 10 years.
AT&T recently reported its second quarter 2013 financial results. The company announced $0.71 diluted EPS compared to $0.66 diluted EPS in the second quarter of 2012, up 7.6 percent.
Ruane Cunniff bought 5,650 shares in the quarter that ended on 06/30/2013, which is 0.0013% of the $15.53 billion portfolio of Ruane & Cunniff & Goldfarb. John Hussman sold out his holdings in the quarter that ended on 06/30/2013.
Director Michael B McCallister bought 9,000 shares of T stock on 07/30/2013 at the average price of 35.44. Michael B. McCallister owns at least 9,290 shares after this. The price of the stock has decreased by 4.06% since.
Southern Co. ( SO ) Reached the 52-Week Low of $40.49
The prices of Southern Co. ( SO ) shares have declined to close to the 52-week low of $40.49, which is 17.2% off the 52-week high of $48.74. Southern Co. is owned by three Gurus we are tracking. Among them, three have added to their positions during the past quarter. Southern Co. has a market cap of $35.38 billion; its shares were traded at around $40.49 with a P/E ratio of 20.45 and P/S ratio of 2.10. The dividend yield of Southern Co. stocks is 4.93%. Southern Co. had an annual average earnings growth of 3.5% over the past 10 years.
Ken Fisher owns 7,623 shares as of 06/30/2013, an increase of 10.57% from the previous quarter. This position accounts for 0.0009% of the $38.51 billion portfolio of Fisher Asset Management LLC.
Director William G. Smith Jr. bought 400 shares of SO stock on 05/13/2013 at the average price of 45.88. William G. Smith Jr. owns at least 6,391 shares after this. The price of the stock has decreased by 11.75% since.
Deere & Co ( DE ) Reached the 52-Week Low of $82.46
The prices of Deere & Co ( DE ) shares have declined to close to the 52-week low of $82.46, which is 16.8% off the 52-week high of $95.6. Deere & Co is owned by 19 Gurus we are tracking. Among them, nine have added to their positions during the past quarter. Nine reduced their positions.
Deere & Co has a market cap of $31.57 billion; its shares were traded at around $82.46 with a P/E ratio of 9.46 and P/S ratio of 0.85. The dividend yield of Deere & Co stocks is 2.41%. Deere & Co had an annual average earnings growth of 9.1% over the past 10 years. GuruFocus rated Deere & Co the business predictability rank of 3.5-star.
Deere & Co. recently reported its third quarter 2013 financial results. For the first nine months of the year, net income attributable to Deere & Company was $2.730 billion, or $6.97 per share, compared with $2.377 billion, or $5.88 per share, last year.
Robert Olstein owns 81,000 shares as of 06/30/2013, an increase of 55.77% from the previous quarter. This position accounts for 1.1% of the $624 million portfolio of Olstein All-Cap Value Fund. Scott Black owns 122,245 shares as of 06/30/2013, an increase of 16.14% from the previous quarter. This position accounts for 1.2% of the $839 million portfolio of Delphi Management Inc.
Senior Vice President & CFO Rajesh Kalathur sold 4,672 shares of DE stock on 08/23/2013 at the average price of 82.99. Rajesh Kalathur owns at least 9,085 shares after this. The price of the stock has decreased by 0.64% since.
Carnival Corporation ( CCL ) Reached the 52-Week Low of $32.19
The prices of Carnival Corporation ( CCL ) shares have declined to close to the 52-week low of $32.19, which is 19.7% off the 52-week high of $39.95. Carnival Corporation is owned by 15 Gurus we are tracking. Among them, 11 have added to their positions during the past quarter. Five reduced their positions. Carnival Corporation has a market cap of $26 billion; its shares were traded at around $32.19 with a P/E ratio of 22.62 and P/S ratio of 1.63. The dividend yield of Carnival Corporation stocks is 3.11%. Carnival Corporation had an annual average earnings growth of 3.6% over the past 10 years.
David Tepper bought 1,780,049 shares in the quarter that ended on 06/30/2013, which is 0.88% of the $6.92 billion portfolio of Appaloosa Management LP. James Barrow owns 25,384,848 shares as of 06/30/2013, which accounts for 1.5% of the $59.52 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Julian Robertson owns 9,950 shares as of 06/30/2013, which accounts for 0.043% of the $788 million portfolio of Tiger Management. HOTCHKIS & WILEY owns 1,102,547 shares as of 06/30/2013, which accounts for 0.19% of the $20.06 billion portfolio of Hotchkis & Wiley Capital Management LLC.
President and CEO, CCL Gerald Raymond Cahill sold 30,000 shares of CCL stock on 07/29/2013 at the average price of $37.14. Gerald Raymond Cahill owns at least 125,436 shares after this. The price of the stock has decreased by 13.33% since.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 .
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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Prem Watsa bought 1,200 shares in the quarter that ended on 06/30/2013, which is 0.0092% of the $2.48 billion portfolio of Fairfax Financial Holdings. This position accounts for 1.2% of the $839 million portfolio of Delphi Management Inc. Senior Vice President & CFO Rajesh Kalathur sold 4,672 shares of DE stock on 08/23/2013 at the average price of 82.99. David Tepper bought 1,780,049 shares in the quarter that ended on 06/30/2013, which is 0.88% of the $6.92 billion portfolio of Appaloosa Management LP.
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International Business Machines Corp ( IBM ) Reached the 52-Week Low of $182.01 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $182.01, which is 16.1% off the 52-week high of $215.9. Carnival Corporation ( CCL ) Reached the 52-Week Low of $32.19 The prices of Carnival Corporation ( CCL ) shares have declined to close to the 52-week low of $32.19, which is 19.7% off the 52-week high of $39.95. Among them, 14 have added to their positions during the past quarter.
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International Business Machines Corp ( IBM ) Reached the 52-Week Low of $182.01 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $182.01, which is 16.1% off the 52-week high of $215.9. For the first nine months of the year, net income attributable to Deere & Company was $2.730 billion, or $6.97 per share, compared with $2.377 billion, or $5.88 per share, last year. This position accounts for 1.2% of the $839 million portfolio of Delphi Management Inc. Senior Vice President & CFO Rajesh Kalathur sold 4,672 shares of DE stock on 08/23/2013 at the average price of 82.99.
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Deere & Co is owned by 19 Gurus we are tracking. The price of the stock has decreased by 13.33% since.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. International Business Machines Corp ( IBM ) Reached the 52-Week Low of $182.01 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $182.01, which is 16.1% off the 52-week high of $215.9.
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722969.0
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2013-10-07 00:00:00 UTC
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What to Expect from Deere's Sept Sales - Analyst Blog
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https://www.nasdaq.com/articles/what-to-expect-from-deeres-sept-sales-analyst-blog-2013-10-07
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Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) will report its retail sales for September this week following the monthly announcement of industry sales by the Association of Equipment Manufacturers ("AEM").
As is the practice, Deere will provide its comments about the AEM data and other information regarding retail sales of the company's farm machinery, selected turf & utility equipment, and construction equipment.
In early September, Deere announced mixed retail sales for August. Sales of row crop tractors and combines outperformed the industry, while sales for utility tractors and four-wheel drive failed to match the industry performance. Deere's reported inventory levels were lower than the industry for all its product segments.
Deere's performance was better than that of Caterpillar Inc. ( CAT ). Sales growth for the construction and mining equipment continued to be in the red with a decline of 10% in August, the ninth consecutive month of decline.
In the third quarter of fiscal 2013, Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion as well as the company's guidance of sales growth of about 3%. Farm equipment manufacturers Alamo Group Inc. ( ALG ) and AGCO Corp. ( AGCO ) also delivered record results, beating expectations, reflecting steady demand for its agricultural equipment.
For the fourth quarter of fiscal 2013, Deere expects equipment sales to decrease around 5% year over year. Deere had witnessed strong sales in the fourth-quarter of fiscal 2012 as factories were running full steam to meet customer orders. This puts the fourth quarter of fiscal 2013 against a tough comparison. However, despite this the company expects a third consecutive year of record results.
Before the federal government shut down, manufacturing unexpectedly picked up in September. The Institute for Supply Management's ("ISM") factory index rose to 56.2 from 55.7 a month earlier - the strongest growth exhibited since Apr 2011.
As per the ISM, manufacturing had contracted in May, as government spending cuts and weaker global demand caused headwinds for the U.S. companies. However, the manufacturing index has remained above 50 (which indicates expansion) every month since then, kindling hopes in the manufacturing sector.
The recovery in housing is also spurring demand for construction machinery. This suggests positive September results for Deere. Furthermore, Deere's sales will continue to benefit from investment in new products and capacity as well as continuing strong demand for agricultural machinery.
However, continuing weakness in European markets, soft conditions in the U.K. farm sector and rising competition are expected to remain headwinds. Deere currently retains a Zacks Rank #3 (Hold).
AGCO CORP (AGCO): Free Stock Analysis Report
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis 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 had witnessed strong sales in the fourth-quarter of fiscal 2012 as factories were running full steam to meet customer orders. The Institute for Supply Management's ("ISM") factory index rose to 56.2 from 55.7 a month earlier - the strongest growth exhibited since Apr 2011. Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) will report its retail sales for September this week following the monthly announcement of industry sales by the Association of Equipment Manufacturers ("AEM").
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Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) will report its retail sales for September this week following the monthly announcement of industry sales by the Association of Equipment Manufacturers ("AEM"). Farm equipment manufacturers Alamo Group Inc. ( ALG ) and AGCO Corp. ( AGCO ) also delivered record results, beating expectations, reflecting steady demand for its agricultural equipment. AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) will report its retail sales for September this week following the monthly announcement of industry sales by the Association of Equipment Manufacturers ("AEM"). In the third quarter of fiscal 2013, Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion as well as the company's guidance of sales growth of about 3%. AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) will report its retail sales for September this week following the monthly announcement of industry sales by the Association of Equipment Manufacturers ("AEM"). However, the manufacturing index has remained above 50 (which indicates expansion) every month since then, kindling hopes in the manufacturing sector. Furthermore, Deere's sales will continue to benefit from investment in new products and capacity as well as continuing strong demand for agricultural machinery.
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2013-10-07 00:00:00 UTC
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Billionaire Birdsong: Warren Buffett's Lowest PE Stocks
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https://www.nasdaq.com/articles/billionaire-birdsong-warren-buffetts-lowest-pe-stocks-2013-10-07
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Here's a look at Warren Buffett's cheap but quality companies with the lowest price over earnings ratios. According to GuruFocus research, Warren Buffett 's Berkshire Hathaway Inc. ( BRK.A )( BRK.B ) currently holds three stocks with P/Es under 10.0, as of June 30, 2013.
Most notable is the Phillips 66 ( PSX ) drop in Buffett's one year of holding.
Phillips 66 ( PSX )
Predictability: Not Rated
Up 27% over 12 months, Phillips 66 has a market cap of $35.61 billion; its shares were traded at around $58.28. The P/E ratio is 7.90.
Phillips 66 is a downstream energy company. The company's segments include: Refining and Marketing (R&M), Midstream, and Chemicals. The Phillips 66 chemicals business is conducted through its 50% interest in Chevron Phillips Chemical Company LLC.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Warren Buffett 's Berkshire Hathaway Inc. holds 27,163,918 shares, valued at around $1.60 billion, and a portfolio weight of 1.8%.
In the second quarter of 2013, Berkshire Hathaway took a loss 7.1% on the holding of 27,163,918 shares bought at an average price of $62.83.
Since the second quarter of 2012, Berkshire made a gain of 78% on the holding of 27,163,918 shares bought at an average price of $32.76.
Liberty Media Corporation ( LMCA )
Predictability: Not Rated
Up 36% over 12 months, Liberty Media Corporation has a market cap of $17.81 billion; its shares were traded at around $147.74. The P/E ratio is 2.20.
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests include subsidiaries Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and interest in SiriusXM, Live Nation and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Warren Buffett's Berkshire Hathaway Inc. holds 5,622,340 shares, valued at around $712.6 million, and a portfolio weight of 0.8%.
In second quarter Berkshire Hathaway Inc. gained 23.8% on the holding of 5,622,340 shares at an average price of $119.32.
Deere & Co. ( DE )
Predictability: 3.5 out of 5 Stars
Up 0 % over 12 months, Deere & Co. has a market cap of $31.68 billion; its shares were traded at around $82.74. The P/E ratio is 9.50.
Incorporated in 1958, Deere & Company is a provider of advanced products and services for agriculture and forestry, and a major provider of advanced products and services for construction, lawn and turf care, landscaping and irrigation. The company and its subsidiaries have operations which are categorized in three business segments: agriculture and turf; construction and forestry, and credit.
Historical share pricing, revenue and net income:
Guru Action: As of June 30, 2013, Warren Buffett's Berkshire Hathaway Inc. holds
3,978,767 shares, valued at around $323 million, and a portfolio weight of 0.36%.
In second quarter Berkshire took a loss of 4.5% on the holding of 3,978,767 shares at an average price of $86.44.
Since the third quarter of 2012, Berkshire Hathaway Inc. had a gain of 6% on 3,978,767 shares bought at an average price of $78.10 per share.
Have a look at Warren Buffett's other lowest P/E stocks.
In a recent update from GuruFocus, the Berkshire Hathaway portfolio lists 42 stocks, two of them new, and a total value of $89.03 billion with a quarter-over-quarter turnover of 3%. Warren Buffett is called "The Oracle of Omaha" and is the most successful investor in history.
Here is the complete portfolio of Berkshire Hathaway Inc.
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Check out the GuruFocus special feature52-week low screenerto find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
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 .
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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According to GuruFocus research, Warren Buffett 's Berkshire Hathaway Inc. ( BRK.A )( BRK.B ) currently holds three stocks with P/Es under 10.0, as of June 30, 2013. Phillips 66 ( PSX ) Predictability: Not Rated Up 27% over 12 months, Phillips 66 has a market cap of $35.61 billion; its shares were traded at around $58.28. The company's segments include: Refining and Marketing (R&M), Midstream, and Chemicals.
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According to GuruFocus research, Warren Buffett 's Berkshire Hathaway Inc. ( BRK.A )( BRK.B ) currently holds three stocks with P/Es under 10.0, as of June 30, 2013. Phillips 66 ( PSX ) Predictability: Not Rated Up 27% over 12 months, Phillips 66 has a market cap of $35.61 billion; its shares were traded at around $58.28. The company's segments include: Refining and Marketing (R&M), Midstream, and Chemicals.
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According to GuruFocus research, Warren Buffett 's Berkshire Hathaway Inc. ( BRK.A )( BRK.B ) currently holds three stocks with P/Es under 10.0, as of June 30, 2013. Phillips 66 ( PSX ) Predictability: Not Rated Up 27% over 12 months, Phillips 66 has a market cap of $35.61 billion; its shares were traded at around $58.28. The company's segments include: Refining and Marketing (R&M), Midstream, and Chemicals.
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According to GuruFocus research, Warren Buffett 's Berkshire Hathaway Inc. ( BRK.A )( BRK.B ) currently holds three stocks with P/Es under 10.0, as of June 30, 2013. Phillips 66 ( PSX ) Predictability: Not Rated Up 27% over 12 months, Phillips 66 has a market cap of $35.61 billion; its shares were traded at around $58.28. The company's segments include: Refining and Marketing (R&M), Midstream, and Chemicals.
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2013-10-04 00:00:00 UTC
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Arctic Cat, Polaris And Harley Davidson Drive Sales
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https://www.nasdaq.com/articles/arctic-cat-polaris-and-harley-davidson-drive-sales-2013-10-04
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The fast-rising sport of off-road vehicles, ORVs, has become a smaller, dustier version of the muscle car wars fought between U.S. automakers during the 1960s.
Polaris ( PII ), the company that launched the off-road power contest, again staked out high ground this year with its RZR XP 1000. The 107-horsepower, side-by-side trail-gobbler raises the stakes for manufacturers includingArctic Cat ( ACAT ),Deere ( DE ) and Kawasaki, and it broadens the horizons of the increasingly popular sport.
Until about five years ago, side-by-sides were typically referred to as utility-terrain vehicles or UTVs. They were slow and stodgy, mainly used by hunters, farmers and ranchers to haul heavy loads. Then manufacturers lowered the center of gravity, added aggressive suspension and boosted the horsepower, luring a more adrenaline-thirsty breed of weekend warriors.
Quads -- the four-wheelers often referred to as all-terrain vehicles, ATVs, ridden more like motorcycles and steered with handlebars -- pioneered the new era. But consumers seeking more comfort, safety and speed are rapidly trading up to the more pricey vehicles.
"All kinds of customers are selling their ATVs and buying side-by-sides," said Roger Miya, owner of LA Cycle Sports . The Polaris dealer of Inglewood, Calif. sells three side-by-sides for every ATV. His side-by-side sales have tripled since he started selling them in 2010. It's a trend he sees continuing for a few years until manufacturers introduce something bigger and better.
With prices starting near $10,000 and ranging to well above $20,000, side-by-sides have become a profit center for leisure-equipment makers who have fought for years to diversify. High-end, rural consumers remain the central audience: farmers, ranchers, large-estate owners and middle-aged, upper-middle-class men who love the outdoors and rugged rides.
The sales have helped boost the 13 stocks in IBD Leisure-products group 52% year to date.
Cats, Indians, Razors And Hogs
Arctic Cat ( ACAT ) rolled out 13 side-by-side models for model-year 2014. Snowmobile sales, which tend to be seasonal and affected by the amount of snowfall, were 39% of sales last year. Still, shares surged 73% year-to-date.
Polaris, the most diversified name in the group, zipped up 59% this year. The company owns Victory brand motorcycles and, in 2011, acquired the Indian motorcycle brand. Investors are betting on the company's new lineup of side-by-sides and reintroduced Indian products to drive sales. Snowmobiles were only 9% of Polaris sales last year, down from 19% a decade ago.
Also in the group,Harley Davidson ( HOG ) -- which unveiled a new generation of technologically advanced motorcycles this year -- has zoomed 34%.
Industrywide recreational side-by-side sales are 20% higher than pre-recession levels while ATV sales have dropped 70% from their 2006-07 peak, according to Power Products Marketing. The industry research firm forecasts side-by-side sales in North America will rise 5% in 2013.
ATV owners are upgrading to side-by-sides because they go fast with less rollover risk. They also let two people sit next to each other, versus the sit-behind design for quad ATVs, said Gerrick Johnson, an analyst with BMO Capital Markets.
Nearly A Million Per Year
Sales of off-road vehicles -- including side-by-sides, ATVs and snowmobiles -- totaled roughly 915,000 globally in 2012 and have averaged 8% growth since bottoming in 2010, according to William Blair. Side-by-side sales have climbed at a 20% annual pace.
Fox Factory Holdings ( FOXF ) has seen its shares climb 29% since debuting on the Nasdaq in August. The Scotts Valley, Calif., company built its name designing and manufacturing high-performance suspension products primarily for mountain bikes, side-by-sides and a wide range of other vehicles. William Blair expects it to grow earnings by 20% and sales 10% annually over the next three years.
Arctic Cat of Plymouth, Minn., forecasts sales to grow 15% for the fiscal year ending in March 2014, and 12%-14% for fiscal 2015. Analysts expect earnings growth of 13% this fiscal year and 17% in 2015. With a market cap of $773 million, it counts more than 1,500 dealers worldwide.
Polaris -- the leading U.S. ORV producer followed by Deere, Kawasaki and Kubota -- looks to its new RZR XP 1000, with a $20,000 base price, to bolster its lead.
"The side-by-side promises to be more agile and better handling than anything currently in production thanks to a new chassis and suspension including exclusive 'needle' shocks," Raymond James wrote in a client note. "Its 999cc engine produces more horsepower (107) than the competition."
Polaris sees 70% of its sales from off-road products. Analysts are betting the rebirth of the iconic Indian Chief family of motorcycles will drive on-road sales. Three new models of the country's oldest reviving motorcycle brand, ranging from $19,000 to $23,000, were unveiled at the massive annual biker rally in Sturgis, S.D., in early August.
The brand relaunch "should enable Polaris to achieve its goal of (adding) 125 to 140 North American and 70 international dealers by year-end 2013," Wells Fargo Securities analysts wrote in a client note Aug. 5. They estimated Polaris could ship 1,500 units of Indian in the latter four months of 2013 and as many as 8,000 units in 2014.
Polaris projects overall 2013 full-year sales will grow 13%-15% over last year. It sees earnings rising 18% to 20%. The Medina, Minn.-based firm targets average annual sales growth of 12% from 2013 to more than $8 billion by 2020.
Heavyweight Motorcycles
The global market for motorcycles, including electrically powered machines, will grow 7% a year to 134.5 million units in 2016 with revenues totaling $90 billion, forecasts the Freedonia Group. Asia will continue to dominate worldwide demand, accounting for 84% of all units sold in 2016, the Cleveland, Ohio-based market research firm claims.
Improving living standards will stoke demand in emerging markets, where people prefer riding a motorcycle over public transportation, walking or bicycling. Rising oil prices will drive demand for highly fuel-efficient vehicles along with a rebound in consumer demand for recreational products as the economy recovers, Freedonia wrote in a report.
Harley-Davidson accounts for 57% of all new heavyweight motorcycle registrations in the U.S. and 13% in Europe. The Milwaukee, Wis.-based firm produces about 30 heavyweight models that range from $13,000 to $53,000. In August the 110-year old company unveiled the largest new model launch in its history: eight new models developed under an initiative dubbed Project Rushmore.
21st-Century Harleys
The new Harleys feature more power, voice recognition technology, Bluetooth connectivity, touch screen global positioning systems (GPS), music, wider and deeper seats along with new back and arm rests. The new Touring line of bikes aim to present an enticing trade up, given about 85% of Harley customers say they'll buy again and on average replace their motorcycles every four years, say analysts at William Blair.
The firm, which weighs in with a market capitalization of $14.6 billion, claims the new bikes "pass faster, stop quicker and see farther at night," and are built with next-generation engines.
In addition, the new liquid-cooled engines could drive sales of the remaining old-model bikes still on dealer floors, UBS wrote in a client note Aug. 19.
"The change this year may spark demand for what some could view as the last of the true Harley power train," the note said.
Poor weather dampened Harley's sales in second quarter. Demand should improve in the second half of this year thanks to a rebound in construction employment, which has 74% correlation with Harley's retail sales, reports Goldman Sachs' analysts.
With about 1,600 dealerships worldwide -- more than half of which are overseas -- the company aims to open 100 to 150 new foreign dealerships through the end of 2014. Last year, it sold nearly 250,000 units worldwide, up 6% over 2011. The company expects unit sales to pick up 3.6% to 5.6% to 259,000 to 264,000 this year. But that's still deeply below its pre-recession 2008 level of more than 300,000.
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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Nearly A Million Per Year Sales of off-road vehicles -- including side-by-sides, ATVs and snowmobiles -- totaled roughly 915,000 globally in 2012 and have averaged 8% growth since bottoming in 2010, according to William Blair. The brand relaunch "should enable Polaris to achieve its goal of (adding) 125 to 140 North American and 70 international dealers by year-end 2013," Wells Fargo Securities analysts wrote in a client note Aug. 5. The new Touring line of bikes aim to present an enticing trade up, given about 85% of Harley customers say they'll buy again and on average replace their motorcycles every four years, say analysts at William Blair.
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Nearly A Million Per Year Sales of off-road vehicles -- including side-by-sides, ATVs and snowmobiles -- totaled roughly 915,000 globally in 2012 and have averaged 8% growth since bottoming in 2010, according to William Blair. Rising oil prices will drive demand for highly fuel-efficient vehicles along with a rebound in consumer demand for recreational products as the economy recovers, Freedonia wrote in a report. The 107-horsepower, side-by-side trail-gobbler raises the stakes for manufacturers includingArctic Cat ( ACAT ),Deere ( DE ) and Kawasaki, and it broadens the horizons of the increasingly popular sport.
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Industrywide recreational side-by-side sales are 20% higher than pre-recession levels while ATV sales have dropped 70% from their 2006-07 peak, according to Power Products Marketing. Nearly A Million Per Year Sales of off-road vehicles -- including side-by-sides, ATVs and snowmobiles -- totaled roughly 915,000 globally in 2012 and have averaged 8% growth since bottoming in 2010, according to William Blair. The 107-horsepower, side-by-side trail-gobbler raises the stakes for manufacturers includingArctic Cat ( ACAT ),Deere ( DE ) and Kawasaki, and it broadens the horizons of the increasingly popular sport.
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The 107-horsepower, side-by-side trail-gobbler raises the stakes for manufacturers includingArctic Cat ( ACAT ),Deere ( DE ) and Kawasaki, and it broadens the horizons of the increasingly popular sport. Until about five years ago, side-by-sides were typically referred to as utility-terrain vehicles or UTVs. Then manufacturers lowered the center of gravity, added aggressive suspension and boosted the horsepower, luring a more adrenaline-thirsty breed of weekend warriors.
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2013-10-03 00:00:00 UTC
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Three Warren Buffett Stocks Fall to a 52-Week Low
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https://www.nasdaq.com/articles/three-warren-buffett-stocks-fall-52-week-low-2013-10-03
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Stocks have moved a long way in five years, making it a challenge for the world's best living investor to find undervalued situations. "[Stocks] are probably more or less fairly priced now. We don't find bargains around," Warren Buffett told CNBC last week. "But we don't think things are way overvalued either. We're having a hard time finding things to buy."
Perhaps Buffett, CEO and Chairman of Berkshire Hathaway ( BRK.A )( BRK.B ), will elect to purchase more of some of his current holdings, as three slid to their 52-low stock prices this week, compared to a 16.5% gain for the S&P 500: International Business Machines Corp. ( IBM ), Deer & Co. ( DE ) and Coca-Cola Co. ( KO ).
IBM ( IBM )
Buffett purchased almost 64 million IBM shares over 2011 at average prices ranging from $159 to $185 per share. He revealed that he spent nearly $11 billion on IBM in a CNBC interview on Nov. 14, 2011, after reading the annual report every year for 50 years and getting "a different slant on it."
Purchasing continued over the next five quarters until Buffett's holding totaled 68,121,984 shares at the end of 2013's first quarter. This equals 6.22% of the company, making Berkshire Hathaway the largest IBM stakeholder. It also ranks as his third-largest holding at 14.6% of his portfolio.
With an average purchase price Buffett paid of $172.80 per share, he has an approximately 7% average gain at the stock's current price of $184.19.
But the current price is 1.7% above a 52-week low price of $181.10, the stock declined roughly 13% over 12 months. The 52-week high is $215.90 per share.
The company's most substantial stock decline occurred in April when it released first-quarter results a 1% decline in GAAP earnings and 5% decline in revenue from the first quarter the previous year, due to not closing a number of expected software and mainframe transactions which it moved to the second quarter.
In the second quarter, revenue fell 3% and net income declined 17% over the previous year, and lowered its full-year 2013 GAAP diluted earnings per share guidance from at least $15.53 to $15.08. The greatest areas of revenue growth were Smarter Planet and Cloud, up more than 25% and 70% respectively in the first half.
IBM has produced 6.6% annual revenue growth and 12.1% annual EBITDA growth rates over the past 10 years:
GuruFocus analysis shows that the company has an expanding operating margin, a dividend yield close to a three-year high and a P/E ratio close to a three-year low at 13.26. Negative signs are revenue per share growth slowdown, a P/B ratio close to a 10-year high at 12.79 and the issuing of $7.7 billion in new debt over the past three years though its debt level is acceptable.
Deer & Co. ( DE )
Berkshire Hathaway holds 3,978,767 shares of Deer & Co., purchased in the third quarter of 2012 and untouched since. The price that quarter was $78 on average, 5% lower than the current price of $82.26, which is down half a percentage point from a year ago. The holding comprises 0.36% of the portfolio.
Deere is trading at roughly 3.4% above its 52-week low price of $79.50. The stock reached a 52-week high of $95.60 in January.
Deere is a tractor and heavy machinery company that is seeking to capitalize on the macro-trends of global population growth and income growth in developing nations, which are fueling demand for agriculture and infrastructure.
The company has clear-cut goals, outlined in a February 2013 presentation: to expand globally and achieve enterprise net sales of $50 billion at mid-cycle by 2018, a minimum operating margin of 12% at mid-cycle 2014, and asset turns of 2.5 times at mid-cycle by 2018.
For full-year 2012, Deere had revenue of $36.2 billion and an operating margin of 13.1.
In its third-quarter earnings release dated Aug. 14, the company recorded worldwide net sales and revenues up 4% and net income up 26% over the third quarter last year to a record $997 million, after both sales and earnings hit records in the second quarter. The company also raised its full-year income guidance to $3.45 billion from the $3.3 billion projected a quarter earlier.
GuruFocus shows five positive signs for the company: per-share revenue growth, a three-year-high dividend yield, and P/E, P/B and P/S ratio each close to a three-year low. Negative signs include operating margin decline for five years, cash flow divergence from reported earnings, and the issuing of $10.5 billion of debt over the past three years.
Coca-Cola Co. ( KO )
Buffett has a 9% stake, or 400 million shares, which comprises 18% of his portfolio and makes him the company's top shareholder. Buffett appeared at Coke's annual meeting in April and said he would "never sell a share of Coke stock."
Coke shares have declined 2% over the past year, to a price of $37.14 on Thursday, which is 4.5% above their 52-week low of $43.43.
Coke has recorded annual revenue growth of 10.9% and annual EBITDA growth of 9.6% rates over the past 10 years, and 13.8% and 9% respectively over the past five years.
Growth diminished in the first quarter of this year, with revenue declining 1% and a 13% decline in earnings per share. The second quarter saw revenues decline 3% and EPS down 3%. Global volume grew 4% and 1% in the first and second quarters, respectively.
GuruFocus analysis shows that the company has shrinking gross and operating margins, and that assets are growth faster than revenue. The company has also seen slowing revenue per share growth in the past 12 months and has issued $14.4 billion of debt over the past three years, though the current debt level is acceptable. Good signs are that its P/E ratio at 20.33 is close to a one-year low, and P/B at 5.28 is close to a one-year low.
See more of Warren Buffett 's stocks, go to his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Warren Buffett.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 .
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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Perhaps Buffett, CEO and Chairman of Berkshire Hathaway ( BRK.A )( BRK.B ), will elect to purchase more of some of his current holdings, as three slid to their 52-low stock prices this week, compared to a 16.5% gain for the S&P 500: International Business Machines Corp. ( IBM ), Deer & Co. ( DE ) and Coca-Cola Co. ( KO ). In the second quarter, revenue fell 3% and net income declined 17% over the previous year, and lowered its full-year 2013 GAAP diluted earnings per share guidance from at least $15.53 to $15.08. GuruFocus shows five positive signs for the company: per-share revenue growth, a three-year-high dividend yield, and P/E, P/B and P/S ratio each close to a three-year low.
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In the second quarter, revenue fell 3% and net income declined 17% over the previous year, and lowered its full-year 2013 GAAP diluted earnings per share guidance from at least $15.53 to $15.08. IBM has produced 6.6% annual revenue growth and 12.1% annual EBITDA growth rates over the past 10 years: GuruFocus analysis shows that the company has an expanding operating margin, a dividend yield close to a three-year high and a P/E ratio close to a three-year low at 13.26. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Warren Buffett.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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The company's most substantial stock decline occurred in April when it released first-quarter results a 1% decline in GAAP earnings and 5% decline in revenue from the first quarter the previous year, due to not closing a number of expected software and mainframe transactions which it moved to the second quarter. IBM has produced 6.6% annual revenue growth and 12.1% annual EBITDA growth rates over the past 10 years: GuruFocus analysis shows that the company has an expanding operating margin, a dividend yield close to a three-year high and a P/E ratio close to a three-year low at 13.26. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Warren Buffett.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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But the current price is 1.7% above a 52-week low price of $181.10, the stock declined roughly 13% over 12 months. Coke shares have declined 2% over the past year, to a price of $37.14 on Thursday, which is 4.5% above their 52-week low of $43.43. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Warren Buffett.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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2013-09-30 00:00:00 UTC
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Guru Stocks at 52-Week Lows: IBM, T, SO, DE, CUK
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https://www.nasdaq.com/articles/guru-stocks-52-week-lows-ibm-t-so-de-cuk-2013-09-30
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According to GuruFocus list of 52-week lows , these Guru stocks have reached their 52-week lows.
International Business Machines Corp ( IBM ) Reached the 52-Week Low of $186.92
The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $186.92, which is 16.1% off the 52-week high of $215.9. International Business Machines Corp is owned by 32 Gurus we are tracking. Among them, 14 have added to their positions during the past quarter. 18 reduced their positions.
International Business Machines Corp has a market cap of $204.76 billion; its shares were traded at around $186.92 with a P/E ratio of 13.26 and P/S ratio of 2.04. The dividend yield of International Business Machines Corp stocks is 1.93%. International Business Machines Corp had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated International Business Machines Corp the business predictability rank of 5-star .
IBM recently reported its second quarter 2013 financial results. The company announced diluted EPS of $2.91, down 13 percent compared to results from the second quarter of 2012.
Two percent of the $72 million portfolio of Hillman Capital Management. Prem Watsa bought 1,200 shares in the quarter that ended on 06/30/2013, which is 0.0092% of the $2.48 billion portfolio of Fairfax Financial Holdings. Meryl Witmer bought 2,700 shares in the quarter that ended on 06/30/2013, which is 0.0028% of the $18.68 billion portfolio of Meryl Witmer.
Director David N. Farr bought 1,000 shares of IBM stock on 08/27/2013 at the average price of $182.8. David N. Farr owns at least 3,608 shares after this. The price of the stock has increased by 2.25% since.
AT&T Inc. ( T ) Reached the 52-Week Low of $33.98
The prices of AT&T Inc ( T ) shares have declined to close to the 52-week low of $33.98, which is 16.1% off the 52-week high of $39. AT&T Inc is owned by 17 Gurus we are tracking. Among them, 7 have added to their positions during the past quarter. 12 reduced their positions. AT&T Inc has a market cap of $180.47 billion; its shares were traded at around $33.98 with a P/E ratio of 26.04 and P/S ratio of 1.49. The dividend yield of AT&T Inc stocks is 5.27%. AT&T Inc had an annual average earnings growth of 3.9% over the past 10 years.
AT&T recently reported its second quarter 2013 financial results. The company announced diluted EPS of $0.71 for the quarter, compared to $0.66 for the second quarter of 2012.
Ruane Cunniff bought 5,650 shares in the quarter that ended on 06/30/2013, which is 0.0013% of the $15.53 billion portfolio of Ruane & Cunniff & Goldfarb. James Barrow owns 31,915,277 shares as of 06/30/2013, which accounts for 1.9% of the $59.52 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Meridian Funds owns 15,680 shares as of 06/30/2013, which accounts for 0.021% of the $2.68 billion portfolio of Meridian Fund. Chris Davis owns 84,600 shares as of 06/30/2013, which accounts for 0.0076% of the $39.39 billion portfolio of Davis Selected Advisers.
Director Michael B. McCallister bought 9,000 shares of T stock on 07/30/2013 at the average price of 35.44. Michael B. McCallister owns at least 9,290 shares after this. The price of the stock has decreased by 4.12% since.
Southern Co ( SO ) Reached the 52-Week Low of $41.23
The prices of Southern Co ( SO ) shares have declined to close to the 52-week low of $41.23, which is 16.6% off the 52-week high of $48.74. Southern Co is owned by three Gurus we are tracking. Among them, three have added to their positions during the past quarter. Southern Co has a market cap of $36.03 billion; its shares were traded at around $41.23 with a P/E ratio of 20.83 and P/S ratio of 2.13. The dividend yield of Southern Co stocks is 4.84%. Southern Co had an annual average earnings growth of 3.5% over the past 10 years.
Ken Fisher owns 7,623 shares as of 06/30/2013, an increase of 10.57% from the previous quarter. This position accounts for 0.0009% of the $38.51 billion portfolio of Fisher Asset Management LLC.
Executive Vice President and CFO Art P. Beattie sold 37,384 shares of SO stock on 04/05/2013 at the average price of $47.01. Art P. Beattie owns at least 9,775 shares after this. The price of the stock has decreased by 12.3% since.
Deere & Co ( DE ) Reached the 52-Week Low of $82.37
The prices of Deere & Co ( DE ) shares have declined to close to the 52-week low of $82.37, which is 16.8% off the 52-week high of $95.6. Deere & Co is owned by 19 Gurus we are tracking. Among them, nine have added to their positions during the past quarter. Nine reduced their positions. Deere & Co has a market cap of $31.54 billion; its shares were traded at around $82.37 with a P/E ratio of 9.45 and P/S ratio of 0.84. The dividend yield of Deere & Co stocks is 2.42%. Deere & Co had an annual average earnings growth of 9.1% over the past 10 years. GuruFocus rated Deere & Co the business predictability rank of 3.5-star.
Robert Olstein owns 81,000 shares as of 06/30/2013, an increase of 55.77% from the previous quarter. This position accounts for 1.1% of the $624 million portfolio of Olstein All-Cap Value Fund. Scott Black owns 122,245 shares as of 06/30/2013, an increase of 16.14% from the previous quarter. This position accounts for 1.2% of the $839 million portfolio of Delphi Management Inc. Ray Dalio sold out his holdings in the quarter that ended on 06/30/2013.
Senior Vice President and CFO Rajesh Kalathur sold 4,672 shares of DE stock on 08/23/2013 at the average price of $82.99. Rajesh Kalathur owns at least 9,085 shares after this. The price of the stock has decreased by 0.75% since.
Carnival PLC ( CUK ) Reached the 52-Week Low of $34.10
The prices of Carnival PLC ( CUK ) shares have declined to close to the 52-week low of $34.10, which is 21.3% off the 52-week high of $41.8. Carnival PLC is owned by two Gurus we are tracking. Among them, two have added to their positions during the past quarter. One reduced their position. Carnival PLC has a market cap of $27.52 billion; its shares were traded at around $34.10 with a P/E ratio of 17.70 and P/S ratio of 1.72. The dividend yield of Carnival PLC stocks is 2.93%. Carnival PLC had an annual average earnings growth of 3.6% over the past 10 years.
CUK recently announced non-GAAP net income of $1.1 billion, or $1.38 diluted EPS for the third quarter of 2013 compared to non-GAAP net income for the third quarter of 2012 of $1.2 billion, or $1.53 diluted EPS.
David Dreman owns 165,770 shares as of 06/30/2013, an increase of 12.69% from the previous quarter. This position accounts for 0.18% of the $3.5 billion portfolio of Dreman Value Management.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 .
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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Executive Vice President and CFO Art P. Beattie sold 37,384 shares of SO stock on 04/05/2013 at the average price of $47.01. This position accounts for 1.2% of the $839 million portfolio of Delphi Management Inc. Ray Dalio sold out his holdings in the quarter that ended on 06/30/2013. Senior Vice President and CFO Rajesh Kalathur sold 4,672 shares of DE stock on 08/23/2013 at the average price of $82.99.
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International Business Machines Corp ( IBM ) Reached the 52-Week Low of $186.92 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $186.92, which is 16.1% off the 52-week high of $215.9. Among them, 14 have added to their positions during the past quarter. International Business Machines Corp has a market cap of $204.76 billion; its shares were traded at around $186.92 with a P/E ratio of 13.26 and P/S ratio of 2.04.
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International Business Machines Corp ( IBM ) Reached the 52-Week Low of $186.92 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $186.92, which is 16.1% off the 52-week high of $215.9. Carnival PLC ( CUK ) Reached the 52-Week Low of $34.10 The prices of Carnival PLC ( CUK ) shares have declined to close to the 52-week low of $34.10, which is 21.3% off the 52-week high of $41.8. Among them, 14 have added to their positions during the past quarter.
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International Business Machines Corp ( IBM ) Reached the 52-Week Low of $186.92 The prices of International Business Machines Corp ( IBM ) shares have declined to close to the 52-week low of $186.92, which is 16.1% off the 52-week high of $215.9. Among them, 14 have added to their positions during the past quarter. International Business Machines Corp has a market cap of $204.76 billion; its shares were traded at around $186.92 with a P/E ratio of 13.26 and P/S ratio of 2.04.
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20c18c86-c207-4082-9bcd-c912a914f8c8
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722974.0
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2013-09-26 00:00:00 UTC
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Warren Buffett's Commodity Stock Picks
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DE
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https://www.nasdaq.com/articles/warren-buffetts-commodity-stock-picks-2013-09-26
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nan
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nan
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Warren Buffett -- the Oracle of Omaha -- is one of the world's most renowned investors, heralded for his simple yet effective valuation methods. As such, followers of the legendary investor pay close attention when Buffett places big bets, and they hope that by following his stock picks, they will cash in on Buffett's guru-like instincts.
In the commodity space, however, Buffett has been quite vocal about his aversion to certain commodities -- namely gold . However, Buffett does have meaningful exposure to commodity producers that are involved in a wide array of industries, including oil and gas, solar power, and agriculture. And according to Berkshire Hathaway's (NYSE:BRK.B) most recent 13F filing , Buffet holds stakes in five commodity producer stocks.
For those looking to follow the legendary investor's picks, our firm highlights Berkshire's five commodity stock holdings.
Phillips 66 ( PSX )
Berkshire Hathaway currently owns over 27 million shares in this Texas-based, independent downstream energy company, which amounts to a holding value of over $1.58 billion. Phillips 66 is a recent spin-out from energy giant ConocoPhillips, and now houses the refining, marketing, midstream, and chemicals businesses that used to be part of the parent company.
As of February 2013, Phillips owns roughly 15,000 miles of pipeline systems and 10,000 owned or supplied branded marketing outlets across the US, Europe, and Asia. In its midstream business, Phillips transports, fractionates, and markets natural gas liquids in the United States. From a technical perspective, the company's stock also features a relatively attractive dividend yield of 2.15% based on the stock's most recent closing price and its annual payout of $1.25.
ConocoPhillips ( COP )
Berkshire also owns more than 24 million shares in Phillip 66′s parent company, ConocoPhillips. ConocoPhillips is an international integrated energy company that focuses on crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen.
The company operates throughout North America, Europe, Asia, and Australia, and currently has operations and activities in 30 countries. In 2012, the ConocoPhillips produced 1,578 thousand barrels of oil equivalent per day and had proved reserves of 8.6 billion barrels of oil. Its stock also feature an attractive yield of 3.92%, based on the company's annual payout of $2.76.
Suncor Energy Inc. ( SU )
Another independent oil and gas company, Suncor Energy is heavily involved with the Athabasca oil sands, a deposit that holds 1.7 trillion barrels of bitumen. In addition to exploring and developing Canada's Athabasca basin, the company also markets, refines, and transports oil and natural gas throughout Canada and internationally.
Berkshire Hathaway currently holds more than 17 million shares of the Calgary-based company -- a holding value of more than $638 million, or a 1.18% stake in the company.
Deere & Co. ( DE )
Given Buffett's admiration of all things agriculture, this pick is perhaps not surprising. Deere & Co. is a leading manufacturer of agricultural and turf equipment, as well as related service parts. DE makes everything from tractors and ATVs, to combine harvesters and balers.
The company also has a long track record of delivering value to shareholders in the form of dividends and share buybacks; currently the stock yields 2.41% based on its annual payout of $2.04. Berkshire Hathaway holds a little under 4 million shares of this stock, which amounts to a holding value of over $336 million.
National Oilwell Varco, Inc. ( NOV )
Capturing roughly 60% of the market share in its industry, National Oilwell Varco is one of the leading names in the oil and gas equipment and services space. The company was founded in 1862 and is headquartered in Houston, Texas. Its operations are segmented into three main categories: rig technology, petroleum services, and distribution and transportation.
Some of the company's most successful products include offshore and onshore drilling rigs, oilfield tubular goods, drill string equipment, as well as extensive lifting and handling equipment. One of the most attractive features of NOV is, however, the company's business model, which allows it to generate profits no matter what condition the oil and gas drilling industry is currently in. Given its proven track record, Berkshire recently upped its stake in the company to over 8.8 million shares, a roughly 2.08% stake in the company.
Follow us on Twitter @CommodityHQ
Editor's note: This article by Daniela Pylypczak was originally published on Commodity HQ .
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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However, Buffett does have meaningful exposure to commodity producers that are involved in a wide array of industries, including oil and gas, solar power, and agriculture. The company also has a long track record of delivering value to shareholders in the form of dividends and share buybacks; currently the stock yields 2.41% based on its annual payout of $2.04. Warren Buffett -- the Oracle of Omaha -- is one of the world's most renowned investors, heralded for his simple yet effective valuation methods.
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ConocoPhillips is an international integrated energy company that focuses on crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen. Suncor Energy Inc. ( SU ) Another independent oil and gas company, Suncor Energy is heavily involved with the Athabasca oil sands, a deposit that holds 1.7 trillion barrels of bitumen. Warren Buffett -- the Oracle of Omaha -- is one of the world's most renowned investors, heralded for his simple yet effective valuation methods.
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ConocoPhillips is an international integrated energy company that focuses on crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen. Warren Buffett -- the Oracle of Omaha -- is one of the world's most renowned investors, heralded for his simple yet effective valuation methods. However, Buffett does have meaningful exposure to commodity producers that are involved in a wide array of industries, including oil and gas, solar power, and agriculture.
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One of the most attractive features of NOV is, however, the company's business model, which allows it to generate profits no matter what condition the oil and gas drilling industry is currently in. Warren Buffett -- the Oracle of Omaha -- is one of the world's most renowned investors, heralded for his simple yet effective valuation methods. However, Buffett does have meaningful exposure to commodity producers that are involved in a wide array of industries, including oil and gas, solar power, and agriculture.
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3959ad21-6fb6-42f7-9ac9-671261beae45
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722975.0
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2013-09-25 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for September 26, 2013
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-september-26-2013-2013-09-25
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nan
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on September 26, 2013. A cash dividend payment of $0.51 per share is scheduled to be paid on November 01, 2013. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DE has paid the same dividend. At the current stock price of $84.26, the dividend yield is 2.42%.
The previous trading day's last sale of DE was $84.26, representing a -11.86% decrease from the 52 week high of $95.60 and a 5.99% increase over the 52 week low of $79.50.
DE is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and ASML Holding N.V. ( ASML ). DE's current earnings per share, an indicator of a company's profitability, is $8.72. Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 15.78%, compared to an industry average of 10.4%.
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 )
Market Vectors Agribusiness ETF ( MOO )
Market Vectors Hard Assets Producers ETF ( HAP )
PowerShares Dynamic Industrials ( PRN ).
The top-performing ETF of this group is PRN with an increase of 17.2% over the last 100 days. VEGI has the highest percent weighting of DE at 8.29%.
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 stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 15.78%, compared to an industry average of 10.4%. 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 ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares Dynamic Industrials ( PRN ). 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 26, 2013.
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Shareholders who purchased DE stock 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 ) Market Vectors Agribusiness ETF ( MOO ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares Dynamic Industrials ( PRN ).
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A cash dividend payment of $0.51 per share is scheduled to be paid on November 01, 2013. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. DE's current earnings per share, an indicator of a company's profitability, is $8.72.
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fe442fb5-dc01-47c3-b554-a541f3f47ea7
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722976.0
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2013-09-17 00:00:00 UTC
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How To Profit From The Most Hated Pipeline In America
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DE
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https://www.nasdaq.com/articles/how-profit-most-hated-pipeline-america-2013-09-17
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nan
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nan
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The proposed expansion of the Keystone pipeline is probably the most hated energy project in America.
The project has become a rallying cry for environmentalists who claim the harvesting of oil sands in Alberta poses unacceptable risks to the ecosystem.
Last week, The New Yorker published an extensive article describing how Tom Steyer, a California billionaire and former hedge-fund manager, is spending millions of his own fortune to defeat the measure.
That's interesting, especially considering that Steyer's hedge-fund, Farallon, invested in fossil-fuel companies. From the New Yorker:
"After being criticized by some Republicans for holding some investments in the fossil-fuel industry, including stock in Kinder Morgan, which has proposed extending a rival pipeline to Keystone, Steyer said that he would fully divest his portfolio of its "dirty energy" holdings within a year."
The pipeline has also become a political issue. During last year's presidential race, President Barack Obama refrained from taking a strong stand on the project despite heavy pressure from the left, while Mitt Romney claimed that if forced to do so he would, "build it myself."
But what much of the commentary on the topic fails to mention is that most of the Keystone pipeline has already been built and is currently in operation.
The existing line runs east from Alberta and then cuts south through the Dakotas and Nebraska. It then splits into two directions, with one route heading east toward refineries in Illinois and the other running south to Cushing, Okla.
The current controversy is really over a pipeline extension known as Keystone XL, which would create a more direct route from Alberta to Nebraska and from Oklahoma to the Gulf. If approved, the Keystone XL would increase Canada's oil exports to the U.S. by as much as 830,000 barrels a day.
So, the question for investors is this: If Keystone XL is approved, which companies stand to profit?
The most obvious is TransCanada ( TRP ) , the company that has submitted the proposal for the expansion.
TransCanada's cash flow is derived from natural gas (62%), oil/liquids (16%), and energy (22%), which includes natural gas storage.
Copyright © 2013 TransCanada CorporationTransCanada's natural gas pipeline business is already one of the largest on the continent, with more than 35,000 miles of pipe transporting 15 billion cubic feet a day.
TransCanada's natural gas pipeline business is already one of the largest on the continent, with more than 35,000 miles of pipe transporting 15 billion cubic feet a day. The company currently transports approximately 20% of North America's natural gas.
Analysts expect earnings before interest, tax, depreciation and amortization (EBITDA) to increase from CA$700 million (about $679 million) in 2012 to more than CA$1.7 billion in 2017. This estimate would mean a mouth-watering 20% increase in the company's compound annual growth rate (CAGR).
However, if the XL pipeline is delayed, that growth rate could be cut in half.
Some analysts have postulated that the crude could be shipped by rail. But Greg Gentry, Valero Energy's ( VLO ) general manager in Port Arthur, Texas, disagrees, saying Canadian producers "would have to drop the price of their crude" if they were to ship by rail, according to the New Yorker article.
If he's right and the threat of rail competition is not economically viable, this bodes well for TransCanada.
Furthermore, with all the hoopla in the press about Keystone XL, a big new development for TransCanada has largely gone unnoticed.
In August, TransCanada announced plans to begin building its CA$12 billion, 1.1 million-barrel-per-day Energy East Pipeline project from Alberta to the Atlantic coast at Saint John, New Brunswick. The project is being supported by the Canadian government to the tune of CA$5 billion over 20 years.
So whether U.S. environmentalists like it or not, Alberta's oil sands will be harvested and sold. How they are shipped, and to whom, are the only real questions.
While not exactly dirt cheap, TransCanada's share prices have fallen 7% this year, and the stock is trading 11% below its 52-week high.
The current 4% yield is backed by a 90% payout ratio, which is higher than I would like to see. But to its credit, the company has been raising its dividend each year since 2008.
TransCanada is not the only company that stands to profit from the possible Keystone XL approval. Refiners such as Valero and LyondellBasell Industries ( LYB ) , as well as construction companies Deere & Co. ( DE ) and Quanta Services ( PWR ) all stand to gain if Keystone XL gets the green light.
Risks to Consider: Of course, if the pipeline extension is not approved, TransCanada will have to write off its investment in the project. As mentioned, the current dividend payout ratio of 90% is high, and the dividend may have to be cut in the future if profits decline.
Action to Take --> No doubt, this investment is a bit of a gamble. But investors who are willing to take the risk and invest now should see share prices soar if Keystone XL approval is granted. And even if the project isn't approved, all is not lost. TransCanada's existing pipelines already have long-term contracts at sold-out capacity that will provide steady income for at least the next 10 to 15 years.
Solid current income from "wide-moat" pipelines, combined with the potential boon from the Energy East project, should make TransCanada a long-term winner either way. For speculative investors, TransCanada rates a buy at today's prices.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During last year's presidential race, President Barack Obama refrained from taking a strong stand on the project despite heavy pressure from the left, while Mitt Romney claimed that if forced to do so he would, "build it myself." But Greg Gentry, Valero Energy's ( VLO ) general manager in Port Arthur, Texas, disagrees, saying Canadian producers "would have to drop the price of their crude" if they were to ship by rail, according to the New Yorker article. Last week, The New Yorker published an extensive article describing how Tom Steyer, a California billionaire and former hedge-fund manager, is spending millions of his own fortune to defeat the measure.
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Last week, The New Yorker published an extensive article describing how Tom Steyer, a California billionaire and former hedge-fund manager, is spending millions of his own fortune to defeat the measure. That's interesting, especially considering that Steyer's hedge-fund, Farallon, invested in fossil-fuel companies. From the New Yorker: "After being criticized by some Republicans for holding some investments in the fossil-fuel industry, including stock in Kinder Morgan, which has proposed extending a rival pipeline to Keystone, Steyer said that he would fully divest his portfolio of its "dirty energy" holdings within a year."
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From the New Yorker: "After being criticized by some Republicans for holding some investments in the fossil-fuel industry, including stock in Kinder Morgan, which has proposed extending a rival pipeline to Keystone, Steyer said that he would fully divest his portfolio of its "dirty energy" holdings within a year." Last week, The New Yorker published an extensive article describing how Tom Steyer, a California billionaire and former hedge-fund manager, is spending millions of his own fortune to defeat the measure. That's interesting, especially considering that Steyer's hedge-fund, Farallon, invested in fossil-fuel companies.
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Risks to Consider: Of course, if the pipeline extension is not approved, TransCanada will have to write off its investment in the project. Last week, The New Yorker published an extensive article describing how Tom Steyer, a California billionaire and former hedge-fund manager, is spending millions of his own fortune to defeat the measure. That's interesting, especially considering that Steyer's hedge-fund, Farallon, invested in fossil-fuel companies.
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7a934e60-e6be-46ea-a4cf-6d908bc8fed7
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722977.0
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2013-09-12 00:00:00 UTC
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Mixed August Retail Sales for Deere - Analyst Blog
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DE
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https://www.nasdaq.com/articles/mixed-august-retail-sales-for-deere-analyst-blog-2013-09-12
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nan
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nan
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Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) announced mixed retail sales for August. Sales in row crop tractors and combines outperformed the industry, while sales for utility tractors and four-wheel drive failed to match the industry performance. Deere's reported inventory levels were lower than the industry for all its product segments.
August Retail Sales Performance in Detail
In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by double digits in August, but remained lower than the industry-wide sales growth of 12%. Deere's inventory was reported to be lower than the industry-wide inventory of utility tractors, which stood at 47% of the previous 12 months sales.
Sales of row crop tractor outperformed the industry growth rate of 16% during the month. The industry inventory of row crop tractors were 34% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory.
Sales of four-wheel drive tractor sales decreased in double digits in July, in stark contrast to the 1% growth witnessed across the industry during the month. Deere's inventory for the four-wheel drive tractor was lower than the industry inventory at 25% of the previous 12 months sales.
Combine sales dipped in single digits, but fared better when compared to the 16% decline across the industry. Deere's inventory for the combines was lower than the industry inventory at 22% of the previous 12 months sales.
Retail sales of selected turf and utility equipment were up in double digits. In Europe, retail sales of tractors were up in single digit, while combine sales were flat year over year. Coming to the Construction and forestry segment, sales went down in single digits on a "First in Dirt" basis (retail sale of a new unit plus first use of a new rental unit). However, on a settlement basis (retail sale of a new unit plus conversion of rental unit to a retail sale), sales were up in single digits.
Deere's Q3 Sales Performance and Expectations
Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion. Agriculture and Turf equipment sales increased 8%, but were offset by an 11% dip in Construction & Forestry.
Deere expects equipment sales to decrease around 5% year over year for the fourth quarter of fiscal 2013. Agriculture and Turf equipment sales is expected to grow 7% in fiscal 2013 aided by higher commodity prices, strong farm incomes, global expansion and new lines of advanced equipment.
Region-wise, Deere expects industry farm machinery sales in the U.S. and Canada to increase 5% year over year in 2013. In Europe, sales are projected to be down 5% due to continued deterioration in the overall economy and poor harvest in the U.K. last year.
However, global sales for Construction & Forestry equipment may fall about 8%, reflecting a cautious outlook for the U.S. economic growth. Global forestry sales are expected to be higher as improved U.S. demand more than offset weakness in European markets.
Peer Performance
Deere's performance was better than that of Caterpillar Inc. ( CAT ). According to the last published data, sales growth for the construction and mining equipment continued to be in the red with a decline of 9% in July, the eight consecutive month of decline.
Our Take
The U.S. Department of Agriculture is forecasting a record net farm income of $120.6 billion in 2013. Increased farm incomes have compelled farmers to continually upgrade and expand their fleet; thus leading to increased revenue prospects for Deere. Deere will benefit from recovery in construction sector and strength in Brazil.
However, weakness in European markets, soft conditions in the U.K. farm sector, rising competition, weaker US outlook and government spending, additional import duty on all combines going to Russia, Kazakhstan, and Belarus and higher production costs and research and development costs associated with interim Tier 4 remain concerns.
Deere currently retains a Zacks Rank #3 (Hold). Other stocks in the same industry that are worth a look include Alamo Group, Inc. ( ALG ) and Kubota Corp. ( KUBTY ), which retain a Zacks Rank #1 (Strong Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUBTY): Get Free 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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Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) announced mixed retail sales for August. However, weakness in European markets, soft conditions in the U.K. farm sector, rising competition, weaker US outlook and government spending, additional import duty on all combines going to Russia, Kazakhstan, and Belarus and higher production costs and research and development costs associated with interim Tier 4 remain concerns. Other stocks in the same industry that are worth a look include Alamo Group, Inc. ( ALG ) and Kubota Corp. ( KUBTY ), which retain a Zacks Rank #1 (Strong Buy).
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August Retail Sales Performance in Detail In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by double digits in August, but remained lower than the industry-wide sales growth of 12%. The industry inventory of row crop tractors were 34% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. ALAMO GROUP INC (ALG): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report To read this article on Zacks.com click here.
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August Retail Sales Performance in Detail In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by double digits in August, but remained lower than the industry-wide sales growth of 12%. The industry inventory of row crop tractors were 34% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. Deere's Q3 Sales Performance and Expectations Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion.
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August Retail Sales Performance in Detail In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth went up by double digits in August, but remained lower than the industry-wide sales growth of 12%. Agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) announced mixed retail sales for August. Deere's reported inventory levels were lower than the industry for all its product segments.
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27bbf3f3-f1a4-4ea1-982a-b18933fcbc59
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722978.0
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2013-09-10 00:00:00 UTC
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Deere Remains at Neutral - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-remains-at-neutral-analyst-blog-2013-09-10
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nan
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nan
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On Sep 6, we reiterated our Neutral recommendation on Deere & Company ( DE ), a producer of agricultural and forestry equipment, construction equipment and engines.
Why Reiterated?
The U.S. Department of Agriculture is forecasting a record net farm income of $120.6 billion in 2013, a 6% year-over-year rise triggered by record crop production. This will be the second highest inflation-adjusted amount since 1973. Increased farm incomes have compelled farmers to continually upgrade and expand their fleet; thus leading to increased revenue prospects for Deere.
In third quarter, Deere's Agriculture & Turf segment's results were affected by an impairment charge for long-lived assets related to the John Deere Water operations. Deere is reviewing strategic options for John Deere Water. The division, part of Deere's Agriculture and Turf Division, manufactures and distributes precision agricultural irrigation equipment and supplies. Given that effective water management remains a pressing need for agriculture, Deere will continue to focus on products and services to help customers better manage agronomic activities in the field and also continue to develop its in-field moisture sensing and climate monitoring system, known as John Deere Field Connect.
Deere is investing to increase its market share in Brazil. Value of agricultural production in Brazil is expected to rise 9% annually in 2013. Deere expects its agriculture and turf sales to grow 20% in South America due to strong market conditions and the impact of government-financing programs in Brazil.
Despite these positives, the risks surrounding the stock have forced us to maintain a neutral stance on Deere. Weakness in European markets, soft conditions in the U.K. farm sector, rising competition, weaker US outlook and government spending, additional import duty on all combines going to Russia, Kazakhstan, and Belarus and higher production costs and research and development costs associated with interim Tier 4 are detrimental to the company's performance.
Other Stocks to Consider
Other players that are worth a mention in the industry are Alamo Group, Inc. ( ALG ) and Kubota Corporation ( KUBTY ), both carrying a Zacks Rank #1 (Strong Buy), while Lindsay Corporation ( LNN ) retains a Zacks Rank #2 (Strong Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
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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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Given that effective water management remains a pressing need for agriculture, Deere will continue to focus on products and services to help customers better manage agronomic activities in the field and also continue to develop its in-field moisture sensing and climate monitoring system, known as John Deere Field Connect. Deere expects its agriculture and turf sales to grow 20% in South America due to strong market conditions and the impact of government-financing programs in Brazil. Weakness in European markets, soft conditions in the U.K. farm sector, rising competition, weaker US outlook and government spending, additional import duty on all combines going to Russia, Kazakhstan, and Belarus and higher production costs and research and development costs associated with interim Tier 4 are detrimental to the company's performance.
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Other Stocks to Consider Other players that are worth a mention in the industry are Alamo Group, Inc. ( ALG ) and Kubota Corporation ( KUBTY ), both carrying a Zacks Rank #1 (Strong Buy), while Lindsay Corporation ( LNN ) retains a Zacks Rank #2 (Strong Buy). ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 6, we reiterated our Neutral recommendation on Deere & Company ( DE ), a producer of agricultural and forestry equipment, construction equipment and engines.
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In third quarter, Deere's Agriculture & Turf segment's results were affected by an impairment charge for long-lived assets related to the John Deere Water operations. Given that effective water management remains a pressing need for agriculture, Deere will continue to focus on products and services to help customers better manage agronomic activities in the field and also continue to develop its in-field moisture sensing and climate monitoring system, known as John Deere Field Connect. ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUBTY): Get Free Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Sep 6, we reiterated our Neutral recommendation on Deere & Company ( DE ), a producer of agricultural and forestry equipment, construction equipment and engines. Deere is reviewing strategic options for John Deere Water. Deere is investing to increase its market share in Brazil.
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2013-09-04 00:00:00 UTC
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Deere Explores Options for Irrigation Ops - Analyst Blog
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Agricultural, forestry and construction equipment maker, Deere & Company ( DE ) is reviewing strategic options for its irrigation operations - John Deere Water. The division, part of Deere's Agriculture and Turf Division, manufactures and distributes precision agricultural irrigation equipment and supplies.
John Deere Water is considered to be one of the world's largest full-line drip irrigation manufacturers. It operates from 24 sales and marketing locations and 19 warehousing locations in 15 countries encompassing Argentina, Australia, Brazil, Chile, China, Ecuador, France, India, Israel, Italy, Mexico, Russia, Spain, Turkey and the U.S. Its products are marketed through 700 independent dealers and distributors in over 100 countries.
John Deere Water irrigation operations came under the Deere umbrella back in 2006 with the acquisition of Calif.-based Roberts Irrigation Products. Roberts Irrigation was a manufacturer of high performance plastic micro and drip irrigation products for the agricultural, nursery and greenhouse market. The acquisition had cost Deere $41 million. The acquisition of Roberts Irrigation provided Deere the opportunity to grow its new business initiative in precision water systems.
Given that effective water management remains a pressing need for agriculture, Deere will continue to focus on products and services to help customers better manage agronomic activities in the field. Deere will also continue to develop its in-field moisture sensing and climate monitoring system, known as John Deere Field Connect. This was one of the focal points in the company's John Deere FarmSight strategy launched in Nov 2011, to provide integrated solutions in the areas of machine optimization, logistics optimization and agricultural decision support, enabling additional productivity enhancements through machine connectivity and intelligence. These include user-friendly monitors, sensors and wireless networks for machinery, and agronomic data to aid operational decision making.
Deere's agriculture and turf segment manufactures and distributes a full line of agricultural and turf equipment and related service parts. The segment contributed 75% of Deere's sales in 2012 and 78% of sales in the first none months of 2013. In the third quarter of 2013, the segment's results were affected by an impairment charge for long-lived assets related to the John Deere Water operations. Deere recognized a $50 million pre-tax (or $44 million after-tax) charge for the unit due to a decline in the forecasted financial performance.
Other than Deere, Valmont Industries, Inc . ( VMI ) and Lindsay Corporation ( LNN ) command about 70 to 75% of the irrigation machinery market. The sale of the John Deere Water operations will be a win-win situation for both participants.
The agriculture sector is in for a boom with the U.S. Department of Agriculture (USDA) forecasting a record net farm income of $120.6 billion in 2013, a 6% year-over-year rise triggered by record crop production. This will boost farm equipment sales for Deere. Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains compelling. Deere's sales are expected to benefit from global expansion and lines of advanced new equipment. However, continued weakness in the European markets remains concern.
Deere currently holds a Zacks Rank #3 (Hold). For investors keen on the industrial products sector, Alamo Group, Inc . ( ALG ) with a Zacks Rank #1 (Strong Buy) is a good option.
ALAMO GROUP INC (ALG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
LINDSAY CORP (LNN): Free Stock Analysis Report
VALMONT INDS (VMI): 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 acquisition of Roberts Irrigation provided Deere the opportunity to grow its new business initiative in precision water systems. These include user-friendly monitors, sensors and wireless networks for machinery, and agronomic data to aid operational decision making. In the third quarter of 2013, the segment's results were affected by an impairment charge for long-lived assets related to the John Deere Water operations.
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The division, part of Deere's Agriculture and Turf Division, manufactures and distributes precision agricultural irrigation equipment and supplies. Deere's agriculture and turf segment manufactures and distributes a full line of agricultural and turf equipment and related service parts. ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report VALMONT INDS (VMI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Agricultural, forestry and construction equipment maker, Deere & Company ( DE ) is reviewing strategic options for its irrigation operations - John Deere Water. John Deere Water irrigation operations came under the Deere umbrella back in 2006 with the acquisition of Calif.-based Roberts Irrigation Products. ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report VALMONT INDS (VMI): Free Stock Analysis Report To read this article on Zacks.com click here.
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John Deere Water irrigation operations came under the Deere umbrella back in 2006 with the acquisition of Calif.-based Roberts Irrigation Products. Given that effective water management remains a pressing need for agriculture, Deere will continue to focus on products and services to help customers better manage agronomic activities in the field. The sale of the John Deere Water operations will be a win-win situation for both participants.
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2013-08-23 00:00:00 UTC
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Toro Beats Q3 Earnings Estimates - Analyst Blog
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Toro Co. 's ( TTC ) earnings increased 1.5% to 68 cents per share in the third quarter of fiscal 2013 from 67 cents in the year-ago quarter. The results were ahead of the Zacks Consensus Estimate of 65 cents. The results benefited from the improved market condition and increased demand for residential and landscape contractor products.
Operational Update
Sales grew 1.2% year over year to $509.9 million in the quarter, but missed the Zacks Consensus Estimate of $515 million. The year-over-year growth was led by favorable weather conditions resulting in increase improved retail sales particularly in the Residential business.
Cost of sales increased to $332 million from $325 million in the year-ago quarter. Gross profit remained flat year over year at $178 million. Gross margin contracted 40 basis points (bps) year over year to 34.9%, due to product mix, partly offset by favorable commodity costs, productivity gains and pricing.
Selling, general, and administrative expense rose 1.9% year over year to $119.4 million due to higher warehousing expense, incremental costs from acquisitions, increased engineering spending, partly compensated by lower warranty expense. Operating profit fell 3.9% to $58.5 million from $60.9 million in the prior-year quarter. Consequently, operating margin contracted 60 bps year over year to 11.5%.
Segment Performance
Professional : Net sales at the segment declined 4.8% year over year to $343.9 million, primarily from moving traditional third quarter sales forward to the first quarter of the year due to the Tier 4 diesel engine transition. This was partly offset by favorable weather conditions and new product offerings. The growth was also driven by a rise in sales of rental and construction equipment based on improved demand. Professional segment posted earnings of $60.5 million, down 14.2% from the prior-year quarter.
Residential : The segment reported sales of $155.5 million, up 14.4% year over year, attributable to favorable weather conditions which had a positive impact on the sales of all summer products, including riding products, walk power mowers, handheld trimmer and blower. Consequently, the residential segment recorded earnings of $15.1 million, up 50% from the prior-year quarter.
Financial Update
Cash and cash equivalents were $161 million as of Aug 2, 2013 compared with $143 million as of Aug 3, 2012. Cash flow from operating activities was $121.4 million in the third quarter compared with $75.9 million in the prior-year quarter.
Long-term debt amounted to $223.5 million as of Aug 2, 2013, compared with $225 million as of Aug 3, 2012. The debt-to-capitalization ratio contracted to 37% as of Aug 2, 2013 from 40% as of Aug 3, 2012.
Outlook
Toro revised its revenue growth expectation for fiscal 2013 to around 4% from the previous range of 3% to 4%. The company also modified its earnings outlook to about 2.55 per share from the prior band of $2.40 to $2.45 per share, based on the strength of margin improvement. Toro expected gross margin to be up about 100 basis points year over year for the overall business.
Capital expenditures are expected at about $55 million at the end of the year. The company expects to spend a similar amount for the year on share repurchases as in 2012. The outlook for professional rental and construction businesses remains strong for the balance of the year.
Toro continues to see growth opportunities through the ongoing introduction of innovative products and increased focus on markets like municipal and sports fields. New underground product portfolio is well positioned to grow in international markets. However, foreign exchange volatility and social and political unrest remain headwinds.
Bloomington, Minn.-based Toro Co. is a worldwide provider of turf and landscape maintenance equipment, and irrigation solutions to help customers care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields. The company operates through its two segments - Professional and Residential.
Toro Co. currently retains a short-term Zacks Rank #3 (Hold).
Peer Performance
Lincoln Electric Holdings Inc. ( LECO ) reported second-quarter adjusted earnings of 91 cents per share, up 12% from 81 cents in the year-earlier quarter and slivered past the Zacks Consensus Estimate by a penny.
Snap-on Inc ( SNA ) reported second quarter earnings per share of $1.50, beating the Zacks Consensus Estimate of $1.43 by 4.9% and increasing 15.4% from the prior-year quarter's earnings of $1.30.
Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. The results were ahead of the Zacks Consensus Estimate of $2.16.
DEERE & CO (DE): Free Stock Analysis Report
LINCOLN ELECTRC (LECO): Free Stock Analysis Report
SNAP-ON INC (SNA): Free Stock Analysis Report
TORO CO (TTC): 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 results benefited from the improved market condition and increased demand for residential and landscape contractor products. The year-over-year growth was led by favorable weather conditions resulting in increase improved retail sales particularly in the Residential business. Segment Performance Professional : Net sales at the segment declined 4.8% year over year to $343.9 million, primarily from moving traditional third quarter sales forward to the first quarter of the year due to the Tier 4 diesel engine transition.
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Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. DEERE & CO (DE): Free Stock Analysis Report LINCOLN ELECTRC (LECO): Free Stock Analysis Report SNAP-ON INC (SNA): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report To read this article on Zacks.com click here. The results benefited from the improved market condition and increased demand for residential and landscape contractor products.
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Segment Performance Professional : Net sales at the segment declined 4.8% year over year to $343.9 million, primarily from moving traditional third quarter sales forward to the first quarter of the year due to the Tier 4 diesel engine transition. Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. The results benefited from the improved market condition and increased demand for residential and landscape contractor products.
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Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. The results benefited from the improved market condition and increased demand for residential and landscape contractor products. The year-over-year growth was led by favorable weather conditions resulting in increase improved retail sales particularly in the Residential business.
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2013-08-15 00:00:00 UTC
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Company News for August 15, 2013 - Corporate Summary
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• Deere & Company (NYSE: DE ) posted fiscal third quarter earnings per share of $2.56, beating the Zacks Consensus Estimate of $2.16
• OSI Systems, Inc. (NASDAQ: OSIS ) reported fourth quarter earnings per share of $1.02, in line with the Zacks Consensus Estimate
• Towers Watson & Co (NYSE: TW ) posted fourth quarter earnings per share of $1.35, surpassing the Zacks Consensus Estimate of $1.25
• Baytex Energy Corp (USA) (NYSE: BTE ) reported second quarter earnings per share of $0.28, lower than the Zacks Consensus Estimate of $0.36
BAYTEX ENERGY (BTE): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
OSI SYSTEMS INC (OSIS): Free Stock Analysis Report
TOWERS WATSON (TW): 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 (NYSE: DE ) posted fiscal third quarter earnings per share of $2.56, beating the Zacks Consensus Estimate of $2.16 • OSI Systems, Inc. (NASDAQ: OSIS ) reported fourth quarter earnings per share of $1.02, in line with the Zacks Consensus Estimate • Towers Watson & Co (NYSE: TW ) posted fourth quarter earnings per share of $1.35, surpassing the Zacks Consensus Estimate of $1.25 • Baytex Energy Corp (USA) (NYSE: BTE ) reported second quarter earnings per share of $0.28, lower than the Zacks Consensus Estimate of $0.36 BAYTEX ENERGY (BTE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report OSI SYSTEMS INC (OSIS): Free Stock Analysis Report TOWERS WATSON (TW): 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 (NYSE: DE ) posted fiscal third quarter earnings per share of $2.56, beating the Zacks Consensus Estimate of $2.16 • OSI Systems, Inc. (NASDAQ: OSIS ) reported fourth quarter earnings per share of $1.02, in line with the Zacks Consensus Estimate • Towers Watson & Co (NYSE: TW ) posted fourth quarter earnings per share of $1.35, surpassing the Zacks Consensus Estimate of $1.25 • Baytex Energy Corp (USA) (NYSE: BTE ) reported second quarter earnings per share of $0.28, lower than the Zacks Consensus Estimate of $0.36 BAYTEX ENERGY (BTE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report OSI SYSTEMS INC (OSIS): Free Stock Analysis Report TOWERS WATSON (TW): 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 (NYSE: DE ) posted fiscal third quarter earnings per share of $2.56, beating the Zacks Consensus Estimate of $2.16 • OSI Systems, Inc. (NASDAQ: OSIS ) reported fourth quarter earnings per share of $1.02, in line with the Zacks Consensus Estimate • Towers Watson & Co (NYSE: TW ) posted fourth quarter earnings per share of $1.35, surpassing the Zacks Consensus Estimate of $1.25 • Baytex Energy Corp (USA) (NYSE: BTE ) reported second quarter earnings per share of $0.28, lower than the Zacks Consensus Estimate of $0.36 BAYTEX ENERGY (BTE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report OSI SYSTEMS INC (OSIS): Free Stock Analysis Report TOWERS WATSON (TW): 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 (NYSE: DE ) posted fiscal third quarter earnings per share of $2.56, beating the Zacks Consensus Estimate of $2.16 • OSI Systems, Inc. (NASDAQ: OSIS ) reported fourth quarter earnings per share of $1.02, in line with the Zacks Consensus Estimate • Towers Watson & Co (NYSE: TW ) posted fourth quarter earnings per share of $1.35, surpassing the Zacks Consensus Estimate of $1.25 • Baytex Energy Corp (USA) (NYSE: BTE ) reported second quarter earnings per share of $0.28, lower than the Zacks Consensus Estimate of $0.36 BAYTEX ENERGY (BTE): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report OSI SYSTEMS INC (OSIS): Free Stock Analysis Report TOWERS WATSON (TW): 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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2013-08-15 00:00:00 UTC
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Benzinga Market Primer: Thursday, August 15: Futures Lower After Cisco Earnings, Weaker Dollar
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Futures Lower After Cisco Earnings, Weaker Dollar
U.S. equity futures traded slightly lower in early pre-market trade following some weak guidance from Cisco (NASDAQ: CSCO ) for the upcoming quarter and as the dollar traded lower. Also, some weak earnings in Europe weighed on sentiment.
Top News
In other news around the markets:
The South China Morning Post followed up its report from Monday on the large loan from AgBank overnight, highlighting that three more loans have been made in similar fashion. The moves by the state owned lenders to lend to local governments to invest in diversifying local economies is being considered a stealth fiscal stimulus. Japan's chief cabinet secretary and finance minister both spoke overnight and refuted claims from earlier this week that the government was going to cut corporate taxes to offset a sales tax hike. The move was cheered by markets earlier this week when it was first rumored. Retail sales in the U.K. rose a whopping 1.1 percent in July vs. the consensus estimate gain of 0.6 percent, accelerating from June's 0.2 percent rise. Retail sales were up 3.1 percent from a year ago. S&P 500 futures fell 2 points to 1,680.00. The EUR/USD was higher at 1.3286. Spanish 10-year government bond yields were flat at 4.42 percent. Italian 10-year government bond yields were flat at 4.18 percent. Gold rose 0.52 percent to $1,340.40 per ounce.
Asian Markets
Asian shares were mostly lower overnight led down by Japanese stocks on the news that senior Japanese officials refuted the tax cut rumors. The Japanese Nikkei 225 Index fell 2.12 percent and the Topix Index dropped 1.67 percent. In Hong Kong, the Hang Seng Index was flat and the Shanghai Composite Index fell 0.87 percent in China. Also, the Korean Kospi rose 0.57 percent and Australian shares fell 0.1 percent.
European Markets
European shares were lower on weak sentiment from Asia and some poor earnings reports while Italy's market was closed. The Spanish Ibex Index fell 0.01 percent and the French CAC 40 Index declined 0.26 percent. Meanwhile, the German DAX dropped 0.44 percent and U.K. shares fell 0.44 percent.
Commodities
Commodities were mostly higher overnight with oil rising and silver once again leading gains. WTI Crude futures rose 0.59 percent to $107.48 per barrel and Brent Crude futures gained 0.93 percent to $111.23 per barrel. Copper futures dropped 0.4 percent to $332.90 per pound. Gold was higher and silver futures rose 1.3 percent to $22.07 per ounce.
Currencies
Currency markets were on the move as the dollar weakened across the board. The EUR/USD was higher at 1.3286 and the dollar fell against the yen to 97.86. Overall, the Dollar Index fell 0.23 percent on weakness against the pound, the Canadian dollar, the yen, the euro, and the Swiss franc.
Earnings Reported Yesterday
Key companies that reported earnings Wednesday include:
Cisco (NASDAQ: CSCO ) reported fourth quarter EPS of $0.52 vs. $0.51 expected on revenue of $12.42 billion vs. $12.4 billion expected. However, the company announced it was cutting 4,000 jobs and will see charges from the layoffs, which led the company to guide Q1 EPS between $0.50-0.51 vs. the consensus estimate of $0.51. The company also guided revenue lower than expected and sees revenue between $12.23 billion and $12.47 billion vs. the consensus forecast of $12.46 billion. Deere and Co. (NYSE: DE ) reported third quarter EPS of $2.56 vs. $2.16 expected on revenue of $10.0 billion vs. $9.28 billion expected. Macy's (NYSE: M ) reported second quarter EPS of $0.72 vs. $0.79 expected on revenue of $6.07 billion vs. $6.28 billion expected. Silver Wheaton (NYSE: SLW ) reported second quarter EPS of $0.20 vs. $0.26 expected on revenue of $166.9 million vs. $194.17 million expected. NetApp (NASDAQ: NTAP ) reported first quarter EPS of $0.53 vs. $0.49 expected on revenue of $1.52 billion vs. $1.53 billion expected. The company also guided second quarter EPS between $0.60-0.65 vs. the consensus estimate of $0.63 and revenue between $1.56-1.66 billion vs. the estimate $1.63 billion.
Pre-Market Movers
Stocks moving in the pre-market included:
Cisco (NASDAQ: CSCO ) shares fell 8.82 percent after its fourth quarter report but shares were off of the after-hours lows by about 2 percent. NetApp (NASDAQ: NTAP ) shares declined 3.47 percent pre-market on some weak guidance as well. J.C. Penney (NYSE: JCP ) shares rose 1.83 percent after rallying into the close Wednesday on reports that sales improved in July. Newmont Mining (NYSE: NEM ) shares rose 1.44 percent pre-market as metals prices rebounded.
Earnings
Notable companies expected to report earnings Thursday include:
Wal-Mart (NYSE: WMT ) is expected to report second quarter EPS of $1.25 vs. $1.18 a year ago on revenue of $119.7 billion vs. $114.3 billion a year ago. Kohl's Corp. (NYSE: KSS ) is expected to report second quarter EPS of $1.05 vs. $1.00 a year ago on revenue of $4.3 billion vs. $4.2 billion a year ago. Perigo (NYSE: PRGO ) is expected to report fourth quarter EPS of $1.56 vs. $1.28 a year ago on revenue of $1.00 billion vs. $831.77 million a year ago.
On the economics calendar Thursday, Fed President Bullard is expected to speak followed by the CPI report and initial jobless claims. Later, the Empire State Manufacturing Index, TIC flows, industrial production, the NAHB Housing Market Index, and the Philly Fed Survey are due out. Overnight, the German home price index and the Eurozone CPI report are due out.
Good luck and good trading.
Tune into Benzinga's PreMarket Info show with Dennis Dick and Joel Elconin here .
For a recap of Wednesday's market action, read Benzinga's daily market wrap .
(c) 2013 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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Newmont Mining (NYSE: NEM ) shares rose 1.44 percent pre-market as metals prices rebounded. On the economics calendar Thursday, Fed President Bullard is expected to speak followed by the CPI report and initial jobless claims. Futures Lower After Cisco Earnings, Weaker Dollar U.S. equity futures traded slightly lower in early pre-market trade following some weak guidance from Cisco (NASDAQ: CSCO ) for the upcoming quarter and as the dollar traded lower.
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Earnings Reported Yesterday Key companies that reported earnings Wednesday include: Cisco (NASDAQ: CSCO ) reported fourth quarter EPS of $0.52 vs. $0.51 expected on revenue of $12.42 billion vs. $12.4 billion expected. Pre-Market Movers Stocks moving in the pre-market included: Cisco (NASDAQ: CSCO ) shares fell 8.82 percent after its fourth quarter report but shares were off of the after-hours lows by about 2 percent. Earnings Notable companies expected to report earnings Thursday include: Wal-Mart (NYSE: WMT ) is expected to report second quarter EPS of $1.25 vs. $1.18 a year ago on revenue of $119.7 billion vs. $114.3 billion a year ago.
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Earnings Reported Yesterday Key companies that reported earnings Wednesday include: Cisco (NASDAQ: CSCO ) reported fourth quarter EPS of $0.52 vs. $0.51 expected on revenue of $12.42 billion vs. $12.4 billion expected. Pre-Market Movers Stocks moving in the pre-market included: Cisco (NASDAQ: CSCO ) shares fell 8.82 percent after its fourth quarter report but shares were off of the after-hours lows by about 2 percent. Earnings Notable companies expected to report earnings Thursday include: Wal-Mart (NYSE: WMT ) is expected to report second quarter EPS of $1.25 vs. $1.18 a year ago on revenue of $119.7 billion vs. $114.3 billion a year ago.
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Futures Lower After Cisco Earnings, Weaker Dollar U.S. equity futures traded slightly lower in early pre-market trade following some weak guidance from Cisco (NASDAQ: CSCO ) for the upcoming quarter and as the dollar traded lower. Earnings Reported Yesterday Key companies that reported earnings Wednesday include: Cisco (NASDAQ: CSCO ) reported fourth quarter EPS of $0.52 vs. $0.51 expected on revenue of $12.42 billion vs. $12.4 billion expected. Top News In other news around the markets: The South China Morning Post followed up its report from Monday on the large loan from AgBank overnight, highlighting that three more loans have been made in similar fashion.
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2013-08-14 00:00:00 UTC
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Sector Update: Consumer Shares Mixed Pre-Bell; Macy's Down 3% on Q2 Miss
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DE
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https://www.nasdaq.com/articles/sector-update-consumer-shares-mixed-pre-bell-macys-down-3-q2-miss-2013-08-14
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nan
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Top Consumer Shares:
WMT: -0.04%
MCD: +0.05%
DIS: +0.41%
CVS: flat
KO: -0.10%
GE: +0.08%
Consumer shares are mixed in pre-bell trading. Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Revenues increased 4% to $10.010 billion. Analysts expected $2.16 in earnings on $9.2 billion in revenue.
Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year. For the full year, net income attributable to Deere & Company is anticipated to be about $3.45 billion. DE up 0.8% at $84.50.
And Macy's ( M ) is down 2.7% at $47.19 in pre-bell trade as it reports Q2 EPS of $0.72, below the analyst consensus of $0.78 per share on Capital IQ. Sales were $6.066 billion, vs. expectations of $6.25 billion.
The company expects comparable sales in the second half of 2013 to increase in the range of 2.5% to 4%. This would calculate to a full-year 2013 comparable sales increase of 2% to 2.9%, which compares to previous guidance for comparable sales to increase by approximately 3.5%.
Earnings for fiscal 2013 are now expected in the range of $3.80 to $3.90 per diluted share. This compares with previous guidance for earnings per diluted share of $3.90 to $3.95. The Street view is $3.94 per share.
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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Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. For the full year, net income attributable to Deere & Company is anticipated to be about $3.45 billion. And Macy's ( M ) is down 2.7% at $47.19 in pre-bell trade as it reports Q2 EPS of $0.72, below the analyst consensus of $0.78 per share on Capital IQ.
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Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year.
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Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year.
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Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year.
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2013-08-14 00:00:00 UTC
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Agriculture: The Good and Bad in a Sector that Looks Cheap*
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DE
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https://www.nasdaq.com/articles/agriculture-good-and-bad-sector-looks-cheap-2013-08-14
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nan
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nan
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The case for investing in global agriculture supply companies is fairly obvious and well known. The world’s population cruised past the 7 Billion mark this year, and while all of these people are unique individuals with different buying power and preferences, one thing is for sure; they all eat food. Agricultural supply has built in growth over the long term, but this year, as stocks in general have risen significantly, the agriculture supply industry as a whole is down around 9%. Common sense tells you there must be some value to be had, but where is it?
The Bad
Let’s start with where it isn’t. Potash producers such as Mosaic (MOS) have borne the brunt of the losses in price as evidenced by a chart of an ETF that tracks them, Global X’s Fertilizer ETF SOIL.
This has led many to conclude that there is value to be had there, but the news that caused the big drop at the end of last month is still relevant. The Belarusian Potash Company, a joint venture between Belaruskali and Russia’s Uralkali was unwound. This giant producer had enormous pricing power, and the ending of the cartel has produced a sharp drop in prices around the globe.
The problem I see is that artificially high prices have, over the years, resulted in increased supply. This level of supply is still there and, at market pricing, it will be years before the supply and demand equation comes back into balance. In a few months, the recent bounce back may start to look like a pause in a medium term decline in the industry. Long term, it will undoubtedly present some opportunities, but the industry may well have further to fall before that happens.
Agricultural supply companies not dependant on potash have also underperformed in general this year and the best value may be found there, but again, not all are equal.
Monsanto (MON) is a controversial company because of their focus on genetic modification. That may continue to weigh on the stock, but my reasons for staying away have more to do with valuation and the technical look of the chart.
The series of lower lows and lower highs evident here is hardly encouraging. Couple that with a P/E over 18 and the company looks, at best, fairly valued.
The Good
Valmont Industries (VMI) is not a pure play on agriculture. Their fabricated metal and coatings products have other applications, but the company was founded on irrigation systems and they are still their best known product. With a global concern about water usage and conservation, their expertise in that area should be invaluable in the future. They are a solid, profitable company and a P/E around 12 looks remarkably cheap.
In this case, a bottom seems to have been found just above 130, which, if nothing else, gives a decent stop-loss level.
Deere & Company (DE) is probably the best known agricultural supply company outside the industry, due to their consumer products division. They too have underperformed massively this year, losing a couple of bucks overall. Assuming continued gradual recovery in the consumer area and growing demand from agriculture, DE also looks good value at a P/E under 10.
A more global play can be had by an investment in the IQ Global Agribusiness Small Cap ETF (CROP). This fund is actually up around 10% YTD, but has still underperformed the market. The fund’s focus on small cap agricultural businesses around the world makes it more risky than DE or VMI, but it is a pure bet on the growth of agriculture around the world. As demand increases, so technological advancement becomes key, and an investment spread amongst small companies makes it more likely that you will have a piece of “the next big thing” when it comes along.
As the stock market continues to move basically sideways, the importance of identifying sectors with potential for growth is exaggerated. In the case of agriculture, the opportunity is there, but it is not universal. Internal dynamics could keep the fertilizer suppliers depressed for some time, but in other areas a simple return to the mean will provide a decent profit.
We all eat (some more than others: see my picture above) and the world’s population continues to grow, so demand for the end product of agriculture is assured. It is possible to profit from this, but selectivity is the key.
*I cannot tell you how strongly I had to resist the temptation to write a headline about “planting a seed” or “reaping a profit”!
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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Assuming continued gradual recovery in the consumer area and growing demand from agriculture, DE also looks good value at a P/E under 10. As demand increases, so technological advancement becomes key, and an investment spread amongst small companies makes it more likely that you will have a piece of “the next big thing” when it comes along. Potash producers such as Mosaic (MOS) have borne the brunt of the losses in price as evidenced by a chart of an ETF that tracks them, Global X’s Fertilizer ETF SOIL.
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Assuming continued gradual recovery in the consumer area and growing demand from agriculture, DE also looks good value at a P/E under 10. We all eat (some more than others: see my picture above) and the world’s population continues to grow, so demand for the end product of agriculture is assured. Potash producers such as Mosaic (MOS) have borne the brunt of the losses in price as evidenced by a chart of an ETF that tracks them, Global X’s Fertilizer ETF SOIL.
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Agricultural supply companies not dependant on potash have also underperformed in general this year and the best value may be found there, but again, not all are equal. Deere & Company (DE) is probably the best known agricultural supply company outside the industry, due to their consumer products division. Potash producers such as Mosaic (MOS) have borne the brunt of the losses in price as evidenced by a chart of an ETF that tracks them, Global X’s Fertilizer ETF SOIL.
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Agricultural supply companies not dependant on potash have also underperformed in general this year and the best value may be found there, but again, not all are equal. Potash producers such as Mosaic (MOS) have borne the brunt of the losses in price as evidenced by a chart of an ETF that tracks them, Global X’s Fertilizer ETF SOIL. This has led many to conclude that there is value to be had there, but the news that caused the big drop at the end of last month is still relevant.
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2013-08-14 00:00:00 UTC
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Pre-Market Primer: Carl Icahn Is Bullish on Apple; Eurozone Emerges From Recession
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DE
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https://www.nasdaq.com/articles/pre-market-primer-carl-icahn-bullish-apple-eurozone-emerges-recession-2013-08-14
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nan
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nan
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Stocks are mixed this morning after key European countries announced that they have returned to growth.
France and Germany, the two biggest engines of the eurozone, returned to growth from contraction in the second quarter, according to preliminary flash estimates. France recorded 0.3% year-over-year growth, beating expectations of a 0.1% decline. In the first three months of the year, the economy shrank 0.4% from 2012. On a quarterly basis, France grew 0.5%. After shrinking 0.2% in the first three months of 2013, Germany grew 0.5% in the June quarter over the year before, also beating estimates.
Taken as a whole, the eurozone still shrank 0.7% from the year before, but grew 0.3% on the quarter. This better-than-expected news is raising hope that the the 18-month Euro recession is behind us. Spain still declined 1.7% year-over-year, and Italy shrank 2%, but Major European indices rallied, with Germany's DAX (INDEXDB:DAX) rising 0.12% and France's CAC (INDEXEURO:PX1) up 0.33%.
US stock index futures are slightly lower this morning. Dow (INDEXDJX:.DJI) futures were off 0.12% to 15,393 while futures contracts on the S&P 500 (INDEXSP:.INX) slipped 0.12% to 1,688.70. Nasdaq (INDEXNASDAQ:.IXIC) futures rose 0.04% to 3,138.25.
This morning, the US reported that producer prices neither increased nor decreased over the month of July. Economists expected prices to increase by 0.3%. The price of goods at the factory gates rose just 0.1%, excluding food and energy.
The US gets some more economic data later in the morning. At 10:00 a.m., the National Association of Homebuilders' Housing Market Index is expected to print at 56 for August, one point below July's level.
Macy's ( M ) will report second quarter profits after the bell, kicking off a week of consumer retail earnings reports. Analysts expect the company to earn $0.79 per share, up $0.12 from the year earlier. Revenue is likely to rise to $628 billion from $612 billion.
Apple ( AAPL ) shares continued to rise 1.3% in the pre-market after gaining 4.75% yesterday. Activist investor Carl Icahn revealed yesterday that he owns $1.5 billion in Apple shares. He said that even without earnings growth, the company is worth $685 per share since it can borrow so cheaply to repurchase shares.
Boeing ( BA ) shares are down slightly. Japanese carrier All Nippon Airways said that it found yet another fault in the Dreamliner 787. ANA is investigating whether bad wiring may have caused a fire extinguisher malfunction.
Deere & Company ( DE ) shares advanced 0.82% this morning after the agricultural equipment company raised its full-year projection for 2013 profits thanks to better tractor sales in Brazil. For the third fiscal quarter, Deere earned $2.56 per share, beating estimates by $0.39.
Twitter: @vincent_trivett
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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At 10:00 a.m., the National Association of Homebuilders' Housing Market Index is expected to print at 56 for August, one point below July's level. France recorded 0.3% year-over-year growth, beating expectations of a 0.1% decline. Spain still declined 1.7% year-over-year, and Italy shrank 2%, but Major European indices rallied, with Germany's DAX (INDEXDB:DAX) rising 0.12% and France's CAC (INDEXEURO:PX1) up 0.33%.
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France recorded 0.3% year-over-year growth, beating expectations of a 0.1% decline. Spain still declined 1.7% year-over-year, and Italy shrank 2%, but Major European indices rallied, with Germany's DAX (INDEXDB:DAX) rising 0.12% and France's CAC (INDEXEURO:PX1) up 0.33%. For the third fiscal quarter, Deere earned $2.56 per share, beating estimates by $0.39.
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Deere & Company ( DE ) shares advanced 0.82% this morning after the agricultural equipment company raised its full-year projection for 2013 profits thanks to better tractor sales in Brazil. France recorded 0.3% year-over-year growth, beating expectations of a 0.1% decline. Spain still declined 1.7% year-over-year, and Italy shrank 2%, but Major European indices rallied, with Germany's DAX (INDEXDB:DAX) rising 0.12% and France's CAC (INDEXEURO:PX1) up 0.33%.
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France recorded 0.3% year-over-year growth, beating expectations of a 0.1% decline. US stock index futures are slightly lower this morning. Nasdaq (INDEXNASDAQ:.IXIC) futures rose 0.04% to 3,138.25.
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2013-08-14 00:00:00 UTC
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Deere Q3 Earnings Top, Profit Up - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-q3-earnings-top-profit-up-analyst-blog-2013-08-14
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nan
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nan
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Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. The results were ahead of the Zacks Consensus Estimate of $2.16.
Operational Update
Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $9.3 billion, up 4% year over year, including a price rise of 3%, offset by an unfavorable currency translation effect of 1%. Region-wise, equipment net sales were up 4% in the U.S. and Canada and 5% in rest of the world.
Cost of sales in the quarter climbed 1.2% year over year to $6.83 billion. Gross profit during the quarter was $3.17 billion compared to $2.83 billion in the prior-year quarter. Selling, administrative and general expenses increased 4.7% year over year to $919.8 million. Operating profit improved 20% year over year to $1.9 billion.
Operating income of equipment operations rose 28% year over year to $1.44 billion as price realization and higher shipment volumes helped offset an impairment charge relating to long-lived assets, increased production costs and higher selling, administrative and general expenses and unfavorable currency effects.
Segment Performance
The Agriculture & Turf segment sales increased 8% year over year to $7.84 billion, attributable to higher shipment volumes and improved price realization, partially offset by a negative currency translation. Operating profit of the segment improved 32% year over year to $1.33 billion.
The increase in operating profit was based on higher shipment and improved price realization, partially offset by increases in selling, general and administrative expenses, production costs as well as unfavorable foreign exchange effects.
Construction & Forestry experienced an 11% year over year decline in sales to $1.47 billion, due to lower shipment volumes. The segment operating profit fell 5% year over year to $107 million due to lower shipment, partly offset by price realization and lower research and development expenses.
Net revenues at Deere's Financial Services operations were $587 million in the reported quarter, up 4% year over year. Operating profit in this segment was $234 million compared with $170 million in the year-ago quarter. The improvement stemmed from growth in the credit portfolio and higher crop insurance margins, partially offset by an increased provision for credit losses and higher selling, administrative and general expenses.
Financial Position
As of Jul 31, 2013, Deere had cash and cash equivalents of $3.09 billion, down from $3.39 billion as of Jul 31, 2012. Long-term borrowings increased to $21.7 billion as of Jul 31, 2013, from $21.1 billion as of Jul 31, 2012. Net cash flow provided by operating activities was $587.8 million for the nine months of fiscal 2013 compared with cash use of $1.13 billion in the prior-year comparable period.
Looking Forward
Deere expects equipment sales to decrease around 5% year over year for the fourth quarter of fiscal 2013. For the full year, the company continues to expect equipment sales gain of 5%. However, net income projection has been revised from $3.3 billion to $3.45 billion for fiscal 2013.
Segment-wise, Deere reiterated worldwide sales growth guidance of Agriculture and Turf equipment at 7% for fiscal 2013. Higher commodity prices and strong farm incomes are expected to boost demand for farm machinery during the year. Furthermore, Deere's sales are expected to benefit from global expansion and new lines of advanced equipment.
Region-wise, Deere restated that industry farm machinery sales in the U.S. and Canada will increase 5% year over year in 2013. In Europe, sales are projected to be down 5% due to continued deterioration in the overall economy and the poor harvest in the U.K. last year.
Sales in the Commonwealth of Independent States are expected to be moderately lower. Sales in Asia are expected to be flat year over year. Deere expects sales growth of turf and utility equipment in the U.S. and Canada to be about 5%, reflecting improved market conditions.
The company now expects global sales for Construction & Forestry equipment to fall about 8% compared with its earlier expectations for a 5% decline, reflecting a cautious outlook for U.S. economic growth. Global forestry sales are expected to be higher as improved U.S. demand more than offset weakness in European markets. Net income from Financial Services is estimated at around $560 million.
Our View
Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Deere will benefit from relatively high commodity prices and strong farm incomes, recovery in construction sector and strength in Brazil.
Demand for large equipment such as high-horsepower tractors and combines will drive growth. However, continued weakness in the European markets remains concern.
Moline, Ill.-based Deere is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally.
Deere currently holds a Zacks Rank #3 (Hold).
Other stocks in the industrial products sector with a favorable Zacks rank are Alamo Group, Inc. ( ALG ) with a Zacks Rank #1 (Strong Buy) as well as AGCO Corporation ( AGCO ) and CNH Global NV ( CNH ) with a Zacks Rank #2 (Buy).
AGCO CORP (AGCO): Free Stock Analysis Report
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis 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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Our View Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Deere will benefit from relatively high commodity prices and strong farm incomes, recovery in construction sector and strength in Brazil. Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter.
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AGCO CORP (AGCO): Free Stock Analysis Report ALAMO GROUP INC (ALG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. Operational Update Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion.
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Operational Update Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion. Deere & Company ( DE ) reported record third quarter fiscal 2013 (ended Jul 31, 2013) earnings of $996.5 million or $2.56 per share, up roughly 26% from $788 million or $1.98 per share earned in the prior-year quarter. Construction & Forestry experienced an 11% year over year decline in sales to $1.47 billion, due to lower shipment volumes.
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Operational Update Deere's worldwide total sales increased 4% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.3 billion. Net revenues at Deere's Financial Services operations were $587 million in the reported quarter, up 4% year over year. Deere expects sales growth of turf and utility equipment in the U.S. and Canada to be about 5%, reflecting improved market conditions.
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2013-08-14 00:00:00 UTC
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Mid-Day Market Update: Brocade Surges On Upbeat Results, Cree Shares Fall
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DE
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https://www.nasdaq.com/articles/mid-day-market-update-brocade-surges-upbeat-results-cree-shares-fall-2013-08-14
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nan
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Midway through trading Wednesday, the Dow traded down 0.49 percent to 15,374.75 while the NASDAQ declined 0.24 percent to 3,675.46. The S&P also fell, dropping 0.32 percent to 1,688.69.
Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit. Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. Its revenue surged to $10.0 billion from $9.6 billion. However, analysts were estimating earnings of $2.17 per share on revenue of $9.18 billion. Deere also lifted its full-year profit forecast to $3.45 billion.
Equities Trading UPMannKind (NASDAQ: MNKD ) shot up 14.72 percent to $7.87 after the company reported positive clinical data for AFREZZA. Shares of Avanir Pharmaceuticals (NASDAQ: AVNR ) got a boost, shooting up 11.35 percent to $5.09 after the company reported settlement of NUEDEXTA patent litigation with Sandoz. Brocade Communications Systems (NASDAQ: BRCD ) was also up, gaining 13.68 percent to $7.84 after the company reported better-than-expected fiscal third-quarter results.
Equities Trading DOWN Shares of Millennial Media (NYSE: MM ) were down 15.88 percent to $7.15. Millennial Media announced its plans to acquire Jumptap for around $225 million in stock. Analysts at Northland Capital and Canaccord Genuity also downgraded the stock. Cree (NASDAQ: CREE ) shares tumbled 20.51 percent to $60.22 after the company issued a weak forecast for its fiscal first quarter. The ExOne Company (NASDAQ: XONE ) was down, falling 7.16 percent to $70.25 after the company reported a wider-than-expected Q2 loss.
Commodities In commodity news, to $105.79, while gold traded up 0.86 percent to $1,331.90. Silver traded up 1.58 percent Wednesday to $21.68, while copper rose 0.29 percent to $3.33.
Eurozone European shares were mostly higher following The Spanish Ibex Index surged 0.18 percent and the Italian FTSE MIB Index rose 0.37 percent. Meanwhile, the German DAX gained 0.13 percent and the French CAC 40 rose 0.51 percent while U.K. shares fell 0.17 percent.
Economics The Mortgage Bankers Association index of purchase activity declined 4.7 percent in the week ended August 9 versus the earlier week. US wholesale prices came in unchanged in July, while the core PPI rose 0.1 percent. However, economists were projecting the overall PPI to increase 0.3 percent, and the PPI to rise 0.2 percent. Crude oil supplies dropped 2.8 million barrels for the week ended August 9, the US Energy Information Administration reported. However, analysts were expecting a 1.5 million-barrel fall. Fed's James Bullard is expected to speak today.
(c) 2013 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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Shares of Avanir Pharmaceuticals (NASDAQ: AVNR ) got a boost, shooting up 11.35 percent to $5.09 after the company reported settlement of NUEDEXTA patent litigation with Sandoz. Brocade Communications Systems (NASDAQ: BRCD ) was also up, gaining 13.68 percent to $7.84 after the company reported better-than-expected fiscal third-quarter results. Midway through trading Wednesday, the Dow traded down 0.49 percent to 15,374.75 while the NASDAQ declined 0.24 percent to 3,675.46.
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Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. Midway through trading Wednesday, the Dow traded down 0.49 percent to 15,374.75 while the NASDAQ declined 0.24 percent to 3,675.46. Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit.
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Midway through trading Wednesday, the Dow traded down 0.49 percent to 15,374.75 while the NASDAQ declined 0.24 percent to 3,675.46. Eurozone European shares were mostly higher following The Spanish Ibex Index surged 0.18 percent and the Italian FTSE MIB Index rose 0.37 percent. Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit.
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Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. The ExOne Company (NASDAQ: XONE ) was down, falling 7.16 percent to $70.25 after the company reported a wider-than-expected Q2 loss. Silver traded up 1.58 percent Wednesday to $21.68, while copper rose 0.29 percent to $3.33.
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2013-08-14 00:00:00 UTC
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Trade the Earnings: Deere & Company
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DE
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https://www.nasdaq.com/articles/trade-earnings-deere-company-2013-08-14
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nan
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nan
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Earnings Release Date: 08/14/2013
Time: Premarket
Avg. Extended-Hours Dollar Volume: $972,898,843
Earnings Sensitivity (up or down): 2.6%
Deere & Company ( DE ) is due to issue its quarterly earnings report before market open today. Given its history, traders can expect very active trading in the upcoming Premarket session immediately following the company's release of its quarterly earnings. An analysis of historical premarket and after-hours trading activity and liquidity conditions in DE following an earnings release indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement in the following regular session.
Analysts at MidnightTrader have tracked how DE's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. The result of that study is below.
Over the last year, when shares of DE rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 100% of the time over the last 4 quarters the stock dropped further, adding to the extended-hours losses by an average of 1.60% by the following regular session close.
Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
This report was created using historical data and analysis provided by the Midnight Trader Pro service at MidnightTrader.com.
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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Given its history, traders can expect very active trading in the upcoming Premarket session immediately following the company's release of its quarterly earnings. Analysts at MidnightTrader have tracked how DE's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. Over the last year, when shares of DE rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
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Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 100% of the time over the last 4 quarters the stock dropped further, adding to the extended-hours losses by an average of 1.60% by the following regular session close. Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
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Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 100% of the time over the last 4 quarters the stock dropped further, adding to the extended-hours losses by an average of 1.60% by the following regular session close. Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
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Over that same historical period, when shares of DE dropped in the extended-hours in reaction to its earnings announcement, history shows that 100% of the time over the last 4 quarters the stock dropped further, adding to the extended-hours losses by an average of 1.60% by the following regular session close. Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
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85ecbec0-dd5e-4344-836d-7811925c2c70
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722989.0
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2013-08-14 00:00:00 UTC
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Mid-Afternoon Market Update: WageWorks On The Rise As Silver Spring Networks Drops
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DE
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https://www.nasdaq.com/articles/mid-afternoon-market-update-wageworks-rise-silver-spring-networks-drops-2013-08-14
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nan
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nan
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Toward the end of through trading Wednesday, the Dow traded down 0.70 percent to 15,342.75 while the NASDAQ declined 0.36 percent to 3,671.46. The S&P also fell, dropping 0.46 percent to 1,686.69.
Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit. Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. Its revenue surged to $10.0 billion from $9.6 billion. However, analysts were estimating earnings of $2.17 per share on revenue of $9.18 billion. Deere also lifted its full-year profit forecast to $3.45 billion.
Equities Trading UPMannKind (NASDAQ: MNKD ) shot up 12.54 percent to $7.71 after the company reported positive clinical data for AFREZZA. Shares of WageWorks (NYSE: WAGE ) were up as well, gaining 10.76 percent to $44.87 after pricing its 2.97 million share public offering at $40.45 on Tuesday. Brocade Communications Systems (NASDAQ: BRCD ) was also up, gaining 15.22 percent to $7.95 after the company reported better-than-expected fiscal third-quarter results.
Equities Trading DOWN Shares of Millennial Media (NYSE: MM ) were down 18.47 percent to $6.93. Millennial Media announced its plans to acquire Jumptap for around $225 million in stock. Analysts at Northland Capital and Canaccord Genuity also downgraded the stock. Cree (NASDAQ: CREE ) shares tumbled 22.21 percent to $58.95 after the company issued a weak forecast for its fiscal first quarter. Silver Spring Networks (NYSE: SSNI ) were also down, plummeting 28.97 percent to $22.51 after the company lost out on a major contract in the UK this morning.
Commodities In commodity news, oil traded up 0.04 percent to $106.87, while gold traded up 1.04 percent to $1,334.90. Silver traded up 1.83 percent Wednesday to $21.86, while copper rose 0.74 percent to $3.34.
Eurozone European shares were mostly higher following The Spanish Ibex Index surged 0.18 percent and the Italian FTSE MIB Index rose 0.37 percent. Meanwhile, the German DAX gained 0.13 percent and the French CAC 40 rose 0.51 percent while U.K. shares fell 0.17 percent.
Economics The Mortgage Bankers Association index of purchase activity declined 4.7 percent in the week ended August 9 versus the earlier week. US wholesale prices came in unchanged in July, while the core PPI rose 0.1 percent. However, economists were projecting the overall PPI to increase 0.3 percent, and the PPI to rise 0.2 percent. Crude oil supplies dropped 2.8 million barrels for the week ended August 9, the US Energy Information Administration reported. However, analysts were expecting a 1.5 million-barrel fall. Fed's James Bullard is expected to speak today.
(c) 2013 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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Brocade Communications Systems (NASDAQ: BRCD ) was also up, gaining 15.22 percent to $7.95 after the company reported better-than-expected fiscal third-quarter results. Toward the end of through trading Wednesday, the Dow traded down 0.70 percent to 15,342.75 while the NASDAQ declined 0.36 percent to 3,671.46. Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit.
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Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. Toward the end of through trading Wednesday, the Dow traded down 0.70 percent to 15,342.75 while the NASDAQ declined 0.36 percent to 3,671.46. Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit.
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Toward the end of through trading Wednesday, the Dow traded down 0.70 percent to 15,342.75 while the NASDAQ declined 0.36 percent to 3,671.46. Eurozone European shares were mostly higher following The Spanish Ibex Index surged 0.18 percent and the Italian FTSE MIB Index rose 0.37 percent. Top HeadlineDeere & Co (NYSE: DE ) reported a rise in its third-quarter profit.
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Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. Silver traded up 1.83 percent Wednesday to $21.86, while copper rose 0.74 percent to $3.34. Toward the end of through trading Wednesday, the Dow traded down 0.70 percent to 15,342.75 while the NASDAQ declined 0.36 percent to 3,671.46.
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0e5b9f54-e8fa-42f3-b224-a1c7984c735f
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722990.0
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2013-08-14 00:00:00 UTC
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Sector Update: Consumer
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DE
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https://www.nasdaq.com/articles/sector-update-consumer-2013-08-14-1
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nan
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nan
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Consumer shares are mixed in pre-bell trading. Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Revenues increased 4% to $10.010 billion. Analysts expected $2.16 in earnings on $9.2 billion in revenue.
Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year. For the full year, net income attributable to Deere & Company is anticipated to be about $3.45 billion. DE up 0.8% at $84.50.
And Macy's ( M ) is down 2.7% at $47.19 in pre-bell trade as it reports Q2 EPS of $0.72, below the analyst consensus of $0.78 per share on Capital IQ. Sales were $6.066 billion, vs. expectations of $6.25 billion.
The company expects comparable sales in the second half of 2013 to increase in the range of 2.5% to 4%. This would calculate to a full-year 2013 comparable sales increase of 2% to 2.9%, which compares to previous guidance for comparable sales to increase by approximately 3.5%.
Earnings for fiscal 2013 are now expected in the range of $3.80 to $3.90 per diluted share. This compares with previous guidance for earnings per diluted share of $3.90 to $3.95. The Street view is $3.94 per share.
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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Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. For the full year, net income attributable to Deere & Company is anticipated to be about $3.45 billion. And Macy's ( M ) is down 2.7% at $47.19 in pre-bell trade as it reports Q2 EPS of $0.72, below the analyst consensus of $0.78 per share on Capital IQ.
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Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year.
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Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year.
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Deere ( DE ) reports net income of $996.5 million, or $2.56 per share, for Q3, compared with $788.0 million, or $1.98 per share, last year. Company equipment sales are projected to be up about 5%for fiscal 2013 and to decrease by about 5% for Q4 compared with the year-ago periods. Included is an unfavorable currency-translation impact of about 1% for the year.
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0b8f6089-a320-4516-80d9-4c03f9cdafba
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722991.0
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2013-08-13 00:00:00 UTC
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Early Weakness Recovered Again; European Economic Data Shows Continued Growth
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DE
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https://www.nasdaq.com/articles/early-weakness-recovered-again-european-economic-data-shows-continued-growth-2013-08-13
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nan
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nan
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European economic data continued to show improvement in this morning's releases. The eurozone and German ZEW survey of economic expectations rose sharply from the month prior, sparking solid increases in European equity indices. UK indices were modestly higher after generally in-line producer and consumer prices increase for the month of July. Asian indices also showed positive momentum following stories out of Japan that the government was debating lowering corporate tax rates alongside a planned 3% increase in the sales tax.
In the US, a story broke early in the day that activist investor Bill Ackman was resigning from the board of JC Penney ( JCP ), where his firm holds a significant stake, following the board's disapproval of his public statements regarding the search for a new CEO.
July retail sales rose by 0.2% from the prior month, slightly worse than the 0.3% estimate and down from the upwardly revised 0.6% (from 0.4%) reading in the prior month. Sales ex auto and gas rose by 0.4%, in line with expectations and up from unchanged in the prior month. Homebuilder stocks fell by 1% on the day due to the 0.4% monthly decline in building materials in the retail sales report.
US markets showed positive gains in the pre-market session, but quickly lost those gains in the opening minutes of the trading day. Following comments from Atlanta Fed President Lockhart, stating that the reasoning for tapering asset purchases in September and the coming months was becoming less clear, US equities rallied back to their pre-market levels. The tech and financial sectors led while telecom and utilities faltered. US Treasuries remained weak throughout the day due to the weakness in German bunds, which manifested in further weakness for UK gilts.
The US Airways (NYSE:LLC) / American Airlines (NYSE:AAR) merger was put into question with the filing of an antitrust suit by the US Department of Justice. The proposed merger would be disadvantageous for consumers, who would face higher fares and fewer flights between the company's bigger hubs. American Airlines was due to appear in front of a bankruptcy court in two days to present its reorganization plan.
Tomorrow's Financial Outlook
July US producer prices will be released tomorrow morning at 8:30 a.m. EDT. Economists are expecting producer prices to rise 0.3% from the prior month and 2.4% from a year ago. The prior month's rise was 0.8% and 2.5% respectively. As a whole, commodity prices rose sharply in July, but have remained relatively steady since the beginning of June.
In Europe, Germany and France will release the first estimate of 2Q GDP tomorrow. German GDP is expected to grow to an annual rate of 0.7% from -1.4% the quarter prior and French GDP is expected to slow its rate of decline to -0.1% from -0.4%. The other European data point due out is UK employment figures from July.
Earnings that are pertinent to US growth are on the calendar tomorrow. Agilent ( A ), Cisco ( CSCO ), Deere ( DE ), Dick's Sporting Goods ( DKS ), and Macy's (M) will all report.
Twitter: @Minyanville
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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Following comments from Atlanta Fed President Lockhart, stating that the reasoning for tapering asset purchases in September and the coming months was becoming less clear, US equities rallied back to their pre-market levels. UK indices were modestly higher after generally in-line producer and consumer prices increase for the month of July. Asian indices also showed positive momentum following stories out of Japan that the government was debating lowering corporate tax rates alongside a planned 3% increase in the sales tax.
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UK indices were modestly higher after generally in-line producer and consumer prices increase for the month of July. Asian indices also showed positive momentum following stories out of Japan that the government was debating lowering corporate tax rates alongside a planned 3% increase in the sales tax. Homebuilder stocks fell by 1% on the day due to the 0.4% monthly decline in building materials in the retail sales report.
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UK indices were modestly higher after generally in-line producer and consumer prices increase for the month of July. Asian indices also showed positive momentum following stories out of Japan that the government was debating lowering corporate tax rates alongside a planned 3% increase in the sales tax. Homebuilder stocks fell by 1% on the day due to the 0.4% monthly decline in building materials in the retail sales report.
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UK indices were modestly higher after generally in-line producer and consumer prices increase for the month of July. Asian indices also showed positive momentum following stories out of Japan that the government was debating lowering corporate tax rates alongside a planned 3% increase in the sales tax. Homebuilder stocks fell by 1% on the day due to the 0.4% monthly decline in building materials in the retail sales report.
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e50ef927-a852-4a81-b47b-9a5d236edfa2
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722992.0
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2013-08-09 00:00:00 UTC
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August 9: Can the Markets Face the Realistic Levels? - Economic Highlights
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DE
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https://www.nasdaq.com/articles/august-9%3A-can-the-markets-face-the-realistic-levels-economic-highlights-2013-08-09
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nan
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nan
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Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months. This is likely nothing more than summer time behavior, with investors taking profits ahead of an extended low-news, low-volume period.
The flow of economic data lately has generally been positive. The outlook for the U.S. economy was all along favorable, but recent data appears to be indicating improvement and stabilization in other markets as well. This morning's better than expected Chinese industrial production data adds to other recent reports from that country, including this week's trade numbers, indicating that the decelerating trend may have started to ease. Reports out of Europe appear encouraging as well, with the momentum in Germany particularly positive.
If this improving economic backdrop has to provide confirmation for the stock market's strong year-to-date gains, then it needs to start showing up in positive revisions to earnings estimates. We haven't seen that yet. In fact, estimate revisions activity has generally been to the down side for more than a year now and we are seeing that same trend at play in estimates for Q3 now, with estimates sharply down relative to where they stood just a few weeks back. This trend isn't in-sync with a market at these levels.
Including this morning's NRG Energy ( NRG ) and Thursday evening's Priceline ( PCLN ) reports, we now have Q2 results from 452 S&P 500 members or 90.4% of the index's total membership. The Q2 earnings season has ended for 9 of the 16 Zacks sectors, including Finance, Utilities, Energy, Basic Materials, and Construction. A total of 13 S&P 500 companies report Q2 results next week, including Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ) and Deere ( DE ).
Total earnings for these 452 companies are up +2.9%, with 66.4% beating earnings expectations. On the revenue side, we have a growth rate of +2.2%, with 55.1% coming ahead of top-line expectations. This compares to total earnings growth rate of +2.6% on +1.9% higher revenues in Q1 for the same group of 452 companies. In terms of beat ratio, 66.6% of these 302 companies had come out with positive surprises in Q1, while only 43.8% had beat on top-lines in Q1. What this tells us that the growth rates and earnings beat ratio are broadly in-line with what we saw in Q1, while favorable top-line surprises are a bit more common.
This aggregate Q2 picture changes materially once the Finance sector is excluded. Total earnings growth turns negative (-3% excluding Finance vs. +2.9% including Finance) and even the beat ratios are far less numerous. This lack of breadth in the growth picture is troubling given loftier growth expectations from these sectors in the coming quarters. Given what we have seen outside of Finance in Q2, we will have to bring those expectations down to more realistic levels. That process has started already, but it still has plenty of room to go.
DEERE & CO (DE): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
NRG ENERGY INC (NRG): Free Stock Analysis Report
PRICELINE.COM (PCLN): Free Stock Analysis Report
WAL-MART STORES (WMT): 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.
|
This morning's better than expected Chinese industrial production data adds to other recent reports from that country, including this week's trade numbers, indicating that the decelerating trend may have started to ease. If this improving economic backdrop has to provide confirmation for the stock market's strong year-to-date gains, then it needs to start showing up in positive revisions to earnings estimates. A total of 13 S&P 500 companies report Q2 results next week, including Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ) and Deere ( DE ).
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A total of 13 S&P 500 companies report Q2 results next week, including Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ) and Deere ( DE ). DEERE & CO (DE): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PRICELINE.COM (PCLN): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months.
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This morning's better than expected Chinese industrial production data adds to other recent reports from that country, including this week's trade numbers, indicating that the decelerating trend may have started to ease. DEERE & CO (DE): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PRICELINE.COM (PCLN): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months.
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On the revenue side, we have a growth rate of +2.2%, with 55.1% coming ahead of top-line expectations. Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months. This is likely nothing more than summer time behavior, with investors taking profits ahead of an extended low-news, low-volume period.
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695e18c3-4190-4f84-a3bb-27a6fec643fc
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722993.0
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2013-08-09 00:00:00 UTC
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Dog Days of Summer - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/dog-days-summer-ahead-wall-street-2013-08-09
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nan
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nan
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Friday, August 9, 2013
Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months. This is likely nothing more than summer time behavior, with investors taking profits ahead of an extended low-news, low-volume period.
The flow of economic data lately has generally been positive. The outlook for the U.S. economy was all along favorable, but recent data appears to be indicating improvement and stabilization in other markets as well. This morning's better than expected Chinese industrial production data adds to other recent reports from that country, including this week's trade numbers, indicating that the decelerating trend may have started to ease. Reports out of Europe appear encouraging as well, with the momentum in Germany particularly positive.
If this improving economic backdrop has to provide confirmation for the stock market's strong year-to-date gains, then it needs to start showing up in positive revisions to earnings estimates. We haven't seen that yet. In fact, estimate revisions activity has generally been to the down side for more than a year now and we are seeing that same trend at play in estimates for Q3 now, with estimates sharply down relative to where they stood just a few weeks back. This trend isn't in-sync with a market at these levels.
Including this morning's NRG Energy ( NRG ) and Thursday evening's Priceline ( PCLN ) reports, we now have Q2 results from 452 S&P 500 members or 90.4% of the index's total membership. The Q2 earnings season has ended for 9 of the 16 Zacks sectors, including Finance, Utilities, Energy, Basic Materials, and Construction. A total of 13 S&P 500 companies report Q2 results next week, including Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ) and Deere ( DE ).
Total earnings for these 452 companies are up +2.9%, with 66.4% beating earnings expectations. On the revenue side, we have a growth rate of +2.2%, with 55.1% coming ahead of top-line expectations. This compares to total earnings growth rate of +2.6% on +1.9% higher revenues in Q1 for the same group of 452 companies. In terms of beat ratio, 66.6% of these 302 companies had come out with positive surprises in Q1, while only 43.8% had beat on top-lines in Q1. What this tells us that the growth rates and earnings beat ratio are broadly in-line with what we saw in Q1, while favorable top-line surprises are a bit more common.
This aggregate Q2 picture changes materially once the Finance sector is excluded. Total earnings growth turns negative (-3% excluding Finance vs. +2.9% including Finance) and even the beat ratios are far less numerous. This lack of breadth in the growth picture is troubling given loftier growth expectations from these sectors in the coming quarters. Given what we have seen outside of Finance in Q2, we will have to bring those expectations down to more realistic levels. That process has started already, but it still has plenty of room to go.
Sheraz Mian
Director of Research
DEERE & CO (DE): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
NRG ENERGY INC (NRG): Free Stock Analysis Report
PRICELINE.COM (PCLN): Free Stock Analysis Report
WAL-MART STORES (WMT): 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.
|
This morning's better than expected Chinese industrial production data adds to other recent reports from that country, including this week's trade numbers, indicating that the decelerating trend may have started to ease. If this improving economic backdrop has to provide confirmation for the stock market's strong year-to-date gains, then it needs to start showing up in positive revisions to earnings estimates. A total of 13 S&P 500 companies report Q2 results next week, including Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ) and Deere ( DE ).
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A total of 13 S&P 500 companies report Q2 results next week, including Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ) and Deere ( DE ). Sheraz Mian Director of Research DEERE & CO (DE): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PRICELINE.COM (PCLN): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Friday, August 9, 2013 Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months.
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This morning's better than expected Chinese industrial production data adds to other recent reports from that country, including this week's trade numbers, indicating that the decelerating trend may have started to ease. Sheraz Mian Director of Research DEERE & CO (DE): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PRICELINE.COM (PCLN): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Friday, August 9, 2013 Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months.
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On the revenue side, we have a growth rate of +2.2%, with 55.1% coming ahead of top-line expectations. Sheraz Mian Director of Research DEERE & CO (DE): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PRICELINE.COM (PCLN): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Friday, August 9, 2013 Stocks appears on track to maintain the modestly negative tone of recent trading sessions, giving us the first negative week in almost two months.
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e4668794-1f75-49fc-b9d6-47fdd6f8e4ce
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722994.0
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2013-08-09 00:00:00 UTC
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Q2 Earnings Season in the Final Stretch - Earnings Preview
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DE
|
https://www.nasdaq.com/articles/q2-earnings-season-final-stretch-earnings-preview-2013-08-09
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nan
|
nan
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The Q2 earnings season is effectively over, with results from 451 S&P 500 companies, accounting for almost 91.9% of the index's total market capitalization, already out (as of Friday, August 9th). We have already seen Q2 reports from 9 of the 16 Zacks sectors, including Finance, Energy, Basic Materials, and Utilities.
This week brings in reports from a total of 126 companies, including 13 S&P 500 members. The Retail sector, which typically has non-calendar quarter ending periods, has the most number of companies still to report Q2 results. In fact, 47% of the S&P 500 companies whose results are still awaited belong to the Retail sector. This week's line-up of reports has a heavy Retail sector representation, with Wal-Mart ( WMT ), Macy's ( M ), Nordstrom ( JWN ), and Kohl's ( KSS ) reporting results. Other notable companies reporting this week include Cisco ( CSCO ) and Deere ( DE ).
With the bulk of the Q2 earnings season now behind us, we are in a good position to judge the health of corporate earnings.
Looking at the aggregate growth rates, beat ratios, and median surprises, the Q2 earnings season isn't materially different from what we saw in Q1 and over the last few earnings seasons. While we had graded the Q1 earnings season as between 'average' and 'below average', the Q2 earnings season appears to be tracking better than Q1 on improved revenue surprises.
But before buying into the not-so-bad earnings narrative, we should keep in mind that strong numbers from the Finance sector are playing an outsized role in giving respectability to the aggregate earnings picture. One could dispute the legitimacy of the strength in Finance earnings given the not-so-small contribution of reserve releases to the sector's earnings performance. But even keeping this issue aside, there is no dispute about the broad weakness outside of the Finance sector.
Given this broad-based growth weakness, I would give the Q2 earnings season a 'below average' grade, even though total earnings for the quarter will likely reach a new all-time record.
The Q2 Earnings Scorecard
Total earnings for the 451 S&P 500 companies that have reported results already are up +3%, with 66.3% beating earnings expectations and a median surprise of +2.9%. Most of this growth has come from top-line gains, with total revenues for these 451 companies up +2.1% and 55% beating revenue expectations.
The earnings growth rate of +3% compares to +2.6% earnings growth rate in Q1 and the 4-quarter average growth pace of +2.8% for the same set of 451 companies. The earnings beat ratio, which was tracking a bit lower earlier in the reporting cycle, has caught on with historical levels. On the revenue side, the growth of +2.1% compares to +1.9% in Q1 and the 4-quarter average of +2.9% for this group of 451 S&P 500 companies. The revenue beat ratio of 55%, however, is decidedly better than what we saw in Q1 (43.9%) and the 4-quarter average (48.1%).
Strong results from the Finance sector are playing a big role in keeping the aggregate Q2 data in the not-so-bad category. It is very hard to be satisfied with the picture once Finance is excluded from the numbers. With all of the Finance sector's results already in, total earnings for the sector are up +30% on +8.5% higher revenues, with beat ratios of 76.9% for earnings and 65.4% for revenues. Finance's performance has been way better than what we have seen from the group in recent quarters.
Earnings growth was particularly strong at the large national and regional banks, with total earnings at the Major Banks industry, which includes 15 banks like J.P. Morgan ( JPM ), Bank of America ( BAC ), Key Corp ( KEY ) and alone accounts for more than 40% of the sector's total earnings, were up +8.4% from the same period last year. Total earnings for the Major Banks still remained below the group's record tally in Q1. The insurance industry, the second largest contributor to Finance sector earnings, had to deal with tough comparisons, resulting in negative growth in Q2. The brokerage firms benefited from easier comps, with total earnings for the Brokerage/Investment Management industry up +16%.
Not So Good Outside Finance
Strip out Finance from the reports that have come out already and total earnings growth turns negative - down -2.9%. This is weaker than what these same companies reported in Q1. Weakness in the Technology sector spotlights the broad growth challenge outside of Finance, though Basic Materials (total earnings down -11.1%) and Energy (-12.7%) also played roles.
Total earnings for the 87.2% of Tech sector market cap that has reported already are down -10.3% on +1.5% higher revenues, the weakest performance from the sector in a while. Technology is a big area, ranging from hardware makers like Apple ( AAPL ) and Dell ( DELL ) to software vendors like Adobe ( ADBE ) and Microsoft ( MSFT ) and chipmakers like Intel ( INTC ). The hardware and software industries individually bring in roughly 45% and 35% of the Technology sectors total quarterly earnings. In Q2, the modestly positive growth for the software industry was more than offset by weakness at the hardware vendors, with total earnings for the Computer & Office Equipment industry down -6.2% from the same period last year.
The composite Q2 growth rate, where we combine the results for the 451 that have come out with the 49 still to come, is for +2.6% total earnings growth on +2.2% higher revenues. Excluding Finance, the composite earnings growth rate drops to a decline of -2.8%. Bottom line, the earnings picture outside of Finance is very weak.
High Expectations for Second half & Next year
The predominant negative tone of company guidance has started showing up in expectations for Q3 and the second half of the year. As a result, full-year 2013 earnings growth expectations have come down despite the typical positive earnings season outperformance in Q2. The recent downtrend in estimates notwithstanding, there is still plenty of room for estimates to come down.
The chart below plots the current Q3 and Q4 growth expectations in the context of where growth has been over the last few quarters. The current +2.5% expected growth rate in Q3 is down from +3% last week and +5.2% in early July.
The chart below looks at the same data as is in the chart above, but takes Finance out of the numbers. As you can see, a lot of the expected growth in the second half of the year is from sectors outside of the Finance sector.
Given what we have seen thus far in Q2 and in the last few quarters from sectors outside of Finance (above chart), it doesn't seem reasonable to expect a strong growth ramp up later this year. What this means is that we will see further acceleration in negative estimate revisions in the coming weeks as companies guide lower towards Q3 and beyond.
Monday-8/12
Nothing major on theeconomic calendar
Sysco Corp ( SYY ) is the only major earnings report in the morning, while China's Sina Corp ( SINA ) will report after the close.
Tuesday -8/13
We will get the July Retail Sales numbers in the morning, with expectations +0.4% 'headline' growth.
Valspar ( VAL ) is the only notable report in the morning, while JDS Uniphase ( JDSU ), will report after the close.
Wednesday-8/14
We will get the July PPI in the morning, with expectations of +0.5% increase on the 'headline' and +0.2% on the 'core'.
Deere ( DE ) and Macy's ( M ) are the notable companies reporting in the morning, while Cisco ( CSCO ), Agilent ( A ) and NetApp ( NTAP ) will report after the close.
Zacks Earnings ESP or Expected Surprise Prediction, our proprietary leading indicator of earnings surprises, is showing Deere and Agilent coming out with positive earnings surprrises.
To better understand Zacks ESP report, please click here
For more details on Zacks Earnings ESP, please check this video. Click here .
Thursday -8/15
A busy day on theeconomic calendar as in addition to weekly Jobless Claims, we will get the July Industrial Production and August Philly Fed and Empire State Fed regional Fed surveys. Also coming out is the August homebuilder sentiment survey.
Wal-Mart ( WMT ), Kohl's ( KSS ), Este Lauder ( EL ) are some of the notable names reporting in the morning, while Nordstrom ( JWN ) and Applied Materials ( AMAT ) will report after the close.
Friday-8/16
We will get the July Housing Starts number in the morning, with expectations of strong gains both on Starts as well as permits.
Nothing major on theeconomic calendar
Renesola ( SOL ) is the only notable company reporting results today.
Here is a list of the 126 companies reporting this week, including 13 S&P 500 members.
ADOBE SYSTEMS (ADBE): Free Stock Analysis Report
APPLD MATLS INC (AMAT): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
KEYCORP NEW (KEY): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
VALSPAR CORP (VAL): 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 insurance industry, the second largest contributor to Finance sector earnings, had to deal with tough comparisons, resulting in negative growth in Q2. Weakness in the Technology sector spotlights the broad growth challenge outside of Finance, though Basic Materials (total earnings down -11.1%) and Energy (-12.7%) also played roles. The Q2 earnings season is effectively over, with results from 451 S&P 500 companies, accounting for almost 91.9% of the index's total market capitalization, already out (as of Friday, August 9th).
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ADOBE SYSTEMS (ADBE): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KEYCORP NEW (KEY): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report To read this article on Zacks.com click here. The Q2 earnings season is effectively over, with results from 451 S&P 500 companies, accounting for almost 91.9% of the index's total market capitalization, already out (as of Friday, August 9th). Other notable companies reporting this week include Cisco ( CSCO ) and Deere ( DE ).
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Earnings growth was particularly strong at the large national and regional banks, with total earnings at the Major Banks industry, which includes 15 banks like J.P. Morgan ( JPM ), Bank of America ( BAC ), Key Corp ( KEY ) and alone accounts for more than 40% of the sector's total earnings, were up +8.4% from the same period last year. ADOBE SYSTEMS (ADBE): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KEYCORP NEW (KEY): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report To read this article on Zacks.com click here. The Q2 earnings season is effectively over, with results from 451 S&P 500 companies, accounting for almost 91.9% of the index's total market capitalization, already out (as of Friday, August 9th).
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The Q2 earnings season is effectively over, with results from 451 S&P 500 companies, accounting for almost 91.9% of the index's total market capitalization, already out (as of Friday, August 9th). Other notable companies reporting this week include Cisco ( CSCO ) and Deere ( DE ). While we had graded the Q1 earnings season as between 'average' and 'below average', the Q2 earnings season appears to be tracking better than Q1 on improved revenue surprises.
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315ac86e-c95c-4c2d-8802-b86f7fe5d249
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722995.0
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2013-08-01 00:00:00 UTC
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AGCO Reports Record Q2 Earnings - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agco-reports-record-q2-earnings-analyst-blog-2013-08-01
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nan
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nan
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AGCO Corporation ( AGCO ) posted second-quarter 2013 record earnings of $2.15 per share, up 3% from the prior-year quarter's earnings of $2.08 per share. The results comfortably beat the Zacks Consensus Estimate of $1.81.
Operational Updates
Revenues in the reported quarter increased 13% year over year to $3.05 billion and exceeded the Zacks Consensus Estimate of $2.84 billion. Excluding an unfavorable currency translation impact of 0.5%, net revenue increased approximately 13.8%.The growth was mainly driven by strong market demand in South America and the Asia Pacific region.
Cost of sales increased 12% to $2.34 billion in the second quarter from $2.088 billion in the year-ago quarter. Gross profit in the reported quarter was $710 million, up 16% compared with $611 million in the prior-year quarter. Consequently, gross margin expanded 60 basis points (bps) year over year to 23.3% in the quarter.
Selling, general and administrative expenses amounted to $279.7 million, up 10% from the year-ago quarter. Segment income from operations increased 23% to $327 million. Consequently, operating margin expanded 90 bps to 10.7% from the prior-year quarter.
Segmental Performance
The North American region sales increased 8% year over year to $789 million in the quarter. Segment's income from operations improved 27% to $121.6 million from $95.7 million attributed to higher sales, a favorable product mix and margin improvement initiatives.
Sales in South America went up 20% year over year to $540 million in the reported quarter, driven by increased sales in Brazil and Argentina. Income from operations for the segment increased 43% to $59.7 million in the reported quarter. Higher sales and the benefit of cost reduction initiatives contributed to the year-over-year growth.
The EAME (Europe, Africa, and Middle East) region sales were $1,599 million, up 14% from the year-ago quarter. The EAME operating income increased 21% to $204.9 million.
Sales in the Asia Pacific region inflated 19% year over year to $120.3 million in the first quarter. The segment reported a loss from operations of $0.8 million compared with the year-ago profit of $5.1 million.
Financial Update
As of Jun 30, 2013, cash and temporary investments amounted to $680.6 million versus $781.3 million as of Dec 31, 2012. Long-term debt was $1.08 billion as of Jun 30, 2013, compared with $1.03 billion as of Dec 31, 2012. Debt-to-capitalization ratio was flat year on year at 27.3% as of Jun 30, 2013. Cash flow from operating activities was $65 million in the first half of fiscal 2013, versus a usage of $188.2 million in the prior-year comparable period.
Outlook
AGCO increased its full year 2013 earnings per share guidance to $6.00 from the previous range of $5.50-$5.70. The company also raised full-year revenue band to $10.8-$11 billion from $10.5-$10.7 billion. Growth in South America and North America is expected to be offset by modest declines in Western Europe. Global industry demand is expected to be relatively flat in 2013 compared to 2012.
AGCO also expects gross margin to improve in 2013 compared with 2012, but will be somewhat affected by increased market development expenses and higher engineering expenditures to meet Tier 4 final emission requirements.
Our View
The company remains committed to its plans of expanding its business in international markets. It expects elevated agricultural commodity prices in 2013 to support healthy farm income and sustain a stable equipment demand.
Duluth, Ga.-based AGCO is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, as well as related replacement parts.
AGCO currently retains a short-term Zacks Rank #3 (Hold). Other companies in the machinery and farming industry are Lindsay Corporation ( LNN ), Deere & Co ( DE ) and CNH Global NV ( CNH ).
AGCO CORP (AGCO): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis 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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Excluding an unfavorable currency translation impact of 0.5%, net revenue increased approximately 13.8%.The growth was mainly driven by strong market demand in South America and the Asia Pacific region. AGCO also expects gross margin to improve in 2013 compared with 2012, but will be somewhat affected by increased market development expenses and higher engineering expenditures to meet Tier 4 final emission requirements. It expects elevated agricultural commodity prices in 2013 to support healthy farm income and sustain a stable equipment demand.
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Operational Updates Revenues in the reported quarter increased 13% year over year to $3.05 billion and exceeded the Zacks Consensus Estimate of $2.84 billion. Other companies in the machinery and farming industry are Lindsay Corporation ( LNN ), Deere & Co ( DE ) and CNH Global NV ( CNH ). AGCO CORP (AGCO): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Operational Updates Revenues in the reported quarter increased 13% year over year to $3.05 billion and exceeded the Zacks Consensus Estimate of $2.84 billion. AGCO CORP (AGCO): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here. Excluding an unfavorable currency translation impact of 0.5%, net revenue increased approximately 13.8%.The growth was mainly driven by strong market demand in South America and the Asia Pacific region.
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Operational Updates Revenues in the reported quarter increased 13% year over year to $3.05 billion and exceeded the Zacks Consensus Estimate of $2.84 billion. Excluding an unfavorable currency translation impact of 0.5%, net revenue increased approximately 13.8%.The growth was mainly driven by strong market demand in South America and the Asia Pacific region. Consequently, gross margin expanded 60 basis points (bps) year over year to 23.3% in the quarter.
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2b49b28a-da87-446d-9a6e-2546bef53dfb
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722996.0
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2013-07-25 00:00:00 UTC
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How John Deere Led To My 11 Shocking Predictions For 2014
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DE
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https://www.nasdaq.com/articles/how-john-deere-led-my-11-shocking-predictions-2014-2013-07-25
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nan
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nan
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Innovation is the most powerful force an investor can harness.
It supercharges companies and helps them deliver outsized results.
By using a relatively small allocation of yourequity portfolio's assets, you can effectively capture these returns and have the potential to build greaterwealth at what I believe to be the least amount of risk and the least amount of effort.
Lots of companies can execute. Solid execution achieves predictablecash flows and solid dividends. That's admirable. But itwill not move the needle on your portfolio -- it will merely add anincome stream.
My mission as editor of Game-ChangingStocks is to deliver these game-changers to my subscribers. I spend all my time getting to know companies like Google and considering which companies might be on to The Next Big Thing.
For instance, in 2009 I told subscribers of my premium newsletter that there would be a big move in nanotechnology. In the months that followed, our nanotech pick shot up 293%.
Today, I'd like to share with you the story of one of the very first game-changers. And while it might not be as exciting as some of the innovative companies I regularly cover -- believe me, it's still a pioneer in its field.
One Of The First American Game-Changers
The fact is, he didn't really need themoney .
Though he was young, he had a good trade and made a good living. His rural Vermont customers respected him, and he had more orders than he could fill.
In New England in the early 19th century, this was what affluence looked like. But for a twist of fate, that might have been the end of the story...
When, unexpectedly, theeconomy took a turn, and the 32-year-old blacksmith found himself headed west to seek a new opportunity. He landed in Grand Detour, Ill., and set up shop.
Right away, the farmers he'd traveled with from back east found trouble. Their plows simply didn't work. Dull iron blades did fine in New England dirt, which was sandy, but the richblack dirt in the Midwest stuck to the heavy-bottom plows like cake batter.
So the blacksmith threw out the old "eastern plow" and designed a new model, curved on the bottom and built not from iron but from highly polished steel sawmill blade. The locals hooted. Then they saw it in action. The new plow -- lighter and more agile -- not only did a better job but did it much quicker.
John Deere had a hit.
He didn't stop. He made plows as fast as he could (they sold like hotcakes), and he refined the design constantly, once changing specifications for a plow 10 times in oneyear . His son came aboard, and the company expanded into other types of plows and other implements, always delivering a faster, more efficient way of planting andharvesting crops.
Deere & Co. ( DE ) equipment, painted in its familiar green, is still thegold standard on the farm. To this day, the company still can't turn out equipment fast enough. Even if you have $400,000 -- the base price of Deere's latest combine -- the waiting list could be a year or more, according to the Deere representative I checked with.
What is the value of such innovation? During just the past 10 years, this innovator has outperformed the S&P 500 by afactor of six .
But this example of one of history's most influential innovators isn't just an interesting story. It's a playbook for literally millions of dollars in alpha for YOUR portfolio. You see, I believe that by knowing history, we're better prepared tocapitalize when it repeats itself.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So the blacksmith threw out the old "eastern plow" and designed a new model, curved on the bottom and built not from iron but from highly polished steel sawmill blade. His son came aboard, and the company expanded into other types of plows and other implements, always delivering a faster, more efficient way of planting andharvesting crops. Deere & Co. ( DE ) equipment, painted in its familiar green, is still thegold standard on the farm.
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It supercharges companies and helps them deliver outsized results. Solid execution achieves predictablecash flows and solid dividends. My mission as editor of Game-ChangingStocks is to deliver these game-changers to my subscribers.
|
He made plows as fast as he could (they sold like hotcakes), and he refined the design constantly, once changing specifications for a plow 10 times in oneyear . It supercharges companies and helps them deliver outsized results. Solid execution achieves predictablecash flows and solid dividends.
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It supercharges companies and helps them deliver outsized results. Solid execution achieves predictablecash flows and solid dividends. My mission as editor of Game-ChangingStocks is to deliver these game-changers to my subscribers.
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9fb4f3e3-3f0b-4907-b4c8-80724c6d6c34
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722997.0
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2013-07-24 00:00:00 UTC
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Bear of the Day: Deere (DE) - Bear of the Day
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DE
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https://www.nasdaq.com/articles/bear-day-deere-de-bear-day-2013-07-24
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nan
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Deere & CO ( DE ) is seeing estimates for 2014 slide deeper and as a result it is a Zacks Rank #4 (Sell). It is the Bear of the Day.
A Few Recent Downgrades
Over the last few weeks, a few brokerages may lowered their ratings on DE. The most recent was Piper Jaffray, which lowered their rating from Overweight to Neutral during the second week of July. That followed an even bigger call from JP Morgan in late June. The brokerage lowered their rating from Neutral to Underweight on the stock.
Company Description
Deere makes agriculture and turf equipment, and construction and forestry equipment. Its Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters. Deere was founded in 1837 and is headquartered in Moline, Illinois.
Earnings History
The company has a relatively good history of beating the number. In each of the last two quarters they were able to post a positive earnings surprise. The two quarters preceding those were another story. Two straight misses, including one with a negative earnings surprise of more than 14% takes the luster off the two recent beats.
Earnings Estimates Stuck In The Mud
Estimates for DE have declined of late. The 2013 estimates are moving lower, but not by that much. Peaking at $8.59 in April they have ticked lower to $8.52. But that is not where the real pessimism is.
The 2014 Zacks Consensus Estimate has moved lower in each month since it reached a high of $8.93 in February. The number dipped to $8.67 in May and is now down to $8.53.
The question becomes when will estimates stop falling?
Valuation
The valuation picture for DE is a little mixed... with a good PE valuation and a concern over the price to book. At 10x, the multiple for both trailing and forward PE, DE compares favorably to the industry average of 14x. The 4x price to book multiple, however, is much higher than the 2.5x industry average. Price to sales is in line with the industry average. When looking at growth rates, investors would likely be concerned by a -2.5% top line growth rate in 2013 and a 0.2% increase for 2014. Similarly, EPS growth expectations of 0.2% for 2014 do not compare favorably with the 12% industry average.
The Chart
The price and consensus chart really shows the story of a stock that had been a darling of Wall Street over the last few years but has recently run into trouble. The colored lines represent different years earnings estimates, and the nice 45 degree angle has not only flattened out, it has turned around. If estimates continue to decrease, the stock price will likely follow the estimates lower.
Brian Bolan is a Stock Strategist for Zacks.com. He is the Editor in charge of the Zacks Home Run Investor service , a Buy and Hold service where he recommends the stocks in the portfolio.
Brian is also the editor of Breakout Growth Trader a trading service that focuses on small cap stocks and also carries a risk limiting strategy. Subscribers get daily emails along with buy, and sell alerts.
Follow Brian Bolan on twitter at @BBolan1
Like Brian Bolan on Facebook
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 colored lines represent different years earnings estimates, and the nice 45 degree angle has not only flattened out, it has turned around. Brian is also the editor of Breakout Growth Trader a trading service that focuses on small cap stocks and also carries a risk limiting strategy. Deere & CO ( DE ) is seeing estimates for 2014 slide deeper and as a result it is a Zacks Rank #4 (Sell).
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At 10x, the multiple for both trailing and forward PE, DE compares favorably to the industry average of 14x. Deere & CO ( DE ) is seeing estimates for 2014 slide deeper and as a result it is a Zacks Rank #4 (Sell). A Few Recent Downgrades Over the last few weeks, a few brokerages may lowered their ratings on DE.
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Earnings Estimates Stuck In The Mud Estimates for DE have declined of late. If estimates continue to decrease, the stock price will likely follow the estimates lower. Follow Brian Bolan on twitter at @BBolan1 Like Brian Bolan on Facebook DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings Estimates Stuck In The Mud Estimates for DE have declined of late. If estimates continue to decrease, the stock price will likely follow the estimates lower. Deere & CO ( DE ) is seeing estimates for 2014 slide deeper and as a result it is a Zacks Rank #4 (Sell).
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2013-07-11 00:00:00 UTC
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Deere Posts Mixed Retail Sales in May - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-posts-mixed-retail-sales-in-may-analyst-blog-2013-07-11
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Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) fell 1.2% after it announced mixed retail sales for May.
Sales Performance
In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were flat in May, compared to the industry wide sales growth of 4%. Deere's inventory was reported to be lower than the industry wide inventory of utility tractors, which stood at 49% of the previous 12 months sales.
However, sales of row crop tractor outperformed the industry growth rate of 27% during the month. The industry inventory of row crop tractors were 33% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. Sales of four-wheel drive tractor sales decreased in double digits in May, in stark contrast to the 8% growth witnessed across the industry during the month. Deere's inventory for the four-wheel drive tractor was in line with the industry inventory at 23% of the previous 12 months sales.
Combine sales fared better, pitted against 18% growth in the industry. Deere's inventory for the combines was slightly lower than the industry inventory at 20% of the previous 12 months sales. Retail sales of selected turf and utility equipment were up in double digits. In Europe, retail sales of tractors were up in low double digits, while combine sales went down by double digit. Coming to the Construction and forestry segment, sales went up in single digits.
Compared with the company's performance in April, sales for utility tractor remained the same while row crop tractors fared better. Sales for four-wheel drive contracted by double digits in May as compared with low double-digits decline in April. In Europe, tractor sales were up in low double digits as against single-digit contraction in April. Combine sales contracted in double digits versus flat sales in April.
Peer's Performance
Deere's performance was better than that of Caterpillar Inc. ( CAT ). Sales growth for the construction and mining equipment continued to be in the red with a decline of 7% in May, the sixth consecutive month of decline.
Earnings and Expectations
Deere reported record second quarter 2013 earnings of $2.76 per share, up 6% year over year. Quarterly sales also increased 9% to $10.9 billion. Both were ahead of the respective Zacks Consensus Estimates. The Agriculture & Turf segment sales increased 12% to $8.69 billion, attributable to higher shipment volumes and improved price realization, partially offset by a negative currency translation. Construction & Forestry experienced a 6% year-over-year decline in sales to $1.57 billion, due to lower shipment volumes.
Deere expects equipment sales to grow around 3% in the third quarter of fiscal 2013 and 5% for the full year. Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 7% in fiscal 2013. Higher commodity prices and strong farm incomes are expected to boost demand for farm machinery during the year. Furthermore, Deere's sales are expected to benefit from global expansion and new lines of advanced equipment.
Construction & Forestry equipment are expected to decline 5% in 2013, driven by cool, wet weather conditions in North America, flat sales in world forestry markets and reflecting a cautious outlook for the U.S. economic growth. Weakness in the European markets will continue to affect the forestry markets.
Conclusion
Deere will benefit from recovery in construction sector and strength in Brazil. However, continued weakness in the European markets, additional import duty imposed in Russia, Kazakhstan and Belarus, margin headwinds that include higher production costs associated with interim Tier 4 as well as global growth expenses remain concerns.
Deere currently retains a Zacks Rank #3 (Hold). Other stocks in the same industry that are worth a look include Kubota Corporation ( KUB ), which retains a Zacks Rank #1 (Strong Buy), and Lindsay Corporation ( LNN ), which carries a short-term Zacks Rank #2 (Buy).
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): Get Free 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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Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) fell 1.2% after it announced mixed retail sales for May. However, continued weakness in the European markets, additional import duty imposed in Russia, Kazakhstan and Belarus, margin headwinds that include higher production costs associated with interim Tier 4 as well as global growth expenses remain concerns. Sales Performance In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were flat in May, compared to the industry wide sales growth of 4%.
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Sales Performance In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were flat in May, compared to the industry wide sales growth of 4%. The industry inventory of row crop tractors were 33% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report LINDSAY CORP (LNN): Free Stock Analysis Report To read this article on Zacks.com click here.
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Sales Performance In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were flat in May, compared to the industry wide sales growth of 4%. The industry inventory of row crop tractors were 33% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. Sales of four-wheel drive tractor sales decreased in double digits in May, in stark contrast to the 8% growth witnessed across the industry during the month.
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Sales Performance In the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were flat in May, compared to the industry wide sales growth of 4%. Construction & Forestry equipment are expected to decline 5% in 2013, driven by cool, wet weather conditions in North America, flat sales in world forestry markets and reflecting a cautious outlook for the U.S. economic growth. Shares of agricultural, forestry and construction equipment manufacturer Deere & Company ( DE ) fell 1.2% after it announced mixed retail sales for May.
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d99aafe3-85fb-40e8-b860-3c0ba575f0c6
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722999.0
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2013-07-09 00:00:00 UTC
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After Hours Most Active for Jul 9, 2013 : SIRI, MO, MU, AA, QQQ, INTC, DE, FB, S, NOK, ECA, MSFT
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DE
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https://www.nasdaq.com/articles/after-hours-most-active-jul-9-2013-siri-mo-mu-aa-qqq-intc-de-fb-s-nok-eca-msft-2013-07-09
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up .41 to 2,984.73. The total After hours volume is currently 29,253,697 shares traded.
The following are the most active stocks for the after hours session :
Sirius XM Radio Inc. ( SIRI ) is -0.005 at $3.59, with 3,604,187 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
Altria Group ( MO ) is +0.0595 at $36.33, with 2,007,559 shares traded. MO's current last sale is 96.88% of the target price of $37.5.
Micron Technology, Inc. ( MU ) is +0.045 at $13.18, with 1,968,318 shares traded. Over the last four weeks they have had 13 up revisions for the earnings forecast, for the fiscal quarter ending Aug 2013. The consensus EPS forecast is $0.2. MU's current last sale is 94.14% of the target price of $14.
Alcoa Inc. ( AA ) is -0.0101 at $7.90, with 1,656,458 shares traded. AA's current last sale is 87.78% of the target price of $9.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.05 at $73.04, with 1,579,177 shares traded. This represents a 19.13% increase from its 52 Week Low.
Intel Corporation ( INTC ) is +0.005 at $23.14, with 1,312,306 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.5. INTC's current last sale is 100.61% of the target price of $23.
Deere & Company ( DE ) is +0.4045 at $84.31, with 1,208,838 shares traded. DE's current last sale is 88.29% of the target price of $95.5.
Facebook, Inc. ( FB ) is +0.09 at $25.57, with 1,194,424 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Sprint Nextel Corporation ( S ) is +0.02 at $7.08, with 1,140,727 shares traded. S's current last sale is 101.14% of the target price of $7.
Nokia Corporation ( NOK ) is +0.03 at $4.25, with 1,086,830 shares traded. As reported in the last short interest update the days to cover for NOK is 11.796146; this calculation is based on the average trading volume of the stock.
Encana Corporation ( ECA ) is -0.025 at $17.03, with 1,000,900 shares traded. ECA's current last sale is 80.14% of the target price of $21.25.
Microsoft Corporation ( MSFT ) is unchanged at $34.35, with 797,912 shares traded. MSFT's current last sale is 95.42% of the target price of $36.
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 after hours session : Sirius XM Radio Inc. ( SIRI ) is -0.005 at $3.59, with 3,604,187 shares traded. The total After hours volume is currently 29,253,697 shares traded. Altria Group ( MO ) is +0.0595 at $36.33, with 2,007,559 shares traded.
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The total After hours volume is currently 29,253,697 shares traded. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following are the most active stocks for the after hours session : Sirius XM Radio Inc. ( SIRI ) is -0.005 at $3.59, with 3,604,187 shares traded.
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Encana Corporation ( ECA ) is -0.025 at $17.03, with 1,000,900 shares traded. The total After hours volume is currently 29,253,697 shares traded. The following are the most active stocks for the after hours session : Sirius XM Radio Inc. ( SIRI ) is -0.005 at $3.59, with 3,604,187 shares traded.
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DE's current last sale is 88.29% of the target price of $95.5. The total After hours volume is currently 29,253,697 shares traded. The following are the most active stocks for the after hours session : Sirius XM Radio Inc. ( SIRI ) is -0.005 at $3.59, with 3,604,187 shares traded.
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9efffbcf-86dc-4173-8671-2e204536acb5
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