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723000.0
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2013-07-02 00:00:00 UTC
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Stock Market News for July 2, 2013 - Market News
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DE
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https://www.nasdaq.com/articles/stock-market-news-for-july-2-2013-market-news-2013-07-02
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nan
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nan
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Encouraging reports on the home front from manufacturing and construction sectors guided the benchmarks to a finish in the green on Monday. Markets opened higher on the first trading day of the third quarter after declining on Friday. Meanwhile, factory activity in China, the world's second largest economy, declined in June. The industrial sector was the biggest gainer among the S&P 500 industry groups. Utilities stocks were the only losers.
For a look at the issues facing today's markets, read our Ahead of Wall Street for July 2 article.
The Dow Jones Industrial Average (DJI) gained 0.4% to close the day at 14,974.96. The S&P 500 added 0.5% to finish yesterday's trading session at 1,614.96. The tech-laden Nasdaq Composite Index rose 0.9% to end at 3,434.49. The fear-gauge CBOE Volatility Index (VIX) declined 2.9% to settle at 16.37. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.0 billion shares, lower than 2013's average of 6.4 billion shares. Advancing stocks outnumbered the decliners. For the 70% that advanced, only 27% declined.
Major indices chalked up gains on the first trading session of the third quarter. The S&P 500 gained nearly 1.3% in the early hours of trading. But the index lost more than half of its early gains after investors booked profits. Markets have enjoyed a decent rally in the first half of 2013 and the S&P 500 surged 12.6% during that period. The rally in the stock markets this year was primarily driven by the Federal Reserve's bond buying program.
According to the Institute of Supply Management, U.S. manufacturing activity expanded in the month of June. The manufacturing index climbed to 50.9 in June from the previous month's figure of 49. This is marginally higher than the consensus estimate of 50.5. Expansion in the manufacturing sector was boosted by an increase in new orders, exports and production. The New Orders Index moved up to 51.9 from the May's figure of 48.8 whereas the Production Index jumped to 53.4 from 48.6. On the other hand, employment in the manufacturing sector declined to its lowest level in nearly four years. This indicates that the upcoming jobs report due on Friday might show reduced employed figures for factories for the fourth consecutive month.
Meanwhile, the U.S. Census Bureau of the Department of Commerce reported that construction spending increased for the month of May. According to the report, construction spending increased to $874.9 billion from April's revised figure of $870.3 billion. Private construction came in at $605.4 billion from $605.7 billion recorded in April. Public construction gained 1.8% in May to touch $269.5 billion from the revised April figure of $264.7 billion.
On the international front, growth concerns for China resurfaced after it released discouraging reports on the manufacturing sector. Both official and the private sector PMI measures for June showed that manufacturing activity declined in China. The official PMI declined to 50.1 in June from May's figure of 50.8. The HSBC/Markit, PMI fell to 48.2 for the month of June from May's final figure of 49.2. The HSBC/Markit PMI has touched its lowest level in nearly one year.
The industrial sector was the biggest gainer among the S&P 500 industry groups. The Industrial Select Sector SPDR (XLI) gained 1.0%. Stocks such as United Parcel Service, Inc. (NYSE: UPS ), Union Pacific Corporation (NYSE: UNP ), Deere & Company (NYSE: DE ) United Technologies Corporation (NYSE: UTX ) and General Electric Company (NYSE: GE ) increased 0.7%, 0.7%, 0.1%, 1.9% and 0.7%, respectively.
The utilities sector was the only loser among the S&P 500 industry groups and the Utilities SPDR (XLU) lost 1.3%. Stocks such as Public Service Enterprise Group Inc. (NYSE: PEG ), NRG Energy Inc (NYSE: NRG ), Exelon Corporation (NYSE: EXC ), Duke Energy Corp (NYSE: DUK ) and Wisconsin Energy Corporation (NYSE: WEC ) declined 2.5%, 1.7%, 1.8%, 1.0% and 1.7%, respectively.
DEERE & CO (DE): Free Stock Analysis Report
DUKE ENERGY CP (DUK): Free Stock Analysis Report
EXELON CORP (EXC): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
NRG ENERGY INC (NRG): Free Stock Analysis Report
PUBLIC SV ENTRP (PEG): Free Stock Analysis Report
UNION PAC CORP (UNP): Free Stock Analysis Report
UTD PARCEL SRVC (UPS): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
WISC ENERGY CP (WEC): 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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Encouraging reports on the home front from manufacturing and construction sectors guided the benchmarks to a finish in the green on Monday. Markets opened higher on the first trading day of the third quarter after declining on Friday. Meanwhile, factory activity in China, the world's second largest economy, declined in June.
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Stocks such as United Parcel Service, Inc. (NYSE: UPS ), Union Pacific Corporation (NYSE: UNP ), Deere & Company (NYSE: DE ) United Technologies Corporation (NYSE: UTX ) and General Electric Company (NYSE: GE ) increased 0.7%, 0.7%, 0.1%, 1.9% and 0.7%, respectively. Stocks such as Public Service Enterprise Group Inc. (NYSE: PEG ), NRG Energy Inc (NYSE: NRG ), Exelon Corporation (NYSE: EXC ), Duke Energy Corp (NYSE: DUK ) and Wisconsin Energy Corporation (NYSE: WEC ) declined 2.5%, 1.7%, 1.8%, 1.0% and 1.7%, respectively. DEERE & CO (DE): Free Stock Analysis Report DUKE ENERGY CP (DUK): Free Stock Analysis Report EXELON CORP (EXC): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PUBLIC SV ENTRP (PEG): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WISC ENERGY CP (WEC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Both official and the private sector PMI measures for June showed that manufacturing activity declined in China. Stocks such as Public Service Enterprise Group Inc. (NYSE: PEG ), NRG Energy Inc (NYSE: NRG ), Exelon Corporation (NYSE: EXC ), Duke Energy Corp (NYSE: DUK ) and Wisconsin Energy Corporation (NYSE: WEC ) declined 2.5%, 1.7%, 1.8%, 1.0% and 1.7%, respectively. DEERE & CO (DE): Free Stock Analysis Report DUKE ENERGY CP (DUK): Free Stock Analysis Report EXELON CORP (EXC): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report NRG ENERGY INC (NRG): Free Stock Analysis Report PUBLIC SV ENTRP (PEG): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WISC ENERGY CP (WEC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Markets opened higher on the first trading day of the third quarter after declining on Friday. The New Orders Index moved up to 51.9 from the May's figure of 48.8 whereas the Production Index jumped to 53.4 from 48.6. Both official and the private sector PMI measures for June showed that manufacturing activity declined in China.
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74ccf176-2d83-4b64-ad76-7f02d0ffe39e
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723001.0
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2013-06-28 00:00:00 UTC
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Bear of the Day: Titan International (TWI) - Bear of the Day
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DE
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https://www.nasdaq.com/articles/bear-day-titan-international-twi-bear-day-2013-06-28
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nan
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nan
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High tire inventories in the machinery and mining industries is biting the tire manufacturers. Titan International Inc. ( TWI ) recently announced it would lower 2013 guidance as a result. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by over 12% in 2013.
Titan International supplies wheels, tires and assemblies for off-highway equipment used in agriculture and earthmoving/construction.
When agriculture and mining was booming, tire sales were too. In 2011, the farmers took home record income and Titan's earnings jumped 253%.
Warns on 2013
But the agriculture sector and the commodities industry has cooled. On June 7, in a press release, CEO Maurice Taylor provided commentary regarding the first five months of 2013 and discussed the build-up in tire inventories.
He emphasized that there is no tire shortage. On the contrary, millions of dollars in tires have been dropped in the aftermarket from the OEM's in the farm and construction industries. Those tires have now been released.
Titan sees this a a bump in the road for a few months until things get back to normal.
The selling price of Titan's tires is also going down because its material cost has been dropping.
Titan will be adjusting its December 2012 full year guidance, but it wanted to gather further information from the mining companies and their inventories before doing so.
Estimates Cut
The analysts know what this means. Obviously, the guidance will be cut so the estimates must be cut as well.
The 2013 Zacks Consensus plunged to $1.69 from $2.15 just 30 days before, as 3 estimates were cut. That is an earnings decline of 12.6% from 2012.
The 2014 Zacks Consensus was also swiftly cut to $2.16 from $2.74.
Titan is scheduled to report earnings on July 24, so there will certainly be an update on business at that time.
The 5-year earnings surprise chart tells the tale, however. There have been 2 big misses in the last 2 quarters.
Over the short term, Titan may not be the place for investors to be. However, the company does sport a cheap valuation with a forward P/E of just 9.7.
If you want to play the agriculture sector, both CNH Global ( CNH ) and Deere ( DE ), which make the actual machinery, are higher ranked Zacks Rank #3 (Hold) stocks.
Want More of Our Best Recommendations?
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Learn More>>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Turnaround Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec .
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TITAN INTL INC (TWI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 June 7, in a press release, CEO Maurice Taylor provided commentary regarding the first five months of 2013 and discussed the build-up in tire inventories. Titan will be adjusting its December 2012 full year guidance, but it wanted to gather further information from the mining companies and their inventories before doing so. Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.
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If you want to play the agriculture sector, both CNH Global ( CNH ) and Deere ( DE ), which make the actual machinery, are higher ranked Zacks Rank #3 (Hold) stocks. CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by over 12% in 2013.
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If you want to play the agriculture sector, both CNH Global ( CNH ) and Deere ( DE ), which make the actual machinery, are higher ranked Zacks Rank #3 (Hold) stocks. CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by over 12% in 2013.
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That is an earnings decline of 12.6% from 2012. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by over 12% in 2013. On June 7, in a press release, CEO Maurice Taylor provided commentary regarding the first five months of 2013 and discussed the build-up in tire inventories.
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16f4cadd-85e1-464f-bdbe-b20f8cc6387c
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723002.0
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2013-06-28 00:00:00 UTC
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3 Discounted Stocks On The Verge Of A Huge Rebound
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DE
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https://www.nasdaq.com/articles/3-discounted-stocks-verge-huge-rebound-2013-06-28
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nan
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nan
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As many companies have spent the past few years rebuilding theirsales and profits after a deep slide in 2008 and 2009, a handful of companies are still struggling to regain altitude. Their ownincome statements were decimated by a string of self-induced wounds, and most investors have chosen to shun thesestocks .
Yet three badly wounded firms are now on the mend. As they complete theirturnaround plans, considerable share pricegains may lie ahead.
1. NII Holdings (Nasdaq: NIHD)
This provider of wireless telecom services in Latin America was done in by brutal price wars and a debt-ladenbalance sheet . The price wars deeply cut intocash flow , which raised serious concerns about NIHD'sability to pay off itsloans . By the end of 2012, totaldebt stood at $4.9 billion, and the company's annual net interest expense approached $400 million ayear .
Those debt concerns pushedshares down from $40 in early 2011 to just $4 this past spring, asbankruptcy concerns started to circulate. In response, management announced plans to sell its Peruvian division for an estimated $400 million. That would not only bring in some badly neededcash -- it would also give a sense that NIHD's other operating divisions were worth more than the share price was reflecting.
At the time, management noted that otherasset sales in Argentina and Chile were possible, which would further clean up the balance sheet and allow management to focus on the more lucrative Brazilian and Mexican divisions. Those comments quickly catapulted shares above $7, aided in large part by a massiveshort squeeze , and further asset sales a few weeks later pushed shares past $9. However, shares have drifted back down below $6.50 in recent weeks on concerns that intensely competitive markets could hamperpricing power and cash flow.
Yet there's acatalyst in place for a rebound back to that $9 level. New management, which took the reins in early May, is tasked with boosting cash flow -- or selling assets -- in the all of the company's local divisions.Analysts at Wells Fargo ( WFC ) suggest that the base of assets are worth $13 to $15 a share, net of debt, and even if you apply a hefty discount to that view, thisstock would still move toward the $10 mark when further asset sales are announced.
2. Maxwell Technologies (Nasdaq: MXWL)
Back in 2011, this company's "ultra-capacitor" technology gained considerable buzz, pushing its stock above $20. But a slowdown in demand in Europe and China, coupled with anaccounting scandal, nearly kicked this company off of theNasdaq .
I recounted this company's challenges in a recent column on our sister site, ProfitableTrading.com, and my key conclusion still stands: Despite the mess created by the accounting scandal, "Maxwell's business is still holding its own right now, and the great promise for its ultra-capacitors remains fully intact." At this point, investors need to await the second-quarter conferencecall , which should be held in four to six weeks. Once it becomes clear that Maxwell is closer to putting its accounting troubles to bed, this stock could see a solid reliefrally .
3. Titan International ( TWI )
This maker of massive tires used in mining and construction appeared poised for a solid 2013 -- until its key customers decided to make its life miserable. Customers such as Deere ( DE ) , Caterpillar ( CAT ) and others spotted a slowdown for their own large equipment, and in a bid to build cash flow, decided to unload a hefty amount of accumulated tireinventory on theopen market .
Analysts predict Titanwill suffer a brutal summer as orders dry up. Estimates for the second and thirdquarters have been slashed, and these analysts now see Titan earning around $1.70 a share this year, well below the $2.30 a share forecast in place a few months ago. Adding insult to injury, the slowdown in demand will blunt the solid momentum analysts had expected Titan to generate in 2014, as itsearnings per share was expected to approach $3. Now, that view is closer to $2 a share.
Still, the long-termearnings power remains in place. Tires wear out, after all. And the stock's quick plunge of nearly 40% from February, to a recent $16.50, more than accounts for the expected near-term weakness.
Risks to Consider: These businesses also operate in economically sensitive environments, and each derives a large portion of sales inemerging markets , which may or may not be on the cusp of slowing sharply.
Action to Take --> All three of these companies will discuss theseissues on their upcoming conference calls, and if investors develop a sense that the worst of their problems may have passed, then the heavily discounted shares should see solid newsupport .
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.
|
I recounted this company's challenges in a recent column on our sister site, ProfitableTrading.com, and my key conclusion still stands: Despite the mess created by the accounting scandal, "Maxwell's business is still holding its own right now, and the great promise for its ultra-capacitors remains fully intact." Customers such as Deere ( DE ) , Caterpillar ( CAT ) and others spotted a slowdown for their own large equipment, and in a bid to build cash flow, decided to unload a hefty amount of accumulated tireinventory on theopen market . Action to Take --> All three of these companies will discuss theseissues on their upcoming conference calls, and if investors develop a sense that the worst of their problems may have passed, then the heavily discounted shares should see solid newsupport .
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That would not only bring in some badly neededcash -- it would also give a sense that NIHD's other operating divisions were worth more than the share price was reflecting. Maxwell Technologies (Nasdaq: MXWL) Back in 2011, this company's "ultra-capacitor" technology gained considerable buzz, pushing its stock above $20. As many companies have spent the past few years rebuilding theirsales and profits after a deep slide in 2008 and 2009, a handful of companies are still struggling to regain altitude.
|
Those comments quickly catapulted shares above $7, aided in large part by a massiveshort squeeze , and further asset sales a few weeks later pushed shares past $9. New management, which took the reins in early May, is tasked with boosting cash flow -- or selling assets -- in the all of the company's local divisions.Analysts at Wells Fargo ( WFC ) suggest that the base of assets are worth $13 to $15 a share, net of debt, and even if you apply a hefty discount to that view, thisstock would still move toward the $10 mark when further asset sales are announced. As many companies have spent the past few years rebuilding theirsales and profits after a deep slide in 2008 and 2009, a handful of companies are still struggling to regain altitude.
|
As many companies have spent the past few years rebuilding theirsales and profits after a deep slide in 2008 and 2009, a handful of companies are still struggling to regain altitude. Their ownincome statements were decimated by a string of self-induced wounds, and most investors have chosen to shun thesestocks . Yet three badly wounded firms are now on the mend.
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23a9e012-2120-4967-a8f7-b0a8c364cc9e
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723003.0
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2013-06-25 00:00:00 UTC
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Danaher Corporation (DHR) Ex-Dividend Date Scheduled for June 26, 2013
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DE
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https://www.nasdaq.com/articles/danaher-corporation-dhr-ex-dividend-date-scheduled-june-26-2013-2013-06-25
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nan
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nan
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Danaher Corporation ( DHR ) will begin trading ex-dividend on June 26, 2013. A cash dividend payment of $0.025 per share is scheduled to be paid on July 26, 2013. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that DHR has paid the same dividend. At the current stock price of $61.66, the dividend yield is .16%.
The previous trading day's last sale of DHR was $61.66, representing a -4.85% decrease from the 52 week high of $64.80 and a 25.38% increase over the 52 week low of $49.18.
DHR is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Deere & Company ( DE ). DHR's current earnings per share, an indicator of a company's profitability, is $3.48. Zacks Investment Research reports DHR's forecasted earnings growth in 2013 as 7.17%, compared to an industry average of 8.6%.
For more information on the declaration, record and payment dates, visit the DHR Dividend History page.
Interested in gaining exposure to DHR through an Exchange Traded Fund [ETF]?
The following ETF(s) have DHR as a top-10 holding:
Guggenheim S&P Global Water ( CGW )
First Trust ISE Water Index Fund ( FIW )
Select Sector SPDR Fund - Industrial ( XLI )
Vanguard Industrials ETF ( VIS )
PowerShares S&P 500 High Quality Portfolio ( SPHQ ).
The top-performing ETF of this group is SPHQ with an increase of 5.66% over the last 100 days. CGW has the highest percent weighting of DHR at 4.89%.
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 DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ). Danaher Corporation ( DHR ) will begin trading ex-dividend on June 26, 2013.
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The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Danaher Corporation ( DHR ) will begin trading ex-dividend on June 26, 2013.
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Shareholders who purchased DHR 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 DHR Dividend History page. The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ).
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A cash dividend payment of $0.025 per share is scheduled to be paid on July 26, 2013. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. Danaher Corporation ( DHR ) will begin trading ex-dividend on June 26, 2013.
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931d047c-f0b1-4af3-8891-54aed49cb22a
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723004.0
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2013-06-25 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for June 26, 2013
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-june-26-2013-2013-06-25
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nan
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on June 26, 2013. A cash dividend payment of $0.51 per share is scheduled to be paid on August 01, 2013. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10.87% increase over the same period a year ago. At the current stock price of $81, the dividend yield is 2.52%.
The previous trading day's last sale of DE was $81, representing a -15.27% decrease from the 52 week high of $95.60 and a 11.19% increase over the 52 week low of $72.85.
DE is a part of the Capital Goods sector, which includes companies such as Danaher Corporation ( DHR ) and Canon, Inc. ( CAJ ). DE's current earnings per share, an indicator of a company's profitability, is $8.14. Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 11.64%, compared to an industry average of 11.8%.
For more information on the declaration, record and payment dates, visit the DE Dividend History page.
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 )
Select Sector SPDR Fund - Industrial ( XLI )
PowerShares Dynamic Industrials ( PRN ).
The top-performing ETF of this group is XLI with an increase of 13.07% over the last 100 days. VEGI has the highest percent weighting of DE at 7.73%.
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 Canon, Inc. ( CAJ ). Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 11.64%, compared to an industry average of 11.8%.
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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 ) Select Sector SPDR Fund - Industrial ( XLI ) 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 June 26, 2013.
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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 $81, representing a -15.27% decrease from the 52 week high of $95.60 and a 11.19% increase over the 52 week low of $72.85. 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 ) Select Sector SPDR Fund - Industrial ( XLI ) PowerShares Dynamic Industrials ( 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 $8.14. Deere & Company ( DE ) will begin trading ex-dividend on June 26, 2013.
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b63151be-c701-4dd4-9edf-1505a9fab0dd
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723005.0
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2013-06-24 00:00:00 UTC
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Pre-Market Primer: Stocks and Bonds Suffer as China Enters Bear Market, FTC Probes Google Inc's Waze Acquisition
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DE
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https://www.nasdaq.com/articles/pre-market-primer-stocks-and-bonds-suffer-china-enters-bear-market-ftc-probes-google-incs
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nan
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nan
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Stocks are down all across the board today as Chinese equities enter a bear market and government debt sells off.
Chinese stocks suffered their worst day since 2009 as Shanghai's CSI 300 Index (SHA:000300) fell 6.3% to more than 20% down from its peak, entering bear market territory. Investors fear a credit crunch as China's central bank declines the need to inject more liquidity into the system and cracks down on underground lending. The PBOC said that "the overall liquidity in China's banking system is at a reasonable level, but due to many changing factors in the financial markets and also because of the mid-year point, the requirements for commercial banks in liquidity management have become higher."
This is the first time since December that the Chinese stock index dipped below 2,000. Concerns for China's economy also precipitated a dip in copper prices. September contracts for the industrial metal fell 2.6% to $302.05/lb in Chicago trading today.
Goldman Sachs also cut its forecast for Chinese economic growth. The bank now expects GDP to rise 7.5% year-over-year in the second quarter, down from 7.8%.
Bonds suffered a sell-off this morning as well. Government bond yields for European countries and the US rose considerably, putting more pressure on cash-strapped governments with higher borrowing costs. The US 10-year treasury yield rose to a two-year high of 2.6%.
Spain's cost of borrowing hit a three-month high of over 5% for its 10-year bonds.
European stocks also sold off today, sending major benchmarks down over 1%, but on a brighter note, Germany's IFO index rose despite the region's flooding. The indicator shows that companies are more confident about future economic improvement. The index rose to 105.9 for June from 105.7 in May.
Stock index futures are indicating that last week's downturn might continue into today. Shares on Friday rose in late trading hours on reports that the market is misreading the Federal Reserve's intentions regarding quantitative easing. Dow (INDEXDJX:.DJI) futures were off 0.87% at 14,583. Futures contracts on the S&P 500 (INDEXSP:.INX) sank 0.97% to 1,568.70 and Nasdaq (INDEXNASDAQ:.IXIC) futures climbed 0.52% to 2,895.00. There are no major US economic releases due out today.
In corporate news, the FTC is reviewing Google Inc's ( GOOG ) acquisition of Waze, an Israeli company that produces crowd-sourced traffic data that could bolster its already dominant position in mobile map technology.
Deere & Company ( DE ) fell 3% after JPMorgan analysts cut its rating on the company to underweight from neutral.
Vodafone Group Plc ( VOD ) shares are down over 1% today after confirming that it will buy Kabel Deutschland Holding AG (ETR:KD8) for 87 euros per share, or $10 billion total. Kabel, the largest cable operator in Germany, is Vodofone's second major fixed-line operator acquisition in a year.
In the Bank for International Settlements' annual report, the central bank of central banks said that monetary policy can't be the only route for stimulating struggling economies and that fiscal measures need to be used as well.
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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Chinese stocks suffered their worst day since 2009 as Shanghai's CSI 300 Index (SHA:000300) fell 6.3% to more than 20% down from its peak, entering bear market territory. European stocks also sold off today, sending major benchmarks down over 1%, but on a brighter note, Germany's IFO index rose despite the region's flooding. Stocks are down all across the board today as Chinese equities enter a bear market and government debt sells off.
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This is the first time since December that the Chinese stock index dipped below 2,000. Stocks are down all across the board today as Chinese equities enter a bear market and government debt sells off. Chinese stocks suffered their worst day since 2009 as Shanghai's CSI 300 Index (SHA:000300) fell 6.3% to more than 20% down from its peak, entering bear market territory.
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European stocks also sold off today, sending major benchmarks down over 1%, but on a brighter note, Germany's IFO index rose despite the region's flooding. Stocks are down all across the board today as Chinese equities enter a bear market and government debt sells off. Chinese stocks suffered their worst day since 2009 as Shanghai's CSI 300 Index (SHA:000300) fell 6.3% to more than 20% down from its peak, entering bear market territory.
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This is the first time since December that the Chinese stock index dipped below 2,000. The indicator shows that companies are more confident about future economic improvement. Stocks are down all across the board today as Chinese equities enter a bear market and government debt sells off.
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083ddcf3-578d-48f6-bf16-5d6ad7ddd118
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723006.0
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2013-06-14 00:00:00 UTC
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ETF Talk: Veggies May Pep up Your Portfolio
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https://www.nasdaq.com/articles/etf-talk-veggies-may-pep-your-portfolio-2013-06-14
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By Doug Fabian
The last few ETF Talks have highlighted broad-based agricultural funds, but today’s featured exchange-traded fund is one that is focused on a narrow part of the sector: food production. This week’s featured ETF is the iShares MSCI Global Agriculture Producers Fund, which has an amusing ticker symbol: VEGI.
This fund tracks an index that follows public companies engaged both directly and indirectly in providing food to consumers. The foods include vegetables, as well as feed for livestock. This non-diversified fund seeks investment results which, before fees and expenses, correspond generally to the performance of an index that tracks companies primarily engaged in agriculture in both developed and emerging markets.
VEGI has traded mostly flat this year, gaining only 0.78%. But in 2012, starting from its inception in February of that year, VEGI grew a solid 5.60%. For investors interested in additional income, VEGI offers a dividend yield of 1.21%. Since it focuses solely on a narrow segment of farming, the fund has no other investments to mitigate any losses. So, a bet on VEGI is highly dependent on the success or failure of each harvest. However, with food always a necessity, and with demand rising all over the world, expect VEGI to notch long-term profits.
VEGI’s three major areas of investment are in basic materials, 54.18%; consumer defensive, 27.52%; and industrials, 17.31%. These investments total 99% and leave the remaining areas of investment in consumer cyclical, financial services, healthcare, utilities, communication services, energy and technology.
As for individual companies, VEGI’s top ten holdings comprise 61.07% of the fund’s total assets. The top five are: Monsanto Company (MON), 13.72%; Sygenta Ag Basel (SYENF), 9.31%; Potash Corp of Saskatchewan Inc. (POT), 8.11%; Deere & Company (DE), 7.61%; and Archer-Daniels-Midland Company (ADM), 5.33%.
With food always in demand, and with the entire farming sector both focused on and dependent on agricultural production, a bet on VEGI could lay seeds for the fund’s investors to achieve profitable returns.
Meanwhile, if you want my advice about buying and selling specific ETFs, including appropriate stop losses, please consider subscribing to my Successful Investing newsletter. As always, I am happy to answer any of your questions about ETFs, so do not hesitate to email me by clicking here. You may see your question answered in a future ETF Talk.
To read my e-letter from last week’s Eagle Daily Investor, please click here. I also invite you to comment about my column in the space provided below my Eagle Daily Investor commentary.
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 non-diversified fund seeks investment results which, before fees and expenses, correspond generally to the performance of an index that tracks companies primarily engaged in agriculture in both developed and emerging markets. With food always in demand, and with the entire farming sector both focused on and dependent on agricultural production, a bet on VEGI could lay seeds for the fund’s investors to achieve profitable returns. By Doug Fabian The last few ETF Talks have highlighted broad-based agricultural funds, but today’s featured exchange-traded fund is one that is focused on a narrow part of the sector: food production.
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With food always in demand, and with the entire farming sector both focused on and dependent on agricultural production, a bet on VEGI could lay seeds for the fund’s investors to achieve profitable returns. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. By Doug Fabian The last few ETF Talks have highlighted broad-based agricultural funds, but today’s featured exchange-traded fund is one that is focused on a narrow part of the sector: food production.
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By Doug Fabian The last few ETF Talks have highlighted broad-based agricultural funds, but today’s featured exchange-traded fund is one that is focused on a narrow part of the sector: food production. With food always in demand, and with the entire farming sector both focused on and dependent on agricultural production, a bet on VEGI could lay seeds for the fund’s investors to achieve profitable returns. This fund tracks an index that follows public companies engaged both directly and indirectly in providing food to consumers.
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By Doug Fabian The last few ETF Talks have highlighted broad-based agricultural funds, but today’s featured exchange-traded fund is one that is focused on a narrow part of the sector: food production. With food always in demand, and with the entire farming sector both focused on and dependent on agricultural production, a bet on VEGI could lay seeds for the fund’s investors to achieve profitable returns. This fund tracks an index that follows public companies engaged both directly and indirectly in providing food to consumers.
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b6eb5783-6321-483f-b318-a13b95ef4944
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723007.0
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2013-06-10 00:00:00 UTC
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Stock Market News for June 10, 2013 - Market News
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https://www.nasdaq.com/articles/stock-market-news-for-june-10-2013-market-news-2013-06-10
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The official jobs numbers report that met expectations reassured investors that the Federal Reserve will not curb its bond buying program, lifted major indices higher on Friday. The Dow Jones gained more than 200 points and logged its best day since January 2. Nonfarm payrolls numbers came in slightly higher than expectations, whereas the unemployment rate declined marginally. All ten sectors of the S&P 500 industry groups finished in the green with industrials leading the pack.
The Dow Jones Industrial Average (DJI) gained 1.4% to close the day at 15,248.12. The S&P 500 added 1.3% to finish Friday's trading session at 1,643.38. The tech-laden Nasdaq Composite Index climbed 1.3% to end at 3,469.22. The fear-gauge CBOE Volatility Index (VIX) tumbled 9.0% to settle at 15.14. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.4 billion shares, in line with 2013's average of 6.4 billion shares. Advancing stocks outnumbered the decliners. For the 65% that advanced, 33% declined.
Benchmarks rocketed on Friday after the U.S Department of Labor reported nonfarm pay rolls numbers. Jobs numbers were in line with expectations, leading the Street to believe that the Federal Reserve may not taper the bond buying program very soon. The S&P 500 finished in the green for the week after remaining in the red for the two consecutive weeks. The S&P 500 gained 0.9%, the blue chip index inched up 0.9% and the Nasdaq increased 0.4% over the week.
According to the U.S Department of Labor U.S economy added 175,000 jobs in May. This was above the consensus estimate of 164,000. Jobs numbers for the month of April were revised lower to 149,000 from 165,000. Increase in nonfarm employment was boosted by additions from professional and business services, foodservices and drinking places, and retail trade. Professional and business services added 57,000 jobs in May whereas retail trade and health care added 28,000 and 11,000 respectively. Jobs in food services and drinking places increased 38,000. The unemployment rate increased marginally to 7.6% in May from the previous month figure of 7.5%. This was below the consensus estimate of 7.5%.
The S&P 500, blue chip index and Nasdaq are up 15.2%, 16.4% and 14.2%, respectively in 2013 till date. The rally in the stock markets for the year 2013 was primarily driven by the Federal Reserve bond buying program. But the market started to suffer after Fed Chairman Ben Bernanke provided indications on May 22 that the bond buying program would be tapered. He also said that the central bank may think about easing off the bond buying program in its next policy meeting if economic data shows improvement. According to economists, the U.S economy needs to add at least 200,000 jobs per month in the coming months to decrease high unemployment.
Meanwhile, consumer credit increased by $11.1 billion in April. This was below the consensus estimate of $14 billion. Consumer credit surged at an annual rate of 4.7%. Revolving and non-revolving credit increased by 1% and 6.4% annually.
The industrial sector was the biggest gainer among the S&P 500 industry groups and the Industrial Select Sector SPDR (XLI) gained 1.9%. Stocks such as United Parcel Service, Inc. (NYSE: UPS ), 3M Co (NYSE: MMM ), Deere & Company (NYSE: DE ) United Technologies Corporation (NYSE: UTX ) and General Electric Company (NYSE: GE ) increased 1.9%, 2.3%, 0.8%, 1.9% and 2.1%, respectively.
The consumer discretionary sector also had a good day and the Consumer Discretionary SPDR (XLY) gained 1.8%. Stocks such as Target Corporation (NYSE: TGT ), The Home Depot, Inc. (NYSE: HD ), The Walt Disney Company (NYSE: DIS ), and McDonald's Corporation (NYSE: MCD ) added 0.1%, 1.9%, 2.7% and 1.7%, respectively.
DEERE & CO (DE): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
HOME DEPOT (HD): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
3M CO (MMM): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
UTD PARCEL SRVC (UPS): Free Stock Analysis Report
UTD TECHS CORP (UTX): 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 official jobs numbers report that met expectations reassured investors that the Federal Reserve will not curb its bond buying program, lifted major indices higher on Friday. Increase in nonfarm employment was boosted by additions from professional and business services, foodservices and drinking places, and retail trade. But the market started to suffer after Fed Chairman Ben Bernanke provided indications on May 22 that the bond buying program would be tapered.
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Stocks such as United Parcel Service, Inc. (NYSE: UPS ), 3M Co (NYSE: MMM ), Deere & Company (NYSE: DE ) United Technologies Corporation (NYSE: UTX ) and General Electric Company (NYSE: GE ) increased 1.9%, 2.3%, 0.8%, 1.9% and 2.1%, respectively. Stocks such as Target Corporation (NYSE: TGT ), The Home Depot, Inc. (NYSE: HD ), The Walt Disney Company (NYSE: DIS ), and McDonald's Corporation (NYSE: MCD ) added 0.1%, 1.9%, 2.7% and 1.7%, respectively. DEERE & CO (DE): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report 3M CO (MMM): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks such as United Parcel Service, Inc. (NYSE: UPS ), 3M Co (NYSE: MMM ), Deere & Company (NYSE: DE ) United Technologies Corporation (NYSE: UTX ) and General Electric Company (NYSE: GE ) increased 1.9%, 2.3%, 0.8%, 1.9% and 2.1%, respectively. DEERE & CO (DE): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report 3M CO (MMM): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report To read this article on Zacks.com click here. The official jobs numbers report that met expectations reassured investors that the Federal Reserve will not curb its bond buying program, lifted major indices higher on Friday.
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Nonfarm payrolls numbers came in slightly higher than expectations, whereas the unemployment rate declined marginally. The S&P 500 added 1.3% to finish Friday's trading session at 1,643.38. The official jobs numbers report that met expectations reassured investors that the Federal Reserve will not curb its bond buying program, lifted major indices higher on Friday.
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723008.0
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2013-06-06 00:00:00 UTC
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ETF Talk: Satisfy Your Agricultural Appetite with MOO
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https://www.nasdaq.com/articles/etf-talk-satisfy-your-agricultural-appetite-moo-2013-06-06
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By Doug Fabian
The world’s population could top nine billion people by the year 2050, according to projections, and all of those people are going to boost demand for food. Even today, developing nations and increasing populations are raising global demand for food production. As such, farming, and all its component stages, should benefit. The appropriately named Market Vectors Agribusiness (MOO) is an exchange-traded fund (ETF) which is invested in many of the farming industry’s various aspects and should profit from this need for heightened farm production.
This non-diversified fund seeks results which, before fees and expenses, match the performance of an index that tracks various fields within the farming industry, such as: agri-chemicals, fertilizers, seeds and traits; irrigation equipment and farm machinery; and agricultural products like flour, grain, meat, poultry and sugar, aquaculture and fishing, live stocks and plantations.
Though MOO has gained only 1.63% so far this year, the fund is capable of solid gains like 2012’s 11.90% rise. For investors interested in additional income, MOO offers a dividend yield of 1.80%. Although weather can have a big impact on agricultural output, the long-term prospects of this fund are compelling because of the continued certainty of global food consumption as the population grows.
Since MOO’s investments are spread out across the agricultural economy, this ETF has holdings in several sectors which assist and/or are assisted by farming. The biggest chunk, 52.47%, is invested in basic materials, while the remaining MOO assets are in consumer defensive, 27.51%, industrials, 17.86%, and consumer cyclical, 2.16%.
MOO’s top ten individually held companies comprise 58.25% of the fund’s total assets. And the top five of these holdings feature a fairly even distribution. In addition, these five holdings are companies that sell agricultural equipment, chemicals and seeds: Monsanto Company (MON), 8.33%; Syngenta AG (SYT), 7.60%; Deere & Company (DE), 6.71%; Potash Corp. of Saskatchewan, Inc. (POT.TO), 6.54%; and Archer-Daniels-Midland Company (ADM), 6.30%.
There are risks inherent in investing in agriculture. One is that demand for agricultural products and supplies depends on commodity prices, such as grain. Another is the success of a harvest. Naturally, bad weather can be devastating. Although MOO’s performance can be hit in the short run due to these and other risks, demand for agricultural supplies ultimately will drive the fund’s performance in the long run, especially as rising populations demand increasing amounts of food.
Meanwhile, if you want my advice about buying and selling specific ETFs, including appropriate stop losses, please consider subscribing to my Successful Investing newsletter. As always, I am happy to answer any of your questions about ETFs, so do not hesitate to email me by clicking here. You may see your question answered in a future ETF Talk.
To read my e-letter from last week’s Eagle Daily Investor, please click here. I also invite you to comment about my column in the space provided below my Eagle Daily Investor commentary.
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 non-diversified fund seeks results which, before fees and expenses, match the performance of an index that tracks various fields within the farming industry, such as: agri-chemicals, fertilizers, seeds and traits; irrigation equipment and farm machinery; and agricultural products like flour, grain, meat, poultry and sugar, aquaculture and fishing, live stocks and plantations. Meanwhile, if you want my advice about buying and selling specific ETFs, including appropriate stop losses, please consider subscribing to my Successful Investing newsletter. By Doug Fabian The world’s population could top nine billion people by the year 2050, according to projections, and all of those people are going to boost demand for food.
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Even today, developing nations and increasing populations are raising global demand for food production. In addition, these five holdings are companies that sell agricultural equipment, chemicals and seeds: Monsanto Company (MON), 8.33%; Syngenta AG (SYT), 7.60%; Deere & Company (DE), 6.71%; Potash Corp. of Saskatchewan, Inc. (POT.TO), 6.54%; and Archer-Daniels-Midland Company (ADM), 6.30%. Although MOO’s performance can be hit in the short run due to these and other risks, demand for agricultural supplies ultimately will drive the fund’s performance in the long run, especially as rising populations demand increasing amounts of food.
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The appropriately named Market Vectors Agribusiness (MOO) is an exchange-traded fund (ETF) which is invested in many of the farming industry’s various aspects and should profit from this need for heightened farm production. This non-diversified fund seeks results which, before fees and expenses, match the performance of an index that tracks various fields within the farming industry, such as: agri-chemicals, fertilizers, seeds and traits; irrigation equipment and farm machinery; and agricultural products like flour, grain, meat, poultry and sugar, aquaculture and fishing, live stocks and plantations. Although MOO’s performance can be hit in the short run due to these and other risks, demand for agricultural supplies ultimately will drive the fund’s performance in the long run, especially as rising populations demand increasing amounts of food.
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Even today, developing nations and increasing populations are raising global demand for food production. The appropriately named Market Vectors Agribusiness (MOO) is an exchange-traded fund (ETF) which is invested in many of the farming industry’s various aspects and should profit from this need for heightened farm production. Although MOO’s performance can be hit in the short run due to these and other risks, demand for agricultural supplies ultimately will drive the fund’s performance in the long run, especially as rising populations demand increasing amounts of food.
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723009.0
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2013-06-05 00:00:00 UTC
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Deere Remains Neutral - Analyst Blog
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https://www.nasdaq.com/articles/deere-remains-neutral-analyst-blog-2013-06-05
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On May 31, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE ). Our reiteration was primarily based on expected benefits from strong farm incomes, recovery in construction sector and strength in Brazil, offset by concerns regarding weakness in Europe, additional import duty imposed in Russia, Kazakhstan and Belarus, and volume and margin headwinds in the third quarter.
Why Reiterated?
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.
As per the U.S. Department of Agriculture, U.S. farm income will be a record $128.2 billion in 2013, up 14%. This will be driven by high market prices and crop insurance payments that will offset losses from the drought.
Prices for corn, wheat and soybeans are projected to remain historically high and above the pre-2007 levels. Relatively high commodity prices and strong farm incomes are expected to continue to sustain demand for farm machinery during the year.
Both the non-residential and residential construction sectors are showing signs of a much awaited turnaround. This, in addition to the new highway bill, will improve demand for Deere's construction equipment in the U.S. market.
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 raised its agriculture and turf sales growth forecast for South America to 15% to 20% from previous expectation of 10% to 15%. This was driven by strong market conditions and growth in government subsidies in Brazil.
On the flipside, Deere expects agriculture and turf sales for Europe to be down 5%, due to weakness in the overall economy and poor harvest in the U.K last year. In the forestry sector, further weakness in the European markets is expected to offset higher demand in the U.S.
Effective Feb through Jul 2013, an additional 27.5% import duty has been placed on all imported combines going to Russia, Kazakhstan and Belarus, thus bringing the import duty to 32.5%. This is expected to have an adverse impact on sales of imported combines in these countries.
Furthermore, higher production costs associated with interim Tier 4 as well as global growth expenses will negatively impact margins in the next quarter.
Other Stocks to Consider
Deere currently retains a Zacks Rank #3 (Hold). Other stocks in the same industry with favorable Zacks ranks are Kubota Corporation ( KUB ) with a Zacks Rank #1 (Strong Buy), while Alamo Group, Inc. ( ALG ), and CNH Global NV ( CNH ) carry a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): 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 the flipside, Deere expects agriculture and turf sales for Europe to be down 5%, due to weakness in the overall economy and poor harvest in the U.K last year. On May 31, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE ). Deere reported record second quarter 2013 earnings of $2.76 per share, up 6% year over year.
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ALAMO GROUP INC (ALG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report To read this article on Zacks.com click here. On May 31, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE ). Deere reported record second quarter 2013 earnings of $2.76 per share, up 6% year over year.
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ALAMO GROUP INC (ALG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report To read this article on Zacks.com click here. On May 31, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE ). Deere reported record second quarter 2013 earnings of $2.76 per share, up 6% year over year.
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Deere is investing to increase its market share in Brazil. In the forestry sector, further weakness in the European markets is expected to offset higher demand in the U.S. On May 31, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE ).
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723010.0
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2013-06-03 00:00:00 UTC
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Dow Outperforms in Choppy Trading Day
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https://www.nasdaq.com/articles/dow-outperforms-choppy-trading-day-2013-06-03
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"Trading was mixed today, as home builders and consumer discretionary issues performed poorly, while commodities and energy led," summarized Schaeffer's Senior Equity Analyst Joe Bell, CMT, of a session where the Dow Jones Industrial Average (DJI) fared the best of the broader-market indexes. "The ISM Manufacturing Index fell more than expected -- showing its first contraction since November 2012 and lowest reading since June 2009. Various sectors had conflicting reactions to this news."
Continue reading for more on today's market, including :
Schaeffer's Senior Trading Analyst Bryan Sapp points out a new level to watch on the S&P 500 Index (SPX).
Our Senior Options Strategist Tony Venosa, CMT, demonstrates where (and why) to play Deere & Co. ( DE ) for further upside.
4 stocks under the spotlight this week -- and what the sentiment picture says about each.
plus...
Auto sales zoom higher, Apple Inc. ( AAPL ) makes waves in the music industry, and Research In Motion ( BBRY ) option traders place big bets.
The Dow Jones Industrial Average (DJI) started in the green and continued to power higher throughout the trading session, finishing the day just a chip-shot shy of its intraday peak. By the close, the blue-chip index was up 138 points, or 0.9%, at 15,254.03, but still below its 10-day moving average. Today's rally was broad across the Dow, as 28 of 30 components moved higher, led by Intel ( INTC ) and Merck ( MRK ), which respectively gained 4% and 3.8%. The two decliners were Bank of America (BAC) and JPMorgan Chase (JPM), down 0.8% and 0.2%, respectively.
Gains were not as robust for the S&P 500 Index (SPX) , which added 9.7 points, or 0.6%, today, to settle at 1,640.42. The Nasdaq Composite (COMP) was the laggard of the day, muscling 9.5 points, or 0.3%, higher, to end the session at 3,465.37. Both the SPX and the COMP closed near their intraday highs, but both remain below their respective 10-day moving averages.
After a notable gain on Friday, the CBOE Market Volatility Index (VIX) drifted fractionally lower today. The VIX gave back less than 0.1 point, or 0.1%, to settle at 16.28.
A Trader's Take :
"The Dow's performance was the real bright spot today," added Bell. "Since it's a price-weighted index, the extremely strong day from Merck ( MRK ) bolstered the index well above its counterparts. The drugmaker was higher following positive results in one of its trials."
3 Things to Know About Today's Market :
The Institute for Supply Management (ISM) reported that its manufacturing index suffered a surprise pullback to 49.0 last month -- the first reading south of 50 since November. Elsewhere, the Commerce Department announced that construction spending edged up 0.4% in April to a seasonally adjusted annual rate of $860.8 billion. This also fell short of what economists had been expecting. (Reuters, Bloomberg)
Auto sales muscled higher in May, with total light vehicle sales in the U.S. rising 8% from the year-ago period to more than 1.4 million vehicles. Ford Motor (F) said its sales jumped 14% during the month (its best May on record since 2006), while General Motors (GM) announced a 3.1% increase in sales on a year-over-year basis. (Los Angeles Times)
In what seems like a preemptive move to launch a streaming music service , Apple Inc. ( AAPL ) signed a deal with Warner Music Group for the rights to its catalog. Apple's annual developers conference starts next Monday, which could be the perfect time to unveil a new project. (The Wall Street Journal, login required)
5 Stocks We Were Watching Today :
Research In Motion Ltd ( BBRY ) calls were in high demand today ahead of the U.S. launch of the Q10 smartphone.
Pandora Media Inc (P) dropped almost 11% on the Apple streaming-music rumors , but one trader made a hopeful short-term bet.
Conservative bullish traders bought a bull call spread in Ciena Corporation (CIEN) ahead of the company's earnings report.
LinkedIn Corp (LNKD) was given a new "outperform" rating -- and a price target of $220 -- but still drifted into the red.
Facebook Inc (FB) back-month puts were in focus today, as the stock continued its recent slide .
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
The U.S. dollar was pressured lower following weaker-than-expected manufacturing data, and this helped send crude oil to a higher finish. July-dated oil futures rose $1.48 today, or 1.6%, to settle at $93.45 per barrel. This move was not quite enough to pare Friday's losses in the commodity.
Gold futures also gained ground, as investors grew less concerned of a near-term end to the Federal Reserve's bond-buying efforts. At the close, August gold was sitting $18.90, or 1.4% higher, at $1,411.90 an ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication 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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"Trading was mixed today, as home builders and consumer discretionary issues performed poorly, while commodities and energy led," summarized Schaeffer's Senior Equity Analyst Joe Bell, CMT, of a session where the Dow Jones Industrial Average (DJI) fared the best of the broader-market indexes. plus... Auto sales zoom higher, Apple Inc. ( AAPL ) makes waves in the music industry, and Research In Motion ( BBRY ) option traders place big bets. "The ISM Manufacturing Index fell more than expected -- showing its first contraction since November 2012 and lowest reading since June 2009.
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"Trading was mixed today, as home builders and consumer discretionary issues performed poorly, while commodities and energy led," summarized Schaeffer's Senior Equity Analyst Joe Bell, CMT, of a session where the Dow Jones Industrial Average (DJI) fared the best of the broader-market indexes. (The Wall Street Journal, login required) 5 Stocks We Were Watching Today : Research In Motion Ltd ( BBRY ) calls were in high demand today ahead of the U.S. launch of the Q10 smartphone. "The ISM Manufacturing Index fell more than expected -- showing its first contraction since November 2012 and lowest reading since June 2009.
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"Trading was mixed today, as home builders and consumer discretionary issues performed poorly, while commodities and energy led," summarized Schaeffer's Senior Equity Analyst Joe Bell, CMT, of a session where the Dow Jones Industrial Average (DJI) fared the best of the broader-market indexes. Continue reading for more on today's market, including : Schaeffer's Senior Trading Analyst Bryan Sapp points out a new level to watch on the S&P 500 Index (SPX). (The Wall Street Journal, login required) 5 Stocks We Were Watching Today : Research In Motion Ltd ( BBRY ) calls were in high demand today ahead of the U.S. launch of the Q10 smartphone.
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Continue reading for more on today's market, including : Schaeffer's Senior Trading Analyst Bryan Sapp points out a new level to watch on the S&P 500 Index (SPX). plus... Auto sales zoom higher, Apple Inc. ( AAPL ) makes waves in the music industry, and Research In Motion ( BBRY ) option traders place big bets. Gains were not as robust for the S&P 500 Index (SPX) , which added 9.7 points, or 0.6%, today, to settle at 1,640.42.
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97906ed4-ccea-40f1-abc7-27cd271d1af3
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723011.0
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2013-06-03 00:00:00 UTC
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Pre-Earnings Bulls Descend Upon Ciena
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DE
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https://www.nasdaq.com/articles/pre-earnings-bulls-descend-upon-ciena-2013-06-03
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nan
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nan
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As Ciena Corporation ( CIEN ) prepares to report fiscal second-quarter earnings later this week, bullish speculators are zeroing in on the security today. Over 6,200 calls have crossed the tape thus far -- more than double the norm, and about triple the number of puts traded. Digging deeper into the data, it appears that one speculator is expecting the stock to rise over the next few weeks, but has trimmed his cost of entry by employing a bull call spread.
More specifically, a block of 2,000 calls was purchased at the June 17 strike near an ask price of $0.73 each, while an equal number of calls was simultaneously sold at the June 20 strike for $0.11 apiece. This resulted in a net debit of $0.62 per pair of contracts. In this scenario, the trader is betting on CIEN to surmount the breakeven rail of $17.62 (bought strike price plus the net debit) by front-month expiration, but not so far north that he would have been better off simply buying a "vanilla" call on the equity. On that note, his maximum profit is limited to $2.38 (difference between strike prices less the net debit), no matter how far CIEN should soar north of $20, while his potential risk is capped at the net debit paid.
This campaign for calls over puts is more of the same for the networking equipment provider. CIEN's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange ( CBOE ), and NASDAQ OMX PHLX (PHLX) call/put volume ratio sits at 4.66, confirming traders have bought to open more than four calls for every put during the past two weeks. This ratio ranks higher than 77% of comparable annual readings, meaning speculators have been buying calls versus puts at an accelerated clip lately.
As a result, Schaeffer's put/call open interest ratio (SOIR) for CIEN checks in at 0.61, with calls easily outstripping puts among options slated to expire within the next three months. In fact, this ratio hovers just 8 percentage points above a yearly nadir, indicating short-term traders have rarely been more call-heavy toward the equity during the past year.
Technically, Ciena Corporation has tacked on just 3.6% year-to-date, but has bested the broader S&P 500 Index (INDEXSP:.INX) by roughly 13 percentage points during the past four weeks. Meanwhile, the stock finished May atop its 10-month moving average, which has served as firm support since November.
As alluded to earlier, the firm is due to reveal quarterly earnings before this Thursday's opening bell, and has had a mixed history in the earnings confessional, besting consensus estimates in two of the past four quarters. However, the stock has traded an average of 3.4% higher the day after posting, and around 4.3% higher a week later. For the current quarter, analysts are expecting a loss of 1 cent per share.
At last check, CIEN is off 2.8% to hover at $16.26.
This article by Terri Stridsberg was originally published on Schaeffer's Investment Research .
Below, find some more great content from Schaeffer's Investment Research:
Daily Game Plan - Mixed Monday
Chart of the Day: Deere & Co. ( DE )
AK Steel Holding Corporation ( AKS ) Bears Expect Long-Term Slide
Twitter: @schaeffers
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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Digging deeper into the data, it appears that one speculator is expecting the stock to rise over the next few weeks, but has trimmed his cost of entry by employing a bull call spread. In this scenario, the trader is betting on CIEN to surmount the breakeven rail of $17.62 (bought strike price plus the net debit) by front-month expiration, but not so far north that he would have been better off simply buying a "vanilla" call on the equity. Over 6,200 calls have crossed the tape thus far -- more than double the norm, and about triple the number of puts traded.
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CIEN's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange ( CBOE ), and NASDAQ OMX PHLX (PHLX) call/put volume ratio sits at 4.66, confirming traders have bought to open more than four calls for every put during the past two weeks. Below, find some more great content from Schaeffer's Investment Research: Daily Game Plan - Mixed Monday Chart of the Day: Deere & Co. ( DE ) AK Steel Holding Corporation ( AKS ) Bears Expect Long-Term Slide Twitter: @schaeffers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Over 6,200 calls have crossed the tape thus far -- more than double the norm, and about triple the number of puts traded.
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In this scenario, the trader is betting on CIEN to surmount the breakeven rail of $17.62 (bought strike price plus the net debit) by front-month expiration, but not so far north that he would have been better off simply buying a "vanilla" call on the equity. CIEN's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange ( CBOE ), and NASDAQ OMX PHLX (PHLX) call/put volume ratio sits at 4.66, confirming traders have bought to open more than four calls for every put during the past two weeks. Below, find some more great content from Schaeffer's Investment Research: Daily Game Plan - Mixed Monday Chart of the Day: Deere & Co. ( DE ) AK Steel Holding Corporation ( AKS ) Bears Expect Long-Term Slide Twitter: @schaeffers The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this scenario, the trader is betting on CIEN to surmount the breakeven rail of $17.62 (bought strike price plus the net debit) by front-month expiration, but not so far north that he would have been better off simply buying a "vanilla" call on the equity. However, the stock has traded an average of 3.4% higher the day after posting, and around 4.3% higher a week later. Over 6,200 calls have crossed the tape thus far -- more than double the norm, and about triple the number of puts traded.
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b2c2e5cd-4316-4673-9420-e907d25d3aa9
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723012.0
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2013-05-30 00:00:00 UTC
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Deere's Unit Launches Software - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deeres-unit-launches-software-analyst-blog-2013-05-30
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nan
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NavCom Technology, Inc., a unit of Deere & Company ( DE ), has introduced new software for its Sapphire-based receivers. The software including the SF-3050, SF-3040, and LAND-PAK will help customers to improve productivity.
The multi-frequency GNSS (Global Navigation Satellite System) receivers are now able to support NavCom's new StarFire Rapid Recovery feature. Other new features include support for proprietary GLONASS RTK correction messages from third party base stations and a new web server interface for the SF-3050.
Earlier, users would have to wait for 45 minute pull-in delay when they lost the GNSS signal caused by shading, bridges or other similar constraints. But now, GNSS receivers, using the GPS and GLONASS system, will allow users to quickly regain StarFire accuracy after short GNSS signal blockages.
StarFire Rapid Recovery will help customers ride through signal outages of up to 3 minutes and regain the 5 centimeter (cm) StarFire accuracy within 2 minutes after entering the StarFire mode.
NavCom is a leading provider of advanced GNSS products for original equipment manufacturers, value added resellers, and system integrators needing high performance RTK systems and global five centimeter level GNSS satellite corrections. It will increase the maximum possible uptime for its users by StarFire Rapid Recovery. The release of new software is in line with Deere's commitment of continued investment in new products.
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).
Other stocks in the industrial products sector with a favorable Zacks Rank are AGCO Corporation ( AGCO ), Alamo Group, Inc. ( ALG ) and CNH Global NV ( CNH ). All retain 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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Other new features include support for proprietary GLONASS RTK correction messages from third party base stations and a new web server interface for the SF-3050. Earlier, users would have to wait for 45 minute pull-in delay when they lost the GNSS signal caused by shading, bridges or other similar constraints. NavCom Technology, Inc., a unit of Deere & Company ( DE ), has introduced new software for its Sapphire-based receivers.
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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. NavCom Technology, Inc., a unit of Deere & Company ( DE ), has introduced new software for its Sapphire-based receivers. Other new features include support for proprietary GLONASS RTK correction messages from third party base stations and a new web server interface for the SF-3050.
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StarFire Rapid Recovery will help customers ride through signal outages of up to 3 minutes and regain the 5 centimeter (cm) StarFire accuracy within 2 minutes after entering the StarFire mode. NavCom is a leading provider of advanced GNSS products for original equipment manufacturers, value added resellers, and system integrators needing high performance RTK systems and global five centimeter level GNSS satellite corrections. 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.
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The release of new software is in line with Deere's commitment of continued investment in new products. NavCom Technology, Inc., a unit of Deere & Company ( DE ), has introduced new software for its Sapphire-based receivers. Other new features include support for proprietary GLONASS RTK correction messages from third party base stations and a new web server interface for the SF-3050.
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16787ccf-b6cd-4fb8-85af-83bef807a04d
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723013.0
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2013-05-23 00:00:00 UTC
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Machinery Industry Stock Outlook - May 2013 - Industry Outlook
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DE
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https://www.nasdaq.com/articles/machinery-industry-stock-outlook-may-2013-industry-outlook-2013-05-23
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nan
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nan
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AGCO CORP (AGCO): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
ILL TOOL WORKS (ITW): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): Get Free Report
MANITOWOC INC (MTW): Free Stock Analysis Report
ROCKWELL AUTOMT (ROK): Free Stock Analysis Report
TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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f0961187-972e-4104-a27b-01021f2f9556
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723014.0
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2013-05-23 00:00:00 UTC
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Machinery Industry Stock Outlook - May 2013 - Zacks Analyst Interviews
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DE
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https://www.nasdaq.com/articles/machinery-industry-stock-outlook-may-2013-zacks-analyst-interviews-2013-05-23
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nan
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nan
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AGCO CORP (AGCO): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
ILL TOOL WORKS (ITW): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): Get Free Report
MANITOWOC INC (MTW): Free Stock Analysis Report
ROCKWELL AUTOMT (ROK): Free Stock Analysis Report
TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report ILL TOOL WORKS (ITW): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Get Free Report MANITOWOC INC (MTW): Free Stock Analysis Report ROCKWELL AUTOMT (ROK): Free Stock Analysis Report TEREX CORP (TEX): 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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c50c5948-3394-445e-9466-19177cc1b298
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723015.0
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2013-05-16 00:00:00 UTC
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Company News for May 16, 2013 - Corporate Summary
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DE
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https://www.nasdaq.com/articles/company-news-for-may-16-2013-corporate-summary-2013-05-16
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nan
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• Computer Sciences Corporation (NYSE: CSC ) posted fourth quarter earnings per share of $1.27, beating the Zacks Consensus Estimate of $0.96
• Deere & Company (NYSE: DE ) reported second quarter earnings per share of $2.76, ahead of the Zacks Consensus Estimate of $2.74
• Macy's, Inc. (NYSE: M ) posted first quarter earnings per share of $0.55, higher than the Zacks Consensus Estimate of $0.53
• Pinnacle Foods Inc (NYSE: PF ) reported first quarter earnings per share of $0.34, ahead of the Zacks Consensus Estimate of $0.29
COMP SCIENCE (CSC): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
PINNACLE FOODS (PF): 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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• Computer Sciences Corporation (NYSE: CSC ) posted fourth quarter earnings per share of $1.27, beating the Zacks Consensus Estimate of $0.96 • Deere & Company (NYSE: DE ) reported second quarter earnings per share of $2.76, ahead of the Zacks Consensus Estimate of $2.74 • Macy's, Inc. (NYSE: M ) posted first quarter earnings per share of $0.55, higher than the Zacks Consensus Estimate of $0.53 • Pinnacle Foods Inc (NYSE: PF ) reported first quarter earnings per share of $0.34, ahead of the Zacks Consensus Estimate of $0.29 COMP SCIENCE (CSC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PINNACLE FOODS (PF): 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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• Computer Sciences Corporation (NYSE: CSC ) posted fourth quarter earnings per share of $1.27, beating the Zacks Consensus Estimate of $0.96 • Deere & Company (NYSE: DE ) reported second quarter earnings per share of $2.76, ahead of the Zacks Consensus Estimate of $2.74 • Macy's, Inc. (NYSE: M ) posted first quarter earnings per share of $0.55, higher than the Zacks Consensus Estimate of $0.53 • Pinnacle Foods Inc (NYSE: PF ) reported first quarter earnings per share of $0.34, ahead of the Zacks Consensus Estimate of $0.29 COMP SCIENCE (CSC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PINNACLE FOODS (PF): 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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• Computer Sciences Corporation (NYSE: CSC ) posted fourth quarter earnings per share of $1.27, beating the Zacks Consensus Estimate of $0.96 • Deere & Company (NYSE: DE ) reported second quarter earnings per share of $2.76, ahead of the Zacks Consensus Estimate of $2.74 • Macy's, Inc. (NYSE: M ) posted first quarter earnings per share of $0.55, higher than the Zacks Consensus Estimate of $0.53 • Pinnacle Foods Inc (NYSE: PF ) reported first quarter earnings per share of $0.34, ahead of the Zacks Consensus Estimate of $0.29 COMP SCIENCE (CSC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PINNACLE FOODS (PF): 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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• Computer Sciences Corporation (NYSE: CSC ) posted fourth quarter earnings per share of $1.27, beating the Zacks Consensus Estimate of $0.96 • Deere & Company (NYSE: DE ) reported second quarter earnings per share of $2.76, ahead of the Zacks Consensus Estimate of $2.74 • Macy's, Inc. (NYSE: M ) posted first quarter earnings per share of $0.55, higher than the Zacks Consensus Estimate of $0.53 • Pinnacle Foods Inc (NYSE: PF ) reported first quarter earnings per share of $0.34, ahead of the Zacks Consensus Estimate of $0.29 COMP SCIENCE (CSC): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report PINNACLE FOODS (PF): 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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4ec28a60-468a-481a-823a-bd545eaafe95
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723016.0
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2013-05-16 00:00:00 UTC
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Stock Upgrades: Bet the Mortgage on Beazer Homes
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DE
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https://www.nasdaq.com/articles/stock-upgrades-bet-mortgage-beazer-homes-2013-05-16
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nan
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Until someone finally wins that elusive $475 million jackpot , Wall Street will do just fine. Another day, another new record for the Dow (^DJI), though there were still some losers amid the inexorably rising tide in equities. The hedge fund honcho who just called this a " My Cousin Vinny market " must have had Marisa Tomei's memorable Deere ( DE ) monologue in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%.
Trading was also murder on Orient-Express ( OEH ), which imploded 1.47% even after being boosted by Barron's . It owns the 21 Club, which opened as a speakeasy in 1922, the year The Great Gatsby was set, and moved to its current location in 1929, the year his opulent era came crashing down. Can history repeat? Yes, it Cannes .
This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern. Quarterly earnings announcements continue to roll in, with retailers coming increasingly to the fore. Today's results are expected to include Applied Materials ( AMAT ), Autodesk ( ADSK ), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ).
Alcohol Stocks:Beam Inc. (BEAM), Constellation Brands (STZ), and Molson Coors Brewing (TAP) ($60 target price) all get Buy-from-Hold boosts at Stifel.
Beazer HomesUSA ( BZH ): The stock is boosted to Buy from Fair Value with a $29 price objective at CRT Capital. Operational improvements and better market conditions each augur well, the broker believes.
Con-way (CNW): The transportation company gets a Hold-from-Underweight hoist at BB&T Capital.
First Busey (BUSE): Keefe Bruyette raises the regional bank to Market Perform from Underperform.
Ford Motor (F): Amid an improvement in the car company's European operations, Craig-Hallum boosts the stock to Buy from Hold.
Galaxy Entertainment (OTCMKTS:GXYEY): Shares get juiced to Hold from Sell at Jefferies after earnings.
Palo AltoNetworks (PANW): Morgan Stanley moves the stock to Overweight from Equal-Weight, sending it up ahead of the open.
Rosetta Resources (ROSE): Shares are lifted to Outperform from Market Perform with Wells Fargo.
SunPower (SPWR): Shares are upgraded to Outperform from Neutral at Cowen.
ThyssenKrupp (OTCMKTS:TYEKF):The German conglomerate gets upgraded to Buy from Hold at Société Générale.
(See also: New Stock Coverage: Stillwater Pockets Run Deep and Stock Downgrades: SodaStream Up Creek Without Paddle? )
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 hedge fund honcho who just called this a " My Cousin Vinny market " must have had Marisa Tomei's memorable Deere ( DE ) monologue in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%. Today's results are expected to include Applied Materials ( AMAT ), Autodesk ( ADSK ), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ). Another day, another new record for the Dow (^DJI), though there were still some losers amid the inexorably rising tide in equities.
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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. Another day, another new record for the Dow (^DJI), though there were still some losers amid the inexorably rising tide in equities. The hedge fund honcho who just called this a " My Cousin Vinny market " must have had Marisa Tomei's memorable Deere ( DE ) monologue in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%.
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Another day, another new record for the Dow (^DJI), though there were still some losers amid the inexorably rising tide in equities. The hedge fund honcho who just called this a " My Cousin Vinny market " must have had Marisa Tomei's memorable Deere ( DE ) monologue in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%. Trading was also murder on Orient-Express ( OEH ), which imploded 1.47% even after being boosted by Barron's .
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ThyssenKrupp (OTCMKTS:TYEKF):The German conglomerate gets upgraded to Buy from Hold at Société Générale. Another day, another new record for the Dow (^DJI), though there were still some losers amid the inexorably rising tide in equities. The hedge fund honcho who just called this a " My Cousin Vinny market " must have had Marisa Tomei's memorable Deere ( DE ) monologue in mind, for the tractor titan suffered a similarly gruesome fate in falling 4.40%.
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e18e2c34-8dd7-483e-b1e3-41828a13f089
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723017.0
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2013-05-16 00:00:00 UTC
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New Stock Coverage: Stillwater Pockets Run Deep
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DE
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https://www.nasdaq.com/articles/new-stock-coverage-stillwater-pockets-run-deep-2013-05-16
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nan
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nan
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On Hump Day, Dow Industrials (^DJI) acted appropriately, getting over an early speed bump to end at yet another historic high. The firm that once claimed to "do God's work" took on increasing importance for its financial brethren, but Goldman Sachs ( GS ) still isn't a patch on the Pope. Since Argentina's native son Francis took over at the Vatican, his home stock market has been the planet's best performer, and yesterday Buenos Aires' own YPF Sociedad Anonima ( YPF ) surged a further 9.30%.
Amid all the dough, Deere ( DE ) dropped 4.40%, though that was a less spectacular crash than that experienced by this deer . Similarly sliding amid all the ebullience was diamond seller Zale Corp. ( ZLC ), which dropped 1.76% after Beyoncé, a big proponent of "putting a ring on it," cancelled a show in Europe's ice capital of Antwerp .
This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern. Quarterly earnings announcements continue to roll in, with retailers coming increasingly to the fore. Today's results are expected to include Applied Materials (AMAT), Autodesk (ADSK), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ).
Apple Inc. (AAPL): Susquehanna has a new Neutral on the tech name.
Churchill Downs (CHDN): Brean Capital covers the company, recently trading atop historic highs, at a Buy.
Coach (COH): The maker of luxury handbags and accessories is started with a Buy at Sterne Agee.
Dangdang (DANG): The Chinese e-commerce firm, which earlier today reported revenue of $214 million, is a fresh Buy at Bank of America-Merrill Lynch.
Internet Stocks : Lazard launches Buys on Amazon (AMZN) and eBay Inc. (EBAY).
Interpublic Group (IPG): The advertising giant gets assigned an Overweight at Evercore.
PrivateBancorp (PVTB): Credit Suisse picks up PVTB at a Neutral.
StillwaterMining ( SWC ): Wells Fargo starts the industrial metals and minerals outfit at Outperform.
ValueClick (VCLK): Saying it sees uncertainty surrounding the company's Dotomi division, Northland Capital has a new Underperform on the firm. Its price objective is $21.
Yelp Inc. (YELP): Cowen covers the company at Outperform.
(See also: Stock Upgrades: Bet the Mortgage on Beazer Homes and Stock Downgrades: SodaStream Up Creek Without Paddle? )
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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Today's results are expected to include Applied Materials (AMAT), Autodesk (ADSK), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ). Amid all the dough, Deere ( DE ) dropped 4.40%, though that was a less spectacular crash than that experienced by this deer . This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern.
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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. Amid all the dough, Deere ( DE ) dropped 4.40%, though that was a less spectacular crash than that experienced by this deer . This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern.
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Amid all the dough, Deere ( DE ) dropped 4.40%, though that was a less spectacular crash than that experienced by this deer . This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern. Today's results are expected to include Applied Materials (AMAT), Autodesk (ADSK), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ).
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Amid all the dough, Deere ( DE ) dropped 4.40%, though that was a less spectacular crash than that experienced by this deer . This morning in economics, analysts forecast an improvement in May's Philadelphia Fed Index at 10:00 a.m. Eastern. Today's results are expected to include Applied Materials (AMAT), Autodesk (ADSK), Brady Corp. (BRC), Flowers Foods (FLO), JC Penney (JCP), Kohl's Corp. (KSS), Marvell Technology (MRVL), Nordstrom (JWN), Prestige Brands (PBH), TalkTalk Telecom (OTCMKTS:TKTCY), Wal-Mart (WMT), and Zumiez (ZUMZ).
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627e3ae8-88b1-431d-90d9-8886cceece8f
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723018.0
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2013-05-15 00:00:00 UTC
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Deere Reports Record 2Q Earnings - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-reports-record-2q-earnings-analyst-blog-2013-05-15
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nan
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nan
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Driven by higher sales of farm machinery, Deere & Company ( DE ) reported record second quarter fiscal 2013 earnings of $1.08 billion or $2.76 per share compared with $1.056 billion or $2.61 per share earned in the prior-year quarter. Reported earnings per share were ahead of the Zacks Consensus Estimate of $2.74 per share.
Operational Update
Deere's worldwide total sales increased 9% year over year to $10.9 billion, beating the Zacks Consensus Estimate of $9.8 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $10.3 billion, a 9% year-over-year increase including a price rise of 3% offset by an unfavorable currency translation effect of 2%. Region-wise, equipment net sales were up 9% in the United States and Canada and 9% in rest of the world.
Cost of sales in the quarter climbed 9% to $7.48 billion. Selling, administrative and general expenses increased 8% to $956 million. Operating profit improved 8% year over year to $2.1 billion in the quarter.
Operating income of equipment operations increased 9% to $1.66 billion as price realization, lower raw material costs and higher shipment volumes helped offset increased production costs and higher selling, administrative and general expenses and unfavorable effects of foreign-currency exchange.
Segment Performance
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. Operating profit of the segment improved 13% to $1.58 million.
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 effects of foreign exchange.
Construction & Forestry experienced a 6% year-over-year decline in sales to $1.57 billion, due to lower shipment volumes. The segment operating profit plunged 32% year over year to $81 million, driven by lower shipment, higher production costs along with higher selling, general and administrative and research and development expenses, which offset the benefit from improved price realization.
Net revenue at Deere's Financial Services operations was $536 million in the reported quarter, up 10% year over year. Net income in this segment was $125 million compared with $109 million in the year-ago quarter. The improvement stemmed from growth in the credit portfolio and higher crop insurance margins, partially offset by increased selling, administrative and general expenses.
Financial Position
As of Apr 30, 2013, Deere had cash and cash equivalents of $3.65 billion, up from $3.02 billion as of Apr 30, 2012. Long-term borrowings increased to $21.7 billion as of Apr 30, 2013 from $18.7 billion as of Apr 30, 2012. The company used net cash flow for operating activities of $1.16 billion during the first half of fiscal 2013 compared with $1.53 billion in the prior-year comparable period.
Looking Forward
Deere expects equipment sales to grow around 3% in the third quarter of fiscal 2013 and 5% for the full year. Net income is projected at $3.3 billion for fiscal 2013.
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 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 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 the poor harvest in the U.K. last year.
Sales in the Commonwealth of Independent States are expected to witness a slight decline. Sales in Asia are expected to be flat year-over-year. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be flat-to-down slightly year-over-year due to cool, wet spring in North America and reflecting a cautious consumer outlook.
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 U.S. economic growth. Weakness in the European markets will continue to affect the forestry markets. Net income from Financial Services is estimated at around $550 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.
However, continued weakness in the European markets, additional import duty imposed in Russia, Kazakhstan and Belarus, margin headwinds which include higher production costs associated with interim Tier 4 as well as global growth expenses remain concerns.
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). Other stocks in the industrial products sector with a favorable Zacks Rank are Alamo Group, Inc. ( ALG ), AO Smith Corp. ( AOS ) and CNH Global NV ( CNH ) with a Zacks Rank #2 (Buy)
ALAMO GROUP INC (ALG): Free Stock Analysis Report
SMITH (AO) CORP (AOS): 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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However, continued weakness in the European markets, additional import duty imposed in Russia, Kazakhstan and Belarus, margin headwinds which include higher production costs associated with interim Tier 4 as well as global growth expenses remain concerns. Driven by higher sales of farm machinery, Deere & Company ( DE ) reported record second quarter fiscal 2013 earnings of $1.08 billion or $2.76 per share compared with $1.056 billion or $2.61 per share earned in the prior-year quarter. Operational Update Deere's worldwide total sales increased 9% year over year to $10.9 billion, beating the Zacks Consensus Estimate of $9.8 billion.
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The segment operating profit plunged 32% year over year to $81 million, driven by lower shipment, higher production costs along with higher selling, general and administrative and research and development expenses, which offset the benefit from improved price realization. Other stocks in the industrial products sector with a favorable Zacks Rank are Alamo Group, Inc. ( ALG ), AO Smith Corp. ( AOS ) and CNH Global NV ( CNH ) with a Zacks Rank #2 (Buy) ALAMO GROUP INC (ALG): Free Stock Analysis Report SMITH (AO) CORP (AOS): 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. Driven by higher sales of farm machinery, Deere & Company ( DE ) reported record second quarter fiscal 2013 earnings of $1.08 billion or $2.76 per share compared with $1.056 billion or $2.61 per share earned in the prior-year quarter.
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Operational Update Deere's worldwide total sales increased 9% year over year to $10.9 billion, beating the Zacks Consensus Estimate of $9.8 billion. Other stocks in the industrial products sector with a favorable Zacks Rank are Alamo Group, Inc. ( ALG ), AO Smith Corp. ( AOS ) and CNH Global NV ( CNH ) with a Zacks Rank #2 (Buy) ALAMO GROUP INC (ALG): Free Stock Analysis Report SMITH (AO) CORP (AOS): 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. Driven by higher sales of farm machinery, Deere & Company ( DE ) reported record second quarter fiscal 2013 earnings of $1.08 billion or $2.76 per share compared with $1.056 billion or $2.61 per share earned in the prior-year quarter.
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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 U.S. economic growth. Our View Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Driven by higher sales of farm machinery, Deere & Company ( DE ) reported record second quarter fiscal 2013 earnings of $1.08 billion or $2.76 per share compared with $1.056 billion or $2.61 per share earned in the prior-year quarter.
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cfd4ffdc-1eb4-4ac1-aa26-698a87c98588
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723019.0
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2013-05-15 00:00:00 UTC
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Pre-Market Primer: Eurozone Recession Deepens
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DE
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https://www.nasdaq.com/articles/pre-market-primer-eurozone-recession-deepens-2013-05-15
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nan
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nan
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US stocks are set to decline today as gloomy data from Europe and bad news for the US goods producing sector hangs over the markets.
In the first three months of this year, Europe's recession deepened. The collective eurozone economy shrank 0.2%, marking the sixth straight quarter of contraction.
France is officially back in recession, as the economy shrank by 0.2% for the past two quarters. Germany grew by 0.1%, much slower than economists had expected. Austrian growth was flat, following a 0.2% decline in the last quarter of 2012. The Czech Republic's year-long recession continued as GDP fell 0.8%. The Netherlands shrank 0.1%, also extending a recession. Italy shrank 0.5% in its seventh-straight quarter of contraction.
The data pushed down European equities and the euro, but Japan's Nikkei (INDEXNIKKEI:.NI225) soared 2.3% overnight, boosted by a weak yen and a 10% gain for Sony ( SNE ) after an activist hedge fund manager argued for a spin-off of its lucrative entertainment unit.
Bank of America Merrill Lynch ( BAC ) analysts cut their forecast for Chinese growth to 8%, citing weak external demand.
US stock futures declined before the opening bell. Dow (INDEXDJX:.DJI) futures are down 0.07% at 15,164. S&P 500 (INDEXSP:.INX) futures fell 0.13% to 1,645.90 and future contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index ticked down 0.03% at 2,994.50.
In US economics, a report later this morning is expected to show that industrial production fell 0.2% last month after gaining 0.4% in March. The Empire State manufacturing index showed that business conditions in the industrial sector in the the New York metropolitan area were worse than expected this month, declining to -1.43 from 3.05 in April. Producer prices fell 0.7% in April, in line with expectations.
Macy's ( M ), a major consumer bellwether, reported earnings of $0.55 per share, beating expectations by $0.02. Revenue of $6.39 billion, up 4% from a year earlier, was in line with projections. The company also declared a nickel increase in its quarterly dividend to $0.25.
Deere & Co. ( DE ) shares fell 3.14% this morning as it cut its forecast for 2013 equipment sales, blaming currency exchange rates. Earnings per share of $2.76 on $10.9 billion in sales for the previous quarter beat expectations.
Early proxy votes suggest that JPMorgan Chase ( JPM ) shareholders are likely to vote to allow Jamie Dimon to keep his dual role as CEO and Chairman of the largest US lender.
Cisco (CSCO) could see heavy trading today ahead of its earnings statement after the bell. Investors expect to see $0.49 profit per share on $12.2 billion in revenue.
Google (GOOG) might also see action as it holds its annual developers' conference, where it is expected to unveil new products.
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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US stocks are set to decline today as gloomy data from Europe and bad news for the US goods producing sector hangs over the markets. The data pushed down European equities and the euro, but Japan's Nikkei (INDEXNIKKEI:.NI225) soared 2.3% overnight, boosted by a weak yen and a 10% gain for Sony ( SNE ) after an activist hedge fund manager argued for a spin-off of its lucrative entertainment unit. The Empire State manufacturing index showed that business conditions in the industrial sector in the the New York metropolitan area were worse than expected this month, declining to -1.43 from 3.05 in April.
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US stocks are set to decline today as gloomy data from Europe and bad news for the US goods producing sector hangs over the markets. In the first three months of this year, Europe's recession deepened. Austrian growth was flat, following a 0.2% decline in the last quarter of 2012.
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The Empire State manufacturing index showed that business conditions in the industrial sector in the the New York metropolitan area were worse than expected this month, declining to -1.43 from 3.05 in April. US stocks are set to decline today as gloomy data from Europe and bad news for the US goods producing sector hangs over the markets. In the first three months of this year, Europe's recession deepened.
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US stock futures declined before the opening bell. US stocks are set to decline today as gloomy data from Europe and bad news for the US goods producing sector hangs over the markets. In the first three months of this year, Europe's recession deepened.
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61f3e48c-aeaf-415c-869e-c53a7e12c95d
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723020.0
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2013-05-14 00:00:00 UTC
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Tepper's Spark Ignites a Blaze, Sending the S&P Through 1650
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DE
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https://www.nasdaq.com/articles/teppers-spark-ignites-blaze-sending-sp-through-1650-2013-05-14
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nan
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nan
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Tuesday was an unusual day for the market as a serious rally appeared to have ignited on bullish comments from a hedge fund manager, despite a lack of obvious market-moving news.
This morning on CNBC, investment magnate David Tepper of Appaloosa Management issued an extremely positive outlook on the stock market, going so far as to say, "For guys that are short, they better have themselves a shovel to get out of the grave."
The initial positive reaction in US stock futures seemed like a simple countermove in the face of negative expectations, as it had been rumoredon Monday that Tepper was set to come out as bearish.
However, momentum was ignited, and we saw a day that could most definitely be characterized as "risk-on," complete with the S&P 500 (INDEXSP:.INX) surging into the close to break the 1650 level for the first time in history.
Furthermore, the small-cap Russell 2000 Index (INDEXRUSSELL:RUT) , which outperformed the S&P, finished at 985, putting it within striking distance of the 1000 level. We also saw US Treasury yields rise and significant outperformance in financial stocks. Goldman Sachs ( GS ) was a notable outperformer in that group, surging over 3%.
However, the real standout mover of the day was Tesla Motors ( TSLA ). Following its recent dramatic earnings report and news-driven surge (due to the extremely positive reviews of its Model S car), the stock rose a whopping 11% to $97.12 within the first two minutes of the market open.
By the afternoon, the stock fell as low as $81.15 before bouncing up to finish at $83.34, showing the dangers (and opportunities) in trading high-octane momentum stocks -- especially when they have 40%+ short interest level.
Over in economics, the April Import Price Index fell 2.6%, which was slighter better than the expected -3.1% reading, while the Export Price Index was in-line with expectations at -0.5%.
In international news, ratings agency Fitch upgraded its rating on Greece to B- from CCC, which drove some optimism in Europe.
However, note that many investors are keying in on the action in Japanese bonds as well as the yen, both of which have fallen sharply in recent sessions.
Tomorrow's Financial Outlook
In economics, we'll see a host of data coming out, including the MBA Mortgage Index at7:00 a.m. EDT, the PPI at8:30 a.m. EDT, and the Empire Manufacturing Index at8:30 a.m. EDT. For a fulleconomic calendar please consult our Trading Radar .
We'll see a few major earnings reports outtomorrow , namely Deere ( DE ) and Macy's ( M ) in the morning, and Cisco Systems ( CSCO ) after the close.
Looking forward, we suspect tomorrow's economic data reports could set the tone for the next move in the market. Despite positive sentiment indicators, market participants continue to seem overly cautious . As we've seen many times this year, weakness in data doesn't necessarily equate to weakness in stocks, so resist the urge to make snap decisions.
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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Tuesday was an unusual day for the market as a serious rally appeared to have ignited on bullish comments from a hedge fund manager, despite a lack of obvious market-moving news. Following its recent dramatic earnings report and news-driven surge (due to the extremely positive reviews of its Model S car), the stock rose a whopping 11% to $97.12 within the first two minutes of the market open. However, momentum was ignited, and we saw a day that could most definitely be characterized as "risk-on," complete with the S&P 500 (INDEXSP:.INX) surging into the close to break the 1650 level for the first time in history.
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Tuesday was an unusual day for the market as a serious rally appeared to have ignited on bullish comments from a hedge fund manager, despite a lack of obvious market-moving news. However, momentum was ignited, and we saw a day that could most definitely be characterized as "risk-on," complete with the S&P 500 (INDEXSP:.INX) surging into the close to break the 1650 level for the first time in history. Furthermore, the small-cap Russell 2000 Index (INDEXRUSSELL:RUT) , which outperformed the S&P, finished at 985, putting it within striking distance of the 1000 level.
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Following its recent dramatic earnings report and news-driven surge (due to the extremely positive reviews of its Model S car), the stock rose a whopping 11% to $97.12 within the first two minutes of the market open. Tuesday was an unusual day for the market as a serious rally appeared to have ignited on bullish comments from a hedge fund manager, despite a lack of obvious market-moving news. However, momentum was ignited, and we saw a day that could most definitely be characterized as "risk-on," complete with the S&P 500 (INDEXSP:.INX) surging into the close to break the 1650 level for the first time in history.
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Tuesday was an unusual day for the market as a serious rally appeared to have ignited on bullish comments from a hedge fund manager, despite a lack of obvious market-moving news. Tomorrow's Financial Outlook In economics, we'll see a host of data coming out, including the MBA Mortgage Index at7:00 a.m. EDT, the PPI at8:30 a.m. EDT, and the Empire Manufacturing Index at8:30 a.m. EDT. However, momentum was ignited, and we saw a day that could most definitely be characterized as "risk-on," complete with the S&P 500 (INDEXSP:.INX) surging into the close to break the 1650 level for the first time in history.
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723021.0
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2013-05-14 00:00:00 UTC
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Pre-Market Earnings Report for May 15, 2013 : DE, M, CSC, AG, GLOG, ACAT, BABY, CGX, EJ, JST, FES, OXF
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-15-2013-de-m-csc-ag-glog-acat-baby-cgx-ej-jst-fes-oxf-2013
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nan
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The following companies are expected to report earnings prior to market open on 05/15/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending April 30, 2013. The farm machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.74. This value represents a 4.98% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DE is 10.78 vs. an industry ratio of 14.30.
Macy's Inc ( M ) is reporting for the quarter ending April 30, 2013. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.53. This value represents a 23.26% increase compared to the same quarter last year. In the past year M has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.54%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for M is 12.02 vs. an industry ratio of 14.60.
Computer Sciences Corporation ( CSC ) is reporting for the quarter ending March 31, 2013. The computer services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.96. This value represents a 785.71% increase compared to the same quarter last year. CSC missed the consensus earnings per share in the 1st calendar quarter of 2012 by -170%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CSC is 18.55 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
First Majestic Silver Corp. ( AG ) is reporting for the quarter ending March 31, 2013. The mining company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.25. This value represents a 3.85% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AG is 9.48 vs. an industry ratio of 11.70.
GasLog Ltd. ( GLOG ) is reporting for the quarter ending March 31, 2013. The shipping company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.06. This value represents a no change for the same quarter last year. GLOG missed the consensus earnings per share in the 4th calendar quarter of 2012 by -20%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for GLOG is 22.05 vs. an industry ratio of 19.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Arctic Cat Inc. ( ACAT ) is reporting for the quarter ending March 31, 2013. The leisure (recreational) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.40. This value represents a 18.37% increase compared to the same quarter last year. ACAT missed the consensus earnings per share in the 4th calendar quarter of 2012 by -2.26%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ACAT is 16.82 vs. an industry ratio of -27.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Natus Medical Incorporated ( BABY ) is reporting for the quarter ending March 31, 2013. The medical instruments company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.12. This value represents a 71.43% increase compared to the same quarter last year. BABY missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -30.77%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BABY is 16.18 vs. an industry ratio of -285.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Consolidated Graphics, Inc. ( CGX ) is reporting for the quarter ending March 31, 2013. The printing company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.51. This value represents a 121.74% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 20 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CGX is 11.97 vs. an industry ratio of 17.00.
E-House (China) Holdings Limited ( EJ ) is reporting for the quarter ending March 31, 2013. The real estate company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.19. This value represents a 34.48% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for EJ is -94.00 vs. an industry ratio of 13.20.
Jinpan International Limited ( JST ) is reporting for the quarter ending March 31, 2013. The electrical instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.04. This value represents a 83.33% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for JST is 6.18 vs. an industry ratio of 13.50.
Forbes Energy Services Ltd ( FES ) is reporting for the quarter ending March 31, 2013. The metal processing & fabrication company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.17. This value represents a 185.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FES is -16.24 vs. an industry ratio of 13.90.
Oxford Resource Partners, LP ( OXF ) is reporting for the quarter ending March 31, 2013. The coal company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.25. This value represents a 21.88% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for OXF is -3.28 vs. an industry ratio of 9.80.
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, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DE is 10.78 vs. an industry ratio of 14.30. This value represents a 3.85% decrease compared to the same quarter last year.
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Deere & Company ( DE ) is reporting for the quarter ending April 30, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DE is 10.78 vs. an industry ratio of 14.30. This value represents a 3.85% decrease compared to the same quarter last year.
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Deere & Company ( DE ) is reporting for the quarter ending April 30, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DE is 10.78 vs. an industry ratio of 14.30. This value represents a 3.85% decrease compared to the same quarter last year.
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Deere & Company ( DE ) is reporting for the quarter ending April 30, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DE is 10.78 vs. an industry ratio of 14.30. This value represents a 3.85% decrease compared to the same quarter last year.
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2013-05-13 00:00:00 UTC
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Stocks Finish Mixed as Fed Rumors Trump Retail Sales
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https://www.nasdaq.com/articles/stocks-finish-mixed-fed-rumors-trump-retail-sales-2013-05-13
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"Markets can't go up every day -- unless that day is Tuesday, of course," quipped Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. "For those of you keeping score at home, the Dow Jones Industrial Average (DJI) has been up a record 17 consecutive Tuesdays. I'm not a betting man, but heading into tomorrow, you might not want to bet against the power of Tuesday." For today, however, the Dow gave back a fraction of last week's gains, ending with a loss of roughly 26 points.
Continue reading for more on today's market, including :
Senior Trading Analyst Bryan Sapp outlines the " big week ahead ," and suggests what to expect.
A pre-earnings checkup on Cisco Systems ( CSCO ), J.C. Penney ( JCP ), and Deere & Company ( DE ). Which names seem poised for potential upside?
One Facebook Inc ( FB ) call buyer scooped up a 5,000-contract block to bet on a big move.
plus...
Retail sales surprise, the Fed plans an end to QE3, and option players forecast a new all-time high for Google Inc ( GOOG ).
The Dow Jones Industrial Average (DJI) shuffled sideways in a relatively tight range just below the breakeven mark on Monday. By the close, the Dow had given back 26.8 points, or 0.2%, to end at 15,091.68. Thirteen of the Dow's 30 members finished higher, however, with Pfizer (PFE) nabbing the top spot, up 2.3%. Pacing the declining majority was Alcoa (AA), which dropped nearly 2%.
After spending much of the day in the red, the S&P 500 Index (SPX) eked into positive territory by the closing bell. Specifically, the broad-based index ended up less than 0.1 point at 1,633.77. In morning trading, the SPX notched another new all-time intraday high of 1,636.00. The Nasdaq Composite (COMP) hit another 12-year intraday peak of 3,447.10 earlier today before closing up just 2.2 points, or 0.1%, at 3,438.79.
The CBOE Market Volatility Index (VIX) spent much of its day above the breakeven level -- reaching as high as 12.87 -- but settled on a loss, down less than 0.1 point, or 0.3%, at 12.55, just shy of its intraday low.
A Trader's Take :
"After some solid gains last week, U.S. markets held very tough today ... there was a little fear over the weekend, as word leaked that the Fed was considering an exit plan for its $85-billion-per-month bond-buying program," noted Detrick. "I don't really buy this was much more than something to talk about, however, as the news shouldn't come as a shock. More importantly, retail sales for April came in better than expected. Sure, the reading wasn't great, but then again, the economy continues to defy its critics."
3 Things to Know About Today's Market :
The Federal Reserve may begin scaling back its monthly bond-buying program , according to an article in Monday's Wall Street Journal . While the precise timing of this shift remains a mystery, central-bank officials have reportedly outlined a plan to begin reducing its $85 billion monthly commitment. (CNBC)
Retail sales ticked 0.1% higher in April (on a month-over-month basis), surprising economists, who had forecast a drop in the reading. Particular pockets of growing sales demand were vehicles and home and garden supplies. (CNNMoney)
Members of a Dell Inc. (DELL) special board contacted Carl Icahn for specifics on his plan to overtake the company for $12 per share. Mr. Icahn's proposal -- made in cooperation with Southeastern Asset Management -- would keep the PC maker publicly traded. (Reuters)
5 Stocks We Were Watching Today :
Advanced Micro Devices (AMD) option bulls targeted more upside over the next several weeks.
Bearish Baidu.com (BIDU) traders expect a short-term pullback in the shares.
Can Google Inc ( GOOG ) hit another new all-time high ? Some call buyers seem to think so.
One firm lifted its price target on Sirius XM Radio (SIRI) by 11% to $4 per share.
Molycorp Inc (MCP) option speculators turned bullish in the wake of the company's earnings report.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
Concerns of an end to QE3 combined forces with a rising U.S. dollar to send crude futures south today. At the close, June-dated oil had given back 87 cents, or 0.9%, to end at $95.17 per barrel, the lowest settlement since May 2.
Gold futures also moved lower, turning in their third straight decline. June gold futures settled at $1,434.30 an ounce, shedding $2.30, or 0.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication 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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The CBOE Market Volatility Index (VIX) spent much of its day above the breakeven level -- reaching as high as 12.87 -- but settled on a loss, down less than 0.1 point, or 0.3%, at 12.55, just shy of its intraday low. A Trader's Take : "After some solid gains last week, U.S. markets held very tough today ... there was a little fear over the weekend, as word leaked that the Fed was considering an exit plan for its $85-billion-per-month bond-buying program," noted Detrick. "Markets can't go up every day -- unless that day is Tuesday, of course," quipped Schaeffer's Senior Technical Strategist Ryan Detrick, CMT.
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The Dow Jones Industrial Average (DJI) shuffled sideways in a relatively tight range just below the breakeven mark on Monday. "Markets can't go up every day -- unless that day is Tuesday, of course," quipped Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. A pre-earnings checkup on Cisco Systems ( CSCO ), J.C. Penney ( JCP ), and Deere & Company ( DE ).
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For a look at today's options movers and commodities activity, head to page 2. Commodities : Concerns of an end to QE3 combined forces with a rising U.S. dollar to send crude futures south today. "Markets can't go up every day -- unless that day is Tuesday, of course," quipped Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. A pre-earnings checkup on Cisco Systems ( CSCO ), J.C. Penney ( JCP ), and Deere & Company ( DE ).
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Gold futures also moved lower, turning in their third straight decline. "Markets can't go up every day -- unless that day is Tuesday, of course," quipped Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. A pre-earnings checkup on Cisco Systems ( CSCO ), J.C. Penney ( JCP ), and Deere & Company ( DE ).
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723023.0
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2013-05-11 00:00:00 UTC
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My Favorite Industrial Dividend Stocks With Low Forward P/E
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https://www.nasdaq.com/articles/my-favorite-industrial-dividend-stocks-low-forward-pe-2013-05-11
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The cheapest large cap industrial dividend stocks, measured by the lowest forward P/E, are valuated between 8.27 and 14.08. Sixteen of the 20 cheapest industrial stocks have a current buy or better rating.
Industrials are more cyclic by nature but they can give you a boost to your portfolio, especially when the economy is in a rush. My favorite buying sector is still the consumer sector. I love consumer stocks because of the high margins and strong consumer loyalty which results in relative robust sales. Consumer stocks are the subject of my analysis within the next week.
Here are my favorite stocks:
General Dynamics ( GD ) has a market capitalization of $26.74 billion. The company employs 92,200 people, generates revenue of $31.513 billion and has a negative net income of - $332 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $3.447 billion. The EBITDA margin is 10.94% (the operating margin is 2.64% and the net profit margin -1.05%).
Financial Analysis: The total debt represents 11.39% of the company's assets and the total debt in relation to the equity amounts to 34.31%. Due to the financial situation, a return on equity of -2.70% was realized. Twelve trailing months earnings per share reached a value of - $0.98. Last fiscal year, the company paid $2.04 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is not calculable, the P/S ratio is 0.84 and the P/B ratio is 2.34. The dividend yield amounts to 2.98% and the beta ratio has a value of 1.22.
Dover Corporation ( DOV ) has a market capitalization of $12.66 billion. The company employs 35,000 people, generates revenue of $8.104 billion and has a net income of $833.12 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1.798 billion. The EBITDA margin is 22.19% (the operating margin is 15.61% and the net profit margin is 10.28%).
Financial Analysis: The total debt represents 26.81% of the company's assets and the total debt in relation to the equity amounts to 56.92%. Due to the financial situation, a return on equity of 16.92% was realized. Twelve trailing months earnings per share reached a value of $4.73. Last fiscal year, the company paid $1.33 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.65, the P/S ratio is 1.55 and the P/B ratio is 2.60. The dividend yield amounts to 1.91% and the beta ratio has a value of 1.34.
United Technologies Corp. ( UTX ) has a market capitalization of $87.31 billion. The company employs 218,000 people, generates revenue of $57.708 billion and has a net income of $5.20 billion. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $9.508 billion. The EBITDA margin is 16.48% (the operating margin is 13.32% and the net profit margin is 9.01%).
Financial Analysis: The total debt represents 25.97 percent of the company's assets and the total debt in relation to the equity amounts to 89.61 percent. Due to the financial situation, a return on equity of 20.25 percent was realized. Twelve trailing months earnings per share reached a value of $5.41. Last fiscal year, the company paid $2.03 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 17.59, the P/S ratio is 1.51 and the P/B ratio is 3.36. The dividend yield amounts to 2.26% and the beta ratio has a value of 1.06.
Take a closer look at the full list of the cheapest industrial dividend stocks. The average P/E ratio amounts to 16.11 and the forward P/E ratio is 12.01. The dividend yield has a value of 2.53%. Price to book ratio is 2.98 and the price to sales ratio is1.06. The operating margin amounts to 9.53% and the beta ratio is 1.45. Stocks from the list have an average debt to equity ratio of 2.04.
Dividend stocks from the industrial sector with very low forward P/E ratios originally published at "long-term-investments.blogspot.com."
Related stock ticker symbols:
CNH, DE, NOC, GD, SI, CAT, LMT, RTN, CMI, ETN, DOV, GE, SWK, PH, CRH, BA, FLR, IR, UTX, HON
Selected Articles:
� 16 Of The Best Dividend Paying Industrials With Strong Growth And Low Debt Ratios
� The Best Yielding Large Cap Industrial Stocks
� Industrial Dividend Stocks With Gaining Earnings Growth Momentum
� The Best Industrial Dividend Stocks 2012
*If you would like to receive more dividend stock ideas and the free Dividend Weekly, you should subscribe to my freee-mail list. Alternatively, you can follow meonFacebookorTwitter.
Read More:
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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The cheapest large cap industrial dividend stocks, measured by the lowest forward P/E, are valuated between 8.27 and 14.08. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $3.447 billion. Financial Analysis: The total debt represents 11.39% of the company's assets and the total debt in relation to the equity amounts to 34.31%.
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Financial Analysis: The total debt represents 25.97 percent of the company's assets and the total debt in relation to the equity amounts to 89.61 percent. Stocks from the list have an average debt to equity ratio of 2.04. Dividend stocks from the industrial sector with very low forward P/E ratios originally published at "long-term-investments.blogspot.com." Selected Articles: � 16 Of The Best Dividend Paying Industrials With Strong Growth And Low Debt Ratios � The Best Yielding Large Cap Industrial Stocks � Industrial Dividend Stocks With Gaining Earnings Growth Momentum � The Best Industrial Dividend Stocks 2012 *If you would like to receive more dividend stock ideas and the free Dividend Weekly, you should subscribe to my freee-mail list.
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Stocks from the list have an average debt to equity ratio of 2.04. Dividend stocks from the industrial sector with very low forward P/E ratios originally published at "long-term-investments.blogspot.com." Selected Articles: � 16 Of The Best Dividend Paying Industrials With Strong Growth And Low Debt Ratios � The Best Yielding Large Cap Industrial Stocks � Industrial Dividend Stocks With Gaining Earnings Growth Momentum � The Best Industrial Dividend Stocks 2012 *If you would like to receive more dividend stock ideas and the free Dividend Weekly, you should subscribe to my freee-mail list. The cheapest large cap industrial dividend stocks, measured by the lowest forward P/E, are valuated between 8.27 and 14.08.
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Stocks from the list have an average debt to equity ratio of 2.04. Dividend stocks from the industrial sector with very low forward P/E ratios originally published at "long-term-investments.blogspot.com." The cheapest large cap industrial dividend stocks, measured by the lowest forward P/E, are valuated between 8.27 and 14.08. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $3.447 billion.
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723024.0
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2013-05-10 00:00:00 UTC
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The Week Ahead: Full Slate of Economic Data; Earnings From Cisco, Wal-Mart and Deere
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https://www.nasdaq.com/articles/week-ahead-full-slate-economic-data-earnings-cisco-wal-mart-and-deere-2013-05-10
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A host of economic data is set to be released for the week beginning May 13. Investors will also continue to be focused on corporate earnings reports from a number of leading companies. Heading into next week, the major averages are sitting near new highs and confidence on Wall Street has been steadily gaining momentum.
Among the companies that are set to release quarterly financial results next week are Take-Two Interactive (NASDAQ: TTWO ), Agilent (NYSE: A ), John Deere (NYSE: DE ), Macy's (NYSE: M ), Cisco (NASDAQ: CSCO ), AutoDesk (NASDAQ: ADSK ), and WalMart (NYSE: WMT ).
On the economic front, a spate of domestic reports are set to be released starting on Monday with retail sales figures. On Tuesday, PPI data will be released along with industrial production and capacity utilization. Thursday will see initial jobless claims data along with CPI, housing starts and the Philadelphia Fed manufacturing figures. The full week of economic reports will be capped off on Friday with May data for the University of Michigan Consumer Confidence Index and Leading Indicators for April.
Earnings
On Monday after the closing bell, video-game publisher Take-Two Interactive is expected to release its quarterly financial results. Heading into the report, Wall Street analysts have consensus earnings per share estimates of $0.23 versus a loss of $0.60 in the year ago period. Sales for the quarter are expected to be up more than 89 percent to $280.36 million.
Ahead of Monday's key report, analysts at Wedbush published a client note suggesting that the company is likely to report results at or above the high end of its guidance. The firm is also looking for Take-Two to provide fiscal 2014 guidance which is ahead of current consensus expectations. Wedbush reiterated its Outperform rating on the stock and $19.00 price target.
Analysts at Sterne Agee also wrote in a research note that Take-Two is likely to exceed March quarter expectations. The firm reiterated its Buy rating on the stock and $17.00 price target. The analysts cited the upcoming console upgrade cycle as a positive catalyst for TTWO as well as other video-game publishers.
On Wednesday afternoon leading networking name Cisco Systems (NASDAQ: CSCO ) is set to release its quarterly results. Currently, analysts are projecting that the company will earn $0.49 per share on revenue of $12.18 billion. In the year ago quarter, Cisco reported EPS of $0.48 on revenue of $11.59 billion.
In a preview report released on May 9, analysts at Deutsche Bank reiterated their Buy rating on the shares and $24.00 price target. They wrote that for the third-quarter the company is likely to report results that are in line or slightly below expectations. Nevertheless, they like the stock long-term.
The Deutsche Bank analysts wrote that "Our Buy rating reflects conviction in potential for upside to the FY14+ view from Cisco's newer switching, routing, mobility, security platforms, and services ramping into attractive software-oriented product cycles." They also noted that competition in key businesses is weak.
On Thursday after the closing bell Autodesk (NASDAQ: ADSK ) will be releasing its quarterly earnings and sales figures. Heading into the report, analysts have consensus EPS estimates of $0.45 for the company. This compares to the $0.47 per share that Autodesk reported in the year ago quarter. Revenue is expected to be down 0.90 percent to $583.40 million.
Analysts at Goldman Sachs released an earnings preview for the company on May 9. The firm sees "near-term conservatism before acceleration begins" at Autodesk. They wrote, "we expect ADSK to post results in line with consensus based on our field work as well as 1) reasonable revenue guidance, 2) our regional revenue scenario analysis, and 3) our view that FX is not likely to have a meaningful negative impact relative to guidance given the company's four-quarter rolling hedge." Goldman Sachs has a Buy rating on the stock and a $45.00 price target.
Economic Reports
The week of May 13-17 is full of economic data. On Monday, U.S. retail sales for April are expected to fall 0.3 percent versus a decline of 0.4 percent in the prior month. On Tuesday, German ZEW economic sentiment figures are expected to show an increase to 38.3.
German GDP figures are due out on Wednesday with expectations for a quarterly increase of 0.3 percent versus a contraction of 0.6 percent last quarter. In the United States, core PPI is expected to be up 1.7 percent on a year over year basis. Japanese quarterly GDP figures will also be released on Wednesday.
Thursday's key reports include CPI and core CPI in the United States and the Philadelphia Fed Manufacturing Index. Year over year core CPI is expected to rise 1.8 percent while CPI is expected to rise 1.3 percent versus last year.
On Friday, economists are expecting the University of Michigan Consumer Sentiment Index to rise to 78.0 for May versus 76.4 in April. The Conference Board's Index of Leading Indicators is expected to show a rise of 0.2 percent for April.
Weekly calendar
Monday
Earnings from:Stratasys (NASDAQ: SSYS ), InterOil (NYSE: IOC ), Take-Two (NASDAQ: TTWO ) U.S. retail sales and core retail sales
Tuesday
Earnings from: Agilent (NYSE: A ), Photronics (NASDAQ: PLAB ) German ZEW economic sentiment, U.S. import price index, Redbook
Wednesday
Earnings from:Arctic Cat (NASDAQ: ACAT ), Deere ( DE ), Macy's (NYSE: M ), Cisco Systems (NASDAQ: CSCO ), Netease.com (NASDAQ: NTES ), Skechers USA (NYSE: SKX ) German GDP, French CPI, Swiss PPI, U.S. PPI, U.S. capacity utilization and industrial production, Empire State Manufacturing Index, Japanese GDP
Thursday
Earnings from:Kohl's (NYSE: KSS ), Alkermes (NASDAQ: ALKS ), Wal-Mart (NYSE: WMT ), Aruba Networks (NASDAQ: ARUN ), J.C. Penney (NYSE: JCP ), Brocade (NASDAQ: BRCD ), Autodesk (NASDAQ: ADSK ), Nordstrom (NYSE: JWN ), Sina (NASDAQ: SINA ) Eurozone CPI, U.S. CPI, U.S. housing starts, Philly Fed,
Friday
Earnings from: Brown Shoe (NYSE: BWS ), Donaldson (NYSE:DCI, and Stage Stores (NYSE: SSI ) Michigan Consumer Sentiment, Leading Indicators, Canadian CPI
(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 full week of economic reports will be capped off on Friday with May data for the University of Michigan Consumer Confidence Index and Leading Indicators for April. The Deutsche Bank analysts wrote that "Our Buy rating reflects conviction in potential for upside to the FY14+ view from Cisco's newer switching, routing, mobility, security platforms, and services ramping into attractive software-oriented product cycles." Heading into next week, the major averages are sitting near new highs and confidence on Wall Street has been steadily gaining momentum.
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Among the companies that are set to release quarterly financial results next week are Take-Two Interactive (NASDAQ: TTWO ), Agilent (NYSE: A ), John Deere (NYSE: DE ), Macy's (NYSE: M ), Cisco (NASDAQ: CSCO ), AutoDesk (NASDAQ: ADSK ), and WalMart (NYSE: WMT ). Earnings On Monday after the closing bell, video-game publisher Take-Two Interactive is expected to release its quarterly financial results. Weekly calendar Monday Earnings from:Stratasys (NASDAQ: SSYS ), InterOil (NYSE: IOC ), Take-Two (NASDAQ: TTWO ) U.S. retail sales and core retail sales Tuesday Earnings from: Agilent (NYSE: A ), Photronics (NASDAQ: PLAB ) German ZEW economic sentiment, U.S. import price index, Redbook Wednesday Earnings from:Arctic Cat (NASDAQ: ACAT ), Deere ( DE ), Macy's (NYSE: M ), Cisco Systems (NASDAQ: CSCO ), Netease.com (NASDAQ: NTES ), Skechers USA (NYSE: SKX ) German GDP, French CPI, Swiss PPI, U.S. PPI, U.S. capacity utilization and industrial production, Empire State Manufacturing Index, Japanese GDP Thursday Earnings from:Kohl's (NYSE: KSS ), Alkermes (NASDAQ: ALKS ), Wal-Mart (NYSE: WMT ), Aruba Networks (NASDAQ: ARUN ), J.C. Penney (NYSE: JCP ), Brocade (NASDAQ: BRCD ), Autodesk (NASDAQ: ADSK ), Nordstrom (NYSE: JWN ), Sina (NASDAQ: SINA ) Eurozone CPI, U.S. CPI, U.S. housing starts, Philly Fed, Friday Earnings from: Brown Shoe (NYSE: BWS ), Donaldson (NYSE:DCI, and Stage Stores (NYSE: SSI ) Michigan Consumer Sentiment, Leading Indicators, Canadian CPI (c) 2013 Benzinga.com.
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Among the companies that are set to release quarterly financial results next week are Take-Two Interactive (NASDAQ: TTWO ), Agilent (NYSE: A ), John Deere (NYSE: DE ), Macy's (NYSE: M ), Cisco (NASDAQ: CSCO ), AutoDesk (NASDAQ: ADSK ), and WalMart (NYSE: WMT ). Weekly calendar Monday Earnings from:Stratasys (NASDAQ: SSYS ), InterOil (NYSE: IOC ), Take-Two (NASDAQ: TTWO ) U.S. retail sales and core retail sales Tuesday Earnings from: Agilent (NYSE: A ), Photronics (NASDAQ: PLAB ) German ZEW economic sentiment, U.S. import price index, Redbook Wednesday Earnings from:Arctic Cat (NASDAQ: ACAT ), Deere ( DE ), Macy's (NYSE: M ), Cisco Systems (NASDAQ: CSCO ), Netease.com (NASDAQ: NTES ), Skechers USA (NYSE: SKX ) German GDP, French CPI, Swiss PPI, U.S. PPI, U.S. capacity utilization and industrial production, Empire State Manufacturing Index, Japanese GDP Thursday Earnings from:Kohl's (NYSE: KSS ), Alkermes (NASDAQ: ALKS ), Wal-Mart (NYSE: WMT ), Aruba Networks (NASDAQ: ARUN ), J.C. Penney (NYSE: JCP ), Brocade (NASDAQ: BRCD ), Autodesk (NASDAQ: ADSK ), Nordstrom (NYSE: JWN ), Sina (NASDAQ: SINA ) Eurozone CPI, U.S. CPI, U.S. housing starts, Philly Fed, Friday Earnings from: Brown Shoe (NYSE: BWS ), Donaldson (NYSE:DCI, and Stage Stores (NYSE: SSI ) Michigan Consumer Sentiment, Leading Indicators, Canadian CPI (c) 2013 Benzinga.com. Heading into next week, the major averages are sitting near new highs and confidence on Wall Street has been steadily gaining momentum.
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Earnings On Monday after the closing bell, video-game publisher Take-Two Interactive is expected to release its quarterly financial results. Heading into next week, the major averages are sitting near new highs and confidence on Wall Street has been steadily gaining momentum. Among the companies that are set to release quarterly financial results next week are Take-Two Interactive (NASDAQ: TTWO ), Agilent (NYSE: A ), John Deere (NYSE: DE ), Macy's (NYSE: M ), Cisco (NASDAQ: CSCO ), AutoDesk (NASDAQ: ADSK ), and WalMart (NYSE: WMT ).
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723025.0
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2013-05-10 00:00:00 UTC
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Focus Shifts to Retail Earnings - Earnings Preview
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https://www.nasdaq.com/articles/focus-shifts-retail-earnings-earnings-preview-2013-05-10
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The Q1 earnings season is over for most of the major sectors, with the Retail sector as the only one that has a significant number of reports still awaited.
As such, Retail has a heavy presence in this week's earnings reports, including industry heavyweights like Wal-Mart ( WMT ), Macy's ( M ) and Nordstrom ( JWN ). But we do have couple of bellwether operators coming out with results this week from other sectors, like Cisco ( CSCO ) and Deere & Co. ( DE ). In total, we will get Q1 earnings reports from 127 companies this week, including 11 S&P 500 members.
Total Retail thus far are up +11.2% from the period last year, on 2.6% higher revenues. This includes strong gains at drugstore chains Walgreens ( WAG ) and momentum in online players in eBay ( EBAY ) and Priceline ( PCLN ). The remaining 22 retailers out of the 47 companies in our S&P 500 Retail sector are expected to see total earnings decline by -2.9% on +2.7% higher revenues. This reflects expectations of flat earnings growth for Wal-Mart and earnings decline for Target ( TGT ) and few others.
Combining the Retail sector earnings for the 25 companies that have come out with the 22 still to come, the sector's total earnings in Q1 should be up +3.6%. This compares to earnings growth rates of +8.1% and +6.1% in 2012 Q4 and Q3, respectively. April same-store sales data for the sector has generally been on the soft side, with industry players citing colder temperatures in April as a reason for light traffic. But it could very well be that the payroll tax changes in January are finally starting to have an effect
We continue to grade the Q1 earnings season as between 'average' and 'below average' - it's definitely neither 'good' nor 'bad' not materially different from what we have been seeing over the last few earnings seasons. That said, the overall level of 'total' quarterly earnings is at a record level, as we discuss in this video .
The Q1 Earnings Scorecard
Here is the summary scorecard for the 453 S&P 500 companies that have reported Q1 results, as of Friday May 10th, 2013.
Note: 'Beat Ratio' is the percentage of companies coming out with positive surprises; 'Median Surp' is the median % surprise.
As you can see, the earnings season has come to an end for 9 of the 16 sectors and except for Retail, the other sectors are close to or more than 90% done as well. A couple of things stand out in the Q1 results: the pronounced negative revenue surprises and the weakness in the Technology sector.
The Technology sector's growth rates and 'beat ratios' are weaker than the same for the S&P 500 as well as what the group reported in 2012 Q4. With 88.5% of the sector's total market capitalization already out with Q1 results, total earnings for the sector are down -4.4%, with 63.2% of the sector companies beating earnings expectations (vs. the S&P 500 average of 65.3%). The revenue side for the sector isn't that bad (up +5.7%), which goes on to spotlight the sector's margin problems.
The composite growth rate for Q1, where we combine the results of the 453 companies that have come out with results with the 47 still to come, is for a rise of +2.4% in total earnings on -0.8% lower revenues. In terms of dollar earnings levels, composite earnings in Q1 total $251.6 billion, the highest quarterly total since the current earnings cycle started back in 2009 (is that why the market is at a new all-time high as well?)
For a detailed look at the earnings picture, please check out our weekly Earnings Trends report here .
Expectations for the second quarter have come down, though estimates for second half of the year still represent a material improvement in the earnings picture. Total earnings in 2013 Q2 are now expected to be up +1.4% on -0.8% lower revenues. This is a drop from the +3.9% total earnings growth expected in Q2 on +0.5% higher revenues in early April.
A similar though less pronounced downward adjustment process has gotten underway for the second half of the year as well. Current expectations are total earnings growth of +5.7% (down from +7.6% in early April) in 2013 Q3 and +13.5% (down from +14.3% in early April) in Q4. For full years 2013 and 2014, total earnings are expected to be up +6.1% (down from +6.8%) and +11.3% (down from +11.5%).
The charts below show trends in earnings estimate revisions. Both charts represent the ratio of total number of upward revisions over the preceding four weeks to the total number of revisions (positive and negative). The first chart shows the current state of this 'revisions ratio' for 2013, while the second chart plots the ratio's trajectory over the preceding 24 months.
Source: Zacks Data
The ratio doesn't tell you the 'magnitude' of the revisions, only the direction. The '50%' level is the dividing line between positive and negative trends, with readings above 50% implying more positive than negative revisions. But our analysis shows that readings between 45% and 55% don't offer material insights into the magnitude of revisions. It is only readings above 55% and below 45% that offer bullish and bearish signals about the magnitude of earnings revisions.
Looked at that way, the aggregate 2013 revisions ratio for the S&P 500 is essentially in neutral territory. But a number of sectors do stand out. The positive revisions trend in Construction and Finance is not that surprising, but Consumer Discretionary sector's strong showing is notable given all the macro headwinds. The positive trend in Aerospace is no less significant, particularly given the group's supposed budget sequester exposure. Aerospace reported very strong Q1 results as well, as the 'Earnings Scorecard' chart above shows.
The chart below shows how the 2013 revisions ratio has evolved over time. We have featured the Technology (red line) and Construction (blue line) sectors to contrast how the aggregate picture has evolved. As you can see, the aggregate ratio has been below or at the 50% line for quite some time.
Monday - 5/13
We will get the April Retail Sales number in the morning, with expectations of -0.4% 'headline' decline after an equivalent drop the month before. The ex-Autos number if expected to be up +0.3% after the -0.4% decline in March.
A number of companies will be reporting Q1 results, but no major names.
Tuesday - 5/14
Nothing major on theeconomic calendar
Valspar ( VAL ) is the only notable report in the morning, while Agilent ( A ) is the key report after the close.
Wednesday - 5/15
A busy day on theeconomic calendar with April PPI, Industrial Production, and May readings of the Empire State and Homebuilder sentiment index coming out.
Deere ( DE ) and Macy's ( M ) are the key reports in the morning, while Cisco ( CSCO ) reports after the close.
The 'magnitude' of estimate revisions for CSCO hasn't been that material, but the direction of revisions has been solely on the negative side. This accounts for the stock's Zacks Rank # 4 (Sell) at present.
Thursday - 5/16
Another busy day on economic data. In addition to weekly Jobless Claims, we will get the April CPI, Housing Starts, and the May Philly Fed surveys.
Wal-Mart ( WMT ) and Kohl's ( KSS ) are the key reports in the morning, while J.C. Penney ( JCP ) and Applied Materials ( AMAT ) will report after the close.
Friday - 5/10
We will get the May Consumer Sentiment survey from the University of Michigan and the Conference Board's April Leading Indicators reading.
No major earnings report.
Here is a list of the 126 companies reporting this week, including 11 S&P 500 members :
AGILENT TECH (A): 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
EBAY INC (EBAY): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
VALSPAR CORP (VAL): Free Stock Analysis Report
WALGREEN CO (WAG): 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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Wednesday - 5/15 A busy day on theeconomic calendar with April PPI, Industrial Production, and May readings of the Empire State and Homebuilder sentiment index coming out. But we do have couple of bellwether operators coming out with results this week from other sectors, like Cisco ( CSCO ) and Deere & Co. ( DE ). This includes strong gains at drugstore chains Walgreens ( WAG ) and momentum in online players in eBay ( EBAY ) and Priceline ( PCLN ).
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Here is a list of the 126 companies reporting this week, including 11 S&P 500 members : AGILENT TECH (A): 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 EBAY INC (EBAY): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. But we do have couple of bellwether operators coming out with results this week from other sectors, like Cisco ( CSCO ) and Deere & Co. ( DE ). This includes strong gains at drugstore chains Walgreens ( WAG ) and momentum in online players in eBay ( EBAY ) and Priceline ( PCLN ).
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Here is a list of the 126 companies reporting this week, including 11 S&P 500 members : AGILENT TECH (A): 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 EBAY INC (EBAY): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report NORDSTROM INC (JWN): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report VALSPAR CORP (VAL): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. But we do have couple of bellwether operators coming out with results this week from other sectors, like Cisco ( CSCO ) and Deere & Co. ( DE ). This includes strong gains at drugstore chains Walgreens ( WAG ) and momentum in online players in eBay ( EBAY ) and Priceline ( PCLN ).
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Source: Zacks Data The ratio doesn't tell you the 'magnitude' of the revisions, only the direction. But we do have couple of bellwether operators coming out with results this week from other sectors, like Cisco ( CSCO ) and Deere & Co. ( DE ). This includes strong gains at drugstore chains Walgreens ( WAG ) and momentum in online players in eBay ( EBAY ) and Priceline ( PCLN ).
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2013-05-10 00:00:00 UTC
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Trading Radar: Retail Sales Growth Expected to Slow to Lowest Point in Four Years
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DE
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https://www.nasdaq.com/articles/trading-radar-retail-sales-growth-expected-slow-lowest-point-four-years-2013-05-10
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This past week was very bare in terms of data releases; one of the two major releases was weekly jobless claims, which declined to 323,000 from last week's 327,000. It also dragged down the 4-week moving average of claims to 336,800. The other was March consumer credit, which declined to a seasonally adjusted $7.966 billion. Within consumer credit, revolving credit fell for the second straight month to $802 billion and nonrevolving credit had its second straight month of increases up to $1,960.4 billion.
Looking ahead to next week, we have more consumption data on the calendar. On Monday, advance retail sales for April will be released. The monthly rate is expected to continue to decline to -0.4% from -0.3% the month prior, however the YoY rate should continue to fall below 2.8%, making it the worst annual gain since November 2009. Over the last 20 years, sub-2.8% YoY retail sales growth would be in the bottom quartile of historical trends. With regards to tax changes, keep in mind that it may take months for the full effects of higher taxes through the payroll tax cut expiration and Obamacare to fully pass through to consumers' spending habits. In April, auto sales seasonally adjusted on an annual basis fell to 14.88 million and have now fallen by 320,000 over the last five months.
Another economic datapoint to note is TIC flows of US assets. On Friday we received data from Japan that Japanese investors had been net buyers of foreign bonds for the second straight week. Japanese investors have been consistent net sellers throughout 2013. Last month for February's data, Caribbean accounts (read: hedge funds) were the largest net buyer of Treasuries, adding $14.9 billion. In 2013, Japanese investors have sold $14.1 billion of Treasuries and Chinese investors have added $2.5 billion. These two subsets are the largest owners of US Treasuries outside of the Federal Reserve.
Other notable economic datapoints for the week include housing starts and building permits. Last month building permits declined to 907,000 from 939,000. As such, housing starts should show a corresponding decline; demand for new mortgages remains robust even though refinance activity has slowed down noticeably.
Lastly, we will begin to see May regional manufacturing surveys in the coming week from New York and Philadelphia, typically two of the more influential surveys. Manufacturing growth has continued to slow; goods-producing jobs declined by 9,000 in April's payrolls report. April manufacturing surveys showed a steep slowdown in manufacturing activity as well as the key new orders subindexes, but the consensus is that a recovery is expected into the months of May and June.
On the global front, European growth will be released on Wednesday. Last week the EU lowered its 2013 growth forecasts for the eurozone to -0.4% growth from -0.1% growth.
Earnings seasons will be coming to a close this week. Thus far, 452 of the 500 companies in the S&P 500 (INDEXSP:.INX) have reported earnings and 1,677 of the 1,928 in the Russell 2000 (INDEXRUSSELL:RUT) have reported. Notable reports from the week include Wal-Mart ( WMT ), JC Penney ( JCP ), Deere ( DE ), Macy's ( M ), Cisco ( CSCO ), and Dick's Sporting Goods (DKS).
Monday, May 13
US Economics (Time Zone: EDT)
08:30 Advance Retail Sales - consensus -0.3%, prior -0.4%
08:30 Retail Sales Less Autos - consensus -0.1%, prior -0.4%
08:30 Retail Sales Ex Auto & Gas - consensus 0.3%, prior -0.1%
10:00 Business Inventories - consensus 0.3%, prior 0.1%
11:30 Treasury selling $29b 3-month bills, $24b 6-month bills
Global Economics (Time Zone: GMT)
01:30 AUD Home Loans
05:30 CNY Industrial Production YTD
05:30 CNY Retail Sales
07:15 CHF Retail Sales
22:45 NZD Retail Sales
Earnings
Before:
Supernus Pharmaceutical (SUPN)
After:
Stratasys (SSYS)
Tuesday, May 14
US Economics (Time Zone: EDT)
07:30 NFIB Small Business Optimism - consensus 90.5, prior 89.5
08:30 Import Price Index YoY - consensus -0.4%, prior -0.5%
11:00 Fed buying $2.75b-$3.5b notes in 7 to 10-year range
11:30 Treasury selling 4-week bills
Global Economics (Time Zone: GMT)
06:00 EUR German CPI
06:00 JPY Machine Tool Orders
09:00 EUR Eurozone Industrial Production
09:00 EUR Eurozone ZEW Survey
Earnings
After:
Agilent (A)
Eagle Materials (EXP)
Wednesday, May 15
US Economics (Time Zone: EDT)
07:00 MBA Mortgage Index
08:30 Empire Manufacturing - consensus 4.00, prior 3.05
08:30 Producer Price Index YoY - consensus 0.8%, prior 1.1%
08:30 PPI Ex Food & Energy YoY - consensus 1.7%, prior 1.7%
09:00 Total Net TIC Flows - prior $53.6B
09:00 Net Long-term TIC Flows - prior -$17.8B
09:15 Industrial Production - consensus -0.1%, prior 0.4%
09:15 Capacity Utilization - consensus 78.3%, prior 78.5%
09:15 Manufacturing Production - consensus 0.0%, prior -0.1%
10:00 NAHB Housing Market Index - consensus 43, prior 42
11:00 Fed buying $750m-$1b bonds in 11 to 19-year range
Global Economics (Time Zone: GMT)
05:00 JPY Consumer Confidence
05:30 EUR French GDP
06:00 EUR German GDP
08:00 EUR Italian GDP
08:30 GBP Employment Figures
09:00 CHF ZEW Survey (economic expectations)
09:00 EUR Overall Eurozone GDP
13:00 CAD Existing Home Sales
23:50 JPY GDP
Earnings
Before:
Deere ( DE )
Macy's ( M )
After:
Cisco ( CSCO )
Dick's Sporting Goods (DKS)
Thursday, May 16
US Economics (Time Zone: EDT)
08:30 Initial Claims - consensus 352K, prior 323K
08:30 Continuing Claims - consensus 3060K, prior 3005K
08:30 Consumer Price Index YoY - consensus 1.4%, prior 1.5%
08:30 CPI Ex Food & Energy YoY - consensus 1.8%, prior 1.9%
08:30 Housing Starts - consensus 980K, prior 1036K
08:30 Building Permits - consensus 941K, prior 907K
10:00 Philadelphia Fed - consensus 2.8, prior 1.3
11:00 Fed purchasing $1.25b-$1.75b bonds in 23 to 30-year range
Global Economics (Time Zone: GMT)
04:30 JPY Industrial Production
09:00 EUR Eurozone CPI
23:50 JPY Machine Orders
Earnings
Before:
Kohl's (KSS)
After:
JCPenney ( JCP )
Nordstrom (JWN)
Applied Materials (AMAT)
Brocade (BRCD)
Aruba Networks (ARUN)
Wal-Mart ( WMT )
Autodesk (ADSK)
Friday, May 17
US Economics (Time Zone: EDT)
09:55 University of Michigan Confidence (1st estimate) - consensus 77.5, prior 76.4
10:00 Leading Indicators - consensus 0.2%, prior -0.1%
11:00 Fed buying $4.75b-$5.75b notes in 5 to 6-year sector
Global Economics (Time Zone: GMT)
01:30 CNY China Property Prices
12:30 CAD CPI
Earnings
No major earnings
Twitter: @MichaelSedacca
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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Notable reports from the week include Wal-Mart ( WMT ), JC Penney ( JCP ), Deere ( DE ), Macy's ( M ), Cisco ( CSCO ), and Dick's Sporting Goods (DKS). This past week was very bare in terms of data releases; one of the two major releases was weekly jobless claims, which declined to 323,000 from last week's 327,000. The other was March consumer credit, which declined to a seasonally adjusted $7.966 billion.
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Notable reports from the week include Wal-Mart ( WMT ), JC Penney ( JCP ), Deere ( DE ), Macy's ( M ), Cisco ( CSCO ), and Dick's Sporting Goods (DKS). Monday, May 13 US Economics (Time Zone: EDT) 08:30 Advance Retail Sales - consensus -0.3%, prior -0.4% 08:30 Retail Sales Less Autos - consensus -0.1%, prior -0.4% 08:30 Retail Sales Ex Auto & Gas - consensus 0.3%, prior -0.1% 10:00 Business Inventories - consensus 0.3%, prior 0.1% 11:30 Treasury selling $29b 3-month bills, $24b 6-month bills Global Economics (Time Zone: GMT) 01:30 AUD Home Loans 05:30 CNY Industrial Production YTD 05:30 CNY Retail Sales 07:15 CHF Retail Sales 22:45 NZD Retail Sales Earnings Before: Supernus Pharmaceutical (SUPN) After: Stratasys (SSYS) Tuesday, May 14 US Economics (Time Zone: EDT) 07:30 NFIB Small Business Optimism - consensus 90.5, prior 89.5 08:30 Import Price Index YoY - consensus -0.4%, prior -0.5% 11:00 Fed buying $2.75b-$3.5b notes in 7 to 10-year range 11:30 Treasury selling 4-week bills Global Economics (Time Zone: GMT) 06:00 EUR German CPI 06:00 JPY Machine Tool Orders 09:00 EUR Eurozone Industrial Production 09:00 EUR Eurozone ZEW Survey Earnings After: Agilent (A) Eagle Materials (EXP) Wednesday, May 15 US Economics (Time Zone: EDT) 07:00 MBA Mortgage Index 08:30 Empire Manufacturing - consensus 4.00, prior 3.05 08:30 Producer Price Index YoY - consensus 0.8%, prior 1.1% 08:30 PPI Ex Food & Energy YoY - consensus 1.7%, prior 1.7% 09:00 Total Net TIC Flows - prior $53.6B 09:00 Net Long-term TIC Flows - prior -$17.8B 09:15 Industrial Production - consensus -0.1%, prior 0.4% 09:15 Capacity Utilization - consensus 78.3%, prior 78.5% 09:15 Manufacturing Production - consensus 0.0%, prior -0.1% 10:00 NAHB Housing Market Index - consensus 43, prior 42 11:00 Fed buying $750m-$1b bonds in 11 to 19-year range Global Economics (Time Zone: GMT) 05:00 JPY Consumer Confidence 05:30 EUR French GDP 06:00 EUR German GDP 08:00 EUR Italian GDP 08:30 GBP Employment Figures 09:00 CHF ZEW Survey (economic expectations) 09:00 EUR Overall Eurozone GDP 13:00 CAD Existing Home Sales Earnings Before: Deere ( DE ) Macy's ( M ) After: Cisco ( CSCO ) Dick's Sporting Goods (DKS) Thursday, May 16 US Economics (Time Zone: EDT) 08:30 Initial Claims - consensus 352K, prior 323K 08:30 Continuing Claims - consensus 3060K, prior 3005K 08:30 Consumer Price Index YoY - consensus 1.4%, prior 1.5% 08:30 CPI Ex Food & Energy YoY - consensus 1.8%, prior 1.9% 08:30 Housing Starts - consensus 980K, prior 1036K 08:30 Building Permits - consensus 941K, prior 907K 10:00 Philadelphia Fed - consensus 2.8, prior 1.3 11:00 Fed purchasing $1.25b-$1.75b bonds in 23 to 30-year range Global Economics (Time Zone: GMT) 04:30 JPY Industrial Production 09:00 EUR Eurozone CPI 23:50 JPY Machine Orders Earnings Before: Kohl's (KSS) After: JCPenney ( JCP ) Nordstrom (JWN) Applied Materials (AMAT) Brocade (BRCD) Aruba Networks (ARUN) Wal-Mart ( WMT ) Autodesk (ADSK) Friday, May 17 US Economics (Time Zone: EDT) 09:55 University of Michigan Confidence (1st estimate) - consensus 77.5, prior 76.4 10:00 Leading Indicators - consensus 0.2%, prior -0.1% 11:00 Fed buying $4.75b-$5.75b notes in 5 to 6-year sector Global Economics (Time Zone: GMT) 01:30 CNY China Property Prices
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This past week was very bare in terms of data releases; one of the two major releases was weekly jobless claims, which declined to 323,000 from last week's 327,000. Monday, May 13 US Economics (Time Zone: EDT) 08:30 Advance Retail Sales - consensus -0.3%, prior -0.4% 08:30 Retail Sales Less Autos - consensus -0.1%, prior -0.4% 08:30 Retail Sales Ex Auto & Gas - consensus 0.3%, prior -0.1% 10:00 Business Inventories - consensus 0.3%, prior 0.1% 11:30 Treasury selling $29b 3-month bills, $24b 6-month bills Global Economics (Time Zone: GMT) 01:30 AUD Home Loans 05:30 CNY Industrial Production YTD 05:30 CNY Retail Sales 07:15 CHF Retail Sales 22:45 NZD Retail Sales Earnings Before: Supernus Pharmaceutical (SUPN) After: Stratasys (SSYS) Tuesday, May 14 US Economics (Time Zone: EDT) 07:30 NFIB Small Business Optimism - consensus 90.5, prior 89.5 08:30 Import Price Index YoY - consensus -0.4%, prior -0.5% 11:00 Fed buying $2.75b-$3.5b notes in 7 to 10-year range 11:30 Treasury selling 4-week bills Global Economics (Time Zone: GMT) 06:00 EUR German CPI 06:00 JPY Machine Tool Orders 09:00 EUR Eurozone Industrial Production 09:00 EUR Eurozone ZEW Survey Earnings After: Agilent (A) Eagle Materials (EXP) Wednesday, May 15 US Economics (Time Zone: EDT) 07:00 MBA Mortgage Index 08:30 Empire Manufacturing - consensus 4.00, prior 3.05 08:30 Producer Price Index YoY - consensus 0.8%, prior 1.1% 08:30 PPI Ex Food & Energy YoY - consensus 1.7%, prior 1.7% 09:00 Total Net TIC Flows - prior $53.6B 09:00 Net Long-term TIC Flows - prior -$17.8B 09:15 Industrial Production - consensus -0.1%, prior 0.4% 09:15 Capacity Utilization - consensus 78.3%, prior 78.5% 09:15 Manufacturing Production - consensus 0.0%, prior -0.1% 10:00 NAHB Housing Market Index - consensus 43, prior 42 11:00 Fed buying $750m-$1b bonds in 11 to 19-year range Global Economics (Time Zone: GMT) 05:00 JPY Consumer Confidence 05:30 EUR French GDP 06:00 EUR German GDP 08:00 EUR Italian GDP 08:30 GBP Employment Figures 09:00 CHF ZEW Survey (economic expectations) 09:00 EUR Overall Eurozone GDP 13:00 CAD Existing Home Sales Earnings Before: Deere ( DE ) Macy's ( M ) After: Cisco ( CSCO ) Dick's Sporting Goods (DKS) Thursday, May 16 US Economics (Time Zone: EDT) 08:30 Initial Claims - consensus 352K, prior 323K 08:30 Continuing Claims - consensus 3060K, prior 3005K 08:30 Consumer Price Index YoY - consensus 1.4%, prior 1.5% 08:30 CPI Ex Food & Energy YoY - consensus 1.8%, prior 1.9% 08:30 Housing Starts - consensus 980K, prior 1036K 08:30 Building Permits - consensus 941K, prior 907K 10:00 Philadelphia Fed - consensus 2.8, prior 1.3 11:00 Fed purchasing $1.25b-$1.75b bonds in 23 to 30-year range Global Economics (Time Zone: GMT) 04:30 JPY Industrial Production 09:00 EUR Eurozone CPI 23:50 JPY Machine Orders Earnings Before: Kohl's (KSS) After: JCPenney ( JCP ) Nordstrom (JWN) Applied Materials (AMAT) Brocade (BRCD) Aruba Networks (ARUN) Wal-Mart ( WMT ) Autodesk (ADSK) Friday, May 17 US Economics (Time Zone: EDT) 09:55 University of Michigan Confidence (1st estimate) - consensus 77.5, prior 76.4 10:00 Leading Indicators - consensus 0.2%, prior -0.1% 11:00 Fed buying $4.75b-$5.75b notes in 5 to 6-year sector Global Economics (Time Zone: GMT) 01:30 CNY China Property Prices
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Other notable economic datapoints for the week include housing starts and building permits. Monday, May 13 US Economics (Time Zone: EDT) 08:30 Advance Retail Sales - consensus -0.3%, prior -0.4% 08:30 Retail Sales Less Autos - consensus -0.1%, prior -0.4% 08:30 Retail Sales Ex Auto & Gas - consensus 0.3%, prior -0.1% 10:00 Business Inventories - consensus 0.3%, prior 0.1% 11:30 Treasury selling $29b 3-month bills, $24b 6-month bills Global Economics (Time Zone: GMT) 01:30 AUD Home Loans 05:30 CNY Industrial Production YTD 05:30 CNY Retail Sales 07:15 CHF Retail Sales 22:45 NZD Retail Sales Earnings Before: Supernus Pharmaceutical (SUPN) After: Stratasys (SSYS) Tuesday, May 14 US Economics (Time Zone: EDT) 07:30 NFIB Small Business Optimism - consensus 90.5, prior 89.5 08:30 Import Price Index YoY - consensus -0.4%, prior -0.5% 11:00 Fed buying $2.75b-$3.5b notes in 7 to 10-year range 11:30 Treasury selling 4-week bills Global Economics (Time Zone: GMT) 06:00 EUR German CPI 06:00 JPY Machine Tool Orders 09:00 EUR Eurozone Industrial Production 09:00 EUR Eurozone ZEW Survey Earnings After: Agilent (A) Eagle Materials (EXP) Wednesday, May 15 US Economics (Time Zone: EDT) 07:00 MBA Mortgage Index 08:30 Empire Manufacturing - consensus 4.00, prior 3.05 08:30 Producer Price Index YoY - consensus 0.8%, prior 1.1% 08:30 PPI Ex Food & Energy YoY - consensus 1.7%, prior 1.7% 09:00 Total Net TIC Flows - prior $53.6B 09:00 Net Long-term TIC Flows - prior -$17.8B 09:15 Industrial Production - consensus -0.1%, prior 0.4% 09:15 Capacity Utilization - consensus 78.3%, prior 78.5% 09:15 Manufacturing Production - consensus 0.0%, prior -0.1% 10:00 NAHB Housing Market Index - consensus 43, prior 42 11:00 Fed buying $750m-$1b bonds in 11 to 19-year range Global Economics (Time Zone: GMT) 05:00 JPY Consumer Confidence 05:30 EUR French GDP 06:00 EUR German GDP 08:00 EUR Italian GDP 08:30 GBP Employment Figures 09:00 CHF ZEW Survey (economic expectations) 09:00 EUR Overall Eurozone GDP 13:00 CAD Existing Home Sales This past week was very bare in terms of data releases; one of the two major releases was weekly jobless claims, which declined to 323,000 from last week's 327,000.
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2013-05-02 00:00:00 UTC
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AGCO's 1Q Earnings Beat Est. - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agcos-1q-earnings-beat-est.-analyst-blog-2013-05-02
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nan
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nan
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AGCO Corporation ( AGCO ) posted first-quarter 2013 earnings of $1.19 per share, declining 1.6% from the prior-year quarter's earnings of $1.21 per share. The results, however, beat the Zacks Consensus Estimate of 88 cents.
Operational Updates
Revenues in the reported quarter increased 5.7% year over year to $2.4 billion and exceeded the Zacks Consensus Estimate of $2.2 billion. The growth was mainly driven by strong market demand in South America and the Asia Pacific region.
Cost of sales increased 5% to $1.87 billion in the first quarter from $1.78 billion in the year-ago quarter. Gross profit in the reported quarter was $533 million, up 8% compared with $493 million in the prior-year quarter. Consequently, gross margin expanded 50 basis points (bps) year over year to 22.1% in the quarter.
Selling, general and administrative expenses amounted to $255.7 million, inched up 7% from the year-ago quarter. Segment income from operations plummeted 7% to $225.6. Consequently, operating margin expanded 10 bps to 9.4% from the prior year quarter.
Segmental Performance
The North American region's sales jumped 10.2% year over year to $624 million in the quarter. Segment's income from operations improved 43.6% to $72.1 million from $50.2 million, due to higher sales and margin improvement initiatives.
Sales in South America went up 26.4% year over year to $465.7 million in the reported quarter. Income from operations for the segment increased nearly two-fold to $48.3 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 $1,193 million, flat compared to the year-ago quarter. The EAME operating income, however, declined 26.5% to $99.7 million. The income was negatively impacted by a poor sales mix, increased engineering expenses and transition costs associated with the new Fendt tractor assembly facility.
Sales in the Asia Pacific region inflated 30.4% year over year to $120 million in the first quarter. Income from operations in the reported quarter surged nearly six-fold to $5.5 million, driven by higher sales. The hike was partly offset by increased market development costs in China.
Financial Update
As of Mar 31, 2013, cash and temporary investments amounted to $551.7 million versus $781.3 million as of Dec 31, 2012. Long-term debt was $1.87 billion as of Mar 31, 2013, compared with $1.73 billion as of Dec 31, 2012. Debt-to-capitalization ratio was 25.9% as of Mar 31, 2013, compared to 23.9% as of Dec 31, 2012. Cash flow from operating activities was $261.3 million in the reported quarter versus $280.5 million in the prior-year quarter.
Outlook
AGCO revised its full year of 2013 earnings per share range of $5.50-$5.70 from the previous range of $5.50-$5.75 based on modest declines anticipated in the Western European region. However, the company raised full year revenue band from $10.2-$10.4 billion to $10.5-$10.7 billion. The enhancement in full year outlook depends on the projected growth in South America while, North America is expected to remain stable.
AGCO also expects gross margin to improve in 2013 compared with 2012, partly offset by increased engineering expenditures. The company also expects global industry demand to remain flat in 2013 compared with 2012.
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. However, soft demand for grain storage and protein production equipment, start-up issues at the Marktoberdorf plant and increased engineering expenses to meet Tier 4 requirements will weigh on the near-term results.
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 Corp ( 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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It expects elevated agricultural commodity prices in 2013 to support healthy farm income and sustain a stable equipment demand. However, soft demand for grain storage and protein production equipment, start-up issues at the Marktoberdorf plant and increased engineering expenses to meet Tier 4 requirements will weigh on the near-term results. AGCO Corporation ( AGCO ) posted first-quarter 2013 earnings of $1.19 per share, declining 1.6% from the prior-year quarter's earnings of $1.21 per share.
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Operational Updates Revenues in the reported quarter increased 5.7% year over year to $2.4 billion and exceeded the Zacks Consensus Estimate of $2.2 billion. Other companies in the machinery and farming industry are Lindsay Corp ( 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 5.7% year over year to $2.4 billion and exceeded the Zacks Consensus Estimate of $2.2 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. AGCO Corporation ( AGCO ) posted first-quarter 2013 earnings of $1.19 per share, declining 1.6% from the prior-year quarter's earnings of $1.21 per share.
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AGCO Corporation ( AGCO ) posted first-quarter 2013 earnings of $1.19 per share, declining 1.6% from the prior-year quarter's earnings of $1.21 per share. Operational Updates Revenues in the reported quarter increased 5.7% year over year to $2.4 billion and exceeded the Zacks Consensus Estimate of $2.2 billion. The growth was mainly driven by strong market demand in South America and the Asia Pacific region.
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f3cfb0b8-923d-4270-90ee-4b2604670889
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723028.0
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2013-04-20 00:00:00 UTC
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Focus on the Big Picture
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DE
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https://www.nasdaq.com/articles/focus-big-picture-2013-04-20
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nan
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Keep things in perspective.
The charts below illustrate that last week's action simply brought the broad indices back a bit off nominal all-time highs set earlier this month. When looking at the DJIA and the NASDAQ Composite it is noteworthy that almost 100% of their 52-week performance came from movement just since the start of this year.
IBM's greater than 10% one-week drop and Apple's regression to under $400 dragged down the Tech Index by 4.36%.
The summer of 2012's market lows were set as expectations for worldwide recession were being priced into shares of industrials and materials. Buyers of those stocks last May and June ended up big winners even though the economic conditions haven't changed much since then.
Industry leaders like Deere ( DE ), Cummins ( CMI ), Caterpillar ( CAT ), and Schlumberger ( SLB ) now trade nearer low points than highs, once again. Fertilizer companies Agrium ( AGU ), Potash ( POT ) and Mosaic ( MOS ) are similarly offered near multi-year low valuations.
If you missed making money in these by passing on them last spring, you are now getting a second chance to put on positions at great prices. "Buying low to sell high" requires actually getting in when the news appears less than rosy.
It's better to buy when shares are out-of-favor. Ironically, that's when yields are best and risk is diminished.
Any stock could go lower in the short run. World-class companies that supply needed goods and services will always come back up when the cycle plays out. In an environment dominated by in-and-out trading those who take a longer-term view are more likely to outperform.
See Market Shadows' Virtual Value portfolio and its performance here ... http://marketshadows.com/virtual-portfolios/virtual-portfolio/
Read More:
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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Industry leaders like Deere ( DE ), Cummins ( CMI ), Caterpillar ( CAT ), and Schlumberger ( SLB ) now trade nearer low points than highs, once again. IBM's greater than 10% one-week drop and Apple's regression to under $400 dragged down the Tech Index by 4.36%. The summer of 2012's market lows were set as expectations for worldwide recession were being priced into shares of industrials and materials.
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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. IBM's greater than 10% one-week drop and Apple's regression to under $400 dragged down the Tech Index by 4.36%. The summer of 2012's market lows were set as expectations for worldwide recession were being priced into shares of industrials and materials.
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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. IBM's greater than 10% one-week drop and Apple's regression to under $400 dragged down the Tech Index by 4.36%. The summer of 2012's market lows were set as expectations for worldwide recession were being priced into shares of industrials and materials.
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IBM's greater than 10% one-week drop and Apple's regression to under $400 dragged down the Tech Index by 4.36%. The summer of 2012's market lows were set as expectations for worldwide recession were being priced into shares of industrials and materials. Buyers of those stocks last May and June ended up big winners even though the economic conditions haven't changed much since then.
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9c85bb92-7f0f-4f84-abc1-24c732752ebb
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723029.0
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2013-04-19 00:00:00 UTC
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Insiders Sell Big Stakes at Realogy and Calpine, While AGCO Director Buys Stock Again
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DE
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https://www.nasdaq.com/articles/insiders-sell-big-stakes-realogy-and-calpine-while-agco-director-buys-stock-again-2013-04
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nan
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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, April 18, 2013.
Purchases: Mallika Srinivasan, a Director of Atlanta-based agricultural equipment company AGCO Corporation ( AGCO ), bought 140,243 shares of company stock for $6,712,030. The American drought, from 2012 and perhaps continuing into 2013, has been a source of trouble for AGCO's competitor Deere & Co. ( DE ), as it sells most of its products domestically. AGCO derives a full 70% of its sales from Europe and South America, where normal weather is expected this year. Though down 1.59% year-to-date, AGCO's stock price is up 8% since this time last year.
Sales: Apollo Management Holdings L.P., a subsidiary of asset manager Apollo Global Management LLC ( APO ), sold 40,250,000 shares of Realogy Holdings Corp. ( RLGY ) for $1,722,297,472. Realogy, formerly known as Domus Holdings Corp, provides real estate and relocation services, with brands and business units including Better Homes and Gardens, Century 21, Coldwell Banker, and Sotheby's International Realty. Since its IPO in October 2012, the company's stock has increased 36.7% in value, though it is down 5.23% since this time last month.
LSP Cal Holdings II, LLC sold 10,000,000 shares of independent wholesale power producer Calpine Corporation ( CPN ) for $209,600,000. CPN provides power to markets in Texas, California, and the mid-Atlantic regions of the US primarily generating clean power with natural gas and geothermal steam turbines. With many companies building new factories in that region of the US -- including Samsung's (SSNLF) new $4 billion semi-conductor plant in Texas and Dow Chemical Co.'s (DOW) series of specialty production plants along the Gulf Cost -- a wholesale power producing company like Calpine may stand to benefit.
Donald Foss, the Chairman of auto loans provider Credit Acceptance Corp. (CACC), sold 750,000 shares of company stock for $75,206,248. Yesterday, the company announced the closing of a public offering of 1,500,000 shares for $105 per share, underwritten by trusts affiliated with Foss, as well as with Prescott General Partners LLC.
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights :
In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
Jonathan Moreland is also the author of " Profit From Legal Insider Trading."
Follow me on Twitter: @JoshWolonick and @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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Realogy, formerly known as Domus Holdings Corp, provides real estate and relocation services, with brands and business units including Better Homes and Gardens, Century 21, Coldwell Banker, and Sotheby's International Realty. LSP Cal Holdings II, LLC sold 10,000,000 shares of independent wholesale power producer Calpine Corporation ( CPN ) for $209,600,000. At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis.
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LSP Cal Holdings II, LLC sold 10,000,000 shares of independent wholesale power producer Calpine Corporation ( CPN ) for $209,600,000. Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes An important note from Jonathan Moreland, founder of Insider Insights : In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders." Welcome to our daily roundup of top insider trades.
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Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes An important note from Jonathan Moreland, founder of Insider Insights : In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders." Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, April 18, 2013.
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LSP Cal Holdings II, LLC sold 10,000,000 shares of independent wholesale power producer Calpine Corporation ( CPN ) for $209,600,000. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant. Welcome to our daily roundup of top insider trades.
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45276ba3-bb11-45b5-b0fc-6b9bc342df92
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723030.0
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2013-04-18 00:00:00 UTC
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Snap-On's Earnings Beat in 1Q - Analyst Blog
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DE
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https://www.nasdaq.com/articles/snap-ons-earnings-beat-in-1q-analyst-blog-2013-04-18
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nan
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nan
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Snap-on Inc ( SNA ) reported first quarter 2013 results before the market opened today with earnings per share of $1.40, 4.5% higher than the Zacks Consensus Estimate of $1.34 and 15.7% above the prior-year quarter's earnings of $1.21.
Despite continued headwinds affecting the company's business, management's focus on enhancing van network, building on repair shop owners and managers, extending to critical industries and expanding in emerging markets has paid well.
Total Revenue
Total revenue in the quarter inched up 0.9% year over year to $741.7 million. Organically, sales increased 1.5%. The company reported revenue growth in three of its four operating segments. Revenue growth in the Snap-On Tools, Repairs Systems & Information Group and Financial services was partially offset by lower revenues in the Commercial & Industrial Group.
Segment Results
Commercial & Industrial Group segment sales declined 7% year over year to $266.4 million, due to lower sales to the military and soft European hand tools business as a result of ongoing economic weakness in that region. Organic sales of the segment also declined 6.3% year over year.
Snap-on Tools Group segment sales grew 3.4% year over year to $10.7 million, driven by sales gains across both the company's U.S. and international franchise operations. Organic sales of the segment grew 3.7%.
Repair Systems & Information sales grew 8.8% to $246.1 million, attributable to higher sales to Original Equipment Manufacturer (OEM) dealerships and gains in sales of diagnostics and repair information products to repair shop owners and managers. Organic sales grew 9.3% year over year.
Financial Services reported operating earnings of $30.5 million on revenues of $44.0 million in the quarter compared with operating earnings of $23.9 million on revenues of $38.0 million a year ago.
Income and Expenses
Operating earnings for the quarter were $138.3 million compared with $121.4 million in the prior-year quarter. Operating expenses were $249.1 million compared with $250.2 million.
Balance Sheet
Cash and cash equivalents were $213.6 million at the end of the quarter with long-term debt of $868.0 million and shareholders' equity of $1.84 billion compared with $214.5 million, $970.4 million and $1.82 billion, respectively.
Outlook
Concurrent with the earnings release, Snap-On reiterated its outlook for 2013. Snap-On expects to incur capital expenditures of $70 million to $80 million in 2013. The company noted that it will continue to focus on emerging markets, expand its presence in new industries, enhance its mobile tool distribution network and expand in the vehicle repair garage.
Snap-On Incorporated is a global provider of professional tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers (OEMs), and other industrial users. Products include a broad range of professional hand and power tools; tool storage; vehicle diagnostics and service equipment; business management systems; equipment repair services; and other tool and equipment solutions.
Snap-On currently has a Zacks #3 Rank (Hold). Other players operating in the same industry such as CNH Global NV ( CNH ) and Alamo Group Inc. ( ALG ) are good options at the moment with a Zacks Rank #2 (Buy). Another company, Deere & Company ( DE ), operating in the same industry, has a Zacks Rank #4 (Sell).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
SNAP-ON INC (SNA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite continued headwinds affecting the company's business, management's focus on enhancing van network, building on repair shop owners and managers, extending to critical industries and expanding in emerging markets has paid well. Segment Results Commercial & Industrial Group segment sales declined 7% year over year to $266.4 million, due to lower sales to the military and soft European hand tools business as a result of ongoing economic weakness in that region. Snap-On Incorporated is a global provider of professional tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers (OEMs), and other industrial users.
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Repair Systems & Information sales grew 8.8% to $246.1 million, attributable to higher sales to Original Equipment Manufacturer (OEM) dealerships and gains in sales of diagnostics and repair information products to repair shop owners and managers. Products include a broad range of professional hand and power tools; tool storage; vehicle diagnostics and service equipment; business management systems; equipment repair services; and other tool and equipment solutions. ALAMO GROUP INC (ALG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report SNAP-ON INC (SNA): Free Stock Analysis Report To read this article on Zacks.com click here.
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Segment Results Commercial & Industrial Group segment sales declined 7% year over year to $266.4 million, due to lower sales to the military and soft European hand tools business as a result of ongoing economic weakness in that region. Despite continued headwinds affecting the company's business, management's focus on enhancing van network, building on repair shop owners and managers, extending to critical industries and expanding in emerging markets has paid well. Organic sales of the segment also declined 6.3% year over year.
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Repair Systems & Information sales grew 8.8% to $246.1 million, attributable to higher sales to Original Equipment Manufacturer (OEM) dealerships and gains in sales of diagnostics and repair information products to repair shop owners and managers. Despite continued headwinds affecting the company's business, management's focus on enhancing van network, building on repair shop owners and managers, extending to critical industries and expanding in emerging markets has paid well. Segment Results Commercial & Industrial Group segment sales declined 7% year over year to $266.4 million, due to lower sales to the military and soft European hand tools business as a result of ongoing economic weakness in that region.
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8904207d-1575-43cc-9b08-b8806222ed7f
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723031.0
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2013-04-17 00:00:00 UTC
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Be Wary of Deere's Potential Trend Reversal
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https://www.nasdaq.com/articles/be-wary-deeres-potential-trend-reversal-2013-04-17
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nan
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The bears swooped in on Wall Street right at Monday's opening bell as weaker-than-expected China GDP data sent a wave of worry across equity markets around the globe. Profit taking pressures also returned to the precious metals market at the start of the week, sparking a massive sell-off in gold; the yellow metal dropped upwards of $150 an ounce on Monday, sending the prices well below the $1,400 mark in just a matter of hours.
Amid the ongoing tug of war between the bulls and bears, agriculture and forestry equipment manufacturer Deere & Co. ( DE ) presents an intriguing opportunity at the moment that warrants a closer look from swing traders looking to get a piece of the action on Wall Street.
Chart Analysis
Consider Deere's one-year daily performance chart below. This agriculture stock has enjoyed a nice steady uptrend (green line) since bottoming out in early June 2012, and then moving up through its recent peak of $95.60 per share. DE's decline over the past two months appears to be a healthy correction when considering the longer-term uptrend at hand along with the stock's ability to hold its head above the 200-day moving average (yellow line) in recent weeks. Plain and simple, DE's chart looks like a "buy" at the moment as traders can establish a long position in anticipation of a rebound while still closely managing downside as this stock is trading near a major support level (yellow line).
Click to enlarge
Before jumping in long, investors should take note of the potential trend reversal that may be brewing; since peaking at $95.60 per share in late January 2013, this stock has posted a series of consecutive lower-highs (red line) and lower-lows, perhaps hinting at a potential trend reversal. As such, we advise using a tight stop-loss for anyone looking to take a long position at current levels in case our bearish suspicions prove correct.
Outlook
DE's chart pattern is sending mixed signals as the ongoing correction can be interpreted as either a healthy pullback or a sign of a trend reversal. From a technical perspective, this stock has major support around $82-$84 per share; in terms of upside, DE could face selling pressures as it nears the $88 level. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
Follow us on Twitter @CommodityHQ
Editor's note: This article by Stoyan Bojinov 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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Amid the ongoing tug of war between the bulls and bears, agriculture and forestry equipment manufacturer Deere & Co. ( DE ) presents an intriguing opportunity at the moment that warrants a closer look from swing traders looking to get a piece of the action on Wall Street. DE's decline over the past two months appears to be a healthy correction when considering the longer-term uptrend at hand along with the stock's ability to hold its head above the 200-day moving average (yellow line) in recent weeks. Plain and simple, DE's chart looks like a "buy" at the moment as traders can establish a long position in anticipation of a rebound while still closely managing downside as this stock is trading near a major support level (yellow line).
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Plain and simple, DE's chart looks like a "buy" at the moment as traders can establish a long position in anticipation of a rebound while still closely managing downside as this stock is trading near a major support level (yellow line). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Amid the ongoing tug of war between the bulls and bears, agriculture and forestry equipment manufacturer Deere & Co. ( DE ) presents an intriguing opportunity at the moment that warrants a closer look from swing traders looking to get a piece of the action on Wall Street.
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DE's decline over the past two months appears to be a healthy correction when considering the longer-term uptrend at hand along with the stock's ability to hold its head above the 200-day moving average (yellow line) in recent weeks. Plain and simple, DE's chart looks like a "buy" at the moment as traders can establish a long position in anticipation of a rebound while still closely managing downside as this stock is trading near a major support level (yellow line). Amid the ongoing tug of war between the bulls and bears, agriculture and forestry equipment manufacturer Deere & Co. ( DE ) presents an intriguing opportunity at the moment that warrants a closer look from swing traders looking to get a piece of the action on Wall Street.
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Plain and simple, DE's chart looks like a "buy" at the moment as traders can establish a long position in anticipation of a rebound while still closely managing downside as this stock is trading near a major support level (yellow line). Outlook DE's chart pattern is sending mixed signals as the ongoing correction can be interpreted as either a healthy pullback or a sign of a trend reversal. Amid the ongoing tug of war between the bulls and bears, agriculture and forestry equipment manufacturer Deere & Co. ( DE ) presents an intriguing opportunity at the moment that warrants a closer look from swing traders looking to get a piece of the action on Wall Street.
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723032.0
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2013-04-17 00:00:00 UTC
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Stock Downgrades: Deere Not Making Dough
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DE
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https://www.nasdaq.com/articles/stock-downgrades-deere-not-making-dough-2013-04-17
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nan
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Mick Jagger - no dummy about financial matters, having attended the London School of Economics - was on to something when he waxed lyrical about Ruby Tuesday . It has been the single best day of the year in stocks and proved so again, helping to turn the market around impressively after Monday's steep tumble.
W.W. Grainger (GWW), which makes nails , surged 7.17% to top the S&P 500 (^GSPC) and Coca-Cola (KO), which removes rust from nails , climbed 5.69% to top the Dow (^DJI). Deckers Outdoor (DECK) jumped 3.4%, it being one of the stocks that Scott London of KPMG allegedly insider traded. A photo of him pocketing $5,000 has gone viral, and shows a True Value store over his shoulder. The dearly departed Pat Summerall, a spokesman for the hardware store , will be watching him like a hawk.
Today in economics, the Fed releases its beige book detailing regional economic conditions in a dozen districts at 2:00 p.m. Eastern. On the earnings front, Hump Day of a peak reporting week sees announcements out of Abbott Labs (ABT), American Express (AXP), Bank of America (BAC), eBay Inc. (EBAY), and Mattel (MAT).
Adecco ( AHEXY ) HSBC Securities slashes the staffing solutions stock to Neutral from Overweight.
BASF AG ( BASFY ): The German chemical giant is now Neutral from Buy at Nomura.
Continental AG ( CTTAY ): BNP Paribas reduces its rating to Neutral from Buy.
DreamWorks Animation (DWA): Two views on the movie studio, upgraded yesterday but this morning moved to Negative from Neutral at Susquehanna.
EssexProperty Trust (ESS): Raymond James reduces its recommendation on the residential Real Estate Investment Trust to Outperform from Strong Buy.
Industrial Stocks : Macquarie gives Neutral-from-Outperform cuts to both Caterpillar ( CAT ), a key Dow (^DJI) component, and competitor Deere ( DE ).
Intercontinental Hotels Group (IHG): The accommodation outfit is taken to Equal Weight from Overweight by Barclays.
ITC Holdings (ITC): Deutsche Bank downgrades the firm to Hold from Buy.
M&T Bank (MTB): Keefe Bruyette cuts the company to Market Perform from Outperform.
Mercer International (MERC): MERC is moved to Hold from Buy at TD Securities.
Penn National Gaming (PENN): Susquehanna slashes the stock to Neutral from Positive.
Pepco Holdings (POM): Shares are now Underperform from Neutral at Credit Suisse.
W.W. Grainger (GWW): Yesterday's top S&P 500 (^GSPC) stock is today taken to Neutral from Buy at Longbow.
(See also: New Stock Coverage: Lululemon Stock Is Sheer Bliss and Stock Upgrades: Merrill Says Marissa Mayer's Yahoo Honeymoon Isn't Over .)
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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Mick Jagger - no dummy about financial matters, having attended the London School of Economics - was on to something when he waxed lyrical about Ruby Tuesday . DreamWorks Animation (DWA): Two views on the movie studio, upgraded yesterday but this morning moved to Negative from Neutral at Susquehanna. Industrial Stocks : Macquarie gives Neutral-from-Outperform cuts to both Caterpillar ( CAT ), a key Dow (^DJI) component, and competitor Deere ( DE ).
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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. Mick Jagger - no dummy about financial matters, having attended the London School of Economics - was on to something when he waxed lyrical about Ruby Tuesday . Deckers Outdoor (DECK) jumped 3.4%, it being one of the stocks that Scott London of KPMG allegedly insider traded.
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Adecco ( AHEXY ) HSBC Securities slashes the staffing solutions stock to Neutral from Overweight. (See also: New Stock Coverage: Lululemon Stock Is Sheer Bliss and Stock Upgrades: Merrill Says Marissa Mayer's Yahoo Honeymoon Isn't Over .) Mick Jagger - no dummy about financial matters, having attended the London School of Economics - was on to something when he waxed lyrical about Ruby Tuesday .
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DreamWorks Animation (DWA): Two views on the movie studio, upgraded yesterday but this morning moved to Negative from Neutral at Susquehanna. ITC Holdings (ITC): Deutsche Bank downgrades the firm to Hold from Buy. Mick Jagger - no dummy about financial matters, having attended the London School of Economics - was on to something when he waxed lyrical about Ruby Tuesday .
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2f10c64f-41e0-4018-877f-275eb512cf04
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723033.0
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2013-04-12 00:00:00 UTC
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Deere Outperforms Industry in March - Analyst Blog
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https://www.nasdaq.com/articles/deere-outperforms-industry-in-march-analyst-blog-2013-04-12
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nan
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nan
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Shares of Deere & Company ( DE ), producer of agricultural and forestry equipment and construction equipment, went up 1% following the announcement of above-industry March sales growth across the board.
To elaborate, in the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were in the double digits in March, outperforming the industry wide sales growth of 8%. 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 were also higher than the industry growth rate of 28% during the month. The industry inventory of row crop tractors were 30% 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 increased by a single digit in March, in stark contrast to a decline of 5% witnessed across the industry during the month. Deere's inventory for the four-wheel drive tractor was in line with the industry inventory at 21% of previous 12 months sales.
Combine sales recorded an impressive growth in triple digits pitted against 67% growth in the industry. However, retail sales of selected turf and utility equipment were down in the double digits. In Europe, retail sales of tractors were down double digits while combine sales went up by a single digit.
Compared with the company's performance in February, sales for utility tractor, row crop tractors and combines fared better while sales for four-wheel drive declined. In Europe, tractor sales declined given a single digit increase recorded in the previous month while combine sales fared better than the decline in low double digits last month.
Coming to the Construction and forestry segment, sales went up in the double digits, much better than single digit growth in Feb.
In the first quarter of fiscal 2013, Deere's worldwide total sales increased 10% year over year to $7.42 billion. The Agriculture & Turf segment's sales increased 16% to $5.49 billion, attributable to higher shipment volumes and improved price realization, partially offset by a negative currency translation. Construction & Forestry experienced a 7% year-over-year decline in sales to $1.3 billion, due to lower shipment volumes.
Deere expects equipment sales to grow around 4% in the second quarter of fiscal 2013 and 6% for the full year. Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 6% 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 lines of advanced new equipment. Both the non-residential and residential construction sectors are showing signs of a much awaited recovery. This, in addition to the new highway bill, will improve demand for construction equipment in the U.S. market.
On the flipside, Deere's agriculture and turf sales in Europe will continue to remain affected due to weakness in the overall economy and poor harvest in the U.K last year. In the forestry sector, further weakness in the European markets is expected to offset higher demand in the U.S.
Effective Feb through Jul 2013, an additional 27.5% import duty has been placed on all imported combines going to Russia, Kazakhstan, and Belarus, thus bringing the import duty to 32.5%. This is expected to have an adverse impact on sales of imported combines in these countries.
Furthermore, Deere expects lower manufactured volume in the second quarter compared with last year. Higher production costs associated with interim Tier 4 as well as global growth expenses will negatively impact margins in the quarter. We maintain our long-term Neutral recommendation on the stock.
Deere currently retains a Zacks Rank #2 (Buy). Other stocks in the same industry are Alamo Group, Inc. ( ALG ), Kubota Corporation ( KUB ), and Toro Co. ( TTC ) which carry a short-term Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): 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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On the flipside, Deere's agriculture and turf sales in Europe will continue to remain affected due to weakness in the overall economy and poor harvest in the U.K last year. Shares of Deere & Company ( DE ), producer of agricultural and forestry equipment and construction equipment, went up 1% following the announcement of above-industry March sales growth across the board. To elaborate, in the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were in the double digits in March, outperforming the industry wide sales growth of 8%.
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The industry inventory of row crop tractors were 30% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. In Europe, tractor sales declined given a single digit increase recorded in the previous month while combine sales fared better than the decline in low double digits last month. ALAMO GROUP INC (ALG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report To read this article on Zacks.com click here.
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To elaborate, in the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were in the double digits in March, outperforming the industry wide sales growth of 8%. The industry inventory of row crop tractors were 30% of previous 12 months sales and Deere's inventory of row crop tractors was lower than the industry inventory. In Europe, tractor sales declined given a single digit increase recorded in the previous month while combine sales fared better than the decline in low double digits last month.
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To elaborate, in the agriculture and turf segment, Deere's U.S. and Canada utility tractor sales growth were in the double digits in March, outperforming the industry wide sales growth of 8%. In Europe, tractor sales declined given a single digit increase recorded in the previous month while combine sales fared better than the decline in low double digits last month. In the forestry sector, further weakness in the European markets is expected to offset higher demand in the U.S.
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5c049062-f969-43b4-bb13-050d5183b147
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723034.0
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2013-04-10 00:00:00 UTC
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Layoffs Continue at Caterpillar - Analyst Blog
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DE
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https://www.nasdaq.com/articles/layoffs-continue-at-caterpillar-analyst-blog-2013-04-10
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nan
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nan
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Owing to reduced global demand for mining equipment and to bring production in line with demand, Caterpillar Inc. ( CAT ) announced plans to layoff more than 400 employees or about 11% of its work force at its Decatur, Ill., factory.
The Decatur plant manufactures mining equipment. Amid the growing concerns of the sluggish pace of global economic recovery, Caterpillar temporarily retrenched employees in October and shut down parts of its Decatur facility for a week in November and entire month of December due to the fall in demand. However, this time the layoffs are permanent.
This news comes on the back of another job cut by Caterpillar at its South Milwaukee plant. Earlier, in March, the company announced job cuts at its Belgium plant due to high costs and weak European economy, similar to the strategy adopted by Ford Motor Co. ( F ) and ArcelorMittal ( MT ) in the region.
Caterpillar previously added production capacity for many of its products. However, with the growing concerns and uncertainty about the pace of economic growth, short-term economic risks in the U.S, the Eurozone debt crisis, and the slowdown in China's growth, Caterpillar has now opted to be cautious toward acquisitions and expansion investments. Mining companies such as Vale S.A. ( VALE ) and BHP Billiton Limited ( BHP ) also have been revisiting and trimming their capital expenditures plans following the slowdown in economic expansion in China, the world's largest user of coal and metals. Prices for coal and iron ore have dropped due to slowing growth in China and European debt problems.
Caterpillar's results have borne the brunt of continued economic turmoil in Europe and its domino effect on the rest of the world. Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. Caterpillar remains challenged with slowing demand and inventory correction as a result of higher production than demand.
The downslide in sales continued in 2013 as well with Caterpillar's worldwide sales declining 13% for the three months ending Feb 2013, the third consecutive month of declining sales. The growth rate has, in fact, worsened from the 4% and 1% dip reported in Jan 2013 and Dec 2012, respectively.
The situation is not expected to improve in the first quarter of 2013 as Caterpillar expects sales to be significantly lower on an annual basis as dealers are anticipated to continue to lower their new machine inventories. The company foresees earnings to be affected by lower-than-expected sales and negative cost impact of continuing low production levels and declining inventory. For fiscal 2013, sales are expected to be in the range of $60 to $68 billion and earnings between $7.00 and $9.00.
Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent slowdown in sales, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns.
Caterpillar currently retains a Zacks Rank #3 (Hold). In the same industry, Deere & Company ( DE ) holds a Zacks Rank #2 (Buy) and is a more favorable option for investors given its exposure to the agriculture sector.
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
ARCELOR MITTAL (MT): 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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Amid the growing concerns of the sluggish pace of global economic recovery, Caterpillar temporarily retrenched employees in October and shut down parts of its Decatur facility for a week in November and entire month of December due to the fall in demand. Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent slowdown in sales, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. Owing to reduced global demand for mining equipment and to bring production in line with demand, Caterpillar Inc. ( CAT ) announced plans to layoff more than 400 employees or about 11% of its work force at its Decatur, Ill., factory.
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Owing to reduced global demand for mining equipment and to bring production in line with demand, Caterpillar Inc. ( CAT ) announced plans to layoff more than 400 employees or about 11% of its work force at its Decatur, Ill., factory. Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent slowdown in sales, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Owing to reduced global demand for mining equipment and to bring production in line with demand, Caterpillar Inc. ( CAT ) announced plans to layoff more than 400 employees or about 11% of its work force at its Decatur, Ill., factory. The downslide in sales continued in 2013 as well with Caterpillar's worldwide sales declining 13% for the three months ending Feb 2013, the third consecutive month of declining sales. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Owing to reduced global demand for mining equipment and to bring production in line with demand, Caterpillar Inc. ( CAT ) announced plans to layoff more than 400 employees or about 11% of its work force at its Decatur, Ill., factory. However, with the growing concerns and uncertainty about the pace of economic growth, short-term economic risks in the U.S, the Eurozone debt crisis, and the slowdown in China's growth, Caterpillar has now opted to be cautious toward acquisitions and expansion investments. Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar.
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f5bd2aa6-70b0-440e-bd47-073d090488b8
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723035.0
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2013-04-09 00:00:00 UTC
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CNH Global Offers Notes - Analyst Blog
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https://www.nasdaq.com/articles/cnh-global-offers-notes-analyst-blog-2013-04-09
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The Netherlands based agricultural and construction equipment manufacturer, CNH Global N.V. ( CNH ) announced the closure of 3.625% senior unsecured notes due 2018, issued at par. The Notes offering is made by CNH Global's wholly-owned subsidiary, CNH Capital LLC.
This issue was announced less than a week ago. The total returns from the issue of notes are around $594.2 million, after incurring expenses. CNH Global will be using the proceeds from the offering for working capital and corporate purposes, such as, purchase of receivables and other assets. The proceeds from the issue will also be used to repay CNH Capital's debts, whenever required.
The notes carry a semi-annual interest payout policy, which will be paid on Apr 15 and Oct 15 of each year, starting from Oct 15, this year. The interest is assured by two of CNH Global's subsidiaries, CNH Capital America LLC and New Holland Credit Company LLC.
Exiting the fourth quarter of 2012, CNH Global had cash and cash equivalents of $2.0 billion, whereas the total debt balance stood at $18.1 billion. In 2012, CNH incurred a capital expenditure of $556.0 million. Total interest expense in the year was $675.0 million. We expect the interest expense for CNH Global to increase with the issue of the notes.
In late February this year, board of directors of CNH Global approved the merger of the company with NewCo, a subsidiary of Italy-based Fiat Industrial S.p.A. Subject to the completion of the merger, the shareholders of CNH Global will receive 3.828 shares of NewCo against a share of the company.
CNH Global currently has a Zacks Rank #3 (Hold). Some of the other players in the equipment sector, worth a look are Valmont Industries ( VMI ), Deere & Company ( DE ) and Alamo Group Inc. ( ALG ); each carrying a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): 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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In late February this year, board of directors of CNH Global approved the merger of the company with NewCo, a subsidiary of Italy-based Fiat Industrial S.p.A. Subject to the completion of the merger, the shareholders of CNH Global will receive 3.828 shares of NewCo against a share of the company. Some of the other players in the equipment sector, worth a look are Valmont Industries ( VMI ), Deere & Company ( DE ) and Alamo Group Inc. ( ALG ); each carrying a Zacks Rank #2 (Buy). The Notes offering is made by CNH Global's wholly-owned subsidiary, CNH Capital LLC.
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The Notes offering is made by CNH Global's wholly-owned subsidiary, CNH Capital LLC. Some of the other players in the equipment sector, worth a look are Valmont Industries ( VMI ), Deere & Company ( DE ) and Alamo Group Inc. ( ALG ); each carrying a Zacks Rank #2 (Buy). ALAMO GROUP INC (ALG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report VALMONT INDS (VMI): Free Stock Analysis Report To read this article on Zacks.com click here.
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In late February this year, board of directors of CNH Global approved the merger of the company with NewCo, a subsidiary of Italy-based Fiat Industrial S.p.A. Subject to the completion of the merger, the shareholders of CNH Global will receive 3.828 shares of NewCo against a share of the company. ALAMO GROUP INC (ALG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report VALMONT INDS (VMI): Free Stock Analysis Report To read this article on Zacks.com click here. The Notes offering is made by CNH Global's wholly-owned subsidiary, CNH Capital LLC.
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Some of the other players in the equipment sector, worth a look are Valmont Industries ( VMI ), Deere & Company ( DE ) and Alamo Group Inc. ( ALG ); each carrying a Zacks Rank #2 (Buy). The Notes offering is made by CNH Global's wholly-owned subsidiary, CNH Capital LLC. The proceeds from the issue will also be used to repay CNH Capital's debts, whenever required.
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e917a3f0-5703-4425-8dce-34cd5b33f292
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723036.0
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2013-04-03 00:00:00 UTC
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Four Stocks with Compelling Chart Action
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https://www.nasdaq.com/articles/four-stocks-compelling-chart-action-2013-04-03
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nan
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nan
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For the purest of technical analysts, two things matter: price and volume. Sure, many will combine some degree of fundamental analysis into the mix but if you're of the opinion that the markets are becoming more technically driven, you know that the charts can tell a great story all by themselves.
Here are four stocks that are telling an interesting technical story right now.
Tata Motors (NYSE: TTM ) This Indian auto maker formed a floor from September through late November around $24.00. It tested that level again recently and bounced to the upside. Currently it's only about $0.60 above it with the 200 day moving average only about $0.20 above current levels.
With strong support in place, a break above the 200 DMA suggests a move to the next trend line resistance level around $26.20. The risk/reward is favorable in this name.
Deere (NYSE: DE ) Deere is painting the picture of a broken stock but $82.80 is the line in the sand. This, the 200 DMA, is the last reliable hope for a stock that is in a strong downtrend. If it can hold $82.20, that could set up bullish short term price action. If it doesn't, only weak areas of support are below. With sell volume high, a short term trade with a tight stop not far below the $82 level is the only advisable action.
General Motors (NYSE: GM ) With the stock hugging its 20 and 50 DMA, it sits right in the middle of a wedge pattern that is tightening around it. As the wedge tightens, a break out will occur. This is likely not far into the future. Which way it breaks out is difficult to forecast. Wedge patterns forming in stocks with high volatility lend themselves to an options strategy known as a straddle.
Traders buy a call and a put of the same strike and expiration. It's considered a neutral trade because the trader doesn't know which way the stock will move. In order to profit, the move has to be large but the direction doesn't matter.
Amazon (NASDAQ: AMZN ) At first glance, the stock appears to be in a trading range but closer examination finds a descending trend line forming. But the stock formed a double top in 2012 at the $260 level. It later broke out of the top and $260 has since become support. The stock tested the level recently and bounced to the upside.
Its resistance level sits at its 20 and 50 DMA at roughly $265. The stock, currently at $263.32, tested the resistance over the past few trading sessions and failed. A break out to the upside suggests a move to $270, then $275, and $283. Wait for it to break out to the upside before making a trade.
(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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Sure, many will combine some degree of fundamental analysis into the mix but if you're of the opinion that the markets are becoming more technically driven, you know that the charts can tell a great story all by themselves. Amazon (NASDAQ: AMZN ) At first glance, the stock appears to be in a trading range but closer examination finds a descending trend line forming. It tested that level again recently and bounced to the upside.
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With sell volume high, a short term trade with a tight stop not far below the $82 level is the only advisable action. Sure, many will combine some degree of fundamental analysis into the mix but if you're of the opinion that the markets are becoming more technically driven, you know that the charts can tell a great story all by themselves. It tested that level again recently and bounced to the upside.
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It's considered a neutral trade because the trader doesn't know which way the stock will move. The stock tested the level recently and bounced to the upside. Sure, many will combine some degree of fundamental analysis into the mix but if you're of the opinion that the markets are becoming more technically driven, you know that the charts can tell a great story all by themselves.
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It's considered a neutral trade because the trader doesn't know which way the stock will move. A break out to the upside suggests a move to $270, then $275, and $283. Sure, many will combine some degree of fundamental analysis into the mix but if you're of the opinion that the markets are becoming more technically driven, you know that the charts can tell a great story all by themselves.
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c7abdbd2-930c-48c0-8c72-0f76b290da6f
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723037.0
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2013-04-03 00:00:00 UTC
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AGCO Collaborates with SHI - Analyst Blog
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https://www.nasdaq.com/articles/agco-collaborates-with-shi-analyst-blog-2013-04-03
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Trading partners AGCO Corporation ( AGCO ) and SHI International Corp., in association with Ariba, have formulated a single and centralized e-commerce platform to simplify business transactions. Both the companies will be able to boost their performance and profitability with this new arrangement.
SHI, a global provider of technology products and services, will share its ideas for success at Ariba Live, which starts on May 6 and will continue for three days. This business and commerce related event will be held at the Gaylord National Resort and Conference Center in Washington, D.C.
AGCO, a leading manufacturer of agricultural equipment, has been facing problems regarding multiple ERP systems and lack of standard process in the course of its dealings. On the other hand, SHI started connecting with its customers electronically in an effort to rationalize the purchasing process for them.
Ariba, an SAP company, helped them to overcome their challenges. Utilizing the Ariba Network along with its cloud-based applications, SHI set up an efficient system for online ordering and e-invoicing to meet AGCO's needs. The technology enables AGCO to save time and resources and support it to manage contracts, supplier and invoice. Ariba Network increased spending visibility, resulting in more savings opportunities for AGCO.
Duluth, GA-based AGCO will enhance its presence in the Commonwealth of Independent States (CIS), China and Africa through investing in new products, including upgraded harvesting, high horsepower tractor and sprayer offerings.
AGCO has planned to spend in manufacturing facilities in 2013, ensuring the improvement in productivity and growth. In addition, the Marktoberdorf plant in Germany will augment both production capacity and efficiency of the company.
AGCO currently retains a short-term Zacks Rank #3 (Hold).
Alamo Group, Inc. ( ALG ), CNH Global NV ( CNH ) and Deere & Company ( DE ) also belong to the machinery and farming industry. Each of them holds 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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SHI, a global provider of technology products and services, will share its ideas for success at Ariba Live, which starts on May 6 and will continue for three days. This business and commerce related event will be held at the Gaylord National Resort and Conference Center in Washington, D.C. AGCO, a leading manufacturer of agricultural equipment, has been facing problems regarding multiple ERP systems and lack of standard process in the course of its dealings. Duluth, GA-based AGCO will enhance its presence in the Commonwealth of Independent States (CIS), China and Africa through investing in new products, including upgraded harvesting, high horsepower tractor and sprayer offerings.
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Alamo Group, Inc. ( ALG ), CNH Global NV ( CNH ) and Deere & Company ( DE ) also belong to the machinery and farming industry. 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. SHI, a global provider of technology products and services, will share its ideas for success at Ariba Live, which starts on May 6 and will continue for three days.
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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. SHI, a global provider of technology products and services, will share its ideas for success at Ariba Live, which starts on May 6 and will continue for three days. This business and commerce related event will be held at the Gaylord National Resort and Conference Center in Washington, D.C. AGCO, a leading manufacturer of agricultural equipment, has been facing problems regarding multiple ERP systems and lack of standard process in the course of its dealings.
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SHI, a global provider of technology products and services, will share its ideas for success at Ariba Live, which starts on May 6 and will continue for three days. This business and commerce related event will be held at the Gaylord National Resort and Conference Center in Washington, D.C. AGCO, a leading manufacturer of agricultural equipment, has been facing problems regarding multiple ERP systems and lack of standard process in the course of its dealings. Utilizing the Ariba Network along with its cloud-based applications, SHI set up an efficient system for online ordering and e-invoicing to meet AGCO's needs.
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723038.0
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2013-04-02 00:00:00 UTC
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Caterpillar to Cut Jobs in Milwaukee - Analyst Blog
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DE
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https://www.nasdaq.com/articles/caterpillar-to-cut-jobs-in-milwaukee-analyst-blog-2013-04-02
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nan
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nan
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Caterpillar Inc. ( CAT ) is reportedly laying off around 300 workers or 40% of its South Milwaukee production work force by June citing lower sales as the reason.
The company stated that various company locations are facing short-term temporary layoffs to bring production in line with demand. Earlier in March, the company announced job cuts at its Belgium plant due to high costs and weak European economy, similar to the strategy adopted by Ford Motor Co. ( F ) and ArcelorMittal ( MT ) in the region.
Caterpillar's results have borne the brunt of continued economic turmoil in Europe and its domino effect on the rest of the world. Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. Caterpillar remains challenged by slowing demand and inventory correction as a result of higher production than demand.
The downslide in sales continued in 2013 as well with Caterpillar's worldwide sales declining 13% for the three months ending Feb 2013, the third consecutive month of declining sales. The growth rate has, in fact, worsened from the 4% and 1% dip reported in Jan 2013 and Dec 2012, respectively.
The situation is not expected to improve in the first quarter of 2013 as Caterpillar expects sales to be significantly lower on an annual basis as dealers are anticipated to continue to lower their new machine inventories. The company foresees earnings to be affected by lower-than-expected sales and negative cost impact of continuing low production levels and declining inventory. For fiscal 2013, sales are expected to be in the range of $60 to $68 billion and earnings between $7.00 and $9.00.
Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent slowdown in sales, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. Caterpillar currently retains a short-term Zacks Rank #3 (Hold).
Caterpillar currently retains a Zacks Rank #3 (Hold). In the same industry, Deere & Company ( DE ) holds a Zacks Rank #2 (Buy) and is a more favorable option for investors given its exposure to the agriculture sector.
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
ARCELOR MITTAL (MT): 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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Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent slowdown in sales, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. The company stated that various company locations are facing short-term temporary layoffs to bring production in line with demand. Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar.
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Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. In the same industry, Deere & Company ( DE ) holds a Zacks Rank #2 (Buy) and is a more favorable option for investors given its exposure to the agriculture sector. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. The downslide in sales continued in 2013 as well with Caterpillar's worldwide sales declining 13% for the three months ending Feb 2013, the third consecutive month of declining sales. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Furthermore, reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. Caterpillar remains challenged by slowing demand and inventory correction as a result of higher production than demand. The company stated that various company locations are facing short-term temporary layoffs to bring production in line with demand.
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d5877cb2-79ca-4afa-997e-b7759d8e26b4
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723039.0
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2013-04-01 00:00:00 UTC
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Lindsay's 2Q Earnings Top Estimates - Analyst Blog
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DE
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https://www.nasdaq.com/articles/lindsays-2q-earnings-top-estimates-analyst-blog-2013-04-01
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nan
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nan
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Lindsay Corporation's ( LNN ) earnings per share increased 50% to $1.50 in the second quarter of fiscal 2013 from $1.00 a share in the year-ago quarter. Reported results were well ahead of the Zacks Consensus Estimate of $1.29 per share.
Operational Update
Total revenue improved 33% year over year to $175 million, beating the Zacks Consensus Estimate of $163 million. The year-over-year increase in revenues stemmed from a 39% improvement in total irrigation equipment revenues.
Domestic irrigation revenues rose 41% and international irrigation revenues increased 34% on increased demand resulting from higher commodity prices and farm incomes along with drought conditions in the United States. On the other hand, infrastructure revenues fell 15% during the quarter.
Cost of operating revenues increased 31% to $125 million. Gross profit improved 38% to $50.4 million with gross margin expanding 110 basis points to 28.7%. Irrigation margin improved 1%, helped by strong pricing environment combined with increased productivity and cost leverage.
Operating expenses improved 19% to $20.9 million in the quarter. Operating income in the quarter increased 55% to $29.4 million. Operating margin in the quarter was 17% compared with 14% in the prior-year quarter.
Lindsay's backlog at the end of second quarter 2013 was $159.3 million compared with $85.1 million at the end of first quarter 2013 and $87.3 million at the end of second quarter 2012.
Financial Position
Cash and cash equivalents were $159.6 million as of Feb 28, 2013 compared with $104.9 million as of Feb 29, 2012. The company generated $26.2 million in net cash from operating activity in the first half of fiscal 2013 compared with $4.9 million in the prior-year comparable period.
Total debt was $3.7 million as of Feb 28, 2013, compared to $6.4 million as of Feb 29, 2012. Debt-to-capitalization ratio improved to 1.1% as of Feb 28, 2013, from 2.2% as Feb 29, 2012.
Outlook
Lindsay expects positive farmer sentiment, high farm incomes and commodity prices to boost irrigation sales. However, expectations of record crop planting and improved yields are leading to projections of lower commodity prices, which could lead to reduced demand in 2013 and 2014. Lindsay expects long-term demand to remain high, driven by increased food production and efficient water use.
Lindsay Corporation is a leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, which are used principally for agriculture to increase or stabilize crop production while conserving water, energy, and labor. Lindsay retains a Zacks Rank #3 (Hold). Other stocks in the same industry with favorable Zacks ranks are Alamo Group, Inc. ( ALG ), Deere & Company ( DE ) and CNH Global NV ( CNH ), which carry a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): 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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Lindsay Corporation is a leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, which are used principally for agriculture to increase or stabilize crop production while conserving water, energy, and labor. Domestic irrigation revenues rose 41% and international irrigation revenues increased 34% on increased demand resulting from higher commodity prices and farm incomes along with drought conditions in the United States. Total debt was $3.7 million as of Feb 28, 2013, compared to $6.4 million as of Feb 29, 2012.
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Domestic irrigation revenues rose 41% and international irrigation revenues increased 34% on increased demand resulting from higher commodity prices and farm incomes along with drought conditions in the United States. Other stocks in the same industry with favorable Zacks ranks are Alamo Group, Inc. ( ALG ), Deere & Company ( DE ) and CNH Global NV ( CNH ), which carry a Zacks Rank #2 (Buy). ALAMO GROUP INC (ALG): 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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ALAMO GROUP INC (ALG): 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. Domestic irrigation revenues rose 41% and international irrigation revenues increased 34% on increased demand resulting from higher commodity prices and farm incomes along with drought conditions in the United States. Total debt was $3.7 million as of Feb 28, 2013, compared to $6.4 million as of Feb 29, 2012.
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Domestic irrigation revenues rose 41% and international irrigation revenues increased 34% on increased demand resulting from higher commodity prices and farm incomes along with drought conditions in the United States. Total debt was $3.7 million as of Feb 28, 2013, compared to $6.4 million as of Feb 29, 2012. Debt-to-capitalization ratio improved to 1.1% as of Feb 28, 2013, from 2.2% as Feb 29, 2012.
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7513c14c-8f81-4fd5-8a90-efe1478f0fa0
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723040.0
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2013-03-28 00:00:00 UTC
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Caterpillar's Expansion In China Lifts Its Growth Outlook And Stock
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DE
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https://www.nasdaq.com/articles/caterpillars-expansion-china-lifts-its-growth-outlook-and-stock-2013-03-28
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nan
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nan
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Quick Take
Caterpillar on Monday opened a new power train manufacturing facility and completed the expansion of a hydraulic cylinder manufacturing facility in Wuxi, China
The company had also opened two new manufacturing facilities in the country in Januar
Caterpillar's strategy of expansion in China is supported by long term growth opportunities that exist in construction, mining and power sectors of the country
Caterpillar ( CAT ) announced Monday, the opening of a new power train manufacturing facility and the completed expansion of another component manufacturing facility in Wuxi, China. We believe these expansions are in line with the long term growth opportunities in China and will help Caterpillar better serve its existing customers in the country.
The power train facility is a huge 23,000-square-meter facility which produces axles, transmissions and final drives for a range of Caterpillar earth-moving and mining machinery. The expansion at the component manufacturing facility is 17,000-square-meters where hydraulic cylinders are produced for Caterpillar machines.
We currently have a stock price estimate of $94 for the company , approximately 10% above its current market price.
See our complete analysis of Caterpillar here
Caterpillar Is Focused On Expansion In China
Caterpillar has a long term view on China and accordingly it is continuing to expand in the country. Last year, it completed the acquisition of ERA Mining, whose Chinese subsidiary, Siwei, provided it with crucial share in the underground roof support segment of China's mining equipment market. Though, a charge of $580 million realized post-acquisition, resulting from an accounting fraud at Siwei, reduced the attractiveness of the share gain. Caterpillar insists that the acquisition was line with its growth strategy in China.
In January, earlier this year, the company also opened a large wheel loader manufacturing facility and proving ground in Tongzhou, Jiangsu Province, China. In all, Caterpillar now has 24 existing manufacturing facilities, four R&D centers, three logistics and parts centers, and a few other facilities under construction in China.
Rising Urbanization And Energy Consumption In China Present Growth Opportunities For Caterpillar
This expansionary strategy of the company in China is supported by the fact that investment in infrastructure, power, mining and construction sectors of the country is likely to continue for several years to come.
Currently, 50% of China's population lives in cities, compared to an urban population of 80% in the U.K. and 82% in the U.S. The continuing migration of people from rural areas to cities will require construction of more homes, commercial buildings and related infrastructure in China over the coming years. This will promote sales of Caterpillar's construction industry products in the country.
At the same time, sales of power equipment and mining machinery will also likely continue to grow in China as energy consumption per person in the country is well below that in developed countries. China consumes around 3.5 MWh of electricity per person per year, compared to 12.5 MWh of electricity consumed per person per year in the U.S..
Understand How a Company's Products Impact its Stock Price at Trefis
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 January, earlier this year, the company also opened a large wheel loader manufacturing facility and proving ground in Tongzhou, Jiangsu Province, China. Quick Take Caterpillar on Monday opened a new power train manufacturing facility and completed the expansion of a hydraulic cylinder manufacturing facility in Wuxi, China The company had also opened two new manufacturing facilities in the country in Januar Caterpillar's strategy of expansion in China is supported by long term growth opportunities that exist in construction, mining and power sectors of the country Caterpillar ( CAT ) announced Monday, the opening of a new power train manufacturing facility and the completed expansion of another component manufacturing facility in Wuxi, China. The expansion at the component manufacturing facility is 17,000-square-meters where hydraulic cylinders are produced for Caterpillar machines.
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Quick Take Caterpillar on Monday opened a new power train manufacturing facility and completed the expansion of a hydraulic cylinder manufacturing facility in Wuxi, China The company had also opened two new manufacturing facilities in the country in Januar Caterpillar's strategy of expansion in China is supported by long term growth opportunities that exist in construction, mining and power sectors of the country Caterpillar ( CAT ) announced Monday, the opening of a new power train manufacturing facility and the completed expansion of another component manufacturing facility in Wuxi, China. The expansion at the component manufacturing facility is 17,000-square-meters where hydraulic cylinders are produced for Caterpillar machines. Last year, it completed the acquisition of ERA Mining, whose Chinese subsidiary, Siwei, provided it with crucial share in the underground roof support segment of China's mining equipment market.
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Quick Take Caterpillar on Monday opened a new power train manufacturing facility and completed the expansion of a hydraulic cylinder manufacturing facility in Wuxi, China The company had also opened two new manufacturing facilities in the country in Januar Caterpillar's strategy of expansion in China is supported by long term growth opportunities that exist in construction, mining and power sectors of the country Caterpillar ( CAT ) announced Monday, the opening of a new power train manufacturing facility and the completed expansion of another component manufacturing facility in Wuxi, China. The expansion at the component manufacturing facility is 17,000-square-meters where hydraulic cylinders are produced for Caterpillar machines. Last year, it completed the acquisition of ERA Mining, whose Chinese subsidiary, Siwei, provided it with crucial share in the underground roof support segment of China's mining equipment market.
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Quick Take Caterpillar on Monday opened a new power train manufacturing facility and completed the expansion of a hydraulic cylinder manufacturing facility in Wuxi, China The company had also opened two new manufacturing facilities in the country in Januar Caterpillar's strategy of expansion in China is supported by long term growth opportunities that exist in construction, mining and power sectors of the country Caterpillar ( CAT ) announced Monday, the opening of a new power train manufacturing facility and the completed expansion of another component manufacturing facility in Wuxi, China. At the same time, sales of power equipment and mining machinery will also likely continue to grow in China as energy consumption per person in the country is well below that in developed countries. The expansion at the component manufacturing facility is 17,000-square-meters where hydraulic cylinders are produced for Caterpillar machines.
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777db20a-0425-4208-9481-078435bc8684
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723041.0
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2013-03-25 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for March 26, 2013
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-march-26-2013-2013-03-25
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nan
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nan
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Deere & Company ( DE ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $0.51 per share is scheduled to be paid on May 01, 2013. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10.87% increase over the prior quarter.
The previous trading day's last sale of DE was $87.62, representing a -8.35% decrease from the 52 week high of $95.60 and a 26.05% increase over the 52 week low of $69.51.
DE is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Danaher Corporation ( DHR ). DE's current earnings per share, an indicator of a company's profitability, is $7.99. Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 11.81%, compared to an industry average of 9.7%.
For more information on the declaration, record and payment dates, visit the DE Dividend History page.
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 )
Select Sector SPDR Fund - Industrial ( XLI )
PowerShares Dynamic Industrials ( PRN ).
The top-performing ETF of this group is PRN with an increase of 24.96% over the last 100 days. VEGI has the highest percent weighting of DE at 8.02%.
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 Canon, Inc. ( CAJ ) and Danaher Corporation ( DHR ). Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 11.81%, compared to an industry average of 9.7%.
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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 ) Select Sector SPDR Fund - Industrial ( XLI ) 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 March 26, 2013.
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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 $87.62, representing a -8.35% decrease from the 52 week high of $95.60 and a 26.05% increase over the 52 week low of $69.51. 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 ) Select Sector SPDR Fund - Industrial ( XLI ) PowerShares Dynamic Industrials ( PRN ).
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A cash dividend payment of $0.51 per share is scheduled to be paid on May 01, 2013. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. Deere & Company ( DE ) will begin trading ex-dividend on March 26, 2013.
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dfc2a501-5652-4b8b-97bf-2038ab415682
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723042.0
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2013-03-25 00:00:00 UTC
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Danaher Corporation (DHR) Ex-Dividend Date Scheduled for March 26, 2013
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DE
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https://www.nasdaq.com/articles/danaher-corporation-dhr-ex-dividend-date-scheduled-march-26-2013-2013-03-25
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nan
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nan
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Danaher Corporation ( DHR ) will begin trading ex-dividend on March 26, 2013. A cash dividend payment of $0.025 per share is scheduled to be paid on April 26, 2013. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that DHR has paid the same dividend.
The previous trading day's last sale of DHR was $61.49, representing a -2.24% decrease from the 52 week high of $62.90 and a 25.03% increase over the 52 week low of $49.18.
DHR is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Deere & Company ( DE ). DHR's current earnings per share, an indicator of a company's profitability, is $3.36. Zacks Investment Research reports DHR's forecasted earnings growth in 2013 as 8.56%, compared to an industry average of 3.8%.
For more information on the declaration, record and payment dates, visit the DHR Dividend History page.
Interested in gaining exposure to DHR through an Exchange Traded Fund [ETF]?
The following ETF(s) have DHR as a top-10 holding:
Guggenheim S&P Global Water ( CGW )
First Trust ISE Water Index Fund ( FIW )
Select Sector SPDR Fund - Industrial ( XLI )
Vanguard Industrials ETF ( VIS )
PowerShares S&P 500 High Quality Portfolio ( SPHQ ).
The top-performing ETF of this group is FIW with an increase of 19.98% over the last 100 days. CGW has the highest percent weighting of DHR at 5%.
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 DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ). Danaher Corporation ( DHR ) will begin trading ex-dividend on March 26, 2013.
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The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Danaher Corporation ( DHR ) will begin trading ex-dividend on March 26, 2013.
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Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DHR was $61.49, representing a -2.24% decrease from the 52 week high of $62.90 and a 25.03% increase over the 52 week low of $49.18. The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ).
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A cash dividend payment of $0.025 per share is scheduled to be paid on April 26, 2013. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DHR as a top-10 holding: Guggenheim S&P Global Water ( CGW ) First Trust ISE Water Index Fund ( FIW ) Select Sector SPDR Fund - Industrial ( XLI ) Vanguard Industrials ETF ( VIS ) PowerShares S&P 500 High Quality Portfolio ( SPHQ ).
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947c926e-7974-4d77-a365-62edbe17576b
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723043.0
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2013-03-24 00:00:00 UTC
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Harvest Gains on a Quality Name while Mitigating Risk
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DE
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https://www.nasdaq.com/articles/harvest-gains-quality-name-while-mitigating-risk-2013-03-24
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nan
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nan
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Harvest Nice Gains while Offsetting Risk
Basic option selling can reward investors while also mitigating some degree of risk. This effect is magnified when writing both calls and puts with the same expiration date and on the same underlying shares.
This is true because at least one of the option buyers has to be wrong when expiration day rolls around. If the shares are above the strike price when the option expires they cannot also be below that same number. In many cases the stock in question may finish close enough to the chosen strike price that both call and put buyers end up losing money.
Selecting a good underlying stock is critical. An undervalued company is more likely to go up over time. Shares that pay dividends create income which reduces absolute risk and dampens downside.
Agricultural equipment manufacturer Deere ( DE ) provides a great vehicle for buy/write investors after pulling back from a January high of $95.60 to last week's close at $87.72. The company's long-term results have been stellar.
Deere now trades for just 10.3 times the projected EPS for the FY ending this October. DE's quarterly distribution was raised to 51 cents recently putting the current yield at an attractive 2.33%. The next ex-dividend date comes on Tuesday, March 26.
Buying shares at $87.72 while selling Jan. 18, 2014 $87.50 calls and puts makes for a healthy combination play. The best-case outcome will be obtained if the shares simply remain unchanged early next year.
Note: I'm counting four quarterly dividends if DE remains below the strike price. I assumed just three in the prior, best-case scenario, due to potential early call exercise if DE is trading well above $87.50.
A quick glance at the chart below shows that Deere has spent most of the past 15 months well into profitable territory based on the break-even point of $79.32.
The near-the-money buy/write combination allows for a greater than 21% total return while protecting against the first $8.40 per share (-9.5%) of loss if things don't go as well as expected.
Disclosure: Long DE shares
Read More:
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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Agricultural equipment manufacturer Deere ( DE ) provides a great vehicle for buy/write investors after pulling back from a January high of $95.60 to last week's close at $87.72. A quick glance at the chart below shows that Deere has spent most of the past 15 months well into profitable territory based on the break-even point of $79.32. Harvest Nice Gains while Offsetting Risk Basic option selling can reward investors while also mitigating some degree of risk.
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Note: I'm counting four quarterly dividends if DE remains below the strike price. Harvest Nice Gains while Offsetting Risk Basic option selling can reward investors while also mitigating some degree of risk. This effect is magnified when writing both calls and puts with the same expiration date and on the same underlying shares.
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This effect is magnified when writing both calls and puts with the same expiration date and on the same underlying shares. Disclosure: Long DE shares Read More: About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. Harvest Nice Gains while Offsetting Risk Basic option selling can reward investors while also mitigating some degree of risk.
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This effect is magnified when writing both calls and puts with the same expiration date and on the same underlying shares. An undervalued company is more likely to go up over time. Note: I'm counting four quarterly dividends if DE remains below the strike price.
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e4e3e1c0-c0e9-4443-9c5d-be75db5723dc
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723044.0
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2013-03-22 00:00:00 UTC
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Bear of the Day: Titan International (TWI) - Bear of the Day
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DE
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https://www.nasdaq.com/articles/bear-day-titan-international-twi-bear-day-2013-03-22
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nan
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nan
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The industrial sector has been hot this year, always a percent or two ahead of the broad market. The reasons for optimism have been sound, from a turn-around in the Chinese economy to the US housing recovery gaining steam.
But that optimism may be cooling off and we need look no further than two big name equipment manufacturers to see it unfolding: Caterpillar (CAT) and Deere (DE).
And one company in the direct line of fire of a machinery slow-down could be Titan International ( TWI ), a global manufacturer of off-highway steel wheels and tires in the agricultural, earthmoving/construction and consumer markets.
The mining industry, from metals to iron ore, has also seen earnings and outlooks take a hit recently, with names like Cliffs Natural Resources (CLF) and Joy Global (JOY) being sold as estimates soften. The gold miners are currently one of the lowest ranked industry groups in Zacks classification of 265 industries.
Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system.
They offer a broad range of different products that are manufactured in relatively short production runs to meet original equipment manufacturers' specifications and/or aftermarket customer requirements.
Earnings Picture Rolling the Wrong Way
Despite reporting record annual results on February 25, 2013, the hiccup in Titan's growth outlook had been foreseen by the analysts since early this year. And missing the fourth quarter consensus EPS estimate of 47 cents by 80% didn't help.
Here's the view from the Zacks proprietary Price & Consensus chart...
Since that earnings report, the Zacks Consensus Estimate for 2013 has dropped by 10.4% to $2.41 per share while that for 2014 plummeted 16.6% to $2.75 per share.
It's worth mentioning the record revenue picture here too. Revenue of $493.6 million represented a 22.5% improvement over the year-ago quarter. The impact was, however, negated by a 28.4% increase in cost of sales that led to a 12.0% fall in gross profit, and a big drop from the year-ago quarter's 37 cents EPS.
Where the Big Wheels Meet the Dirt
Decreasing earnings estimates together with a mixed bag of both positive and negative earnings surprise for the past year -- producing an average of miss of -9.6% -- raises skepticism over Titan International's performance in the quarters ahead.
Titan is still projected by some analysts to have mid-teens earnings and sales growth. But until the estimate picture stabilizes, it's probably best to stand aside. Watching how CAT and DE estimates shake out would be a good idea too.
Kevin Cook is a Senior Stock Strategist withZacks.com
CATERPILLAR INC (CAT): Free Stock Analysis Report
CLIFFS NATURAL (CLF): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
JOY GLOBAL INC (JOY): Free Stock Analysis Report
TITAN INTL INC (TWI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings Picture Rolling the Wrong Way Despite reporting record annual results on February 25, 2013, the hiccup in Titan's growth outlook had been foreseen by the analysts since early this year. But that optimism may be cooling off and we need look no further than two big name equipment manufacturers to see it unfolding: Caterpillar (CAT) and Deere (DE). Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system.
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Kevin Cook is a Senior Stock Strategist withZacks.com CATERPILLAR INC (CAT): Free Stock Analysis Report CLIFFS NATURAL (CLF): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here. But that optimism may be cooling off and we need look no further than two big name equipment manufacturers to see it unfolding: Caterpillar (CAT) and Deere (DE). Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system.
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Earnings Picture Rolling the Wrong Way Despite reporting record annual results on February 25, 2013, the hiccup in Titan's growth outlook had been foreseen by the analysts since early this year. Where the Big Wheels Meet the Dirt Decreasing earnings estimates together with a mixed bag of both positive and negative earnings surprise for the past year -- producing an average of miss of -9.6% -- raises skepticism over Titan International's performance in the quarters ahead. Kevin Cook is a Senior Stock Strategist withZacks.com CATERPILLAR INC (CAT): Free Stock Analysis Report CLIFFS NATURAL (CLF): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here.
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But that optimism may be cooling off and we need look no further than two big name equipment manufacturers to see it unfolding: Caterpillar (CAT) and Deere (DE). Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system. Earnings Picture Rolling the Wrong Way Despite reporting record annual results on February 25, 2013, the hiccup in Titan's growth outlook had been foreseen by the analysts since early this year.
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0b2b3dc4-cb71-41b9-b46e-969b8d3512dc
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723045.0
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2013-03-21 00:00:00 UTC
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Downslide in Cat Sales Continue - Analyst Blog
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DE
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https://www.nasdaq.com/articles/downslide-in-cat-sales-continue-analyst-blog-2013-03-21
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nan
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nan
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The year 2013 has so far been inauspicious for construction and mining equipment behemoth, Caterpillar Inc. ( CAT ) as worldwide sales declined 13% for the three months ending Feb 2013, the third consecutive month of declining sales following a disappointing fourth quarter 2012 results. This news led to Caterpillar shares sinking 2%.
The growth rate has, in fact, worsened from the 4% and 1% dip reported in Jan 2013 and Dec 2012, respectively. Caterpillar sales started its downhill journey in Dec 2012, hurt by tougher year-earlier comparisons and rising inventories of unsold equipment. Caterpillar had earlier witnessed negative sales growth in Apr 2010 and since then enjoyed a stint of positive growth, benefiting from strong equipment demand both domestically as well as in the emerging markets.
In Feb 2013, Caterpillar witnessed declines across all regions barring Latin America, which held its own with 3% growth. Sales dropped 12% annually in North America, the company's largest market in terms of geography. In Asia, a weak construction equipment market in China and falling demand for mining equipment led to a 26% decline, further exacerbating from the 7% decline in Dec 2012 and 12% in Jan 2013. Sales in EAME registered a drop of 9% and ROW (Rest of the World) sales plummeted 13%.
Investments in infrastructure construction and mining in China, Australia and other developing economies have spurred the demand for Caterpillar's machinery, thereby contributing to brisk growth in Asia/Pacific so far. However, of late, China's attempts to fight inflation have affected Caterpillar's sales in the region.
In Reciprocating & Turbine Engine Retail Statistics, sales went down 7% year over year globally, flat compared with three months ending Jan 2013 but deteriorating from the 2% dip in the Dec 2012 period. Among the end markets, sales to the transportation sector were the only bright spot with 15% growth. Other markets remained in the red with the industrial sector being the worst affected with a 25% decline followed by Electric Power and petroleum sector, both dipping 8% each.
Caterpillar's fourth quarter results were also disappointing with revenues declining 7% to $16.1 billion due to the impact of changes in dealer new machine inventories - the first quarterly revenue drop since the March 2010 quarter. Among the regions, sales growth in Latin America was the only saving grace.
The situation is not expected to improve in the first quarter of 2013 as Caterpillar expects sales to be significantly lower on an annual basis as dealers are anticipated to continue to lower their new machine inventories. The company foresees earnings to be affected by lower-than-expected sales and the negative cost impact of continuing low production levels and declining inventory. For fiscal 2013, sales are expected to be in the range of $60 to $68 billion and earnings between $7.00 and $9.00.
Caterpillar remains affected by slowing demand and inventory correction as a result of overproduction compared to demand. Caterpillar is struggling to bring production under control.
Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns.
Caterpillar recently announced job cuts at its Belgium plant due to high costs and weak European economy, similar to the strategy adopted by Ford Motor Co. ( F ) and ArcelorMittal ( MT ) in the region. Caterpillar currently retains a Zacks Rank #3 (Hold). In the same industry, Deere & Company ( DE ) holds a Zacks Rank #2 (Buy) and is a more favorable option for investors given its exposure to the agriculture sector.
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
ARCELOR MITTAL (MT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company foresees earnings to be affected by lower-than-expected sales and the negative cost impact of continuing low production levels and declining inventory. Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. The year 2013 has so far been inauspicious for construction and mining equipment behemoth, Caterpillar Inc. ( CAT ) as worldwide sales declined 13% for the three months ending Feb 2013, the third consecutive month of declining sales following a disappointing fourth quarter 2012 results.
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The year 2013 has so far been inauspicious for construction and mining equipment behemoth, Caterpillar Inc. ( CAT ) as worldwide sales declined 13% for the three months ending Feb 2013, the third consecutive month of declining sales following a disappointing fourth quarter 2012 results. Caterpillar's fourth quarter results were also disappointing with revenues declining 7% to $16.1 billion due to the impact of changes in dealer new machine inventories - the first quarterly revenue drop since the March 2010 quarter. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report To read this article on Zacks.com click here.
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The year 2013 has so far been inauspicious for construction and mining equipment behemoth, Caterpillar Inc. ( CAT ) as worldwide sales declined 13% for the three months ending Feb 2013, the third consecutive month of declining sales following a disappointing fourth quarter 2012 results. Caterpillar had earlier witnessed negative sales growth in Apr 2010 and since then enjoyed a stint of positive growth, benefiting from strong equipment demand both domestically as well as in the emerging markets. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report ARCELOR MITTAL (MT): Free Stock Analysis Report To read this article on Zacks.com click here.
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In Asia, a weak construction equipment market in China and falling demand for mining equipment led to a 26% decline, further exacerbating from the 7% decline in Dec 2012 and 12% in Jan 2013. Even though Caterpillar will benefit from the recovery in the U.S. construction sector, the recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. The year 2013 has so far been inauspicious for construction and mining equipment behemoth, Caterpillar Inc. ( CAT ) as worldwide sales declined 13% for the three months ending Feb 2013, the third consecutive month of declining sales following a disappointing fourth quarter 2012 results.
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723046.0
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2013-03-18 00:00:00 UTC
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Columbus McKinnon: A Strong Buy - Analyst Blog
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https://www.nasdaq.com/articles/columbus-mckinnon%3A-a-strong-buy-analyst-blog-2013-03-18
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Zacks Investment Research upgraded Columbus McKinnon Corporation ( CMCO ) to a Zacks Rank #1 (Strong Buy) on March 15, 2013. The stock prior to this upgrade carried a Zacks Rank #2 (Buy).
Why the Upgrade?
Following the release of its fiscal third quarter 2013 (ended December 31, 2012) financial results on January 25, 2013, the shares of Columbus McKinnon surged 18.7% while the stock reached a new 52-week high price of $20.83 on February 20, 2013.
The company's earnings per share in the quarter grew 11.4% year over year and settled at 49 cents. This rise also represented roughly a 69% increase over the Zacks Consensus Estimate of 29 cents. The surge can be attributed to a healthy revenue performance, with an improvement recorded at 7.3%, on the back of solid businesses in the emerging markets, particularly in China.
Gross profits grew 13.5% while margins at 28.6% were 160 basis points above the year-ago margins. Both cost of goods sold and operating expenses inched up marginally in the quarter. It was the fall in interest expense, a rise in its investment income and lower tax expenses that largely contributed to the net results for Columbus McKinnon.
Six straight quarters of solid earnings surprise by Columbus McKinnon with an average of 38.8% in the last four trailing quarters, raise our optimism of solid earnings results in the quarters ahead. The Zacks Consensus Estimate for fiscal 2013 is $1.51, reflecting a year-over year increase of 18.4%.
Other Stocks to Consider
Other stocks worth a look in the industry are Alamo Group, Inc. ( ALG ), CNH Global NV ( CNH ) and Deere & Company ( DE ), each holding a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
COLUMBUS MCKINN (CMCO): 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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Following the release of its fiscal third quarter 2013 (ended December 31, 2012) financial results on January 25, 2013, the shares of Columbus McKinnon surged 18.7% while the stock reached a new 52-week high price of $20.83 on February 20, 2013. The surge can be attributed to a healthy revenue performance, with an improvement recorded at 7.3%, on the back of solid businesses in the emerging markets, particularly in China. Zacks Investment Research upgraded Columbus McKinnon Corporation ( CMCO ) to a Zacks Rank #1 (Strong Buy) on March 15, 2013.
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Zacks Investment Research upgraded Columbus McKinnon Corporation ( CMCO ) to a Zacks Rank #1 (Strong Buy) on March 15, 2013. Other Stocks to Consider Other stocks worth a look in the industry are Alamo Group, Inc. ( ALG ), CNH Global NV ( CNH ) and Deere & Company ( DE ), each holding a Zacks Rank #2 (Buy). ALAMO GROUP INC (ALG): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): 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.
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Zacks Investment Research upgraded Columbus McKinnon Corporation ( CMCO ) to a Zacks Rank #1 (Strong Buy) on March 15, 2013. ALAMO GROUP INC (ALG): Free Stock Analysis Report COLUMBUS MCKINN (CMCO): 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. The stock prior to this upgrade carried a Zacks Rank #2 (Buy).
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Zacks Investment Research upgraded Columbus McKinnon Corporation ( CMCO ) to a Zacks Rank #1 (Strong Buy) on March 15, 2013. The stock prior to this upgrade carried a Zacks Rank #2 (Buy). Why the Upgrade?
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723047.0
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2013-03-18 00:00:00 UTC
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Deere Remains Neutral - Analyst Blog
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https://www.nasdaq.com/articles/deere-remains-neutral-analyst-blog-2013-03-18
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On Mar 15, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE), on the basis of expected benefits from strong farm incomes, recovery in construction sector and strength in Brazil, offset by concerns regarding weakness in Europe, additional import duty imposed in Russia, Kazakhstan and Belarus, and volume and margin headwinds in the second quarter.
Why Reiterated?
Deere reported record first quarter 2013 earnings of $650 million or $1.65 per share, up 27% year over year. Quarterly sales also increased 10% to $7.42 billion. Both were ahead of the respective Zacks Consensus Estimates.
As per the U.S. Department of Agriculture, U.S. farm income will be a record $128.2 billion in 2013, up 14%. This will be driven by high market prices and crop insurance payments that will offset losses from the drought. Prices for corn, wheat and soybeans are projected to remain historically high and above the pre-2007 levels. Relatively high commodity prices and strong farm incomes are expected to continue to sustain demand for farm machinery during the year.
Both the non-residential and residential construction sectors are showing signs of a much awaited turnaround. This, in addition to the new highway bill, will improve demand for construction equipment in the U.S. market. Deere's 2013 growth forecast of 3% for the Construction & Forestry segment may prove to be conservative in this scenario.
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 raised its agriculture and turf sales growth forecast for South America to 10% to 15% from the previous expectation of 10%. This was driven by strong market conditions and growth in government subsidies in Brazil.
On the flipside, Deere expects agriculture and turf sales for Europe to be down 5%, compared with the previous expectation of flat to down 5%, due to weakness in the overall economy and poor harvest in the U.K last year. In the forestry sector, further weakness in the European markets is expected to offset higher demand in the U.S.
Effective Feb through Jul 2013, an additional 27.5% import duty has been placed on all imported combines going to Russia, Kazakhstan, and Belarus, thus bringing the import duty to 32.5%. This is expected to have an adverse impact on sales of imported combines in these countries.
Furthermore, Deere expects lower manufactured volume in the second quarter compared with last year. Higher production costs associated with interim Tier 4 as well as global growth expenses will negatively impact margins in the quarter.
Other Stocks to Consider
Deere currently retains a Zacks Rank #2 (Buy). Other stocks in the same industry with favorable Zacks ranks are Alamo Group, Inc. ( ALG ), Briggs & Stratton Corporation ( BGG ) and CNH Global NV ( CNH ), which carry a Zacks Rank #2 (Buy).
ALAMO GROUP INC (ALG): Free Stock Analysis Report
BRIGGS & STRATT (BGG): 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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On Mar 15, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE), on the basis of expected benefits from strong farm incomes, recovery in construction sector and strength in Brazil, offset by concerns regarding weakness in Europe, additional import duty imposed in Russia, Kazakhstan and Belarus, and volume and margin headwinds in the second quarter. Deere raised its agriculture and turf sales growth forecast for South America to 10% to 15% from the previous expectation of 10%. Deere reported record first quarter 2013 earnings of $650 million or $1.65 per share, up 27% year over year.
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On Mar 15, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE), on the basis of expected benefits from strong farm incomes, recovery in construction sector and strength in Brazil, offset by concerns regarding weakness in Europe, additional import duty imposed in Russia, Kazakhstan and Belarus, and volume and margin headwinds in the second quarter. ALAMO GROUP INC (ALG): Free Stock Analysis Report BRIGGS & STRATT (BGG): 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 reported record first quarter 2013 earnings of $650 million or $1.65 per share, up 27% year over year.
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On Mar 15, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE), on the basis of expected benefits from strong farm incomes, recovery in construction sector and strength in Brazil, offset by concerns regarding weakness in Europe, additional import duty imposed in Russia, Kazakhstan and Belarus, and volume and margin headwinds in the second quarter. On the flipside, Deere expects agriculture and turf sales for Europe to be down 5%, compared with the previous expectation of flat to down 5%, due to weakness in the overall economy and poor harvest in the U.K last year. ALAMO GROUP INC (ALG): Free Stock Analysis Report BRIGGS & STRATT (BGG): 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.
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On Mar 15, we maintained our Neutral recommendation on agricultural and construction equipment producer Deere & Company ( DE), on the basis of expected benefits from strong farm incomes, recovery in construction sector and strength in Brazil, offset by concerns regarding weakness in Europe, additional import duty imposed in Russia, Kazakhstan and Belarus, and volume and margin headwinds in the second quarter. Deere is investing to increase its market share in Brazil. In the forestry sector, further weakness in the European markets is expected to offset higher demand in the U.S.
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723048.0
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2013-03-13 00:00:00 UTC
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Worthington Gets Highest Rating - Analyst Blog
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https://www.nasdaq.com/articles/worthington-gets-highest-rating-analyst-blog-2013-03-13
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Worthington Steel, a unit of Worthington Industries ( WOR ), has achieved the "Partner-Level Supplier" recognition for 2012 in the John Deere achieving excellence program. It is the highest supplier rating of Deere & Company ( DE ). Worthington Steel has been chosen for the honor for the fifth time.
Ohio-based Worthington Steel, which supplies hot-rolled and cold-rolled cut-to-length steel sheets to John Deere, continues to show its commitment in providing the best quality in terms of services and continuous improvement to customers. Worthington Steel has achieved the honor because of the exceptionally good services rendered by its dedicated employees.
Worthington Industries, which belongs to the metal processing and fabrication industry along with Kaydon Corporation ( KDN ) and Precision Castparts Corp. ( PCP ), posted second-quarter fiscal 2013 earnings of 45 cents a share, exceeding the year-ago earnings of 17 cents. Profits shot up more than two-and-a-half fold year over year in the second quarter to $31.8 million, on the back of a strong performance of the company's pressure cylinder business.
Revenue climbed 10% year over year to $622.6 million. Higher volumes aided by acquisitions boosted the top line in the quarter. However, this was partly offset by lower average selling prices due to the falling market price of steel.
Worthington Industries expects normal seasonality in its traditional markets in the third quarter and envisions continued strong performance in its cylinder operations. It will continue to explore additional opportunities for growth both organically and through new businesses.
Worthington Industries is engaged in processing steel for application in the automotive, construction, hardware, agricultural, aerospace and other industries. It makes a range of processed steel items, pressure cylinders (including oxygen and helium tanks and hand torches), metal framing products, racks, shipping pallets, airbrake tanks and consumer products. Worthington Industries operates 80 facilities throughout 12 nations.
Worthington Industries currently retains a short-term Zacks Rank #4 (Sell).
DEERE & CO (DE): Free Stock Analysis Report
KAYDON CORP (KDN): Free Stock Analysis Report
PRECISION CASTP (PCP): Free Stock Analysis Report
WORTHINGTON IND (WOR): 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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Worthington Steel has achieved the honor because of the exceptionally good services rendered by its dedicated employees. Worthington Industries expects normal seasonality in its traditional markets in the third quarter and envisions continued strong performance in its cylinder operations. Worthington Steel, a unit of Worthington Industries ( WOR ), has achieved the "Partner-Level Supplier" recognition for 2012 in the John Deere achieving excellence program.
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Profits shot up more than two-and-a-half fold year over year in the second quarter to $31.8 million, on the back of a strong performance of the company's pressure cylinder business. DEERE & CO (DE): Free Stock Analysis Report KAYDON CORP (KDN): Free Stock Analysis Report PRECISION CASTP (PCP): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report To read this article on Zacks.com click here. Worthington Steel, a unit of Worthington Industries ( WOR ), has achieved the "Partner-Level Supplier" recognition for 2012 in the John Deere achieving excellence program.
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Worthington Steel, a unit of Worthington Industries ( WOR ), has achieved the "Partner-Level Supplier" recognition for 2012 in the John Deere achieving excellence program. Ohio-based Worthington Steel, which supplies hot-rolled and cold-rolled cut-to-length steel sheets to John Deere, continues to show its commitment in providing the best quality in terms of services and continuous improvement to customers. DEERE & CO (DE): Free Stock Analysis Report KAYDON CORP (KDN): Free Stock Analysis Report PRECISION CASTP (PCP): Free Stock Analysis Report WORTHINGTON IND (WOR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Worthington Steel, a unit of Worthington Industries ( WOR ), has achieved the "Partner-Level Supplier" recognition for 2012 in the John Deere achieving excellence program. Profits shot up more than two-and-a-half fold year over year in the second quarter to $31.8 million, on the back of a strong performance of the company's pressure cylinder business. Worthington Industries expects normal seasonality in its traditional markets in the third quarter and envisions continued strong performance in its cylinder operations.
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723049.0
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2013-03-12 00:00:00 UTC
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Titan International Lowered to Strong Sell - Analyst Blog
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https://www.nasdaq.com/articles/titan-international-lowered-to-strong-sell-analyst-blog-2013-03-12
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Zacks Investment Research downgraded Titan International Inc. ( TWI ) to a Zacks Rank #5 (Strong Sell) on March 1, 2013.
Why the Downgrade?
Despite reporting its record annual results on February 25, 2013, a lackluster fourth quarter performance resulted in negative sentiments for Titan International, and hence, the earnings for the company witnessed a sharp fall. The Zacks Consensus Estimate for 2013 went down by 6.7% to $2.51 per share while that for 2014 plummeted 12.7% to $2.88 per share.
Titan International reported adjusted earnings per share of 9 cents, down compared with 37 cents reported in the year-ago quarter and 80.9% below the Zacks Consensus Estimate of 47 cents.
Revenue of $493.6 million represented a 22.5% improvement over the year-ago quarter. The impact was, however, negated by a 28.4% increase in cost of sales that led to a12.0% fall in gross profit.
Gross margin came down by 410 basis points over the year-ago quarter. Along with this, the results also suffered due to an increase in selling, general, and administrative, research and development, interest and tax expenses.
Decreasing earnings estimates together with two quarters of both positive and negative earnings surprise, with an average of -9.6%, raises skepticism over Titan International's performance in the quarters ahead. For 2013, we have an Earnings ESP (Read: Zacks Earnings ESP: A Better Method ) of -4.8%.
Other Stocks to Consider
Other stocks to watch out for in the industry are Briggs & Stratton Corporation ( BGG ), CNH Global NV ( CNH ) and Deere & Company ( DE ), each holding a Zacks Rank #2 (Buy).
BRIGGS & STRATT (BGG): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TITAN INTL INC (TWI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Along with this, the results also suffered due to an increase in selling, general, and administrative, research and development, interest and tax expenses. Other Stocks to Consider Other stocks to watch out for in the industry are Briggs & Stratton Corporation ( BGG ), CNH Global NV ( CNH ) and Deere & Company ( DE ), each holding a Zacks Rank #2 (Buy). Zacks Investment Research downgraded Titan International Inc. ( TWI ) to a Zacks Rank #5 (Strong Sell) on March 1, 2013.
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Zacks Investment Research downgraded Titan International Inc. ( TWI ) to a Zacks Rank #5 (Strong Sell) on March 1, 2013. BRIGGS & STRATT (BGG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here. Why the Downgrade?
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Decreasing earnings estimates together with two quarters of both positive and negative earnings surprise, with an average of -9.6%, raises skepticism over Titan International's performance in the quarters ahead. BRIGGS & STRATT (BGG): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research downgraded Titan International Inc. ( TWI ) to a Zacks Rank #5 (Strong Sell) on March 1, 2013.
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Zacks Investment Research downgraded Titan International Inc. ( TWI ) to a Zacks Rank #5 (Strong Sell) on March 1, 2013. Despite reporting its record annual results on February 25, 2013, a lackluster fourth quarter performance resulted in negative sentiments for Titan International, and hence, the earnings for the company witnessed a sharp fall. Why the Downgrade?
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723050.0
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2013-03-04 00:00:00 UTC
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Neutral on Manitowoc - Analyst Blog
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https://www.nasdaq.com/articles/neutral-on-manitowoc-analyst-blog-2013-03-04
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On Mar 1, we maintained our Neutral recommendation on manufacturer of cranes and foodservice equipment, Manitowoc Company, Inc. ( MTW ), given concerns regarding its high debt levels, slowdown in Crane segment's order rate and increased competition in the Chinese market. Manitowoc retains a short-term Zacks Rank #3 (Hold).
Why Reiterated?
Manitowoc reported fourth-quarter 2012 adjusted earnings of 27 cents per share, up 93% from 14 cents earned in the year ago quarter. Total sales increased 10% year over year to $1.1 billion. Both were ahead of the respective Zacks Consensus Estimates.
In 2013, foodservice revenues are expected to grow in a mid single-digit and operating margins to improve in the mid teens percentage.
In 2012, operating earnings for the Crane segment benefited from higher sales volumes, pricing actions and favorable warranty experience, partially offset by higher material costs, labor costs and additional provisions for excess and obsolete inventory.
Management remains focused on expanding crane margins through pricing, product cost takeouts, and manufacturing efficiencies. For 2013, the company expects operating margin in the high single-digit percentage range for the segment. The company expects crane revenues to grow in a high single-digit clip.
However, order growth rates in the crane segment continue to be slow. Orders in the second half of 2012 were essentially flat on a year-over-year basis.
Orders declined 19% to $544 million in the fourth quarter compared with the prior-year quarter due to the impact of macro uncertainty, destocking and pricing. Manitowoc needs to witness order growth to achieve its target of high single-digit percentage growth in the Crane segment. Given the economic uncertainty, this seems to be a challenge.
The Enodis acquisition positioned Manitowoc among the world's leading designers and manufacturers of commercial foodservice equipment and enhanced the foodservice segment's normalized growth and operating margin potential.
Post-acquisition, the company continued to optimize the product portfolio and cost structure of the segment. These initiatives, along with introduction of innovative new products, operational improvements, and Lean initiatives will lead to long-term profitability improvements.
On the flipside, owing to the Enodis acquisition, the company's debt burden increased, constraining its ability to invest in the business or return cash to shareholders. Debt-to-capitalization ratio remained high at 75% as of Dec 31, 2012. The 2012 total debt reduction of $80 million fell short of the company's full-year target of $150 million to $200 million due to the negative impact of a high volume of crane shipments occurring very late in the fourth quarter. The company expects to pay back more than $200 million in debt in 2013, which seems to be a difficult task.
Furthermore, Manitowoc faces growing competition from a number of crane manufacturers in the Chinese market including Zoomlion, Sany and Fushun Excavator. Manitowoc must increase its market share in the Chinese market to maintain its market leading position in the emerging markets of China.
Other Stocks to Consider
Other industrial equipment makers with favorable Zacks rank are H&E Equipment Services Inc. ( HEES ), Deere & Company ( DE ) and CNH Global NV ( CNH ), which retain a Zacks Rank #2 (Buy).
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
H&E EQUIP SVCS (HEES): Free Stock Analysis Report
MANITOWOC INC (MTW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the flipside, owing to the Enodis acquisition, the company's debt burden increased, constraining its ability to invest in the business or return cash to shareholders. On Mar 1, we maintained our Neutral recommendation on manufacturer of cranes and foodservice equipment, Manitowoc Company, Inc. ( MTW ), given concerns regarding its high debt levels, slowdown in Crane segment's order rate and increased competition in the Chinese market. However, order growth rates in the crane segment continue to be slow.
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The Enodis acquisition positioned Manitowoc among the world's leading designers and manufacturers of commercial foodservice equipment and enhanced the foodservice segment's normalized growth and operating margin potential. Other Stocks to Consider Other industrial equipment makers with favorable Zacks rank are H&E Equipment Services Inc. ( HEES ), Deere & Company ( DE ) and CNH Global NV ( CNH ), which retain a Zacks Rank #2 (Buy). CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report MANITOWOC INC (MTW): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Mar 1, we maintained our Neutral recommendation on manufacturer of cranes and foodservice equipment, Manitowoc Company, Inc. ( MTW ), given concerns regarding its high debt levels, slowdown in Crane segment's order rate and increased competition in the Chinese market. The 2012 total debt reduction of $80 million fell short of the company's full-year target of $150 million to $200 million due to the negative impact of a high volume of crane shipments occurring very late in the fourth quarter. CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report MANITOWOC INC (MTW): Free Stock Analysis Report To read this article on Zacks.com click here.
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Manitowoc needs to witness order growth to achieve its target of high single-digit percentage growth in the Crane segment. The Enodis acquisition positioned Manitowoc among the world's leading designers and manufacturers of commercial foodservice equipment and enhanced the foodservice segment's normalized growth and operating margin potential. On Mar 1, we maintained our Neutral recommendation on manufacturer of cranes and foodservice equipment, Manitowoc Company, Inc. ( MTW ), given concerns regarding its high debt levels, slowdown in Crane segment's order rate and increased competition in the Chinese market.
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723051.0
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2013-03-01 00:00:00 UTC
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Deere Hikes Dividend - Analyst Blog
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https://www.nasdaq.com/articles/deere-hikes-dividend-analyst-blog-2013-03-01
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Deere & Company ( DE ) has upped its quarterly dividend by 5 cents or 11% to 51 cents per share. This marks the eleventh consecutive year of the company's dividend hike. The increased dividend is payable on May 1, 2013 to shareholders of record as of Mar 28, 2012.
The dividend increase comes after exactly a year. In Feb 2012, Deere increased its quarterly dividend by 5 cents to 46 cents. Current annualized dividend yield of Deere is 1.84%. The increased dividend will increase the yield to 2.32%.
This news of dividend hike is on the heels of strong performance in the first quarter 2013. Deere reported record first quarter fiscal 2013 earnings of $650 million or $1.65 per share compared with $533 million or $1.30 per share earned in the prior-year quarter.
Deere's worldwide total sales increased 10% year over year to $7.42 billion, beating the Zacks Consensus Estimate of $6.72 billion. Deere has set a net income target of $3.3 billion for 2013. Deere expects equipment sales to grow around 4% in the second quarter of fiscal 2013 and 6% for the full year.
As of Jan 31, 2013, Deere had cash and cash equivalents of $3.67 billion, up from $3.39 billion as of Jan 31, 2012. The company is intent on providing consistent cash dividends, thereby increasing shareholders value. It expects to deliver increased dividends targeting an average payout ratio in the band of 25%-30%.
The company has invested in expanding its presence abroad, and has been building capacity in China, India and Brazil and continued to roll out new products. Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong.
Recent figures suggest that U.S. residential construction is finally stabilizing and is on the road to a much-awaited recovery. This, in turn, will improve demand for Deere's construction equipment going forward. However, continued weakness in the European markets remains a concern.
Deere retains a short-term Zacks Rank #2 (Buy). 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.
Paying dividends is a common trend among companies in the machinery industry, and Deere's peer Caterpillar Inc. ( CAT ) pays a quarterly dividend payout of 52 cents per share, Lindsay Corporation ( LNN ) pays a quarterly dividend of 11.5 cents per share, while AGCO Corporation ( AGCO ) initiated a dividend in January this year with a payout of 10 cents per share.
AGCO CORP (AGCO): Free Stock Analysis Report
CATERPILLAR INC (CAT): 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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Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Recent figures suggest that U.S. residential construction is finally stabilizing and is on the road to a much-awaited recovery. Deere & Company ( DE ) has upped its quarterly dividend by 5 cents or 11% to 51 cents per share.
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Deere reported record first quarter fiscal 2013 earnings of $650 million or $1.65 per share compared with $533 million or $1.30 per share earned in the prior-year quarter. Paying dividends is a common trend among companies in the machinery industry, and Deere's peer Caterpillar Inc. ( CAT ) pays a quarterly dividend payout of 52 cents per share, Lindsay Corporation ( LNN ) pays a quarterly dividend of 11.5 cents per share, while AGCO Corporation ( AGCO ) initiated a dividend in January this year with a payout of 10 cents per share. AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): 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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In Feb 2012, Deere increased its quarterly dividend by 5 cents to 46 cents. Paying dividends is a common trend among companies in the machinery industry, and Deere's peer Caterpillar Inc. ( CAT ) pays a quarterly dividend payout of 52 cents per share, Lindsay Corporation ( LNN ) pays a quarterly dividend of 11.5 cents per share, while AGCO Corporation ( AGCO ) initiated a dividend in January this year with a payout of 10 cents per share. AGCO CORP (AGCO): Free Stock Analysis Report CATERPILLAR INC (CAT): 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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The dividend increase comes after exactly a year. The increased dividend will increase the yield to 2.32%. Paying dividends is a common trend among companies in the machinery industry, and Deere's peer Caterpillar Inc. ( CAT ) pays a quarterly dividend payout of 52 cents per share, Lindsay Corporation ( LNN ) pays a quarterly dividend of 11.5 cents per share, while AGCO Corporation ( AGCO ) initiated a dividend in January this year with a payout of 10 cents per share.
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a50787ac-71ad-4123-97a0-319dc9925977
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723052.0
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2013-02-28 00:00:00 UTC
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This Week's Growth & Income Stocks (DE) and (CSCO) - Zacks Rank Buys
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DE
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https://www.nasdaq.com/articles/weeks-growth-income-stocks-de-and-csco-zacks-rank-buys-2013-02-28
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Growth & Income Stock Strategist, Todd Bunton, highlights Deere & Company (DE) and Cisco Systems (CSCO).
CISCO SYSTEMS (CSCO): 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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Growth & Income Stock Strategist, Todd Bunton, highlights Deere & Company (DE) and Cisco Systems (CSCO). CISCO SYSTEMS (CSCO): 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.
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CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Growth & Income Stock Strategist, Todd Bunton, highlights Deere & Company (DE) and Cisco Systems (CSCO). 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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CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Growth & Income Stock Strategist, Todd Bunton, highlights Deere & Company (DE) and Cisco Systems (CSCO). 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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Growth & Income Stock Strategist, Todd Bunton, highlights Deere & Company (DE) and Cisco Systems (CSCO). CISCO SYSTEMS (CSCO): 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.
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723053.0
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2013-02-26 00:00:00 UTC
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Caterpillar Down to Underperform - Analyst Blog
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DE
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https://www.nasdaq.com/articles/caterpillar-down-to-underperform-analyst-blog-2013-02-26
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On Feb 22, we downgraded our recommendation from Neutral to Underperform on Caterpillar Inc. ( CAT), leading manufacturer of construction and mining equipment, given the impact on its margin due to the ongoing inventory correction, recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy. Caterpillar retains a short-term Zacks Rank #3 (Hold).
Why the Downgrade?
Reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. However, the company reported record fiscal 2012 with respect to both earnings and revenues. In the fourth quarter, adjusted EPS was $1.91, down 18% from $2.32 in the prior-year quarter. Revenues declined 7% to $16.1 billion in the quarter due to the impact of changes in dealer new machine inventories.
Caterpillar remains challenged by slowing demand and inventory correction as a result of higher production than demand. The company expects sales in the first quarter of fiscal 2013 to decline more than $2 billion annually as dealers are expected to continue to resize inventory levels to match demand. Earnings will be affected by lower-than-expected sales and the negative cost impact of continuing low production levels and declining inventory. For fiscal 2013, sales are expected to be in the range of $60 to $68 billion, down 9% to up 3% from 2012 revenue. Caterpillar had previously stated that revenue would be down 5% to up 5% from 2012 actual sales. Earnings are expected to be between $7.00 and $9.00.
Caterpillar's ended the year with a backlog of $19.6 billion, a 15% sequential and a 34% annual decline. Caterpillar will need additional orders during the year to meets its guidance. Furthermore, Caterpillar's sales declined 4% worldwide in the trailing three-months ending January as sales in North America and Asia remained. This has worsened from the sales decline of 1% worldwide in Dec 2012. Caterpillar's sales growth turned negative in December for the first time in 30 months, hurt by tougher year-earlier comparisons and rising inventories of unsold equipment.
The European debt crisis has had a negative impact on Caterpillar's results. The continuation of economic uncertainty in the region will continue to be a headwind moving forward. Furthermore,
China's economic growth has cooled down from robust levels witnessed over the last decade. The economic slowdown in 2012 unfavorably impacted infrastructure and construction spending with an impact on Caterpillar's sales.
Other stocks to consider
Other construction machinery makers with a favorable Zacks rank are Astec Industries, Inc. ( ASTE ), H&E Equipment Services Inc. ( HEES ), Deere & Company ( DE ), all carrying Zacks Rank #2 (Buy).
ASTEC INDS INC (ASTE): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
H&E EQUIP SVCS (HEES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 Feb 22, we downgraded our recommendation from Neutral to Underperform on Caterpillar Inc. ( CAT), leading manufacturer of construction and mining equipment, given the impact on its margin due to the ongoing inventory correction, recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy. Earnings will be affected by lower-than-expected sales and the negative cost impact of continuing low production levels and declining inventory. Caterpillar's sales growth turned negative in December for the first time in 30 months, hurt by tougher year-earlier comparisons and rising inventories of unsold equipment.
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On Feb 22, we downgraded our recommendation from Neutral to Underperform on Caterpillar Inc. ( CAT), leading manufacturer of construction and mining equipment, given the impact on its margin due to the ongoing inventory correction, recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy. Reduced sales, lower production and a decline in inventory primarily resulted in lower fourth quarter 2012 earnings for Caterpillar. ASTEC INDS INC (ASTE): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Feb 22, we downgraded our recommendation from Neutral to Underperform on Caterpillar Inc. ( CAT), leading manufacturer of construction and mining equipment, given the impact on its margin due to the ongoing inventory correction, recent loss of sales momentum, declining backlog, negative impact of the European debt crisis and a slowing Chinese economy. The company expects sales in the first quarter of fiscal 2013 to decline more than $2 billion annually as dealers are expected to continue to resize inventory levels to match demand. ASTEC INDS INC (ASTE): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report H&E EQUIP SVCS (HEES): Free Stock Analysis Report To read this article on Zacks.com click here.
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Revenues declined 7% to $16.1 billion in the quarter due to the impact of changes in dealer new machine inventories. The company expects sales in the first quarter of fiscal 2013 to decline more than $2 billion annually as dealers are expected to continue to resize inventory levels to match demand. Earnings will be affected by lower-than-expected sales and the negative cost impact of continuing low production levels and declining inventory.
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723054.0
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2013-02-26 00:00:00 UTC
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AGCO Downgraded to Neutral - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agco-downgraded-to-neutral-analyst-blog-2013-02-26
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On Feb 22, we downgraded our recommendation on AGCO Corporation ( AGCO ) from Outperform to Neutral. The leading manufacturer and distributor of agricultural equipment and related replacement parts witnessed the downgrade on soft demand for grain storage and protein production equipment, start-up issues at the Marktoberdorf plant and increased engineering expenses to meet Tier 4 requirements that will weigh on near-term results. AGCO retains a short-term Zacks Rank #3 (Hold).
Why the Downgrade?
AGCO Corporation's revenues in the fourth quarter increased 7.4% year over year to $2.7 billion, mainly driven by higher sales in South America and the Asia-Pacific. However, fourth-quarter 2012 adjusted earnings declined 31% year over year to 99 cents per share.
AGCO expects adjusted earnings per share for 2013 to be in the range of $5.10-$5.35, based on higher crop prices and stable equipment demand. Its earnings forecast include a year-over-year increase in income tax expense of 40 cents per share. The company is targeting revenues in the band of $10.2 $10.4 billion, factoring in pricing benefits and neutral currency impact.
According to the U.S. Department of Agriculture, U.S. farm income will be a record $128.2 billion in 2013, up 14%. This will be driven by high market prices and crop insurance payments that will offset losses from the drought.
Prices for corn, wheat and soybeans are projected to remain historically high and above the pre-2007 levels. AGCO expects that elevated agricultural commodity prices in 2013 will support healthy farm income and sustain stable equipment demand.
The company remains committed to its plans of expanding in the Commonwealth of Independent States (CIS), China, and Africa given considerable growth prospects in these markets where immense areas of farmland are currently under cultivation with less efficient machinery.
Backed by a sound balance sheet and strong demand for farm equipments, AGCO is in a position to return cash to shareholders more efficiently. In Jul 2012, AGCO introduced share repurchase of up to $50 million of its common stock and in Jan 2013, its board initiated a quarterly dividend of 10 cents per share starting in Mar 2013.
On the flipside, EAME results were negatively impacted by lower production and start-up issues related to the recent expansion of capacity at its Fendt facility in Marktoberdorf, Germany. The expansion is expected to increase the annual capacity from 15,000 units to 25,000 units.
However, transitional issues are negatively impacting efficiency, hampering both shipments and profitability metrics. This is expected to be a headwind in the first quarter of 2013 as well.
AGCO is experiencing softness in demand for grain storage and protein production equipment as a result of lower crop production volumes due to the droughts in North America. Furthermore, margins will be under pressure as engineering expenditures are expected to increase as the company strives to meet Tier 4 emissions requirements.
Other Stocks to Consider
Other farm machinery makers with a favorable Zacks rank are Lindsay Corporation ( LNN ), which retain a Zacks Rank #1 (Strong Buy) and CNH Global NV ( CNH ) and Deere & Company ( DE ), which retain Zacks Rank #2 (Buy)
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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AGCO expects that elevated agricultural commodity prices in 2013 will support healthy farm income and sustain stable equipment demand. The company remains committed to its plans of expanding in the Commonwealth of Independent States (CIS), China, and Africa given considerable growth prospects in these markets where immense areas of farmland are currently under cultivation with less efficient machinery. On the flipside, EAME results were negatively impacted by lower production and start-up issues related to the recent expansion of capacity at its Fendt facility in Marktoberdorf, Germany.
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The leading manufacturer and distributor of agricultural equipment and related replacement parts witnessed the downgrade on soft demand for grain storage and protein production equipment, start-up issues at the Marktoberdorf plant and increased engineering expenses to meet Tier 4 requirements that will weigh on near-term results. AGCO is experiencing softness in demand for grain storage and protein production equipment as a result of lower crop production volumes due to the droughts in North America. Other Stocks to Consider Other farm machinery makers with a favorable Zacks rank are Lindsay Corporation ( LNN ), which retain a Zacks Rank #1 (Strong Buy) and CNH Global NV ( CNH ) and Deere & Company ( DE ), which retain Zacks Rank #2 (Buy) 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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The leading manufacturer and distributor of agricultural equipment and related replacement parts witnessed the downgrade on soft demand for grain storage and protein production equipment, start-up issues at the Marktoberdorf plant and increased engineering expenses to meet Tier 4 requirements that will weigh on near-term results. AGCO expects adjusted earnings per share for 2013 to be in the range of $5.10-$5.35, based on higher crop prices and stable equipment demand. Other Stocks to Consider Other farm machinery makers with a favorable Zacks rank are Lindsay Corporation ( LNN ), which retain a Zacks Rank #1 (Strong Buy) and CNH Global NV ( CNH ) and Deere & Company ( DE ), which retain Zacks Rank #2 (Buy) 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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The leading manufacturer and distributor of agricultural equipment and related replacement parts witnessed the downgrade on soft demand for grain storage and protein production equipment, start-up issues at the Marktoberdorf plant and increased engineering expenses to meet Tier 4 requirements that will weigh on near-term results. AGCO expects that elevated agricultural commodity prices in 2013 will support healthy farm income and sustain stable equipment demand. On the flipside, EAME results were negatively impacted by lower production and start-up issues related to the recent expansion of capacity at its Fendt facility in Marktoberdorf, Germany.
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2366d272-641d-428e-b392-858f01e9b7f6
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723055.0
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2013-02-14 00:00:00 UTC
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Stock Market News for February 14, 2013 - Market News
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https://www.nasdaq.com/articles/stock-market-news-for-february-14-2013-market-news-2013-02-14
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nan
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Benchmarks finished mixed following a small increase in retail sales and marginally upbeat earnings reports. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. Industrial stocks were the major gainer among the top 10 S&P 500 industry groups, while financials were the biggest losers.
The Dow Jones Industrial Average (DJI) decreased 0.3% to close the day at 13,982.91. The S&P 500 increased marginally, by 0.1%, to finish yesterday's trading session at 1,520.33. The tech-laden Nasdaq Composite Index gained 0.3% to end at 3,196.88. The fear-gauge CBOE Volatility Index (VIX) increased 2.7% to settle at 12.98. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 5.9 billion shares, well below the daily average of 6.45 billion shares in 2012. Advancing stocks outnumbered the decliners on the NYSE. For 57% stocks that advanced, 39% declined.
President Barack Obama delivered the State of the Union address late on Tuesday. The President's main concerns were slow economic growth and high unemployment numbers. This was his first State of the Union speech since he got elected in 2012. He also emphasized increasing the minimal wage rate prevailing across the country and increasing infrastructure spending by building roads and bridges.
The President also commented on government spending cuts. He claimed the government has gone "more than halfway" towards covering the $4 trillion deficit the government had. This has been done by increasing the tax rate on rich U.S. American citizens. President Obama said: "Over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion, mostly through spending cuts, but also by raising tax rates on the wealthiest 1 percent of Americans. As a result, we are more than halfway towards the goal of $4 trillion in deficit reduction that economists say we need to stabilize our finances."
According to the U.S. Department of Commerce, retail and food services sales for January 2013 stood at $416.6 billion. This is an increase of 0.1% from December's figure and 4.4% higher than January 2012's figure. Non-store retail sales increased 15.7 year over year while auto and motor vehicle dealer sales gained 9.4%.
A report from the U.S. Department of Labor shows imports increased 0.6% in January 2013 compared to declines of 0.7% and 0.5% in November and December respectively. The rise in imports is attributable to an increase in fuel prices. U.S. export prices increased 0.3% in January 2013 versus a decline in 0.6% and 0.1% in November and December respectively.
Shares of mining major Cliffs Natural Resources Inc (NYSE: CLF ) lost 20% after it reported a loss and reduced its dividend by 76%. Shares of the country's largest farm equipment maker Deere & Company (NYSE: DE ) lost 3.5% even after posting quarterly results that beat the Street's estimates. The company's mediocre guidance despite strong demand due to the biggest corn crop in fifty six years was largely responsible for the decline. The company guided net income in fiscal 2013 to $3.3 billion against previously estimates of $3.2 billion.
Among the top ten S&P 500 groups, industrial stocks emerged as the biggest gainer. Industrial stocks such as General Electric Company (NYSE: GE ), Union Pacific Corporation (NYSE: UNP ), United Parcel Service, Inc. (NYSE: UPS ), United Technologies Corporation (NYSE: UTX ) and Emerson Electric Co. (NYSE: EMR ) gained 3.6%, 0.5%, 0.2%, 0.1% and 0.8%, respectively.
Financial stocks were the major loser among the S&P 500 groups. Stocks such as Bank of America Corp (NYSE: BAC ), JPMorgan Chase & Co. (NYSE: JPM ), Wells Fargo & Company (NYSE: WFC ), Citigroup Inc. (NYSE: C ) and PNC Financial Services (NYSE: PNC ) lost 0.6%, 1.0%, 1.1%, 0.8% and 0.9%, respectively.
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
CLIFFS NATURAL (CLF): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
EMERSON ELEC CO (EMR): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
PNC FINL SVC CP (PNC): Free Stock Analysis Report
UNION PAC CORP (UNP): Free Stock Analysis Report
UTD PARCEL SRVC (UPS): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): 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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President Obama said: "Over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion, mostly through spending cuts, but also by raising tax rates on the wealthiest 1 percent of Americans. Shares of the country's largest farm equipment maker Deere & Company (NYSE: DE ) lost 3.5% even after posting quarterly results that beat the Street's estimates. The company's mediocre guidance despite strong demand due to the biggest corn crop in fifty six years was largely responsible for the decline.
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BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report CLIFFS NATURAL (CLF): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EMERSON ELEC CO (EMR): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report PNC FINL SVC CP (PNC): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. The Dow Jones Industrial Average (DJI) decreased 0.3% to close the day at 13,982.91.
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BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report CLIFFS NATURAL (CLF): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EMERSON ELEC CO (EMR): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report PNC FINL SVC CP (PNC): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. The Dow Jones Industrial Average (DJI) decreased 0.3% to close the day at 13,982.91.
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The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. President Obama said: "Over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion, mostly through spending cuts, but also by raising tax rates on the wealthiest 1 percent of Americans. A report from the U.S. Department of Labor shows imports increased 0.6% in January 2013 compared to declines of 0.7% and 0.5% in November and December respectively.
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723056.0
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2013-02-13 00:00:00 UTC
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Ahead of Wall Street - Feb 13, 2013 - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/ahead-wall-street-feb-13-2013-ahead-wall-street-2013-02-13
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nan
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nan
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Wednesday, February 13, 2013
A good enough January Retail Sales report and the Comcast ( CMCSA ) deal announcement should help stocks maintain the overall positive bias. But the gains will likely be modest given the dearth of stronger catalysts today, particularly given the stronger year-to-date gains.
The January Retail Sales data did not show that the payroll tax hike resulting from the Fiscal Cliff deal had any negative impact on consumer spending. The data came in in-line with expectations on the 'headline,' a tad bit better than expected excluding autos, and shade weaker relative to expectations excluding autos and gasoline.
Consumer spending was very strong at +2.2% annualized pace in the advanced fourth quarter GDP report and the concern has been that the fourth quarter momentum may not be sustainable in the current period due to the tax issue.
We didn't see that happen in today's report, though the part of the Retail Sales report that feeds into GDP calculation (excluding autos, gasoline, and building materials) came in weaker than expected. But this doesn't mean the tax hike wouldn't have any negative impact on consumer spending.
We didn't see any pronounced negative effects in January, but it is not unreasonable to expect the tax effects to show up over a number of months. On balance, this report indicates that subsequent revisions to the fourth quarter consumer spending number will most likely be modestly positive and that the favorable momentum from the fourth quarter has carried into the current period.
In corporate news, we got better than expected fourth quarter results from Deere & Co ( DE ) this morning and a major announcement from Comcast where the cable giant acquired the remaining 49% of NBC Universal from General Electric ( GE ) for $16.7 billion. The Comcast deal was not expected to take place for another year, so the earlier announcement represents a major bet on the TV business.
Sheraz Mian
Director of Research
COMCAST CORP A (CMCSA): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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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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Wednesday, February 13, 2013 A good enough January Retail Sales report and the Comcast ( CMCSA ) deal announcement should help stocks maintain the overall positive bias. The January Retail Sales data did not show that the payroll tax hike resulting from the Fiscal Cliff deal had any negative impact on consumer spending. In corporate news, we got better than expected fourth quarter results from Deere & Co ( DE ) this morning and a major announcement from Comcast where the cable giant acquired the remaining 49% of NBC Universal from General Electric ( GE ) for $16.7 billion.
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Wednesday, February 13, 2013 A good enough January Retail Sales report and the Comcast ( CMCSA ) deal announcement should help stocks maintain the overall positive bias. Sheraz Mian Director of Research COMCAST CORP A (CMCSA): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report To read this article on Zacks.com click here. But the gains will likely be modest given the dearth of stronger catalysts today, particularly given the stronger year-to-date gains.
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Sheraz Mian Director of Research COMCAST CORP A (CMCSA): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report To read this article on Zacks.com click here. Wednesday, February 13, 2013 A good enough January Retail Sales report and the Comcast ( CMCSA ) deal announcement should help stocks maintain the overall positive bias. But the gains will likely be modest given the dearth of stronger catalysts today, particularly given the stronger year-to-date gains.
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In corporate news, we got better than expected fourth quarter results from Deere & Co ( DE ) this morning and a major announcement from Comcast where the cable giant acquired the remaining 49% of NBC Universal from General Electric ( GE ) for $16.7 billion. Sheraz Mian Director of Research COMCAST CORP A (CMCSA): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report To read this article on Zacks.com click here. Wednesday, February 13, 2013 A good enough January Retail Sales report and the Comcast ( CMCSA ) deal announcement should help stocks maintain the overall positive bias.
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2013-02-13 00:00:00 UTC
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Pre-Market Most Active for Feb 13, 2013 : CMCSA, BAC, VOD, GE, LYG, GRPN, ZNGA, CLF, SAN, DTV, DE, FB
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https://www.nasdaq.com/articles/pre-market-most-active-feb-13-2013-cmcsa-bac-vod-ge-lyg-grpn-znga-clf-san-dtv-de-fb-2013
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The NASDAQ 100 Pre-Market Indicator is up 9.35 to 2,771.97. The total Pre-Market volume is currently 7,921,456 shares traded.
The following are the most active stocks for the pre-market session :
Comcast Corporation ( CMCSA ) is +3.42 at $42.39, with 2,692,083 shares traded. RTT News Reports: Comcast Q4 12 Earnings Conference Call At 8:30 AM ET
Bank of America Corporation ( BAC ) is +0.105 at $12.35, with 1,800,981 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.23. , following a 52-week high recorded in prior regular session.
Vodafone Group Plc ( VOD ) is -0.49 at $26.74, with 1,145,156 shares traded. VOD's current last sale is 83.04% of the target price of $32.2.
General Electric Company ( GE ) is +0.85 at $23.43, with 918,264 shares traded. As reported by Zacks, the current mean recommendation for GE is in the "buy range".
Lloyds Banking Group Plc ( LYG ) is -0.07 at $3.41, with 621,400 shares traded. As reported by Zacks, the current mean recommendation for LYG is in the "buy range".
Groupon, Inc. ( GRPN ) is +0.35 at $5.64, with 528,380 shares traded. GRPN's current last sale is 141% of the target price of $4.
Zynga Inc. ( ZNGA ) is +0.079 at $3.32, with 476,325 shares traded. ZNGA's current last sale is 110.67% of the target price of $3.
Cliffs Natural Resources Inc. ( CLF ) is -4.51 at $32.10, with 436,295 shares traded. CLF's current last sale is 80.25% of the target price of $40.
Banco Santander, S.A. ( SAN ) is unchanged at $8.08, with 236,471 shares traded. SAN's current last sale is 92.77% of the target price of $8.71.
DIRECTV ( DTV ) is unchanged at $52.23, with 228,271 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $1.15. DTV is scheduled to provide an earnings report on 2/14/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 1.15 per share, which represents a 102 percent increase over the EPS one Year Ago
Deere & Company ( DE ) is -1.08 at $92.89, with 206,939 shares traded. RTT News Reports: Deere Boosts 2013 Outlook As Q1 Results Top Estimates
Facebook, Inc. ( FB ) is unchanged at $27.37, with 154,154 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Comcast Corporation ( CMCSA ) is +3.42 at $42.39, with 2,692,083 shares traded. RTT News Reports: Comcast Q4 12 Earnings Conference Call At 8:30 AM ET Bank of America Corporation ( BAC ) is +0.105 at $12.35, with 1,800,981 shares traded. RTT News Reports: Deere Boosts 2013 Outlook As Q1 Results Top Estimates Facebook, Inc. ( FB ) is unchanged at $27.37, with 154,154 shares traded.
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The following are the most active stocks for the pre-market session : Comcast Corporation ( CMCSA ) is +3.42 at $42.39, with 2,692,083 shares traded. RTT News Reports: Comcast Q4 12 Earnings Conference Call At 8:30 AM ET Bank of America Corporation ( BAC ) is +0.105 at $12.35, with 1,800,981 shares traded. Lloyds Banking Group Plc ( LYG ) is -0.07 at $3.41, with 621,400 shares traded.
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RTT News Reports: Comcast Q4 12 Earnings Conference Call At 8:30 AM ET Bank of America Corporation ( BAC ) is +0.105 at $12.35, with 1,800,981 shares traded. The consensus earnings per share forecast is 1.15 per share, which represents a 102 percent increase over the EPS one Year Ago Deere & Company ( DE ) is -1.08 at $92.89, with 206,939 shares traded. RTT News Reports: Deere Boosts 2013 Outlook As Q1 Results Top Estimates Facebook, Inc. ( FB ) is unchanged at $27.37, with 154,154 shares traded.
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The following are the most active stocks for the pre-market session : Comcast Corporation ( CMCSA ) is +3.42 at $42.39, with 2,692,083 shares traded. The consensus earnings per share forecast is 1.15 per share, which represents a 102 percent increase over the EPS one Year Ago Deere & Company ( DE ) is -1.08 at $92.89, with 206,939 shares traded. The total Pre-Market volume is currently 7,921,456 shares traded.
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2013-02-13 00:00:00 UTC
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Record Earnings for Deere in 1Q - Analyst Blog
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Deere & Company ( DE ) reported record first quarter fiscal 2013 earnings of $650 million or $1.65 per share compared with $533 million or $1.30 per share earned in the prior-year quarter. Reported earnings per share were well ahead of the Zacks Consensus Estimate of $1.41 per share.
Operational Update
Deere's worldwide total sales increased 10% year over year to $7.42 billion, beating the Zacks Consensus Estimate of $6.72 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $6.79 billion, an 11% year-over-year increase including a price rise of 3% and an unfavorable currency translation effect of 1%. Region wise, equipment net sales were up 18% in the United States and Canada and 2% in rest of the world.
Cost of sales in the quarter climbed 10% to $5 billion. Operating profit improved 8% year over year to $1.27 billion in the quarter.
Segment Performance
The Agriculture & Turf segment's sales increased 16% to $5.49 billion, attributable to higher shipment volumes and improved price realization, partially offset by a negative currency translation. Operating profit of the segment improved 33% to $766 million.
The increase in operating profit was based on higher shipment and improved price realization, partially offset by increases in selling, administrative and general expenses, warranty costs, production costs and research and development expenses.
Construction & Forestry experienced a 7% year-over-year decline in sales to $1.3 billion, due to lower shipment volumes. The segment operating profit plunged 43% year over year to $71 million, driven by lower shipment, higher production costs along with higher selling, general and administrative and research and development expenses, which offset the benefit from improved price realization.
Net revenue at Deere's Financial Services operations was $527 million in the reported quarter, down 4% year over year. Net income in this segment was $133 million compared with $119 million in the year-ago quarter. The improvement stemmed from growth in the credit portfolio and higher crop insurance margins, partially offset by increased selling, administrative and general expenses
Financial Position
As of Jan 31, 2013, Deere had cash and cash equivalents of $3.67 billion, up from $3.39 billion as of Jan 31, 2012. Long-term borrowings increased to $22.2 billion as of Jan 31, 2013 from $16.9 billion as of Jan 31, 2012. The company used net cash flow for operating activities of $1.25 billion during the quarter compared with $1.23 billion in the prior-year quarter.
Looking Forward
Deere expects equipment sales to grow around 4% in the second quarter of fiscal 2013 and 6% for the full year. Net income is projected at $3.3 billion for fiscal 2013.
Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 6% in fiscal 2013. Higher commodity prices and strong farm incomes are expected boost demand for farm machinery during the year. Furthermore, Deere's sales are expected to benefit from global expansion and lines of advanced new equipment.
Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to be flat to up 5% year over year in 2013. In Europe, sales in projected to be down 5% due to continued deterioration in the overall economy. Sales in the Commonwealth of Independent States are expected to witness a slight decline.
Sales in Asia are expected to be slightly higher on the back of strengthening Chinese economy. In South America, industry sales are expected to be up 10% to 15%. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be flat year over year.
Construction and Forestry equipment are expected to improve 3% for 2013, driven by modest improvement in the U.S. economic conditions and higher international sales of construction equipment. World forestry markets are expected to remain flat year over year due to weakness in the European markets. Net income from Financial Services is estimated at around $540 million.
Our View
The company has invested in expanding its presence abroad, and has been building capacity in China, India, and Brazil and continued to roll out new products. Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong.
Recent figures suggest that U.S. residential construction is finally stabilizing and is on the road to a much-awaited recovery. This, in turn, will improve demand for Deere's construction equipment going forward. However, continued weakness in the European markets remains a concern.
Deere retains a short-term Zacks Rank #2 (Buy). 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.
Other companies in the machinery-farming industry are AGCO Corporation ( AGCO ), CNH Global NV ( CNH ) and Lindsay Corporation ( LNN ).
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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Construction & Forestry experienced a 7% year-over-year decline in sales to $1.3 billion, due to lower shipment volumes. Deere & Company ( DE ) reported record first quarter fiscal 2013 earnings of $650 million or $1.65 per share compared with $533 million or $1.30 per share earned in the prior-year quarter. Operational Update Deere's worldwide total sales increased 10% year over year to $7.42 billion, beating the Zacks Consensus Estimate of $6.72 billion.
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The increase in operating profit was based on higher shipment and improved price realization, partially offset by increases in selling, administrative and general expenses, warranty costs, production costs and research and development expenses. The segment operating profit plunged 43% year over year to $71 million, driven by lower shipment, higher production costs along with higher selling, general and administrative and research and development expenses, which offset the benefit from improved price realization. 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 Update Deere's worldwide total sales increased 10% year over year to $7.42 billion, beating the Zacks Consensus Estimate of $6.72 billion. The segment operating profit plunged 43% year over year to $71 million, driven by lower shipment, higher production costs along with higher selling, general and administrative and research and development expenses, which offset the benefit from improved price realization. Construction and Forestry equipment are expected to improve 3% for 2013, driven by modest improvement in the U.S. economic conditions and higher international sales of construction equipment.
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Operational Update Deere's worldwide total sales increased 10% year over year to $7.42 billion, beating the Zacks Consensus Estimate of $6.72 billion. The segment operating profit plunged 43% year over year to $71 million, driven by lower shipment, higher production costs along with higher selling, general and administrative and research and development expenses, which offset the benefit from improved price realization. Deere & Company ( DE ) reported record first quarter fiscal 2013 earnings of $650 million or $1.65 per share compared with $533 million or $1.30 per share earned in the prior-year quarter.
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2013-02-13 00:00:00 UTC
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Market Chatter: Deere Falls on Concern Growth May Be Limited on Grains
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https://www.nasdaq.com/articles/market-chatter-deere-falls-concern-growth-may-be-limited-grains-2013-02-13
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"Deere & Co. ( DE ), the world's largest agricultural-equipment maker, fell the most in 12 weeks on speculation that growth may be limited as corn and soybean prices decline from records," Bloomberg reported.
Deere is currently down more than 3% in New York. According to Bloomberg it has logged its biggest intraday decline since Nov. 21.
Bloomberg noted: "U.S. farm cash receipts for crops, one indicator for equipment sales, will fall 1.7% as corn and soybean prices decline, the Illinois-based company said today in a presentation on its website. Industrywide farm equipment sales in the U.S. and Canada will be unchanged to 5%higher in fiscal 2013, which ends Oct. 31, Deere said. The company got 64% of sales from that region in fiscal 2012."
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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"Deere & Co. ( DE ), the world's largest agricultural-equipment maker, fell the most in 12 weeks on speculation that growth may be limited as corn and soybean prices decline from records," Bloomberg reported. Bloomberg noted: "U.S. farm cash receipts for crops, one indicator for equipment sales, will fall 1.7% as corn and soybean prices decline, the Illinois-based company said today in a presentation on its website. Industrywide farm equipment sales in the U.S. and Canada will be unchanged to 5%higher in fiscal 2013, which ends Oct. 31, Deere said.
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Bloomberg noted: "U.S. farm cash receipts for crops, one indicator for equipment sales, will fall 1.7% as corn and soybean prices decline, the Illinois-based company said today in a presentation on its website. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. "Deere & Co. ( DE ), the world's largest agricultural-equipment maker, fell the most in 12 weeks on speculation that growth may be limited as corn and soybean prices decline from records," Bloomberg reported.
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"Deere & Co. ( DE ), the world's largest agricultural-equipment maker, fell the most in 12 weeks on speculation that growth may be limited as corn and soybean prices decline from records," Bloomberg reported. Bloomberg noted: "U.S. farm cash receipts for crops, one indicator for equipment sales, will fall 1.7% as corn and soybean prices decline, the Illinois-based company said today in a presentation on its website. Industrywide farm equipment sales in the U.S. and Canada will be unchanged to 5%higher in fiscal 2013, which ends Oct. 31, Deere said.
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According to Bloomberg it has logged its biggest intraday decline since Nov. 21. Bloomberg noted: "U.S. farm cash receipts for crops, one indicator for equipment sales, will fall 1.7% as corn and soybean prices decline, the Illinois-based company said today in a presentation on its website. Industrywide farm equipment sales in the U.S. and Canada will be unchanged to 5%higher in fiscal 2013, which ends Oct. 31, Deere said.
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2013-02-12 00:00:00 UTC
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Pre-Market Earnings Report for February 13, 2013 : CMCSA, DUK, DE, TRI, CMCSK, LO, TLM, DPS, CPN, HSIC, HSP, VMI
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https://www.nasdaq.com/articles/pre-market-earnings-report-february-13-2013-cmcsa-duk-de-tri-cmcsk-lo-tlm-dps-cpn-hsic-hsp
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The following companies are expected to report earnings prior to market open on 02/13/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Comcast Corporation ( CMCSA ) is reporting for the quarter ending December 31, 2012. The cable tv company's consensus earnings per share forecast from the 20 analysts that follow the stock is $0.53. This value represents a 12.77% increase compared to the same quarter last year. In the past year CMCSA has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CMCSA is 19.92 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Duke Energy Corporation ( DUK ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.65. This value represents a -9.72% decrease compared to the same quarter last year. In the past year DUK has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.38%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DUK is 16.23 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Deere & Company ( DE ) is reporting for the quarter ending January 31, 2013. The farm machinery company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.41. This value represents a 8.46% increase compared to the same quarter last year. The last two quarters DE had negative earnings surprises; the latest report they missed by -6.91%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DE is 11.14 vs. an industry ratio of 14.30.
Thomson Reuters Corp ( TRI ) is reporting for the quarter ending December 31, 2012. The technology services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.55. This value represents a 1.85% increase compared to the same quarter last year. TRI missed the consensus earnings per share in the 4th calendar quarter of 2011 by -1.82%. The "days to cover" for this stock exceeds 35 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TRI is 14.86 vs. an industry ratio of 27.40.
Comcast Corporation ( CMCSK ) is reporting for the quarter ending December 31, 2012. The cable tv company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.55. This value represents a 17.02% increase compared to the same quarter last year. CMCSK missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -2.13%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CMCSK is 19.10 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Lorillard, Inc ( LO ) is reporting for the quarter ending December 31, 2012. The tobacco company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.76. This value represents a 4.11% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for LO is 14.36 vs. an industry ratio of 18.50.
Talisman Energy Inc. ( TLM ) is reporting for the quarter ending December 31, 2012. The oil company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.10. This value represents a 25.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TLM is 38.53 vs. an industry ratio of 0.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Dr Pepper Snapple Group, Inc ( DPS ) is reporting for the quarter ending December 31, 2012. The beverages company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.85. This value represents a 3.66% increase compared to the same quarter last year. DPS missed the consensus earnings per share in the 1st calendar quarter of 2012 by -4.17%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DPS is 15.40 vs. an industry ratio of 27.40.
Calpine Corporation ( CPN ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.03. This value represents a -66.67% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CPN is 57.06 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Henry Schein, Inc. ( HSIC ) is reporting for the quarter ending December 31, 2012. The medical/dental supplies company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.20. This value represents a 4.35% increase compared to the same quarter last year. In the past year HSIC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.93%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HSIC is 20.47 vs. an industry ratio of -97.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Hospira Inc ( HSP ) is reporting for the quarter ending December 31, 2012. The medical products company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.54. This value represents a 5.88% increase compared to the same quarter last year. In the past year HSP has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HSP is 17.66 vs. an industry ratio of 12.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Valmont Industries, Inc. ( VMI ) is reporting for the quarter ending December 31, 2012. The steel pipe & tube company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.24. This value represents a 22.40% increase compared to the same quarter last year. In the past year VMI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.91%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for VMI is 17.42 vs. an industry ratio of 17.50.
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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Comcast Corporation ( CMCSA ) is reporting for the quarter ending December 31, 2012. Duke Energy Corporation ( DUK ) is reporting for the quarter ending December 31, 2012. This value represents a -9.72% decrease compared to the same quarter last year.
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Comcast Corporation ( CMCSA ) is reporting for the quarter ending December 31, 2012. Duke Energy Corporation ( DUK ) is reporting for the quarter ending December 31, 2012. This value represents a -9.72% decrease compared to the same quarter last year.
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Comcast Corporation ( CMCSA ) is reporting for the quarter ending December 31, 2012. Duke Energy Corporation ( DUK ) is reporting for the quarter ending December 31, 2012. This value represents a -9.72% decrease compared to the same quarter last year.
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Valmont Industries, Inc. ( VMI ) is reporting for the quarter ending December 31, 2012. Comcast Corporation ( CMCSA ) is reporting for the quarter ending December 31, 2012. Duke Energy Corporation ( DUK ) is reporting for the quarter ending December 31, 2012.
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2013-02-07 00:00:00 UTC
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AGCO Corporation Beats in 4Q - Analyst Blog
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AGCO Corporation ( AGCO ) posted fourth-quarter 2012 adjusted earnings of 99 cents per share, a 31% drop from the prior-year quarter's earnings of $1.44 per share. The results, however, beat the Zacks Consensus Estimate of 98 cents.
On a reported basis, earnings plunged 64% to $1.04 per share from the prior-year quarter's earnings of $2.90 per share. Earnings in the reported quarter include asset impairment charges of 22 cents per share and tax benefit of 27 cents per share, while the year-ago quarter's earnings include a tax benefit of $1.46 per share associated with the acquisition of GSI.
On a reported basis, earnings for full-year 2012 were $5.30 per share compared with $5.95 posted in 2011.
Operational Updates
Revenues in the reported quarter increased 7.4% year over year to $2.7 billion and exceeded the Zacks Consensus Estimate of $2.6 billion. The growth was mainly driven by an increase in sales in South America and the Asia Pacific region.
Revenues for the full year increased 13.6% to roughly $10 billion from $8.8 billion in 2011.
The North American region's sales jumped 9% year over year to $652.3 million in the quarter. Sales in South America went up 14.1% to $511.9 million. EAME (Europe, Africa, and Middle East) region sales improved 1.8% to $1,406.5 million. Sales in the Asia Pacific region inflated 49.1% to $132.7 million.
Cost of sales increased 9% to $2.17 billion in the fourth quarter from $1.99 billion in the year-ago quarter. Gross profit in the reported quarter was $527.8 million compared with $524.1 million in the prior-year quarter. Gross margin declined 130 basis points (bps) year over year to 19.5% in the quarter.
Selling, general and administrative expenses amounted to $284.5 million, a 15% year over year decline. Operating profit plummeted 36% to $118.9 million due to lower production and start-up costs. Consequently, operating margin contracted 290 bps year over year to 4.4% from the prior year quarter.
Financial Update
Cash and cash equivalents increased 7.8% year over year to $781.3 million at the end of 2012. Long-term debt was $1.28 billion as of Dec 31, 2012, a 12% year-over-year decrease. Debt-to-capitalization ratio reduced to 36% as of Dec 31, 2012, from 48% as of Dec 31, 2011.
Cash flow from operating activities was $666.4 million in the quarter versus $725.9 million in the prior-year quarter. Capital expenditure increased 13% year-over-year to $340.5 million. The company had free cash flow of $325.9 million in the reported quarter, a 23% year over year decline.
Outlook for 2013
AGCO expects adjusted earnings per share for 2013 to be in the range of $5.50-$5.75 based on higher crop prices and stable equipment demand. Its earnings forecast include a year-over-year increase in income tax expense of 40 cents per share.
The company is targeting revenues in a band of $10.2-$10.4 billion factoring in pricing benefits and neutral currency impact. It also believes that gross and operating margins will improve compared with 2012.
Our view
Investment in new products, including upgraded harvesting, high horsepower tractor and sprayer offerings will enhance AGCO's presence in the Commonwealth of Independent States (CIS), Russia, China and Africa.
For 2013, the company is planning to spend in manufacturing facilities ensuring the improvement in productivity and growth. In addition, the Marktoberdorf plant in Germany will increase both production capacity and efficiency of the company.
AGCO retains a short-term Zacks Rank #3 (Hold).
Lindsay Corp ( LNN ), Deere & Co ( DE ) and Titan International Inc ( TWI ) also belong to the machinery and farm industry. While Lindsay retains a Zacks Rank #1(Strong Buy), Deere and Titan International hold a Zacks Rank #2 (Buy).
AGCO CORP (AGCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
LINDSAY CORP (LNN): Free Stock Analysis Report
TITAN INTL INC (TWI): 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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Outlook for 2013 AGCO expects adjusted earnings per share for 2013 to be in the range of $5.50-$5.75 based on higher crop prices and stable equipment demand. Our view Investment in new products, including upgraded harvesting, high horsepower tractor and sprayer offerings will enhance AGCO's presence in the Commonwealth of Independent States (CIS), Russia, China and Africa. Lindsay Corp ( LNN ), Deere & Co ( DE ) and Titan International Inc ( TWI ) also belong to the machinery and farm industry.
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Operational Updates Revenues in the reported quarter increased 7.4% year over year to $2.7 billion and exceeded the Zacks Consensus Estimate of $2.6 billion. While Lindsay retains a Zacks Rank #1(Strong Buy), Deere and Titan International hold a Zacks Rank #2 (Buy). AGCO CORP (AGCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report TITAN INTL INC (TWI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings in the reported quarter include asset impairment charges of 22 cents per share and tax benefit of 27 cents per share, while the year-ago quarter's earnings include a tax benefit of $1.46 per share associated with the acquisition of GSI. Operational Updates Revenues in the reported quarter increased 7.4% year over year to $2.7 billion and exceeded the Zacks Consensus Estimate of $2.6 billion. AGCO CORP (AGCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LINDSAY CORP (LNN): Free Stock Analysis Report TITAN INTL INC (TWI): 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 7.4% year over year to $2.7 billion and exceeded the Zacks Consensus Estimate of $2.6 billion. Earnings in the reported quarter include asset impairment charges of 22 cents per share and tax benefit of 27 cents per share, while the year-ago quarter's earnings include a tax benefit of $1.46 per share associated with the acquisition of GSI. Gross margin declined 130 basis points (bps) year over year to 19.5% in the quarter.
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723062.0
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2013-02-05 00:00:00 UTC
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Monsanto Acquires Assets of Agradis - Analyst Blog
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https://www.nasdaq.com/articles/monsanto-acquires-assets-of-agradis-analyst-blog-2013-02-05
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Less than a week ago, Monsanto Company ( MON ), an agricultural products company, acquired a few assets of Agradis Inc.; an agricultural solutions provider, from co founders Synthetic Genomics and Plenus for an undisclosed price. In addition, Monsanto also signed a multi-year research collaboration agreement with Synthetic Genomics and also made an equity investment in the latter.
The acquisition involves the purchase of the brand name "Agradis" and a collection of the company's microbes, useful for improving crop productivity. With the purchase of Agradis' assets, Monsanto will be able to offer better products and solutions to its customers, which can result in improved crop health and productivity.
Agradis was co-founded by Synthetic Genomics Inc. (SGI) and a Mexican company, Plenus S.A. de C.V. (Plenus) in the year 2011, with a motive to provide farmers with improved agricultural solutions. The chief focus of Agradis was on developing and commercializing products to enhance crop production efficiency through the use of new advances in genomics and plant breeding. The founder companies, after the acquisition, will continue to work on the remaining assets of Agradis under a new company, AgraCast.
The multi year research collaboration with Synthetic Genomics, also included in the latest deal will involve developing some biological products for Monsanto to enable improvement in agricultural productivity.
Also, in another press release, the company announced the approval of a dividend payment of 37.5 cents per share. The shareholders on record as on Apr 5, 2013, will receive the dividend on Apr 26, 2013.
Monsanto currently holds a Zacks Rank #2 (Buy). Other stocks worth a look in the industry are Gruma S.A.B. de CV ( GMK ), holding a Zacks Rank #1 (Strong Buy) and Syngenta AG ( SYT ) as well as Deere & Company ( DE ); each holding a Zacks Rank #2 (Buy).
DEERE & CO (DE): Free Stock Analysis Report
GRUMA SA-ADR B (GMK): Free Stock Analysis Report
MONSANTO CO-NEW (MON): Free Stock Analysis Report
SYNGENTA AG-ADR (SYT): 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 addition, Monsanto also signed a multi-year research collaboration agreement with Synthetic Genomics and also made an equity investment in the latter. Also, in another press release, the company announced the approval of a dividend payment of 37.5 cents per share. Less than a week ago, Monsanto Company ( MON ), an agricultural products company, acquired a few assets of Agradis Inc.; an agricultural solutions provider, from co founders Synthetic Genomics and Plenus for an undisclosed price.
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Less than a week ago, Monsanto Company ( MON ), an agricultural products company, acquired a few assets of Agradis Inc.; an agricultural solutions provider, from co founders Synthetic Genomics and Plenus for an undisclosed price. de CV ( GMK ), holding a Zacks Rank #1 (Strong Buy) and Syngenta AG ( SYT ) as well as Deere & Company ( DE ); each holding a Zacks Rank #2 (Buy). DEERE & CO (DE): Free Stock Analysis Report GRUMA SA-ADR B (GMK): Free Stock Analysis Report MONSANTO CO-NEW (MON): Free Stock Analysis Report SYNGENTA AG-ADR (SYT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Less than a week ago, Monsanto Company ( MON ), an agricultural products company, acquired a few assets of Agradis Inc.; an agricultural solutions provider, from co founders Synthetic Genomics and Plenus for an undisclosed price. de CV ( GMK ), holding a Zacks Rank #1 (Strong Buy) and Syngenta AG ( SYT ) as well as Deere & Company ( DE ); each holding a Zacks Rank #2 (Buy). DEERE & CO (DE): Free Stock Analysis Report GRUMA SA-ADR B (GMK): Free Stock Analysis Report MONSANTO CO-NEW (MON): Free Stock Analysis Report SYNGENTA AG-ADR (SYT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Less than a week ago, Monsanto Company ( MON ), an agricultural products company, acquired a few assets of Agradis Inc.; an agricultural solutions provider, from co founders Synthetic Genomics and Plenus for an undisclosed price. The multi year research collaboration with Synthetic Genomics, also included in the latest deal will involve developing some biological products for Monsanto to enable improvement in agricultural productivity. de CV ( GMK ), holding a Zacks Rank #1 (Strong Buy) and Syngenta AG ( SYT ) as well as Deere & Company ( DE ); each holding a Zacks Rank #2 (Buy).
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723063.0
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2013-02-04 00:00:00 UTC
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CNH Global Beats Estimates - Analyst Blog
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https://www.nasdaq.com/articles/cnh-global-beats-estimates-analyst-blog-2013-02-04
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CNH Global NV ( CNH ) reported a net income (excluding restructuring and exceptional items) of $230 million or 92 cents in fourth quarter of 2012 compared with $189 million or 79 cents in the year-ago quarter. The quarterly results outpaced the Zacks Consensus Estimate of 71 cents.
For full year 2012, net income stood at $1,179 million or $4.83 per share versus $918 million or $3.82 per share in the year-ago quarter.
The rise in net income was led by the company's impressive performance in the agricultural and industrial businesses, neutralizing the negative effects of currency translation and high research and development expenses during the quarter.
Revenues
Net sales in fourth quarter 2012 totaled $4,929 million versus $4,768 million in the year-ago quarter. The reported revenues beat the Zacks Consensus Estimate of $4,535 million. For full year 2012, net sales increased 8% year over year to $19.4 billion. The rise in sales was driven by robust demand for agricultural equipments, which offset the negative effects of the struggling construction equipment segment and foreign currency translation.
Segment-wise, Agricultural Equipment sales amounted to $4.0 billion in the fourth quarter versus $3.7 billion in the year-ago quarter. The increased sales were on the back of the company's impressive pricing structure, positive product mix and higher volume.
CNH worldwide production of agricultural equipment trailed the fourth quarter sales, resulting in strong cash flow as the Group implemented scheduled slowdown in production to reduce dealer inventory to year-end desired levels.
Construction Equipment sales came in at $915 million versus $1,073 million in the year-ago quarter. The reduction in sales was due to demand slowdown in geographic regions other than North America and Europe.
CNH's worldwide production of construction equipment was 21% below the quarterly retail sales as the Group continued to balance inventory levels and was in line with the expected demand levels in 2013.
Financial Services net income stood at $79 million in fourth quarter versus $66 million in the year-ago quarter.
Agriculture Equipment's gross margin in the fourth quarter was 20.0% versus 18.5% in the year-ago quarter. Gross margin for the Construction Equipment segment decreased to 11.1% from 12.3% in the year-ago quarter
Balance Sheet and Cash Flows
As of Dec, 2012, cash and cash equivalents came in at $2,008 million versus $2,055 million in the year-ago quarter. Long-term debt was $14.3 billion at year-end 2012 versus $13.0 billion in the year-ago period.
As of Dec 2012, net cash provided by operating activities was $1,185 million versus $994 million generated a year ago
Dividend
CNH paid a special dividend of $10 per share on Dec 28, 2012 in connection to the combination transaction between CNH Global N.V. and Fiat Industrial S.p.A.
Outlook
Management provided inital guidance for full year 2013. Industry's Agricultural and Construction Equipment unit volumes are expected to be flat to up 5% while the company's revenues are expected to grow more than 5% with operating margins in the range of 8.5 % - 9.0% in 2013.
CNH Global operates in an intensely competitive landscape that includes big players like Lindsay Corporation ( LNN ) and Deere & Company ( DE ).
CNH Global currently has a Zacks Rank #3 (Hold). One of its competitors, Valmont Industries ( VMI ) carries a Zacks Rank #2 (Buy).
CNH GLOBAL NV (CNH): 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 rise in net income was led by the company's impressive performance in the agricultural and industrial businesses, neutralizing the negative effects of currency translation and high research and development expenses during the quarter. As of Dec 2012, net cash provided by operating activities was $1,185 million versus $994 million generated a year ago Dividend CNH paid a special dividend of $10 per share on Dec 28, 2012 in connection to the combination transaction between CNH Global N.V. and Fiat Industrial S.p.A. Outlook Management provided inital guidance for full year 2013. CNH Global operates in an intensely competitive landscape that includes big players like Lindsay Corporation ( LNN ) and Deere & Company ( DE ).
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CNH worldwide production of agricultural equipment trailed the fourth quarter sales, resulting in strong cash flow as the Group implemented scheduled slowdown in production to reduce dealer inventory to year-end desired levels. CNH GLOBAL NV (CNH): 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. The rise in net income was led by the company's impressive performance in the agricultural and industrial businesses, neutralizing the negative effects of currency translation and high research and development expenses during the quarter.
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Gross margin for the Construction Equipment segment decreased to 11.1% from 12.3% in the year-ago quarter Balance Sheet and Cash Flows As of Dec, 2012, cash and cash equivalents came in at $2,008 million versus $2,055 million in the year-ago quarter. The rise in net income was led by the company's impressive performance in the agricultural and industrial businesses, neutralizing the negative effects of currency translation and high research and development expenses during the quarter. The rise in sales was driven by robust demand for agricultural equipments, which offset the negative effects of the struggling construction equipment segment and foreign currency translation.
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The rise in net income was led by the company's impressive performance in the agricultural and industrial businesses, neutralizing the negative effects of currency translation and high research and development expenses during the quarter. The rise in sales was driven by robust demand for agricultural equipments, which offset the negative effects of the struggling construction equipment segment and foreign currency translation. CNH worldwide production of agricultural equipment trailed the fourth quarter sales, resulting in strong cash flow as the Group implemented scheduled slowdown in production to reduce dealer inventory to year-end desired levels.
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95aefb65-8c83-4faa-b625-50777079f0b4
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723064.0
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2013-01-28 00:00:00 UTC
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Guru Stocks at 52-Week Highs: CMCSA, DE, CPB, and BAX
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https://www.nasdaq.com/articles/guru-stocks-52-week-highs-cmcsa-de-cpb-and-bax-2013-01-28
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According to GuruFocus list of 52-week highs , these Guru stocks are trading at or near its highest price of the last 52 week.
Comcast Corp. ( CMCSA ) Reached the 52-Week High of $39.76
The price of Comcast Corp. ( CMCSA ) shares has reached $39.76, which is 1.3% off the 52-week high of $40.28.
Comcast Corp. was incorporated under the laws of Pennsylvania in December 2001. Comcast Corp. has a market cap of $106.05 billion; its shares were traded at around $39.76 with a P/E ratio of 18.3 and P/S ratio of 1.8. The dividend yield of Comcast Corp. stocks is 1.6%. Comcast Corp. had an annual average earnings growth of 24.1% over the past 10 years. GuruFocus rated Comcast Corp. the business predictability rank of 3 stars .
Executive Vice President David L. Cohen sold 2,677 shares of CMCSA stock on 11/16/2012 at the average price of $35.29. Cohen owns at least 408,320 shares after this. The price of the stock has increased by 12.67% since.
Deere & Co. ( DE ) Reached the 52-Week High of $93.47
The price of Deere & Co. ( DE ) shares has reached $93.47, which is 0.2% off the 52-week high of $93.7.
Deere & Co. was incorporated under the laws of Delaware in 1958. Deere & Co has a market cap of $36.35 billion; its shares were traded at around $93.47 with a P/E ratio of 12.3 and P/S ratio of 1. The dividend yield of Deere & Co. stocks is 2%. 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 stars .
On Nov. 21, 2012, Deere & Co. reported fourth quarter warnings. Net income attributable to Deere & Co. was $687.6 million, or $1.75 per share, for the fourth quarter ended Oct. 31, compared with $669.6 million, or $1.62 per share, for the same period last year. For fiscal 2012, net income attributable to Deere & Co. was $3.065 billion, or $7.63 per share, compared with $2.8 billion, or $6.63 per share, in 2011.
Senior Vice President James R. Jenkins sold 7,000 shares of DE stock on 1/02/2013 at the average price of $87.95. Jenkins owns at least 69,226 shares after this. The price of the stock has increased by 6.28% since.
Campbell Soup Co. ( CPB ) Reached the 52-Week High of $36.53
The price of Campbell Soup Co ( CPB ) shares has reached $36.53, which is 1.7% off the 52-week high of $37.16.
Campbell Soup was incorporated as a business corp. under the laws of New Jersey on Nov. 23, 1922. Campbell Soup Co. has a market cap of $11.51 billion; its shares were traded at around $36.53 with a P/E ratio of 15.4 and P/S ratio of 1.5. The dividend yield of Campbell Soup Co. stocks is 3.2%. Campbell Soup had an annual average earnings growth of 4.5% over the past 10 years. GuruFocus rated Campbell Soup Co. the business predictability rank of 4.5 stars.
On Nov. 20, 2012 Campbell Soup reported its results for the first quarter of fiscal 2013. Net earnings for the quarter ended Oct. 28, 2012, were $245 million, or $0.78 pershare, compared with $265 million, or $0.82 per share, in the prior year.
Director Charles R Perrin sold 5,441 shares of CPB stock on 9/07/2012 at the average price of $34.92. Charles R. Perrin owns at least 13,166 shares after this. The price of the stock has increased by 4.61% since.
Baxter International Inc. ( BAX ) Reached the 52-Week High of $68
The price of Baxter International Inc. ( BAX ) shares has reached $68, which is 1.5% off the 52-week high of $69. Baxter International Inc, was incorporated under Delaware law in 1931.
Baxter International Inc. has a market cap of $37.35 billion; its shares were traded at around $68 with a P/E ratio of 16.6 and P/S ratio of 2.7. The dividend yield of Baxter International Inc. stocks is 2.3%. Baxter International Inc. had an annual average earnings growth of 10% over the past 10 years. GuruFocus rated Baxter International Inc. the business predictability rank of 3 stars.
On Jan. 24, 2013 Baxter International Inc. announced financial results for the fourth quarter of 2012, and provided its financial outlook for the first quarter and full year 2013. Baxter reported net income in the fourth quarter of $494 million, which compares to $463 million reported in the prior year's period.
Corporate Vice President Norbert G. Riedel sold 70,125 shares of BAX stock on 8/03/2012 at the average price of $58.99. Norbert G. Riedel owns at least 52,815 shares after this. The price of the stock has increased by 15.27% 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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Executive Vice President David L. Cohen sold 2,677 shares of CMCSA stock on 11/16/2012 at the average price of $35.29. Senior Vice President James R. Jenkins sold 7,000 shares of DE stock on 1/02/2013 at the average price of $87.95. Corporate Vice President Norbert G. Riedel sold 70,125 shares of BAX stock on 8/03/2012 at the average price of $58.99.
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Net income attributable to Deere & Co. was $687.6 million, or $1.75 per share, for the fourth quarter ended Oct. 31, compared with $669.6 million, or $1.62 per share, for the same period last year. Comcast Corp. was incorporated under the laws of Pennsylvania in December 2001. Comcast Corp. has a market cap of $106.05 billion; its shares were traded at around $39.76 with a P/E ratio of 18.3 and P/S ratio of 1.8.
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Deere & Co. ( DE ) Reached the 52-Week High of $93.47 The price of Deere & Co. ( DE ) shares has reached $93.47, which is 0.2% off the 52-week high of $93.7. Comcast Corp. was incorporated under the laws of Pennsylvania in December 2001. Comcast Corp. has a market cap of $106.05 billion; its shares were traded at around $39.76 with a P/E ratio of 18.3 and P/S ratio of 1.8.
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The dividend yield of Deere & Co. stocks is 2%. Campbell Soup was incorporated as a business corp. under the laws of New Jersey on Nov. 23, 1922. Comcast Corp. was incorporated under the laws of Pennsylvania in December 2001.
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1d53bcb0-de36-4efb-8667-0806b07ac166
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723065.0
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2013-01-11 00:00:00 UTC
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This Simple "Cheat Sheet" Tells You What Buffett's Buying
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https://www.nasdaq.com/articles/simple-cheat-sheet-tells-you-what-buffetts-buying-2013-01-11
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Imagine getting the chance to look over the shoulder of the world's greatest investors as they go about their work, to get a glimpse of whatWarren Buffett , George Soros or David Einhorn just bought or sold.
You may be surprised to learn that there's a little-known "cheat sheet" that can tell you this information, legally, with the click of a button.
Once you know where to look, you can find out whatstocks Buffett or any of your favoriteinvesting gurus are buying and selling.
These "cheat sheets" are called Form13F filings.
Institutionalinvestment managers with more than $100 million in qualifying assets are required by the U.S.Securities and Exchange Commission (SEC) to file these forms quarterly. They listinvestment holdings.
Here's what we can learn…
By looking at certain 13F filings, you would have known that in the third quarter of 2012, Buffett's investment firm Berkshire Hathaway (NYSE: BRK-B) bought Deere ( DE ) , Precision Castparts ( PCP ) , WABCO Holdings ( WBC ) and Media General ( MEG ) .
And why should we pay attention to what Buffett's buying?
Well, to measure how much investors could have gained by mimicking Buffett in the last year, I tried an experiment.
I wrote down the purchases from Buffett's 13F filing from Dec. 31, 2011.
At the time, he opened new positions in two securities: DaVita HealthCare Partners Inc. ( DVA ) and Liberty Media Corp. (Nasdaq: LMCA) .
Then I looked at the performance of both stocks.
Since then, DVA is up 46%. LMCA is up 47%.
My conclusion: There's a very good reason why Buffett is one of the richest men in the world.
And if you happen to prefer the investing style of David Einhorn, George Soros -- or almost any other famous investor -- here's the good news… their 13F Filings are just as easy to find.
Action to Take --> If you're interested in researching 13F filings on your own, then you can go to the SEC website here.
But for a much more user-friendly website, I recommend GuruFocus.com. (Neither I nor StreetAuthority receive any compensation for recommending this site.)
And if you don't have time to do the research on your own, no problem. We've got you covered.
The latest 13F filings were filed on Dec. 31, 2012. In the ensuing weeks, check back with StreetAuthority. I'll be publishing my latest research as soon as the data becomes available.
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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Imagine getting the chance to look over the shoulder of the world's greatest investors as they go about their work, to get a glimpse of whatWarren Buffett , George Soros or David Einhorn just bought or sold. Here's what we can learn… By looking at certain 13F filings, you would have known that in the third quarter of 2012, Buffett's investment firm Berkshire Hathaway (NYSE: BRK-B) bought Deere ( DE ) , Precision Castparts ( PCP ) , WABCO Holdings ( WBC ) and Media General ( MEG ) . I wrote down the purchases from Buffett's 13F filing from Dec. 31, 2011.
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Imagine getting the chance to look over the shoulder of the world's greatest investors as they go about their work, to get a glimpse of whatWarren Buffett , George Soros or David Einhorn just bought or sold. Here's what we can learn… By looking at certain 13F filings, you would have known that in the third quarter of 2012, Buffett's investment firm Berkshire Hathaway (NYSE: BRK-B) bought Deere ( DE ) , Precision Castparts ( PCP ) , WABCO Holdings ( WBC ) and Media General ( MEG ) . I wrote down the purchases from Buffett's 13F filing from Dec. 31, 2011.
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Here's what we can learn… By looking at certain 13F filings, you would have known that in the third quarter of 2012, Buffett's investment firm Berkshire Hathaway (NYSE: BRK-B) bought Deere ( DE ) , Precision Castparts ( PCP ) , WABCO Holdings ( WBC ) and Media General ( MEG ) . The latest 13F filings were filed on Dec. 31, 2012. Imagine getting the chance to look over the shoulder of the world's greatest investors as they go about their work, to get a glimpse of whatWarren Buffett , George Soros or David Einhorn just bought or sold.
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The latest 13F filings were filed on Dec. 31, 2012. Imagine getting the chance to look over the shoulder of the world's greatest investors as they go about their work, to get a glimpse of whatWarren Buffett , George Soros or David Einhorn just bought or sold. Here's what we can learn… By looking at certain 13F filings, you would have known that in the third quarter of 2012, Buffett's investment firm Berkshire Hathaway (NYSE: BRK-B) bought Deere ( DE ) , Precision Castparts ( PCP ) , WABCO Holdings ( WBC ) and Media General ( MEG ) .
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723066.0
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2013-01-09 00:00:00 UTC
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Strong 1Q Results at Lindsay - Analyst Blog
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https://www.nasdaq.com/articles/strong-1q-results-at-lindsay-analyst-blog-2013-01-09
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Lindsay Corporation's ( LNN ) earnings per share increased an impressive 92% to $1.15 in the first quarter of fiscal 2013 from an adjusted earnings of 60 cents a share in the year-ago quarter. Results were way ahead of the Zacks Consensus Estimate of 75 cents per share.
Earnings per share in the prior-year quarter stood at 23 cents, including an after tax effect of 37 cents of accrued expenses related to environmental remediation at the company's Lindsay, Nebraska manufacturing facility. Compared to this, EPS of $1.15 in the quarter grew a whopping 400%
Operational Update
Total revenue improved 24% year over year to $147.4 million, beating the Zacks Consensus Estimate of $130 million. The year-over-year increase in revenues stemmed from a 33% improvement in total irrigation equipment revenues. Domestic irrigation revenues rose 59% but was offset by a 6% decline in international irrigation revenues due to lower project revenues in the Middle East. On the other hand, infrastructure revenues fell 29% during the quarter.
Cost of goods sold increased 17% to $104 million. Gross profit improved 42% to $42.9 million with gross margin expanding 370 basis points to 29.1%. Irrigation margins improved 4% helped by lower input costs, strong pricing environment and fixed cost leverage on higher sales. On the other hand, infrastructure margins declined 4% due to sales mix and deleverage of fixed costs from lower sales.
Operating expenses improved 18% to $20.6 million in the quarter. Operating income in the quarter soared 338% to $22.3 million. Operating margin in the quarter was 15.1% compared with 4.3% in the prior year quarter.
Lindsay's backlog at the end of first quarter fiscal 2013 was $85.1 million compared with $52.8 million at the end of first quarter fiscal 2012 and $57.1 million at the end of fourth quarter fiscal 2012.
Financial Position
Cash and cash equivalents of $152.2 million were $143.4 million as of November 30, 2012 and $108.7 compared with $108.7 million as of November 30, 2011. The company generated $13.4 million in net cash from operating activity in the quarter compared with $6.2 million in the year-ago quarter.
Total debt was $3.2 million as of November 30, 2012, compared to $7.5 million as of November 30, 2011. Debt-to-capitalization ratio improved to 1% as of November 30, 2012, from 2.7% as November 30, 2011.
Outlook
Lindsay expects that positive farmer sentiment, farm incomes and commodity prices affected by dry weather prevailing in the U.S. will positively impact the company in fiscal 2013. Lindsay expects long-term demand to remain high, driven by increased food production and efficient water use. Even though infrastructure sales declined during the quarter, it is expected to pick up through the remainder of the year.
Our View
Demand for Lindsay's products will increase, driven by soaring demand for food production owing to worldwide population growth, efficient water use, mounting need for biofuel and improving transportation infrastructure. Moreover, the new highway bill will increase government spending on infrastructure favoring Lindsay in the space.
Lindsay Corporation is a leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, which are used principally for agriculture to increase or stabilize crop production while conserving water, energy, and labor. Lindsay retains a Zacks Rank #3 (Hold). AGCO Corporation ( AGCO ) and Deere & Company ( DE ) both retain a Zacks Rank #3 (Hold) in the same industry.
AGCO CORP (AGCO): 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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Lindsay expects long-term demand to remain high, driven by increased food production and efficient water use. Lindsay Corporation is a leading designer and manufacturer of self-propelled center pivot and lateral move irrigation systems, which are used principally for agriculture to increase or stabilize crop production while conserving water, energy, and labor. Domestic irrigation revenues rose 59% but was offset by a 6% decline in international irrigation revenues due to lower project revenues in the Middle East.
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Our View Demand for Lindsay's products will increase, driven by soaring demand for food production owing to worldwide population growth, efficient water use, mounting need for biofuel and improving transportation infrastructure. AGCO Corporation ( AGCO ) and Deere & Company ( DE ) both retain a Zacks Rank #3 (Hold) in the same industry. AGCO CORP (AGCO): 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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Domestic irrigation revenues rose 59% but was offset by a 6% decline in international irrigation revenues due to lower project revenues in the Middle East. On the other hand, infrastructure margins declined 4% due to sales mix and deleverage of fixed costs from lower sales. Total debt was $3.2 million as of November 30, 2012, compared to $7.5 million as of November 30, 2011.
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Domestic irrigation revenues rose 59% but was offset by a 6% decline in international irrigation revenues due to lower project revenues in the Middle East. On the other hand, infrastructure margins declined 4% due to sales mix and deleverage of fixed costs from lower sales. Total debt was $3.2 million as of November 30, 2012, compared to $7.5 million as of November 30, 2011.
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723067.0
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2012-12-28 00:00:00 UTC
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2 Buys from Bill Gates' Secret Investment
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https://www.nasdaq.com/articles/2-buys-bill-gates-secret-investment-2012-12-28
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Bill Gates has a secret. It's something very few people know. For the most part, only those who closely follow his business or work with him are aware of this secret.
As the second wealthiest person on Earth, with anet worth of about $65 billion, Gates stepped down from the lead role at Microsoft (Nasdaq: MSFT) a few years ago to dedicate his life to philanthropy. He is already credited with giving away nearly $30 billion through the Bill and Melinda Gates' Foundation -- the largest transparently operated nonprofit foundation in the world.
The foundation has noble goals of easing poverty and enhancing health care worldwide. It is estimated this foundationwill have saved 8 million lives by 2020. The Gates Foundation is so well respected that other well-known executives are also part of it.Warren Buffett , for instance, sits on theboard of directors and has pledged the majority of his wealth to the cause. You can't get much better of an endorsement than from the Oracle of Omaha.
But what very few people realize is that the majority of Gates' wealth is held within a for-profit firm. You likely have never heard of it, unless you are in the hedge-fund business or follow Gates closely.
I'm talking about CascadeInvestment LLC, a private holding company for Gates'investments . Managed by Michael Larson, a successful value investor, the company is headquartered in Kirkland,Wash .
With Gates and his family being the only shareholders, Cascade is funded by the sale of Microsoftshares . Nearly every trading day for the past 20 years, Gates has quietly sold off his Microsoft shares, in an effort not to alter the stock price, transferring the after-tax proceeds to Cascade Investment. Cascade turns around and reinvests thefunds into a myriad of other public companies.
Clearly, extremedue diligence by Gates and hisportfolio manager Michael Larson is conducted into each investment. Throw in the Buffett's influence, and Cascade's investments have likely passed the most rigorous of tests.
Despite the secrecy surrounding Cascade Investment and its holdings, the firm is still required to file SEC 13D forms to reveal some of its major trades. Because they must be filed within 10 days by anyone who acquires beneficial ownership of more than 5% of any publically-traded company, 13D filings are more timely and actionable than the quarterly13F filing.
What this means for regular investors like you and me is that we can simply follow the moves of Cascade to take advantage of the finest due-diligencemoney can buy.
Here's are two of Cascade's latest investments that are great opportunities for profits.
1. Deere & Co ( DE )
Gates ramped up his holding in the farm and heavy-equipment manufacturer by 3 million shares from Dec. 7 through Dec. 10. This increased his stake in the company from 5.8% to a 7%.
Gates' last major increase in Deere shares was in August 2011, when he owned 24.5 million shares.
The company'sbalance sheet appears strong. Deere posted a 13%revenue gain in 2012 and is forecasting an additional 5% growth rate for 2013. I am certain Gates is pleased with Deere's 14% third-quarter equipment sales growth and a 13-cent increase inearnings per share ( EPS ) to $1.75 during the same time frame.
Most interestingly, the farm equipment sector, and Deere in particular, has benefitted by the highcommodity prices and low equipment financing rates this year.
As a trade, there is heavy technical resistance at $87 a share on the daily chart. This creates a breakout entry opportunity on the first daily close above $87 a share.
2. AutoNation ( AN )
Cascade Investment is a 10% owner of the auto dealer chain. 13D filings reveal Cascade performedmultiple "buy" transactions during the first half of 2012. These transactions make it clear that Gates is a hugebull when it comes to auto sales and the U.S.economy .
Shares rocketed higher by 31% for the year into mid-October. Next, the company posted a slight miss of third-quarterearnings , resulting in shares giving back 20% of their gains for the year. Surprisingly, profits soared 40% and revenue jumped 12% during the same quarter.
Apparently, investors were spooked by the company slowing down its share repurchases in the third quarter. As a result, the stock price is holding right on the 200-day simplemoving average in the $38-39 range. Technically strong, triple-bottom support has been built at $38, creating a great buying opportunity for the stock right now.
Both stocks face heavy headwinds from the shaky economy. Although I believe things are improving, there remains much risk ininvesting in stocks closely tied to economic growth. Always use stops and position size relative to your risk tolerance when investing.
Action to Take --> I really like both of Cascade's investments detailed above. Deere is set up to be a perfect breakout candidate. My 12-month target price on the heavy equipment maker is $95 a share. AutoNation has pulled back into the value "buy" zone while holding onto support at the 200-day simple moving average. I like it right now as a buy with a 12-month target of $48 a 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 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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As the second wealthiest person on Earth, with anet worth of about $65 billion, Gates stepped down from the lead role at Microsoft (Nasdaq: MSFT) a few years ago to dedicate his life to philanthropy. Nearly every trading day for the past 20 years, Gates has quietly sold off his Microsoft shares, in an effort not to alter the stock price, transferring the after-tax proceeds to Cascade Investment. The foundation has noble goals of easing poverty and enhancing health care worldwide.
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13D filings reveal Cascade performedmultiple "buy" transactions during the first half of 2012. As the second wealthiest person on Earth, with anet worth of about $65 billion, Gates stepped down from the lead role at Microsoft (Nasdaq: MSFT) a few years ago to dedicate his life to philanthropy. The foundation has noble goals of easing poverty and enhancing health care worldwide.
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Nearly every trading day for the past 20 years, Gates has quietly sold off his Microsoft shares, in an effort not to alter the stock price, transferring the after-tax proceeds to Cascade Investment. Gates' last major increase in Deere shares was in August 2011, when he owned 24.5 million shares. I am certain Gates is pleased with Deere's 14% third-quarter equipment sales growth and a 13-cent increase inearnings per share ( EPS ) to $1.75 during the same time frame.
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I am certain Gates is pleased with Deere's 14% third-quarter equipment sales growth and a 13-cent increase inearnings per share ( EPS ) to $1.75 during the same time frame. As the second wealthiest person on Earth, with anet worth of about $65 billion, Gates stepped down from the lead role at Microsoft (Nasdaq: MSFT) a few years ago to dedicate his life to philanthropy. The foundation has noble goals of easing poverty and enhancing health care worldwide.
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bfc73587-fd4d-415f-91f7-6e41c1a56040
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723068.0
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2012-12-24 00:00:00 UTC
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Deere & Company (DE) Ex-Dividend Date Scheduled for December 27, 2012
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DE
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https://www.nasdaq.com/articles/deere-company-de-ex-dividend-date-scheduled-december-27-2012-2012-12-24
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nan
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nan
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Deere & Company ( DE ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.46 per share scheduled for February 01, 2013. 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 $86.19, the dividend yield is 2.13%.
The previous trading day's last sale of DE was $86.19, representing a -3.91% decrease from the 52 week high of $89.70 and a 24% increase over the 52 week low of $69.51.
DE is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Danaher Corporation ( DHR ). DE's current earnings per share, an indicator of a company's profitability, is $7.64. Zacks Investment Research reports DE's forecasted earnings growth in 2013 as 9.41%, compared to an industry average of 14.4%.
For more information on the declaration, record and payment dates, visit the DE Dividend History page.
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 )
Jefferies TR/J CRB Global Commodity Equity Index Fund ( CRBQ )
Market Vectors Hard Assets Producers ETF ( HAP )
PowerShares Dynamic Industrials ( PRN ).
The top-performing ETF of this group is PRN with an increase of 15.93% over the last 100 days. VEGI has the highest percent weighting of DE at 7.59%.
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 ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.46 per share scheduled for February 01, 2013. 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 Canon, Inc. ( CAJ ) and Danaher Corporation ( DHR ).
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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 ) Jefferies TR/J CRB Global Commodity Equity Index Fund ( CRBQ ) 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 ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.46 per share scheduled for February 01, 2013.
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Deere & Company ( DE ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.46 per share scheduled for February 01, 2013. Shareholders who purchased DE stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) Market Vectors Agribusiness ETF ( MOO ) Jefferies TR/J CRB Global Commodity Equity Index Fund ( CRBQ ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares Dynamic Industrials ( 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 $7.64. The following ETF(s) have DE as a top-10 holding: iShares MSCI Agriculture Producers Fund ( VEGI ) Market Vectors Agribusiness ETF ( MOO ) Jefferies TR/J CRB Global Commodity Equity Index Fund ( CRBQ ) Market Vectors Hard Assets Producers ETF ( HAP ) PowerShares Dynamic Industrials ( PRN ).
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8dc4496c-d15a-412e-bade-4bea79d71e78
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723069.0
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2012-12-14 00:00:00 UTC
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Market Wrap-Up for Dec.14 (BBY, AAPL, AMGN, DE, MRO, more)
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https://www.nasdaq.com/articles/market-wrap-dec14-bby-aapl-amgn-de-mro-more-2012-12-14
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nan
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This morning's CPI numbers, which showed that the cost of living fell 0.3% last month, gave skeptics some fresh ammunition to question the validity of governmental statistics. I know that gas prices have been dropping, but the costs of many other goods have clearly not been. Can it be that it's actually cheaper to get by now than it was a couple of months ago? I can tell you that most of my personal expenses continued on their merry up-ticking ways, but the data must know something we all don't.
Best Buy ( BBY ) gave back much of yesterday's rally, as the company extended the date for its former founder to make a bid. This move has inspired many investors to head for the exits, as the hope for a buyout seem to be fading.
Amgen ( AMGN ) shares finished nearly unchanged after the biotech giant updated the investment community with news of a hefty dividend hike (bringing it above 2%). Wall Street analyst calls that moved stocks included positive commentary on Marathon Petroleum ( MRO ) and Deere & Co. ( DE ), while cautious commentary moved stocks like Apple ( AAPL ) and Ethan Allen ( ETH ) lower.
The Skill Set Needed to Thrive in Investing
If you have ever watched any skilled professional up close to see how focused they are in their craft regardless of what is going on around them (think athletes, actors, musicians, trades people, etc.), you will see the amazing ability they have in being able to perform under pretty much any circumstances. Now they weren't necessarily born with such a skill. Unquestionably they worked hard on it to excel above their peers.
At Dividend.com we go about our day with the same approach. There are so many events happening on a daily basis that can easily fluster any market veteran if they lose sight of the big picture. For individual investors, the distractions are constant. Unless an individual investor can dedicate themselves to just the markets, they will likely need to rely on sources they can trust to stay grounded in their market approach. The problem for the markets, especially in how the media tackles the daily events, is that they make for too many swings in emotion.
If you and I are truly to succeed over the long term, we can not be distracted by every little news blip that is portrayed as another monumental market-shifting event. The idea is not to ignore the blips, but to factor how they will really effect the outcome in the months and years ahead. The market does an admirable job of pricing in future events sooner than most new investors realize. Stay focused and let's take it one day at a time. The trip to building wealth will simply take as long as it takes.
On a separate note, our prayers go out to the families of those affected in today's tragic news coming out of Newton, Connecticut. As a parent myself, I can't even imagine what is going through those families' lives at this moment. All we can do is just pray.
Our 2013 Dividend Stock Guide Has Arrived!
Our new members-only eBook has just been released! This 250-page guide to investing in 2013 contains a concise economic forecast for next year, including full previews for 60 big-name stocks! Be sure to head over to Dividend.com Premium and download it and get your game plan in place for all good things dividend-related in 2013!
Looking Toward Next Week
Looking ahead to the next week for stocks, we will see earnings results from the likes of Oracle ( ORCL ), General Mills ( GIS ), FedEx ( FDX ), and Nike ( NKE ), just to name a few. Throw in the latest economic data and fiscal cliff updates, and investors will have plenty of news to absorb as usual.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amgen ( AMGN ) shares finished nearly unchanged after the biotech giant updated the investment community with news of a hefty dividend hike (bringing it above 2%). Best Buy ( BBY ) gave back much of yesterday's rally, as the company extended the date for its former founder to make a bid. Wall Street analyst calls that moved stocks included positive commentary on Marathon Petroleum ( MRO ) and Deere & Co. ( DE ), while cautious commentary moved stocks like Apple ( AAPL ) and Ethan Allen ( ETH ) lower.
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Wall Street analyst calls that moved stocks included positive commentary on Marathon Petroleum ( MRO ) and Deere & Co. ( DE ), while cautious commentary moved stocks like Apple ( AAPL ) and Ethan Allen ( ETH ) lower. Created by Dividend.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Best Buy ( BBY ) gave back much of yesterday's rally, as the company extended the date for its former founder to make a bid.
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Wall Street analyst calls that moved stocks included positive commentary on Marathon Petroleum ( MRO ) and Deere & Co. ( DE ), while cautious commentary moved stocks like Apple ( AAPL ) and Ethan Allen ( ETH ) lower. Unless an individual investor can dedicate themselves to just the markets, they will likely need to rely on sources they can trust to stay grounded in their market approach. Best Buy ( BBY ) gave back much of yesterday's rally, as the company extended the date for its former founder to make a bid.
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Unless an individual investor can dedicate themselves to just the markets, they will likely need to rely on sources they can trust to stay grounded in their market approach. Our 2013 Dividend Stock Guide Has Arrived! Best Buy ( BBY ) gave back much of yesterday's rally, as the company extended the date for its former founder to make a bid.
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31a00cd3-29c6-40bc-9850-ae683ee88538
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723070.0
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2012-12-10 00:00:00 UTC
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Danaher Corporation (DHR) Ex-Dividend Date Scheduled for December 12, 2012
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DE
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https://www.nasdaq.com/articles/danaher-corporation-dhr-ex-dividend-date-scheduled-december-12-2012-2012-12-10
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nan
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Danaher Corporation ( DHR ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.025 per share scheduled for December 28, 2012. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that DHR has paid the same dividend. At the current stock price of $53.5, the dividend yield is .19%.
The previous trading day's last sale of DHR was $53.5, representing a -6.39% decrease from the 52 week high of $57.15 and a 18.73% increase over the 52 week low of $45.06.
DHR is a part of the Capital Goods sector, which includes companies such as Canon, Inc. ( CAJ ) and Deere & Company ( DE ). DHR's current earnings per share, an indicator of a company's profitability, is $3.27. Zacks Investment Research reports DHR's forecasted earnings growth in 2012 as 11.7%, compared to an industry average of 8.7%.
For more information on the declaration, record and payment dates, visit the DHR Dividend History page.
Interested in gaining exposure to DHR through an Exchange Traded Fund [ETF]?
The following ETF(s) have DHR as a top-10 holding:
Guggenheim S&P Global Water ( CGW )
Select Sector SPDR Fund - Industrial ( XLI )
PowerShares S&P 500 High Quality Portfolio ( SPHQ ).
The top-performing ETF of this group is XLI with an increase of 8.29% over the last 100 days. CGW has the highest percent weighting of DHR at 4.88%.
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 DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. Danaher Corporation ( DHR ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.025 per share scheduled for December 28, 2012. This marks the 6th quarter that DHR has paid the same dividend.
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Danaher Corporation ( DHR ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.025 per share scheduled for December 28, 2012. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Danaher Corporation ( DHR ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.025 per share scheduled for December 28, 2012. Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that DHR has paid the same dividend.
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Shareholders who purchased DHR stock prior to the ex-dividend date are eligible for the cash dividend payment. Danaher Corporation ( DHR ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.025 per share scheduled for December 28, 2012. This marks the 6th quarter that DHR has paid the same dividend.
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17c21202-3d87-42d7-8d1e-e54b790a7138
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723071.0
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2012-12-07 00:00:00 UTC
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Lindsay, CNH Global Lead Rising Farm Equipment Group
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DE
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https://www.nasdaq.com/articles/lindsay-cnh-global-lead-rising-farm-equipment-group-2012-12-07
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Italy may be one of Europe's struggling economies, fighting to avoid being dragged into bankruptcy and out of the Eurozone by its looming sovereign debt. But that didn't keep Turin-based Fiat Industrial from nailing down a $1.5 billion deal to buy Illinois-based tractor makerCNH Global ( CNH ) in November.
The deal gives Fiat the 12% of CNH it didn't already own, as well as control of CNH's $5 billion cash war chest. Fiat, which owns Iveco trucks, plans to streamline CNH and merge the two companies into a new entity.
At about the same time, farm equipment makerDeere ( DE ) announced mixed fiscal fourth-quarter results, with sales above and earnings below analyst estimates. It guided 2013 sales expectations to 5% growth, less than half of this year's 13% gain and only slightly less flat than a Kansas corn field.
In the quarterly conference call, financial officer Raj Kalathur told analysts the looming "fiscal cliff" in the U.S. and slowing growth in China would likely have no "lasting impact on the powerful tail winds" the company sees driving "demand for agriculture and construction equipment well into the future."
Those tails winds are generated by global population growth expected to rise 16% to 8 billion by 2025, according to the U.N, Department of Economic and Social Affairs. A growing portion of that population is learning to love higher protein, better quality diets.
Another tail wind for farmers and equipment makers has been price pressure created by ethanol demand. A combination of tax credits and renewable fuel mandates helped boost corn used for fuel production more than 600%, to 4.5 billion bushels between 2000 and 2012, according the U.S. Department of Agriculture.
That made the farming sector one of the most successful segments of the U.S. economy, increasing farm incomes to record levels even as the rest of the country suffered through a recession. U.S. equipment sales shored up Deere and other equipment makers as global sales slipped.
IBD's Machinery-Farm equipment industry group gained ground in the fourth quarter, reaching a No. 43 ranking Friday, up from No. 147 at the start of September. CNH has posted the biggest gain so far for the quarter among the group's seven stocks, up 24%. It is up 34% so far for the year. That is just behind irrigation equipment makerLindsay Corp's ( LNN ) 41% year-to-date gain and ahead of the 29% advance by Japan-based tractor maker,Kubota ( KUB ).
But analyst Charles Neivert at Dahlman Rose says the group faces challenges ahead, as U.S. farmers shift spending priorities for their businesses.
"Equipment isn't high on the list because of turnover rates on the equipment. Farmers already went through a phase of buying equipment, so unless someone invents something really new, growth will be harder," he said.
1. Business
The United States remains the largest producer and exporter of corn and soybeans in the world. In 2012, it has exported nearly twice the amount of corn as its nearest competitor, Argentina, and more than 20 times the corn exported by the third largest exporter, China.
The U.S. is also the world's largest wheat exporter, but now ranks third in wheat production, overtaken by rapid growth in China, India and Russia. Global wheat production increased 179% between 1960 and 2012. The number of acres used to produce that wheat increased over the same period by only 7%.
Innovations in seed types, fertilizers and insecticides all contribute to that increase in efficiency. But so does expanding use of mechanical farming, with more farmers in more countries turning to more advanced tractors, combines and other equipment.
Deere's green and yellow leaping deer logo is an international symbol of successful farming. So is the triangle Cat logo of construction and agriculture equipment giantCaterpillar ( CAT ). Caterpillar is listed in IBD's Machinery-Construction/Mining group.
Lindsay is among the group's smaller players, providing crop-scale irrigation systems, as well as specialized construction barriers for road builders.AGCO Corp. (AGCO) owns a long list of international equipment names, including the Fendt and Massey Ferguson brands.
2. Market
Farmers in developed economies might be forced to make changes to their equipment as the European Union and the U.S. pass rules reducing engine emission allowances. Rising farm employment in some developing economies could help boost farm equipment makers' international opportunities, but equipment needs in China and other developing nations are smaller than in the U.S.
Deere and Lindsay will continue to dominate the market in the foreseeable future.
"Market share doesn't change quickly in this business; changes are glacial," said Stephen Volkmann, an analyst at Jefferies. "What drives businesses is overall farmer sentiment, age of the fleet and the need for people to replace more equipment."
3. Climate
More than any other industry, the weather affects the economic climate of the agriculture industry. The 2012 drought in the U.S. destroyed much of what was supposed to be the largest crop planted since World War II. The drought knocked down this year's corn yield by 17%, but the price rose 25%, Kalathur said in a phone interview with IBD. That kept most farmers on track to post a healthy year.
"Farmers' financial pictures are (doing) well. Those who didn't produce a crop had insurance so they weren't at a total loss, so they have money to spend," Neivert said.
How farmers will choose to spend their cash remains to be seen.
Overseas, the Ukraine also suffered a drought this year. The weather was more forgiving in other countries, providing opportunities for equipment makers.
"The Europeans and South Americans had a good year last year and produced a lot of crop," Volkmann said. "Deere made an effort to grow more overseas. Because they have a strong position in the U.S. they are looking to balance out the U.S. cycle with the non-U.S. cycle."
4. Technology
Farmers have always been at the forefront of technological development. Deere was founded by a 19th century blacksmith who innovated a steel edge for horse-drawn plows. CNH, formed in the combination of the Case and New Holland companies in 1999, is descended from Jerome Case who manufactured the country's first successful threshing machines.
Today, Deere offers unmanned tractors, able to operate without a driver, freeing up a worker for other jobs. GPS mapping helps farmers get the biggest yield out of the sprawling farms that blanket the Midwest. Deere's new model 7760 cotton picker not only harvests the cotton, but also rolls it into bales, then wraps the bale.
Other companies, including electronics makerTrimble Navigation (TRMB), provide laser and satellite guidance equipment. These allow farmers to grade fields perfectly level, which helps to retain water applied by irrigation equipment. It also enables farmers to grade fields to a prescribed tilt, so that chemical runoff can be directed into catchments.
The key, Kalathur says, is spending to develop precisely what farmers need most.
"We don't provide technology just for the sake of technology," Kalathur said. "We do it to understand the need of the customer."
5. Outlook
Volkmann sees flat growth in North America for the industry in 2013. Brazil, on the other hand, will see double-digit growth while European sales will rise slightly.
"Longer term, I think we are near peak in North America," he said. "But that should continue at these high levels for several years absent some kind of external event. In Europe and Brazil, and in other emerging markets, I think there will be a need for agriculture infrastructure growth for the next several years."
Upside: As severe as the drought was, it might actually be good news for farm equipment makers.
"After drought years we have seen an increase in equipment sales," Kalathur said, citing 1988 and the mid-'90s as booms in equipment sales.
Deere gave flat guidance for 2013, but it is hoping that growth will kick in from developing markets in the long run as the markets mature. Deere's long-term goal is to have 50% of its sales originate outside the U.S as developing markets mature.
Downside: Farm equipment sales have been growing for the past 10 years, the typical length of an industry growth cycle, according to Volkmann. Farms may use the extra cash from high crop prices to buy seeds or goods other than equipment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the quarterly conference call, financial officer Raj Kalathur told analysts the looming "fiscal cliff" in the U.S. and slowing growth in China would likely have no "lasting impact on the powerful tail winds" the company sees driving "demand for agriculture and construction equipment well into the future." Lindsay is among the group's smaller players, providing crop-scale irrigation systems, as well as specialized construction barriers for road builders.AGCO Corp. (AGCO) owns a long list of international equipment names, including the Fendt and Massey Ferguson brands. Market Farmers in developed economies might be forced to make changes to their equipment as the European Union and the U.S. pass rules reducing engine emission allowances.
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In the quarterly conference call, financial officer Raj Kalathur told analysts the looming "fiscal cliff" in the U.S. and slowing growth in China would likely have no "lasting impact on the powerful tail winds" the company sees driving "demand for agriculture and construction equipment well into the future." Those tails winds are generated by global population growth expected to rise 16% to 8 billion by 2025, according to the U.N, Department of Economic and Social Affairs. Rising farm employment in some developing economies could help boost farm equipment makers' international opportunities, but equipment needs in China and other developing nations are smaller than in the U.S. Deere and Lindsay will continue to dominate the market in the foreseeable future.
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Rising farm employment in some developing economies could help boost farm equipment makers' international opportunities, but equipment needs in China and other developing nations are smaller than in the U.S. Deere and Lindsay will continue to dominate the market in the foreseeable future. Downside: Farm equipment sales have been growing for the past 10 years, the typical length of an industry growth cycle, according to Volkmann. Italy may be one of Europe's struggling economies, fighting to avoid being dragged into bankruptcy and out of the Eurozone by its looming sovereign debt.
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Downside: Farm equipment sales have been growing for the past 10 years, the typical length of an industry growth cycle, according to Volkmann. Italy may be one of Europe's struggling economies, fighting to avoid being dragged into bankruptcy and out of the Eurozone by its looming sovereign debt. But that didn't keep Turin-based Fiat Industrial from nailing down a $1.5 billion deal to buy Illinois-based tractor makerCNH Global ( CNH ) in November.
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e5df42b5-dfa3-4d5c-a945-02bfccd454b3
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723072.0
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2012-12-06 00:00:00 UTC
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Record Year for Toro - Analyst Blog
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DE
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https://www.nasdaq.com/articles/record-year-for-toro-analyst-blog-2012-12-06
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nan
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nan
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Toro Co. ( TTC ) reported break-even results in the fourth quarter of 2012, in line with the Zacks Consensus Estimate but compared unfavorably with 8 cents per share earned in the year-ago quarter. Fourth quarter results were affected by the reduced demand for snow products due to last winter's paltry snowfall, which restrained consumers to buy equipment for this season. The warm, dry start to winter this year further aggravated the situation.
Operational Update
Sales declined 8% year over year to $339 million, falling short of the Zacks Consensus Estimate of $350 million. The decline in the Residential segment offset the increase in the Professional segment.
Gross profit decreased 10% year over year to $226 million with gross margin contracting 100 basis points to 33.3%. Selling, general and administrative expenses decreased 1% year over year to $109 million. Operating income plunged 55% year over year to $4.1 million in the quarter with operating margin contracted130 basis points to 1.2% in the quarter.
Segment Performance
Professional: Sales for the segment increased 6% year over year to $228.6 million in the quarter. The segment's operating profit increased 21% to $20.7 million.
Residential: The segment reported sales of $102 million, down 29% year over year, affected by weak snow thrower sales. Operating income dropped 43% to $6.7 million with operating margin contracting 170 basis points to 6.6%.
Fiscal 2012 Performance
Despite a lackluster fourth quarter, Toro reported record earnings per share of $1.85 in fiscal 2012, up 16% from $2.14 in the prior year and ahead of the Zacks Consensus Estimate by a cent. Sales increased 4% year over year to a record $1.96 billion. Successful introduction of new products and accretive acquisitions helped grow its positions in golf equipment, landscape contractor and grounds, micro irrigation and residential mowing, which fully offset weak snow thrower sales, leading to the improvement in results.
Financial Position
Toro Co. ended the year with cash and cash equivalents of $126 million, up from the $81 million at the end fiscal 2011. Cash flow from operating activities during the year improved to $186 million from $114 million in the prior-year comparable period. As of fiscal 2012 end, the debt-to-capitalization ratio improved to 42% from 46% as of fiscal 2011 end.
Outlook
For fiscal 2013, Toro Co. envisions revenue growth of around 4% to 5% and net earnings in the range of $2.35 to $2.40 per share. For the first quarter, net earnings are expected to lie within 40 cents to 45 cents per share, positively impacted by anticipated accelerated purchases of diesel products ahead of the Tier 4 price change.
Our Take
Toro Co. will continue to benefit from the strong performance of the golf industry. As the number of golf grounds continues to grow, increased revenues from the courses will positively impact the company's future capital budgets.
With weather forecasts indicating normal snowfall this season, it is expected that Toro's new snow product offerings will be received well by consumers. The outlook also looks positive for the landscape contractor business as large acreage owners are replacing their ageing line and garden tractors with Toro's latest commercial-grade zero turn equipment. However, the company currently retains a Zacks #2 Rank (short-term Buy rating).
Bloomington, Minnesota-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. Deere & Company ( DE ) and Honda Motor Co., Ltd. ( HMC ) are the peers of Toro Co.
DEERE & CO (DE): Free Stock Analysis Report
HONDA MOTOR (HMC): 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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Fourth quarter results were affected by the reduced demand for snow products due to last winter's paltry snowfall, which restrained consumers to buy equipment for this season. Successful introduction of new products and accretive acquisitions helped grow its positions in golf equipment, landscape contractor and grounds, micro irrigation and residential mowing, which fully offset weak snow thrower sales, leading to the improvement in results. The outlook also looks positive for the landscape contractor business as large acreage owners are replacing their ageing line and garden tractors with Toro's latest commercial-grade zero turn equipment.
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Gross profit decreased 10% year over year to $226 million with gross margin contracting 100 basis points to 33.3%. Successful introduction of new products and accretive acquisitions helped grow its positions in golf equipment, landscape contractor and grounds, micro irrigation and residential mowing, which fully offset weak snow thrower sales, leading to the improvement in results. Deere & Company ( DE ) and Honda Motor Co., Ltd. ( HMC ) are the peers of Toro Co. DEERE & CO (DE): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report TORO CO (TTC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Operational Update Sales declined 8% year over year to $339 million, falling short of the Zacks Consensus Estimate of $350 million. Fourth quarter results were affected by the reduced demand for snow products due to last winter's paltry snowfall, which restrained consumers to buy equipment for this season. The decline in the Residential segment offset the increase in the Professional segment.
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Fiscal 2012 Performance Despite a lackluster fourth quarter, Toro reported record earnings per share of $1.85 in fiscal 2012, up 16% from $2.14 in the prior year and ahead of the Zacks Consensus Estimate by a cent. Successful introduction of new products and accretive acquisitions helped grow its positions in golf equipment, landscape contractor and grounds, micro irrigation and residential mowing, which fully offset weak snow thrower sales, leading to the improvement in results. Fourth quarter results were affected by the reduced demand for snow products due to last winter's paltry snowfall, which restrained consumers to buy equipment for this season.
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723073.0
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2012-12-05 00:00:00 UTC
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Stock Market News for December 5, 2012 - Market News
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https://www.nasdaq.com/articles/stock-market-news-for-december-5-2012-market-news-2012-12-05
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Markets ended lower for the second consecutive day as Republicans and Democrats continued to debate the Fiscal Cliff issue. Meanwhile, President Barack Obama once gain emphasized on increasing the tax rates for rich Americans. Industrial sector was the biggest gainer, whereas utilities lost the most among the S&P 500 industry groups.
The Dow Jones Industrial Average (DJI) lost 0.1% to close the day at 12,951.78. The Standard & Poor 500 (S&P 500) dropped 0.2% to finish yesterday's trading session at 1,407.05. The tech-laden Nasdaq Composite Index shed 0.2% to end at 2,996.69. The fear-gauge CBOE Volatility Index (VIX) gained 2.9% to settle at 17.12. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 5.86 billion shares, significantly lower than the daily average of 6.48 billion shares. Declining stocks beat advancers on the NYSE; as for 49% stocks that declined, 47% stocks moved higher.
Benchmarks ended in negative territory for the second consecutive day. Lack of progress on the Fiscal Cliff issue gave investors no reason to place their bets yesterday. Stocks oscillated between small gains and losses on Tuesday. Over the past few days, markets have been moving on the basis of developments regarding ongoing negotiations about the Fiscal Cliff.
Republicans had proposed raising $800 billion in additional tax revenue. The plan also included reducing $600 billion from health care programs and cutting $300 billion from both other mandatory spending and discretionary spending. Last week, Republicans rejected Treasury Secretary Timothy Geithner's proposal of raising tax revenues by $1.6 trillion over the next 10 years. If Congress fails to seal a deal on the issue, then it will take effect in less than four weeks and most likely cause another recession.
Yesterday President Obama rejected the Republican plan about the Fiscal Cliff. Last week, Republicans had rejected President Obama's plan and proposed a new plan. Obama called the Republican plan as "out of balance" and insisted on increasing tax rates for rich Americans. Obama said: "We're going to have to have higher rates for the wealthiest". He also said that no deal will be reached until Republicans agree to increase tax rates for rich Americans.
President Barack Obama is scheduled to meet corporate chief executives on Wednesday to discuss the issue. Corporate chief executives are also looking for a decrease in tax rates for their companies. The CEO of Boeing Company (NYSE: BA ) will head the group and he said that they want "a balanced solution to the nation's fiscal cliff and long-term deficit and debt issues ... including meaningful and comprehensive tax and entitlement reforms".
Coming to the sectors, Industrial Select Sector SPDR (XLI) gained 0.4% and was the biggest gainer among the S&P 500 industry groups. Looking at XLI's top ten holding companies, General Electric Company (NYSE: GE ), United Technologies Corporation (NYSE: UTX ), United Parcel Service, Inc. (NYSE: UPS ), Deere & Company (NYSE: DE ) and Emerson Electric Co. (NYSE: EMR ) surged 0.2%, 0.4%, 1.1%, 0.3% and 0.3%, respectively.
The Utilities SPDR (XLU) was the biggest loser among the S&P 500 industry groups. Stocks such as Exelon Corporation (NYSE: EXC ), Public Service Enterprise Group Inc. (NYSE: PEG ), The Southern Company (NYSE: SO ), Entergy Corporation (NYSE: ETR ) and PPL Corporation (NYSE: PPL ) lost 1.0%, 0.4%, 0.6%, 0.7% and 0.4%, respectively.
BOEING CO (BA): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
EMERSON ELEC CO (EMR): Free Stock Analysis Report
ENTERGY CORP (ETR): Free Stock Analysis Report
EXELON CORP (EXC): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
PUBLIC SV ENTRP (PEG): Free Stock Analysis Report
PPL CORP (PPL): Free Stock Analysis Report
SOUTHN COMPANY (SO): Free Stock Analysis Report
UTD PARCEL SRVC (UPS): Free Stock Analysis Report
UTD TECHS CORP (UTX): 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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Markets ended lower for the second consecutive day as Republicans and Democrats continued to debate the Fiscal Cliff issue. The CEO of Boeing Company (NYSE: BA ) will head the group and he said that they want "a balanced solution to the nation's fiscal cliff and long-term deficit and debt issues ... including meaningful and comprehensive tax and entitlement reforms". Meanwhile, President Barack Obama once gain emphasized on increasing the tax rates for rich Americans.
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Looking at XLI's top ten holding companies, General Electric Company (NYSE: GE ), United Technologies Corporation (NYSE: UTX ), United Parcel Service, Inc. (NYSE: UPS ), Deere & Company (NYSE: DE ) and Emerson Electric Co. (NYSE: EMR ) surged 0.2%, 0.4%, 1.1%, 0.3% and 0.3%, respectively. BOEING CO (BA): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EMERSON ELEC CO (EMR): Free Stock Analysis Report ENTERGY CORP (ETR): Free Stock Analysis Report EXELON CORP (EXC): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report PUBLIC SV ENTRP (PEG): Free Stock Analysis Report PPL CORP (PPL): Free Stock Analysis Report SOUTHN COMPANY (SO): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report To read this article on Zacks.com click here. Markets ended lower for the second consecutive day as Republicans and Democrats continued to debate the Fiscal Cliff issue.
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Looking at XLI's top ten holding companies, General Electric Company (NYSE: GE ), United Technologies Corporation (NYSE: UTX ), United Parcel Service, Inc. (NYSE: UPS ), Deere & Company (NYSE: DE ) and Emerson Electric Co. (NYSE: EMR ) surged 0.2%, 0.4%, 1.1%, 0.3% and 0.3%, respectively. BOEING CO (BA): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EMERSON ELEC CO (EMR): Free Stock Analysis Report ENTERGY CORP (ETR): Free Stock Analysis Report EXELON CORP (EXC): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report PUBLIC SV ENTRP (PEG): Free Stock Analysis Report PPL CORP (PPL): Free Stock Analysis Report SOUTHN COMPANY (SO): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report To read this article on Zacks.com click here. Markets ended lower for the second consecutive day as Republicans and Democrats continued to debate the Fiscal Cliff issue.
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Declining stocks beat advancers on the NYSE; as for 49% stocks that declined, 47% stocks moved higher. Yesterday President Obama rejected the Republican plan about the Fiscal Cliff. Last week, Republicans had rejected President Obama's plan and proposed a new plan.
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3fe92b0c-f0b2-416d-be0e-52925430e468
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723074.0
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2012-12-02 00:00:00 UTC
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High Beta Dividend Stocks For 2013
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https://www.nasdaq.com/articles/high-beta-dividend-stocks-2013-2012-12-02
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When it comes to sleepy, low-beta dividend stocks, investors have plenty of options. Nearly all of the members of the consumer staples, telecommunications and utilities sectors can be considered "low beta" and those three sectors combine for nearly 18 percent of the S&P 500's weight.
Add the fact that many constituents of the health care sector are viewed as low beta and that that sector represents over 12 percent of the S&P 500's weight and it is safe to say low-beta fare accounts for at least of third of the benchmark index's total weight.
What about stocks with higher betas that compensate investors for the added risk and volatility? The perception may be that taking on a higher beta means a significant reduction, if not all out elimination, of dividends. The reality is that there are plenty of stocks out there that simultaneously wear the titles of "dividend stock" and "high beta." Just look at the following list.
Deere & Company (NYSE: DE ) The agriculture equipment giant is not quite yet a dividend champion along the lines of a PepsiCo (NYSE: PEP ) or Chevron (NYSE: CVX ), but it is getting there. Deere has raised its payout for nine consecutive years. Over that time, Deere's dividend growth has been stellar. In 2003, the annual payout was just 44 cents a share. This year, that number will be $1.84 a share.
Deere's dividend growth bodes well for long-term investors and that might be one reason Warren Buffett likes the stock . Buffett's Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) bought 3.98 million Deere shares during the third quarter. There is more room for dividend growth as well as Deere management has pledged to keep a payout ratio of 25 percent to 35 percent . The current payout ratio is 24 percent. Deere's beta against the S&P 500 is 1.56.
BHP Billiton (NYSE: BHP ) The world's largest mining company certainly qualifies as "high beta" with a beta of 1.49. It is not a bad dividend stock with a yield north of 3.1 percent. In the words of the company itself, "We have a progressive dividend policy that seeks to steadily increase, or at least maintain the dividend in US dollars at each half-yearly payment."
That should assuage skittish investors that BHP is committed to rewarding shareholders despite its capital-intensive businesses. The prove is in the pudding as BHP's dividend in U.S. dollar terms has risen eightfold since 2001 .
However, there are risks. BHP's share price fluctuations are intimately tied to emerging markets commodities demand and the global economic cycle. One of those themes falters, the other usually is not far behind. Additionally, the company has over over $25 billion in debt, but less than $4.4 billion in cash .
SeaDrill (NYSE: SDRL ) As an oil services stock, SeaDrill's beta of nearly two is no surprise. However, as an oil services name, SeaDrill's dividend yield of 8.8 percent is a pleasant surprise. Transocean (NYSE: RIG ), one of SeaDrill's most direct rivals, pays no divided. Adding up the yields of Schlumberger (NYSE: SLB ), Halliburton (NYSE: HAL ) and National Oilwell Varco (NYSE: NOV ) and then multiplying that number by two garners a yield that is still nowhere close to SeaDrill's.
Fourteen of SeaDrill's 22 new rigs have already been contracted and the company had a backlog of $21.3 billion as of late November .
One thing to keep in mind about SeaDrill: It makes for valid fiscal cliff play because it is not a U.S.-based company. Even if the the fiscal cliff comes to pass and the dividend tax rate in the U.S. increases, that is likely to have little impact on SeaDrill's payout because of the company's international shareholder base.
Plus, the dividend growth is impressive. The company paid a dividend of about $3.14 a share last year, but that number will be in the $3.40 range this year.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere's dividend growth bodes well for long-term investors and that might be one reason Warren Buffett likes the stock . BHP's share price fluctuations are intimately tied to emerging markets commodities demand and the global economic cycle. Even if the the fiscal cliff comes to pass and the dividend tax rate in the U.S. increases, that is likely to have little impact on SeaDrill's payout because of the company's international shareholder base.
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When it comes to sleepy, low-beta dividend stocks, investors have plenty of options. However, as an oil services name, SeaDrill's dividend yield of 8.8 percent is a pleasant surprise. Nearly all of the members of the consumer staples, telecommunications and utilities sectors can be considered "low beta" and those three sectors combine for nearly 18 percent of the S&P 500's weight.
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Deere & Company (NYSE: DE ) The agriculture equipment giant is not quite yet a dividend champion along the lines of a PepsiCo (NYSE: PEP ) or Chevron (NYSE: CVX ), but it is getting there. There is more room for dividend growth as well as Deere management has pledged to keep a payout ratio of 25 percent to 35 percent . When it comes to sleepy, low-beta dividend stocks, investors have plenty of options.
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What about stocks with higher betas that compensate investors for the added risk and volatility? Deere's beta against the S&P 500 is 1.56. When it comes to sleepy, low-beta dividend stocks, investors have plenty of options.
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723075.0
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2012-11-30 00:00:00 UTC
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12 Higher Capitalized Dividend Stocks Close To New 52-Week Lows
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https://www.nasdaq.com/articles/12-higher-capitalized-dividend-stocks-close-new-52-week-lows-2012-11-30
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Submitted by Dividend Yield as part of our contributors program .
New Breakout Stocks By Dividend Yield - Stock, Capital, Investment . Sometimes it makes sense to observe stocks with an ongoing sell-off. The background is to find stocks with a possible turnaround story and to bet on a strong bull race. Oversold stocks are often traded at new lows but they could recover in a fast way. If the company pays stable dividends, it should increase the expected total return for an investor. However, here is a current screen of best yielding stocks that are close to their 52-Week Lows (up to 3 percent). In order to eliminate stocks with higher risk, I screened only companies with a market capitalization over USD 2 billion. As a result, 12 stocks are near to their 52-Week Lows of which six have a yield over three percent and five are recommended to buy.
Here is the table with some fundamentals to compare:
TECO Energy ( TE ) has a market capitalization of $3.59 billion. The company employs 4,290 people, generates revenue of $3.343 billion and has a net income of $272.90 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $928.30 million. The EBITDA margin is 27.77 percent (the operating margin is 18.59 percent and the net profit margin 8.16 percent).
Financial Analysis: The total debt represents 41.97 percent of the company's assets and the total debt in relation to the equity amounts to 135.60 percent. Due to the financial situation, a return on equity of 12.23 percent was realized. Twelve trailing months earnings per share reached a value of $1.17. Last fiscal year, the company paid $0.85 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 14.12, the P/S ratio is 1.07 and the P/B ratio is finally 1.58. The dividend yield amounts to 5.31 percent and the beta ratio has a value of 0.79.
Avon Products ( AVP ) has a market capitalization of $5.98 billion. The company employs 40,600 people, generates revenue of $11.291 billion and has a net income of $526.40 million. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1.094 billion. The EBITDA margin is 9.69 percent (the operating margin is 7.57 percent and the net profit margin 4.66 percent).
Financial Analysis: The total debt represents 42.77 percent of the company's assets and the total debt in relation to the equity amounts to 210.67 percent. Due to the financial situation, a return on equity of 32.08 percent was realized. Twelve trailing months earnings per share reached a value of $0.27. Last fiscal year, the company paid $0.92 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 51.42, the P/S ratio is 0.53 and the P/B ratio is finally 3.80. The dividend yield amounts to 1.73 percent and the beta ratio has a value of 1.44.
Devon Energy ( DVN ) has a market capitalization of $21.51 billion. The company employs 5,200 people, generates revenue of $11.454 billion and has a net income of $2.134 billion. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $6.788 billion. The EBITDA margin is 59.26 percent (the operating margin is 39.54 percent and the net profit margin 18.63 percent).
Financial Analysis: The total debt represents 23.79 percent of the company's assets and the total debt in relation to the equity amounts to 45.64 percent. Due to the financial situation, a return on equity of 10.38 percent was realized. Twelve trailing months earnings per share reached a value of $1.73. Last fiscal year, the company paid $0.67 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 30.65, the P/S ratio is 1.88 and the P/B ratio is finally 1.00. The dividend yield amounts to 1.51 percent and the beta ratio has a value of 1.13.
Take a closer look at the full table of dividend stocks near 52-Week lows. The average price to earnings ratio (P/E ratio) amounts to 19.99 and forward P/E ratio is 16.54. The dividend yield has a value of 4.96 percent. Price to book ratio is 1.63 and price to sales ratio 1.88. The operating margin amounts to 13.05 percent and the beta ratio is 0.92.
Selected Articles:
· The Best Trading Ideas | 19 Dividend Stocks at All-Time-Highs
· A Quick Overview Of The Highest Yielding Stocks From The S&P 500
· 14 Dividend Stocks Marking New 52-Week Highs
· The Fastest Growing Dividend Stocks In The Dow Jones Index
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If the company pays stable dividends, it should increase the expected total return for an investor. In order to eliminate stocks with higher risk, I screened only companies with a market capitalization over USD 2 billion. Submitted by Dividend Yield as part of our contributors program .
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Financial Analysis: The total debt represents 41.97 percent of the company's assets and the total debt in relation to the equity amounts to 135.60 percent. Financial Analysis: The total debt represents 42.77 percent of the company's assets and the total debt in relation to the equity amounts to 210.67 percent. Financial Analysis: The total debt represents 23.79 percent of the company's assets and the total debt in relation to the equity amounts to 45.64 percent.
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Selected Articles: · The Best Trading Ideas | 19 Dividend Stocks at All-Time-Highs · A Quick Overview Of The Highest Yielding Stocks From The S&P 500 · 14 Dividend Stocks Marking New 52-Week Highs · The Fastest Growing Dividend Stocks In The Dow Jones Index The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Submitted by Dividend Yield as part of our contributors program . New Breakout Stocks By Dividend Yield - Stock, Capital, Investment .
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New Breakout Stocks By Dividend Yield - Stock, Capital, Investment . The dividend yield amounts to 5.31 percent and the beta ratio has a value of 0.79. The dividend yield has a value of 4.96 percent.
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723076.0
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2012-11-29 00:00:00 UTC
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Top Dividend Stocks in the Industrial Goods Sector
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https://www.nasdaq.com/articles/top-dividend-stocks-industrial-goods-sector-2012-11-29
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Submitted by Value Stock Guide as part of our contributors program .
Top Dividend Stocks in the Industrial Goods Sector
Industrial goods sector is well represented in the list of the best dividend stocks as we prepare to enter 2013. Many well managed companies in this sector have continued to offer great dividend yields and at the same time grown their dividend in the last 5 years. As the economic recovery takes hold and accelerates next year and beyond, these stocks present compelling opportunities to invest for capital gains as well as income.
Here we will look at 5 of the total 10 stocks we have in our list.
Cummins Inc ( CMI ): Cummins Inc designs and manufactures diesel and natural gas engines, exhaust systems and other products for the OEM and aftermarket. The stock yields 2% dividend that has increased by an average of 32% in the last 5 years.
Raytheon Co ( RTN ): Raytheon is another cheap stock at 9.87 times earnings. The company provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as a range of mission support services in the United States and internationally. The 3.56% dividend yield is very nice and so is a 14.42% dividend growth in the last 5 years.
L-3 Communications Holdings Inc ( LLL ): L-3 Communications is primarily an Aerospance/Defence equipment and systems manufacturer and does work for the US government as well as aircraft manufacturers. The stock can be purchased at just 8.8 times earnings multiple, yields a 2.61% dividend that has grown by about 15% on average in the last 5 years.
Rockwell Automation ( ROK ): Rockwell Automation produces control systems such as motor starters, signalling devises, relays, starters and more. The stock is currently valued at 15.36 times earnings and yields 2.4% in dividends. The company has grown its dividend by 10.14% over the last 5 years. The company recently won a $21.7 million US Navy contract. The $11 B market value company carries $1.25 B in cash and has $1.06B in debt
Deere & Co ( DE ): Deere & Co. stock is being accumulated by Berkshire Hathaway. While the stock is cheap at 11 times earning, it is also benefitting from the squeeze in the agricultural commodities worldwide that can potentially help farming equipment manufacturers such as Deere. The stock yields 2.2% and the dividend has grown by an average of 12.97% in the last 5 years.
Any of these stocks can be a tremendous addition to an income investors portfolio to take advantage of further improvement in the industrial activity as the economy gathers steam.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the stock is cheap at 11 times earning, it is also benefitting from the squeeze in the agricultural commodities worldwide that can potentially help farming equipment manufacturers such as Deere. Submitted by Value Stock Guide as part of our contributors program . Top Dividend Stocks in the Industrial Goods Sector Industrial goods sector is well represented in the list of the best dividend stocks as we prepare to enter 2013.
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Top Dividend Stocks in the Industrial Goods Sector Industrial goods sector is well represented in the list of the best dividend stocks as we prepare to enter 2013. Rockwell Automation ( ROK ): Rockwell Automation produces control systems such as motor starters, signalling devises, relays, starters and more. Submitted by Value Stock Guide as part of our contributors program .
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Top Dividend Stocks in the Industrial Goods Sector Industrial goods sector is well represented in the list of the best dividend stocks as we prepare to enter 2013. Many well managed companies in this sector have continued to offer great dividend yields and at the same time grown their dividend in the last 5 years. The stock can be purchased at just 8.8 times earnings multiple, yields a 2.61% dividend that has grown by about 15% on average in the last 5 years.
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Top Dividend Stocks in the Industrial Goods Sector Industrial goods sector is well represented in the list of the best dividend stocks as we prepare to enter 2013. L-3 Communications Holdings Inc ( LLL ): L-3 Communications is primarily an Aerospance/Defence equipment and systems manufacturer and does work for the US government as well as aircraft manufacturers. While the stock is cheap at 11 times earning, it is also benefitting from the squeeze in the agricultural commodities worldwide that can potentially help farming equipment manufacturers such as Deere.
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723077.0
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2012-11-28 00:00:00 UTC
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Deere Invests to Enhance Seed Plant - Analyst Blog
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https://www.nasdaq.com/articles/deere-invests-to-enhance-seed-plant-analyst-blog-2012-11-28
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Deere & Company ( DE ) announced that it will invest $58 million to enhance operations at Moline, Illinois seeding plant, which is currently engaged in the manufacturing of planting equipment.
The plant manufactured its first planting equipment in 1877 and has been operational since 1879. The plant currently employs around 800 people. However, the investment will not have a material impact on total employment. The investment is in addition to a new factory master plan aimed at increasing efficiency and quality. Improvement will come in the form of a new paint system and increased usage of automation and robotics.
Deere's fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share in the prior-year quarter. Deere's worldwide total sales increased 14% year over year to $9.79 billion, beating the Zacks Consensus Estimate of $8.84 billion.
The Agriculture & Turf segment's sales increased 16% to $7.39 billion, attributable to higher shipment volumes and improved price realization, partially offset by a negative currency translation. Operating profit of the segment improved 7% to $931 million, attributable to higher shipment and improved price realization, partially offset by unfavorable effects of foreign currency exchange.
Deere expects equipment sales to grow around 10% in the first quarter of fiscal 2013 and 5% for the full year. Net income is projected at $3.2 billion for fiscal 2013. Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 4% in fiscal 2013. Higher commodity prices and strong farm incomes are expected boost demand for farm machinery during the year. Furthermore, Deere's sales are expected to benefit from global expansion and lines of advanced new equipment.
Region wise, Deere expects industry farm-machinery sales in the U.S. and Canada to remain flat year over year in 2013. In Europe, sales are projected to be down 5% due to continuing deterioration in the overall economy. Sales in the Commonwealth of Independent States are expected to witness modest growth.
The company has invested to expand its presence in both domestic and international market, and has been building capacity in China, India, and Brazil and continuously launched new products. Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong.
Furthermore, recent figures reveal that U.S. residential construction is finally stabilizing and is on the road to a much-awaited recovery. This, in turn, will improve demand for Deere's construction equipment going forward. However, continued weakness in the European markets remains a concern.
Deere retains a Zacks #3 Rank (short-term Hold rating). Illinois-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 competes with companies like AGCO Corporation ( AGCO ) 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
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 the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong. Deere & Company ( DE ) announced that it will invest $58 million to enhance operations at Moline, Illinois seeding plant, which is currently engaged in the manufacturing of planting equipment. Deere's fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share in the prior-year quarter.
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Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 4% in fiscal 2013. AGCO CORP (AGCO): 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 ) announced that it will invest $58 million to enhance operations at Moline, Illinois seeding plant, which is currently engaged in the manufacturing of planting equipment.
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Deere & Company ( DE ) announced that it will invest $58 million to enhance operations at Moline, Illinois seeding plant, which is currently engaged in the manufacturing of planting equipment. Deere's worldwide total sales increased 14% year over year to $9.79 billion, beating the Zacks Consensus Estimate of $8.84 billion. AGCO CORP (AGCO): 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.
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Deere's worldwide total sales increased 14% year over year to $9.79 billion, beating the Zacks Consensus Estimate of $8.84 billion. Deere expects equipment sales to grow around 10% in the first quarter of fiscal 2013 and 5% for the full year. Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 4% in fiscal 2013.
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7c38273d-e5a3-4bbe-9562-79ae6faaaa25
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723078.0
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2012-11-27 00:00:00 UTC
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4 New Buys From Warren Buffett | Berkshire Hathaway Q3/2012 Fund Portfolio Update
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DE
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https://www.nasdaq.com/articles/4-new-buys-warren-buffett-berkshire-hathaway-q32012-fund-portfolio-update-2012-11-27
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nan
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nan
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Submitted by Dividend Yield as part of our contributors program .
Warren Buffett - Berkshire Hathaway Q3/2012 Fund Investing Strategies By Dividend Yield - Stock Capital, Investment . Here is a current portfolio update of Warren Buffett's - Berkshire Hathaway - portfolio movements as of Q3/2012 (September 30, 2012). In total, he has 38 stocks with a total portfolio worth of USD 75.326 Billion. Buffett bought four new companies and added eight additional stocks. The most important buy were caused by Wells Fargo and Deere. WFC was increased by 2.8 percent. Both buys affect his portfolio only by around 0.5 percent. His stake in General Motors was doubled as well as the stake in National Oilwell Varco.
In return, Buffet sold three stocks completely and reduced ten additional stocks. The biggest change to his portfolio had Mondelez and Johnson & Johnson. Both affected his portfolio by more than one percent.
These are the new acquitions from Warren Buffett:
Deere & Company ( DE ) has a market capitalization of $33.68 billion. The company generates revenue of $32,012.50 million and has a net income of $2,799.20 million. The firm's EBITDA amounts to $5,903.20 million. The EBITDA margin is 18.44% (operating margin 13.19% and net profit margin 8.74%).
The total debt represents 55.16% of the company's assets and the total debt in relation to the equity amounts to 391.01%. Last fiscal year, a return on equity of 42.76% was realized. Twelve trailing months earnings per share reached a value of $7.51. Last fiscal year, the company paid $1.52 in form of dividends to shareholders.
Here are the price ratios of the company: The P/E ratio is 11.46, Price/Sales 1.06 and Price/Book ratio 5.15. Dividend Yield: 2.13%. The beta ratio is 1.56.
Precision Castparts ( PCP ) has a market capitalization of $25.73 billion. The company generates revenue of $7,214.60 million and has a net income of $1,217.60 million. The firm's EBITDA amounts to $1,985.60 million. The EBITDA margin is 27.52% (operating margin 25.12% and net profit margin 16.88%).
The total debt represents 1.97% of the company's assets and the total debt in relation to the equity amounts to 2.49%. Last fiscal year, a return on equity of 15.85% was realized. Twelve trailing months earnings per share reached a value of $9.09. Last fiscal year, the company paid $0.12 in form of dividends to shareholders.
Here are the price ratios of the company: The P/E ratio is 19.45, Price/Sales 3.56 and Price/Book ratio 3.07. Dividend Yield: 0.07%. The beta ratio is 1.27.
WABCO Holdings ( WBC ) has a market capitalization of $3.74 billion. The company generates revenue of $2,794.10 million and has a net income of $368.20 million. The firm's EBITDA amounts to $469.70 million. The EBITDA margin is 16.81% (operating margin 14.07% and net profit margin 13.18%).
The total debt represents 4.82% of the company's assets and the total debt in relation to the equity amounts to 13.32%. Last fiscal year, a return on equity of 71.44% was realized. Twelve trailing months earnings per share reached a value of $4.73. Last fiscal year, the company paid $0.00 in form of dividends to shareholders.
Here are the price ratios of the company: The P/E ratio is 12.50, Price/Sales 1.34 and Price/Book ratio 6.54. Dividend Yield: None. The beta ratio is 2.24.
Media General ( MEG ) has a market capitalization of $91.97 million. The company generates revenue of $616.21 million and has a net income of $-74.32 million. The firm's EBITDA amounts to $51.33 million. The EBITDA margin is 8.33% (operating margin -0.04% and net profit margin -12.06%).
The total debt represents 60.61% of the company's assets and the total debt in relation to the equity amounts to 1,938.61%. Last fiscal year, a return on equity of -75.12% was realized. Twelve trailing months earnings per share reached a value of $-2.71. Last fiscal year, the company paid $0.00 in form of dividends to shareholders.
Here are the price ratios of the company: The P/E ratio is not calculable, Price/Sales 0.18 and Price/Book ratio 2.69. Dividend Yield: None. The beta ratio is 2.97.
Take a closer look at the full porfolio and the latest buys and sells from Warren Buffett here.
Monthly Yield Fact Book | Yields Dividend Champions | Yields Dividend Contenders | Yields Dividend Challengers | High-Yield Large Cap | +10% Yielding Stocks |
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 are the new acquitions from Warren Buffett: Deere & Company ( DE ) has a market capitalization of $33.68 billion. Last fiscal year, the company paid $1.52 in form of dividends to shareholders. Last fiscal year, the company paid $0.00 in form of dividends to shareholders.
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Warren Buffett - Berkshire Hathaway Q3/2012 Fund Investing Strategies By Dividend Yield - Stock Capital, Investment . The total debt represents 55.16% of the company's assets and the total debt in relation to the equity amounts to 391.01%. The total debt represents 1.97% of the company's assets and the total debt in relation to the equity amounts to 2.49%.
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Here are the price ratios of the company: The P/E ratio is 11.46, Price/Sales 1.06 and Price/Book ratio 5.15. Dividend Yield: 2.13%. Here are the price ratios of the company: The P/E ratio is 19.45, Price/Sales 3.56 and Price/Book ratio 3.07. Dividend Yield: 0.07%. Last fiscal year, the company paid $0.00 in form of dividends to shareholders.
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Last fiscal year, the company paid $0.00 in form of dividends to shareholders. Submitted by Dividend Yield as part of our contributors program . Warren Buffett - Berkshire Hathaway Q3/2012 Fund Investing Strategies By Dividend Yield - Stock Capital, Investment .
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116e6684-96bc-4f90-ab1a-e7d20e1f5ca0
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723079.0
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2012-11-23 00:00:00 UTC
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Stock Market News for November 23, 2012 - Market News
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DE
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https://www.nasdaq.com/articles/stock-market-news-for-november-23-2012-market-news-2012-11-23
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nan
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nan
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Benchmarks finished with decent gains on Wednesday following announcement of ceasefire between Israel and Palestinian militants. Trading volumes were among the lowest this year owing to the Thanksgiving holiday on Thursday. Separately, initial claims dropped from the previous week, but were in line with the Street estimates. The Energy sector was the major gainer among S&P 500 industry groups.
The Dow Jones Industrial Average (DJI) surged 0.4% to close the day at 12,836.89. The Standard & Poor 500 (S&P 500) gained 0.2% to finish yesterday's trading session at 1,391.03. The tech-laden Nasdaq Composite Index rose 0.3% to end at 2,926.55. The fear-gauge CBOE Volatility Index (VIX) gained 1.5% to settle at 15.31. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 4.76 billion shares, significantly lower than the year-on-year daily average of 6.5 billion shares. Advancing stocks easily outpaced decliners on the NYSE; as for 65% stocks that rose, only 31% stocks moved lower.
A ceasefire declaration in Gaza to end the violence between Israel and the Palestinians lifted the U.S. stocks. Investors were concerned about the Middle East violence as it gave birth to apprehensions over oil supplies being affected. On the New York Mercantile Exchange, January crude oil future increased 63 cents to $87.38 per barrel.
The news helped energy sector emerge as the major gainer among S&P 500 industry groups and the Energy Select Sector SPDR gained 0.5%. Stocks such as Chevron Corporation (NYSE: CVX ), Exxon Mobil Corporation (NYSE: XOM ), TOTAL S.A. (NYSE: TOT ), ConocoPhillips (NYSE: COP ) and BP plc (NYSE: BP ) gained 0.5%, 0.6%, 0.5%, 0.8% and 0.9%, respectively.
The S&P 500 finished in the green for the fourth consecutive day. Benchmarks registered one of their lightest trading session of the year ahead of the Thanksgiving holiday on Thursday. This is a holiday-shortened week and stock markets will close at 1 P.M. on Friday.
The number of Americans filing for the unemployment benefits declined in the previous week according to the U.S. Department of Labor. According to the report, the advance figure of seasonally adjusted initial claims decreased by 41,000 to 410,000 for the week ending November 17 from the previous week's revised figure of 451,000. This was below the consensus estimates of 438,000.
Separately, Thomson Reuters/University of Michigan's final reading of consumer confidence data noted that the consumer confidence index increased slightly to 82.7 in November from 82.6 in October. The final reading has significantly dropped from the preliminary November reading of 84.9.
Coming to the corporate earnings, salesforce.com, inc. (NYSE: CRM ) surged 8.8% after the company reported better-than-expected third-quarter results. On the other hand, Deere & Company (NYSE: DE ) reported its fourth-quarter profit, which came below analysts' estimates. The company's shares fell 3.7% after the announcement of its quarterly results.
On the international front, Euro zone finance ministers, International Monetary Fund and European Central Bank met on Wednesday to discuss about the Greece debt crisis. However, they failed to reach any conclusion. After the meeting, IMF chief Christine Lagarde said: "It was progress but we have to do a little bit more". They will gain meet on next Monday.
On top of the disappointment in the Euro zone, investors also remained apprehensive about the impending "fiscal cliff". Investors have been worried about this issue since Election Day. The $600 billion deficit reduction plan is slated to come into effect at the beginning of 2013. If Washington fails to reach a deal regarding tax hikes and budget cuts, experts project that the economy may slip into another recession.
BP PLC (BP): Free Stock Analysis Report
CONOCOPHILLIPS (COP): Free Stock Analysis Report
SALESFORCE.COM (CRM): Free Stock Analysis Report
CHEVRON CORP (CVX): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TOTAL FINA SA (TOT): Free Stock Analysis Report
EXXON MOBIL CRP (XOM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If Washington fails to reach a deal regarding tax hikes and budget cuts, experts project that the economy may slip into another recession. Benchmarks finished with decent gains on Wednesday following announcement of ceasefire between Israel and Palestinian militants. The tech-laden Nasdaq Composite Index rose 0.3% to end at 2,926.55.
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BP PLC (BP): Free Stock Analysis Report CONOCOPHILLIPS (COP): Free Stock Analysis Report SALESFORCE.COM (CRM): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TOTAL FINA SA (TOT): Free Stock Analysis Report EXXON MOBIL CRP (XOM): Free Stock Analysis Report To read this article on Zacks.com click here. Benchmarks finished with decent gains on Wednesday following announcement of ceasefire between Israel and Palestinian militants. The tech-laden Nasdaq Composite Index rose 0.3% to end at 2,926.55.
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BP PLC (BP): Free Stock Analysis Report CONOCOPHILLIPS (COP): Free Stock Analysis Report SALESFORCE.COM (CRM): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TOTAL FINA SA (TOT): Free Stock Analysis Report EXXON MOBIL CRP (XOM): Free Stock Analysis Report To read this article on Zacks.com click here. Benchmarks finished with decent gains on Wednesday following announcement of ceasefire between Israel and Palestinian militants. The tech-laden Nasdaq Composite Index rose 0.3% to end at 2,926.55.
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Advancing stocks easily outpaced decliners on the NYSE; as for 65% stocks that rose, only 31% stocks moved lower. Benchmarks finished with decent gains on Wednesday following announcement of ceasefire between Israel and Palestinian militants. The tech-laden Nasdaq Composite Index rose 0.3% to end at 2,926.55.
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dab717aa-939d-4b2e-9905-48efad11c124
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723080.0
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2012-11-23 00:00:00 UTC
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CNH Global Favors Fiat Merger - Analyst Blog
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DE
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https://www.nasdaq.com/articles/cnh-global-favors-fiat-merger-analyst-blog-2012-11-23
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nan
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nan
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CNH Global N.V. (CNH) recently responded positively to the increased merger proposal from Fiat Industrial.
Two days ago, CNH received a revised merger proposal from Fiat Industrial S.p.A. (FI). According to news source Reuters, Fiat Industrial has raised the merger offer by 25.6% for the remaining 12% stake. Fiat Industrial already owns 88% of CNH Global.
The company stated that the Special Committee of the Board of Directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard. The legal advisors for the transaction are Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Bonelli Erede Pappalardo.
The Special Committee is in favour of the increased offer from Fiat Industrial regarding the proposed strategic merger with CNH and has directed its advisors to work with Fiat to execute the transaction based on the revised offer.
The merger proposal was put forward by Fiat Industrial in May this year with an objective of creating a single company with a single trading stock.
In July, CNH Global formed a special committee of independent directors, including Thomas J. Colligan, Edward A. Hiler, Rolf M. Jeker, Kenneth Lipper and Jacques Theurillat, to evaluate the merger proposal.
Consequently, the merger of CNH and Fiat will result in the formation of a new company in the Netherlands. The shareholders of CNH Global would receive 3.82 shares of the new company for each CNH share while FI shareholders would receive one share of new company share for each FI share held. The shareholders of CNH will also be paid a $10 cash dividend per CNH share before the merger.
Fiat Industrial had earlier affirmed that the merger will not lead to any attrition or hamper the ongoing operations of the company.
The company's primary competitors include big players such as Caterpillar Inc. ( CAT ) and Deere & Company ( DE ). We believe the merger will be a profitable venture as both companies sustain a formidable position in the industries where they operate. Further, the merger will unite their strengths and elevate their position in the global economy.
We maintain a Neutral recommendation on CNH GLOBAL NV. Our recommendation is supported by a Zacks #3 Rank, which translates into a short-term rating of Hold.
CATERPILLAR INC (CAT): 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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The company stated that the Special Committee of the Board of Directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard. The legal advisors for the transaction are Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Bonelli Erede Pappalardo. In July, CNH Global formed a special committee of independent directors, including Thomas J. Colligan, Edward A. Hiler, Rolf M. Jeker, Kenneth Lipper and Jacques Theurillat, to evaluate the merger proposal.
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The shareholders of CNH Global would receive 3.82 shares of the new company for each CNH share while FI shareholders would receive one share of new company share for each FI share held. CATERPILLAR INC (CAT): 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. CNH Global N.V. (CNH) recently responded positively to the increased merger proposal from Fiat Industrial.
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CNH Global N.V. (CNH) recently responded positively to the increased merger proposal from Fiat Industrial. The shareholders of CNH Global would receive 3.82 shares of the new company for each CNH share while FI shareholders would receive one share of new company share for each FI share held. The company stated that the Special Committee of the Board of Directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard.
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CNH Global N.V. (CNH) recently responded positively to the increased merger proposal from Fiat Industrial. The company stated that the Special Committee of the Board of Directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard. The legal advisors for the transaction are Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Bonelli Erede Pappalardo.
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83c08a00-5636-471a-9a0a-04df0cfa3943
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723081.0
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2012-11-21 00:00:00 UTC
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Greece, Retail Issues Ahead of Turkey Day - Analyst Blog
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DE
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https://www.nasdaq.com/articles/greece-retail-issues-ahead-turkey-day-analyst-blog-2012-11-21
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nan
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nan
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Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. On the home front, the weekly Jobless Claims data dropped, but remained elevated due to lingering effects of the East Coast storms. But all of this will likely not have much bearing on today's trading session due to thin volumes ahead of the Thanksgiving holiday.
We also have the final read for the University of Michigan sentiment survey for November coming out a little later, with the measure expected to reach its highest level since 2007. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue.
Weekly Jobless Claims numbers dropped 41K last week 410K from an upward revised 451K (originally reported at 439K). The four-week average, which smoothes out week-to-week volatility, increased by 9.5K to 396.3K. As was the case last week, the claims data is still showing Sandy-related distortions. We will have to wait a few more weeks to get 'cleaner' jobless claims data undistorted by the storm.
The third quarter earnings season is coming to a close, though we still have a handful of companies still to report results. Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500.
Total earnings for these companies are up 0.1% from the same period last year, with 62.2% of the total beating earnings expectations. Total revenues for these companies are down 0.6% and only 38.9% have come out with positive revenue surprises.
This has been the weakest quarterly earnings season since the current earnings cycle got underway in 2009. Estimates for the fourth quarter have come down since the third quarter reporting season got underway, but expectations for 2013 still remain elevated.
SALESFORCE.COM (CRM): 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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This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue. Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500.
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Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. SALESFORCE.COM (CRM): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money.
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Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue.
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Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue.
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4084ce81-8de6-476a-9971-a243f1121894
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723082.0
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2012-11-21 00:00:00 UTC
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Ahead of Wall Street - November 21, 2012 - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/ahead-wall-street-november-21-2012-ahead-wall-street-2012-11-21
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nan
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nan
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Wednesday, November 21, 2012
Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. On the home front, the weekly Jobless Claims data dropped, but remained elevated due to lingering effects of the East
Coast storms. But all of this will likely not have much bearing on today's trading session due to thin volumes ahead of the Thanksgiving holiday.
We also have the final read for the University of Michigan sentiment survey for November coming out a little later, with the measure expected to reach its highest level since 2007. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue.
Weekly Jobless Claims numbers dropped 41K last week 410K from an upward revised 451K (originally reported at 439K). The four-week average, which smoothes out week-to-week volatility, increased by 9.5K to 396.3K. As was the case last week, the claims data is still showing Sandy-related distortions. We will have to wait a few more weeks to get 'cleaner' jobless claims data undistorted by the storm.
The third quarter earnings season is coming to a close, though we still have a handful of companies still to report results. Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com 's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. Total earnings for these companies are up 0.1% from the same period last year, with 62.2% of the total beating earnings expectations. Total revenues for these companies are down 0.6% and only 38.9% have come out with positive revenue surprises.
This has been the weakest quarterly earnings season since the current earnings cycle got underway in 2009. Estimates for the fourth quarter have come down since the third quarter reporting season got underway, but expectations for 2013 still remain elevated.
Sheraz Mian
Director of Research
SALESFORCE.COM (CRM): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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, November 21, 2012 Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue. Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com 's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500.
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Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com 's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. Sheraz Mian Director of Research SALESFORCE.COM (CRM): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here. Wednesday, November 21, 2012 Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money.
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Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com 's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. Wednesday, November 21, 2012 Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue.
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Including this morning's negative surprise from Deere & Company ( DE ) and Salesforce.com 's ( CRM ) positive surprise after the close on Tuesday, we have results from 489 companies in the S&P 500. Wednesday, November 21, 2012 Greece needs more funds to keep its bailout on track and European leaders couldn't agree today how to provide the beleaguered nation with more money. This is a positive sign for the holiday shopping season, but makes one wonder why consumers are in such upbeat mood if the business community is supposedly on edge due to the looming 'Fiscal Cliff' issue.
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0b1da991-bb72-4595-9bd2-368a6ae470a5
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723083.0
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2012-11-21 00:00:00 UTC
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Market Wrap-Up for Nov.21 (DE, SCHL, AAPL, WMT, STJ, more)
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DE
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https://www.nasdaq.com/articles/market-wrap-nov21-de-schl-aapl-wmt-stj-more-2012-11-21
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nan
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nan
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The day before Thanksgiving saw the averages push higher as volume slowly disappeared once the afternoon session started winding down. .
We are starting to hear our first previews of what "Black Friday" may look like sales-wise, as well as other reports questioning if Wal-Mart Stores ( WMT ) is "evil" for opening on Thanksgiving. I'll leave that impression up to my readers, but I do have some comments about the whole "Black Friday" hoopla below.
As for the markets, we were focusing on earnings plays like Deere & Co. ( DE ), and Scholastic Corp ( SCHL ) which saw strong selling on their reports. We were also keeping tabs on how Apple ( AAPL ) traded, and how much of the recent bounce the share price will be able to maintain. It's mostly a psychological tell for us as we take the temperature of the markets and whether the retail/institutional investor will end up drawing lines in the sand defending their position in the most popular and most widely owned investment idea on the planet. It was a tough day for shares of St. Jude Medical ( STJ ) as the company's stock sank 12% on concerns over the company's recent heart device product.
Sell Call on Former Recommendation
Be sure to check out the latest update on a stock we think could be facing some tough headwinds in the years ahead and why investors may want to use any rallies to ring the register and move out of the stock.
The Fallacy of Black Friday
As consumers get set to make a break for the stores this Friday (some will be open Thursday night to help those who may have eaten a bit too much digest a bit better) and get the "deals of a lifetime," the reality is the prices seen on Friday will likely be even better if people wait one extra week and not have to scramble like lunatics. I get the idea that people love to do the Black Friday experience because they will save some more money than maybe they would have otherwise, but if they just stepped back and looked at the reality of the economics of their decision, they probably wouldn't spend Thanksgiving worrying about the next event.
In life, we don't get too many chances to be around our extended family and catch up on how life is outside our own little circle. That's what holidays are for. Sure, we'll be shaking our heads at times at what we hear, but it's our family, we expect them to be all over the map when we don't see people for a long time. Pay no mind to the media inciting the shopping chaos. They know no better and are simply pumping up the advertisers that help keep them in business.
It's a Bull, No It's a Bear, No It's a Bull…
Despite how un-listenable business media can be these days, we know there are multitudes of investors tuned in looking for guidance. For investors, perhaps the most important factor is finding reliable sources of information that help you formulate your investing strategy. The mainstream business media is loaded with all sorts of "gurus" - from those who advise on how the markets will perform in the next 5 hours, to those who specialize in specific industries or sectors. And then you have the economists, whose aim is to predict how consumers will be affected from the recent monetary twists and turns. Throw in anchors that take it upon themselves to defend every market drop as an over-reaction, until the selling intensifies and they start asking the experts if investors should be selling. Tune in several days later and any rally will be taken as a sign the bull market is roaring once again. Once the buying goes on for several days, they will bring on the "how high can these markets" go super-optimists. The word "manic" can't do this sort of coverage any justice.
If you wind up listening to the wrong guru for your overall investment strategy, i.e. one who doesn't fit your personal objectives, you'll undoubtedly be disappointed by your results. The same concept applies to life in general. Surround yourself with people who spew shallow opinions with little relevant facts to back up their take, and sooner or later you will likely become a member of this traveling band of misguided observers.
Our Dividend.com users are a very hands-on bunch, as we found out from a recent survey we did on the website. We asked how many of our subscribers handle their own investments, without the aid of an investment advisor or full-service broker. An overwhelming 80.5% indicated they did not use an advisor to help guide their investments.
Our stance has always been that most people are fully able to make their own investment decisions, especially when they use the simple dividend investing strategy we advocate here at Dividend.com. Of course, that doesn't mean you should never consider speaking with a financial planner or estate attorney during times when their particular expertise can be of great use.
You'd be surprised at how people well people can do for themselves when they put the right strategy and knowledge into practice!
An Important Note Regarding the Best Dividend Stocks List
We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. If and when a stock is removed from the list, we will clearly state whether the stock should be sold (which is rare but occasionally will happen), or simply held in one's account until we see a better entry point or catalyst.
And here's one last thing to remember about what we do here at Dividend.com: it's not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!
A Dividend Capture Strategy for Active Investors
We now offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on "Dividend Capture" trading strategies should have plenty of good stuff to research each day. Just check our enhanced Ex-Dividend Calendar , which is the best in the business, to search for upcoming payouts.
Speaking of dividend capture, Dividend.com Premium members can also access a 9-page report we published on the essential elements to any successful dividend capture strategy. Be sure to check it out here on the Premium homepage .
Thanks for reading everybody. I'll see you tomorrow!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's mostly a psychological tell for us as we take the temperature of the markets and whether the retail/institutional investor will end up drawing lines in the sand defending their position in the most popular and most widely owned investment idea on the planet. I get the idea that people love to do the Black Friday experience because they will save some more money than maybe they would have otherwise, but if they just stepped back and looked at the reality of the economics of their decision, they probably wouldn't spend Thanksgiving worrying about the next event. I'll leave that impression up to my readers, but I do have some comments about the whole "Black Friday" hoopla below.
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A Dividend Capture Strategy for Active Investors We now offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on "Dividend Capture" trading strategies should have plenty of good stuff to research each day. Speaking of dividend capture, Dividend.com Premium members can also access a 9-page report we published on the essential elements to any successful dividend capture strategy. I'll leave that impression up to my readers, but I do have some comments about the whole "Black Friday" hoopla below.
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The Fallacy of Black Friday As consumers get set to make a break for the stores this Friday (some will be open Thursday night to help those who may have eaten a bit too much digest a bit better) and get the "deals of a lifetime," the reality is the prices seen on Friday will likely be even better if people wait one extra week and not have to scramble like lunatics. An Important Note Regarding the Best Dividend Stocks List We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on. A Dividend Capture Strategy for Active Investors We now offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on "Dividend Capture" trading strategies should have plenty of good stuff to research each day.
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Throw in anchors that take it upon themselves to defend every market drop as an over-reaction, until the selling intensifies and they start asking the experts if investors should be selling. Our stance has always been that most people are fully able to make their own investment decisions, especially when they use the simple dividend investing strategy we advocate here at Dividend.com. An Important Note Regarding the Best Dividend Stocks List We want to make sure everyone understands that the stocks on our Best Dividend Stocks List are the names we currently like for new investor capital, regardless of what date the stock was first recommended on.
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d4e6fda4-bc3b-49bb-bf26-a2439d5170f8
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723084.0
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2012-11-21 00:00:00 UTC
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Deere's EPS Misses, Revenue Beats - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deeres-eps-misses-revenue-beats-analyst-blog-2012-11-21
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nan
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nan
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Deere & Company's ( DE ) fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share earned in the prior-year quarter. However, reported earnings missed the Zacks Consensus Estimate of $1.88 per share.
Operational Update
Deere's worldwide total sales increased 14% year over year to $9.79 billion, beating the Zacks Consensus Estimate of $8.84 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $9.05 billion, a 14% year-over-year increase including a price rise of 4% and an unfavorable currency translation effect of 3%. Region-wise, equipment net sales were up 26% in the United States and Canada, but decreased 2% in rest of the world.
Cost of sales in the quarter climbed 15% to $6.84 billion. Operating profit improved 8% year over year to $1.24 billion in the quarter.
Segment Performance
The Agriculture & Turf segment's sales increased 16% to $7.39 billion, attributable to higher shipment volumes and improved price realization, partially offset by a negative currency translation. Operating profit of the segment improved 7% to $931 million. The increase in operating profit was based on higher shipment and improved price realization, partially offset by unfavorable effects of foreign currency exchange.
Construction & Forestry experienced a year-over-year sales improvement of 7% to $1.65 billion, ascribed to higher shipment volumes and improved price realization. The segment operating profit increased 38% year over year to $120 million, driven by higher shipment and improved price realization, partially offset by higher production and raw material costs along with higher Selling, General and Administrative and Research and Development expenses.
Net revenue at Deere's Financial Services operations was $633 million in the reported quarter, up 3% year over year. Net income in this segment was $121.7 million, down from $122.1 million in the year-ago quarter. Results decreased year over year on higher SG&A expenses, narrow financial spreads, higher provision for credit losses and higher reserves for crop insurance claims.
Fiscal 2012 Performance
Deere reported earnings per share of $7.63 in fiscal 2012, up 15% from $6.63 per share a year ago. Earnings missed the Zacks Consensus Estimate of $7.76 per share. Total sales increased 13% year over year to $36.15 billion, beating the Zacks Consensus Estimate of $33.476 billion.
Financial Position
At the end of fiscal 2012, Deere had cash and cash equivalents of $4.65 billion, up from $3.65 billion as of fiscal 2011 end. Long-term borrowings increased to $22.4 billion at fiscal 2012 end from $16.9 billion at fiscal 2011 end. The company generated net cash flow from operating activities of $1.17 billion during fiscal 2012 compared with $2.236 billion in the prior fiscal.
Looking Forward
Deere expects equipment sales to grow around 10% in the first quarter of fiscal 2013 and 5% for the full year. Net income is projected at $3.2 billion for fiscal 2013.
Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow 4% in fiscal 2013. Higher commodity prices and strong farm incomes are expected boost demand for farm machinery during the year. Furthermore, Deere's sales are expected to benefit from global expansion and lines of advanced new equipment.
Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to remain flat year over year in 2013. In Europe, sales in projected to be down 5% due to continuing deterioration in the overall economy. Sales in the Commonwealth of Independent States are expected to witness modest growth.
Sales in Asia are expected to be flat compared with 2012, due to soft markets in China and India. In South America, industry sales are expected to be up 10% due favorable commodity prices. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be up 5%.
Construction and Forestry equipment are expected to improve 8% for 2013, driven by modest improvement in the U.S. economic conditions. World forestry markets are expected to remain flat year over year due to weakness in the European markets. Net income from Financial Services is estimated at around $500 million.
Our View
The company has invested in expanding its presence abroad, and has been building capacity in China, India, and Brazil and continued to roll out new products. Given the increased global demand for food, shelter and infrastructure, we believe that the long-term outlook for Deere remains strong.
Recent figures suggest a turnaround in the construction sector. According to the American Institute of Architects, after languishing in the negative territory for five consecutive months, the architecture billing index (ABI) climbed back into the positive territory with a score of 50.2 in August. ABI is an economic indicator, which provides an approximate nine- to twelve-month glimpse into the future of non-residential construction spending activity and any score of above 50 is significant as it indicates an increase in billings.
In September, the score further improved to 51.6, the highest in nearly two years. Both housing starts and building permits were record high in four years. These figures are reflective of the fact that U.S. residential construction is finally stabilizing and is on the road to a much-awaited recovery. This, in turn, will improve demand for Deere's construction equipment going forward. However, continued weakness in the European markets remains a concern.
Deere retains a Zacks #3 Rank (short-term Hold rating). Illinois-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 competes with companies like AGCO Corporation ( AGCO ) 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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company's ( DE ) fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share earned in the prior-year quarter. Operational Update Deere's worldwide total sales increased 14% year over year to $9.79 billion, beating the Zacks Consensus Estimate of $8.84 billion. Region-wise, equipment net sales were up 26% in the United States and Canada, but decreased 2% in rest of the world.
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The segment operating profit increased 38% year over year to $120 million, driven by higher shipment and improved price realization, partially offset by higher production and raw material costs along with higher Selling, General and Administrative and Research and Development expenses. Deere competes with companies like AGCO Corporation ( AGCO ) 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 To read this article on Zacks.com click here. Deere & Company's ( DE ) fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share earned in the prior-year quarter.
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Operational Update Deere's worldwide total sales increased 14% year over year to $9.79 billion, beating the Zacks Consensus Estimate of $8.84 billion. The segment operating profit increased 38% year over year to $120 million, driven by higher shipment and improved price realization, partially offset by higher production and raw material costs along with higher Selling, General and Administrative and Research and Development expenses. Deere & Company's ( DE ) fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share earned in the prior-year quarter.
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Net revenue at Deere's Financial Services operations was $633 million in the reported quarter, up 3% year over year. Construction and Forestry equipment are expected to improve 8% for 2013, driven by modest improvement in the U.S. economic conditions. Deere & Company's ( DE ) fourth quarter fiscal 2012 earnings came in at $1.75 per share compared with $1.62 per share earned in the prior-year quarter.
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723085.0
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2012-11-20 00:00:00 UTC
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Earnings Preview: Deere & Company - Analyst Blog
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DE
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https://www.nasdaq.com/articles/earnings-preview%3A-deere-company-analyst-blog-2012-11-20
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nan
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nan
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Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2012 results on November 21, 2012. The current Zacks Consensus Estimate for the quarter is $1.88, reflecting a year-over-year growth of 16%.
The Zacks Consensus Estimate for the current fiscal stands at $7.76, an estimated annual growth of 17%. The Zacks Consensus revenue estimate is $8842 million for the quarter and $33.476 billion for fiscal 2012.
With respect to earnings surprise, Deere has outperformed the Zacks Consensus Estimate in three of the last four quarters. The average earnings surprise was 1.45%, implying that the company has surpassed the Zacks Consensus Estimate by the same magnitude over the same period.
Previous Quarter Recap
Deere's third quarter fiscal 2012 earnings were $1.98 per share compared with $1.69 per share earned a year ago. Earnings missed the Zacks Consensus Estimate of $2.32 per share. Deere's worldwide sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion.
Looking Forward
Deere expects equipment sales to grow around 13%, down from 15% in fiscal 2012. The guidance includes an unfavorable currency-translation impact of 4% for the quarter and 3% for the year. Net income is projected at $3.1 billion, down from the previous expectation of $3.35 billion.
Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 13%, down from the previous guidance of 15% for full-year 2012, which includes a 4% negative impact of foreign currency translation.
Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow by more than 10% for 2012. While sales in Western and Central Europe are expected to be flat; sales in the Commonwealth of Independent States are expected to witness strong growth. Growth in Asia is expected to be down moderately due to soft markets in China and India.
In South America industry sales are expected to be down by 5%-10%, due to uncertainty and drought conditions prevailing in Argentina. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be flat to up 5%, driven by drought conditions in the U.S.
Construction and Forestry equipment are expected to improve 17% for 2012, while world forestry markets would be flat year over year. Net income from Financial Services is estimated at $450 million, down from $465 million projected earlier.
Estimate Revision Trend
For the fourth quarter of fiscal 2012, of the 16 estimates available, two and one estimates have been revised upward in the last 30 days and 7 days, respectively. For the fiscal 2012, of the 18 estimates available for Deere, only one estimate has gone up in the past 30 days and in the past seven days. The lack of any major movement in estimates suggests the absence of any major catalyst driving the quarter's results.
Magnitude of Estimate Revisions
The consensus earnings estimate for the fourth quarter of fiscal 2012 inched up a cent to $1.88 in last 7 days. Estimates also grew by a penny over the last 30 days. For fiscal 2012, there were no movement is estimates in the last 7 and 30 day period.
Our View
The United States Department of Agriculture forecasts net farm income to exceed $122 billion and net cash income is envisaged to go beyond $139 billion in 2012. These forecasts, if realized, represent all-time record levels.
Furthermore, recent figures suggest a turnaround in the construction sector. According to the American Institute of Architects, after languishing in the negative territory for five consecutive months, the architecture billing index (ABI) climbed back into the positive territory with a score of 50.2 in August. ABI is an economic indicator which provides an approximate nine- to twelve-month glimpse into the future of non-residential construction spending activity and any score of above 50 is significant as it indicates an increase in billings.
In September, the score further improved to 51.6, the highest in nearly two years. Both housing starts and building permits were record high in four years. These figures are reflective of the fact that U.S. residential construction is finally stabilizing and is on the road to a much awaited recovery. This, in turn, will improve demand for Deere's construction equipment going forward.
Due to production hang-ups, delivery of some farm gear was delayed in the third quarter. This led to some farmers cancelling their orders as the equipment wouldn't have arrived before the harvest. Thus inventory levels increased and remain a headwind for the company in the fourth quarter.
However, margin expansion will be constrained in the next quarter given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses. The new products introduced by Deere have to comply with the stringent engine emission regulations in North America and Europe. Deere expects the cost in fiscal 2012 to be $475 million higher than the fiscal 2011 levels, thereby, contracting margins.
Deere retains a Zacks #3 Rank (short-term Hold rating). Illinois-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 competes with companies like AGCO Corporation ( AGCO ) 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
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 average earnings surprise was 1.45%, implying that the company has surpassed the Zacks Consensus Estimate by the same magnitude over the same period. Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 13%, down from the previous guidance of 15% for full-year 2012, which includes a 4% negative impact of foreign currency translation. However, margin expansion will be constrained in the next quarter given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses.
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Deere's worldwide sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion. Deere competes with companies like AGCO Corporation ( AGCO ) 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 To read this article on Zacks.com click here. Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2012 results on November 21, 2012.
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Deere's worldwide sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion. Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2012 results on November 21, 2012. With respect to earnings surprise, Deere has outperformed the Zacks Consensus Estimate in three of the last four quarters.
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Deere's worldwide sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion. Magnitude of Estimate Revisions The consensus earnings estimate for the fourth quarter of fiscal 2012 inched up a cent to $1.88 in last 7 days. Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2012 results on November 21, 2012.
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ebebff4f-649d-4cc8-9760-fa946f036e4c
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723086.0
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2012-11-20 00:00:00 UTC
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Pre-Market Earnings Report for November 21, 2012 : DE, DCI, TNP
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-november-21-2012-de-dci-tnp-2012-11-20
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The following companies are expected to report earnings prior to market open on 11/21/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending October 31, 2012. The farm machinery company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.87. This value represents a 15.43% increase compared to the same quarter last year. DE missed the consensus earnings per share in the 3rd calendar quarter by -14.29%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 11.11 vs. an industry ratio of 12.60.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2012. The pollution control company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.34. This value represents a -24.44% decrease compared to the same quarter last year. In the past year DCI has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DCI is 18.81 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Tsakos Energy Navigation Ltd ( TNP ) is reporting for the quarter ending September 30, 2012. The shipping company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.19. This value represents a -63.46% decrease compared to the same quarter last year. TNP missed the consensus earnings per share in the 3rd calendar quarter by -23.81%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TNP is -5.87 vs. an industry ratio of -0.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Company ( DE ) is reporting for the quarter ending October 31, 2012. DE missed the consensus earnings per share in the 3rd calendar quarter by -14.29%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 11.11 vs. an industry ratio of 12.60.
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Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 11.11 vs. an industry ratio of 12.60. Deere & Company ( DE ) is reporting for the quarter ending October 31, 2012. DE missed the consensus earnings per share in the 3rd calendar quarter by -14.29%.
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Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 11.11 vs. an industry ratio of 12.60. Deere & Company ( DE ) is reporting for the quarter ending October 31, 2012. DE missed the consensus earnings per share in the 3rd calendar quarter by -14.29%.
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DE missed the consensus earnings per share in the 3rd calendar quarter by -14.29%. Deere & Company ( DE ) is reporting for the quarter ending October 31, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 11.11 vs. an industry ratio of 12.60.
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723087.0
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2012-11-20 00:00:00 UTC
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CNH Receives Revised Offer from Fiat - Analyst Blog
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DE
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https://www.nasdaq.com/articles/cnh-receives-revised-offer-from-fiat-analyst-blog-2012-11-20
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nan
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CNH Global N.V. ( CNH ) recently announced that it has received a revised merger proposal from Fiat Industrial S.p.A. (FI).
Hence, the Special Committee of the board of directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard. The legal advisors for the transaction are Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Bonelli Erede Pappalardo.
According to news source Reuters, Fiat Industrial has raised the merger offer by 25.6% for the remaining 12% stake.
In July, CNH Global formed a special committee of independent directors, including Thomas J. Colligan, Edward A. Hiler, Rolf M. Jeker, Kenneth Lipper and Jacques Theurillat, to evaluate the merger proposal.
The merger proposal was put forward by Fiat Industrial in May this year with an objective of creating a single company with a single trading stock. Thereafter, the merger will form a company worth nearly $13 billion and listed in the New York Stock Exchange and a secondary listing at The Netherlands.
As per the proposal, Fiat Industrial intends to ameliorate the state of affairs by conflating CNH Global with Fiat Industrial to create one unique firm, devoid of various complexities.
Fiat Industrial, which currently owns 88% of CNH Global, affirmed that the merger will not lead to attrition or hamper the ongoing operations of the company.
The company's primary competitors include big players such as Caterpillar Inc. ( CAT ) and Deere & Company ( DE ). We believe the merger will be quite a profitable venture as both companies sustain a formidable position in the industries, where they operate. Further, the merger will unite their strengths and elevate their position in the global economy.
We maintain a Neutral recommendation on CNH GLOBAL NV. Our recommendation is supported by a Zacks #3 Rank, which translates into a short-term rating of Hold.
CATERPILLAR INC (CAT): 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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The legal advisors for the transaction are Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Bonelli Erede Pappalardo. In July, CNH Global formed a special committee of independent directors, including Thomas J. Colligan, Edward A. Hiler, Rolf M. Jeker, Kenneth Lipper and Jacques Theurillat, to evaluate the merger proposal. Hence, the Special Committee of the board of directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard.
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In July, CNH Global formed a special committee of independent directors, including Thomas J. Colligan, Edward A. Hiler, Rolf M. Jeker, Kenneth Lipper and Jacques Theurillat, to evaluate the merger proposal. CATERPILLAR INC (CAT): 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. Hence, the Special Committee of the board of directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard.
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As per the proposal, Fiat Industrial intends to ameliorate the state of affairs by conflating CNH Global with Fiat Industrial to create one unique firm, devoid of various complexities. CATERPILLAR INC (CAT): 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. Hence, the Special Committee of the board of directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard.
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Hence, the Special Committee of the board of directors will consider the revised proposal in consultation with its financial and legal advisors; J.P. Morgan and Lazard. As per the proposal, Fiat Industrial intends to ameliorate the state of affairs by conflating CNH Global with Fiat Industrial to create one unique firm, devoid of various complexities. The legal advisors for the transaction are Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Bonelli Erede Pappalardo.
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723088.0
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2012-11-19 00:00:00 UTC
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Year-End Rally? Not Out of the Question
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DE
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https://www.nasdaq.com/articles/year-end-rally-not-out-question-2012-11-19
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nan
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nan
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Could it possibly be? At a time when headlines are dire, are major averages on the verge of a rally into the end of the year?
It's too early to say at this point, but deviant markets tend to rally when it's least expected so be open to the possibility.
Monday marked the second day of a rally attempt for the indices after a bullish session Friday that saw major averages finish near session highs. Volume came in higher than Thursday but was skewed somewhat by options expiration. Still, it was a solid session all around. A big percentage gain for the major averages in higher volume on the fourth day or later of the rally attempt would be a legitimate buy signal and confirmation of a new uptrend.
Don't forget it's a shortened week of trading this week. The market will be closed Thursday for Thanksgiving, with a half day of trading on Friday. It'll most likely be a quiet week volume-wise, but three high-quality names with outstanding fundamentals report earnings this week. Strong results could result in renewed buying demand.
Headed into Monday, Chico's FAS (NYSE: CHS ) was only nine percent off its recent high. The women's retailer reports earnings Tuesday before the open. Its weekly chart shows some erratic price swings recently which has weakened its technical picture, but there's still a chance for a solid quarter because it's a well-run company with a consistent track record of execution.
In August, the company reported profit of $0.28 a share, up 32 percent from a year ago. Sales rose 16 percent to $641.7 million. Sales at its Chico's/Soma Intimates rose 11 percent to $415 million. White House/Black Market increased 10 percent to $194 million.
This time around, quarterly profit is expected to rise 22 percent to $0.22 a share with sales up 18 percent to $644 million.
Meanwhile, cloud computing and customer relationship management bellwether Salesforce.com (NYSE: CRM ) reports Tuesday after the close. It's expected to earn $0.32 a share, down six percent from a year ago but look for another strong quarter of top-line growth with sales up 33 percent to $776.5 million. Salesforce.com has always sold at a premium valuation but it's deserved because of blistering growth. Annual earnings growth is expected to slow a bit this year, up seven percent from 2011, but accelerate in 2013, up 33 percent from 2012.
The stock's recent pullback has been fairly well contained. Headed into today, it was only 12 percent off its recent high. It could start building the right side its base soon if new money starts to come in from the sidelines.
Finally, agricultural equipment maker Deere & Company (NYSE: DE ) has climbed to within five percent of its 52-week high and continues to hold gains nicely ahead of its earnings report Wednesday before the open. Most of its recent gains have come in average or below-average volume which means that institutional investors have not been the fuel behind the buying.
Still, its relative price strength lately says the market's expecting a strong quarter. The consensus estimate calls for profit of $1.88, up 16 percent from a year ago. Sales are seen rising 12 percent to $8.8 billion.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Finally, agricultural equipment maker Deere & Company (NYSE: DE ) has climbed to within five percent of its 52-week high and continues to hold gains nicely ahead of its earnings report Wednesday before the open. It's too early to say at this point, but deviant markets tend to rally when it's least expected so be open to the possibility. Strong results could result in renewed buying demand.
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It's too early to say at this point, but deviant markets tend to rally when it's least expected so be open to the possibility. Strong results could result in renewed buying demand. Headed into Monday, Chico's FAS (NYSE: CHS ) was only nine percent off its recent high.
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It's too early to say at this point, but deviant markets tend to rally when it's least expected so be open to the possibility. Strong results could result in renewed buying demand. Headed into Monday, Chico's FAS (NYSE: CHS ) was only nine percent off its recent high.
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It's too early to say at this point, but deviant markets tend to rally when it's least expected so be open to the possibility. Strong results could result in renewed buying demand. Headed into Monday, Chico's FAS (NYSE: CHS ) was only nine percent off its recent high.
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fd6f7ef1-3469-49ec-8e5c-36dc0e4e35f1
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723089.0
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2012-11-19 00:00:00 UTC
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Lindsay Poised at Neutral - Analyst Blog
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DE
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https://www.nasdaq.com/articles/lindsay-poised-at-neutral-analyst-blog-2012-11-19
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nan
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nan
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We reiterate our Neutral recommendation on Lindsay Corporation ( LNN ), the leading maker of self-propelled center pivot and lateral move irrigation systems. Though the new Highway Bill will provide funds through 2014, leading to a ramp up in the infrastructural business, any delay in the highly capital intensive highway projects will negatively impact pricing.
Lindsay's fourth-quarter fiscal 2012 earnings of 68 cents per share missed the Zacks Consensus Estimate of 76 cents. Total revenues improved 10% year over year to $127.8 million, but missed the Zacks Consensus Estimate of $129 million.
Demand for irrigation systems in the domestic as well as international markets will remain high as drought remains a hindrance to corn yield. As such, prices are expected to remain high moving ahead. As a result, high crop prices and current drought conditions will lead to sustained spending in irrigation equipment through 2013, benefiting Lindsay in the process.
Corn prices jumped 28% and soybean prices moved up 33% on a year over year basis in the fourth quarter, driven by drought. The United States Department of Agriculture increased its forecast of net farm income to a record $122.2 billion in 2012 and about 65% higher than a 10 year average, reflecting higher crop prices and crop insurance income.
The Architecture Billing Index of the American Institute of Architects indicates that non-residential construction activity for nine to twelve months rose 1.4 points to 51.6 in September, the fastest increase since late 2010. Any reading above 50 denotes an increase in demand for architect's services.
Moreover, the new projects inquiry index was 57.3 in September, slightly up from 57.2 in August. In addition, the new Highway Bill will provide the funds through 2014, benefiting the infrastructural business of Lindsay.
However, one of the chief concerns for Lindsay is the price volatility for certain commodities like steel, which is used in manufacturing products. Steel comprises a third of Lindsay's cost of goods sold and, therefore, has a significant impact on pricing.
Moreover, the highway projects are generally capital intensive and take considerable amount of time to start. Delay in highway projects is expected to endanger Quickchange Moveable Barrier (QMB) sales, leading to negligible infrastructure profitability.
Lindsay, which belongs to the farm and construction machinery industry, retains a Zacks #2 Rank (Buy). AGCO Corporation ( AGCO ) and Deere & Company ( DE ) both retain a Zacks #3 Rank (Hold) in the same industry.
AGCO CORP (AGCO): 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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The Architecture Billing Index of the American Institute of Architects indicates that non-residential construction activity for nine to twelve months rose 1.4 points to 51.6 in September, the fastest increase since late 2010. Though the new Highway Bill will provide funds through 2014, leading to a ramp up in the infrastructural business, any delay in the highly capital intensive highway projects will negatively impact pricing. Demand for irrigation systems in the domestic as well as international markets will remain high as drought remains a hindrance to corn yield.
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Though the new Highway Bill will provide funds through 2014, leading to a ramp up in the infrastructural business, any delay in the highly capital intensive highway projects will negatively impact pricing. AGCO Corporation ( AGCO ) and Deere & Company ( DE ) both retain a Zacks #3 Rank (Hold) in the same industry. AGCO CORP (AGCO): 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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Though the new Highway Bill will provide funds through 2014, leading to a ramp up in the infrastructural business, any delay in the highly capital intensive highway projects will negatively impact pricing. AGCO CORP (AGCO): 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. Demand for irrigation systems in the domestic as well as international markets will remain high as drought remains a hindrance to corn yield.
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Though the new Highway Bill will provide funds through 2014, leading to a ramp up in the infrastructural business, any delay in the highly capital intensive highway projects will negatively impact pricing. Demand for irrigation systems in the domestic as well as international markets will remain high as drought remains a hindrance to corn yield. The Architecture Billing Index of the American Institute of Architects indicates that non-residential construction activity for nine to twelve months rose 1.4 points to 51.6 in September, the fastest increase since late 2010.
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4cc44797-4c32-4f10-b035-bbf5dc1088d7
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723090.0
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2012-11-14 00:00:00 UTC
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Warren Buffett Buys 4 New Stocks, Sells 4 Old Stocks in Q3
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DE
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https://www.nasdaq.com/articles/warren-buffett-buys-4-new-stocks-sells-4-old-stocks-q3-2012-11-14
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nan
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nan
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Warren Buffett , chairman of Berkshire Hathaway ( BRK.A )( BRK.B ), has revealed his and his two new portfolio managers' stock picks for the third quarter. His largest new stock holdings are: Deere & Co. ( DE ), Precision Castpart Corp. ( PCP ), Wabco Holdings Inc. ( WBC ) and Media General Inc. ( MEG ).
Buffett also sold out of four holdings: Moldelez International Inc. ( MDLZ ), Ingersoll-Rand Plc ( IR ), Dollar General Corp. ( DG ) and CVS Corp. ( CVS ).
Deere & Co. ( DE )
Berkshire bought 3,978,767 shares of Deere & Co. for $78 per share on average.
Deere & Company is the one world's foremost producers of agricultural equipment as well as a manufacturer of construction, forestry, and commercial and consumer equipment. Deere & Co. has a market cap of $33.01 billion; its shares were traded at around $84.92 with a P/E ratio of 11.2 and P/S ratio of 1. The dividend yield of Deere & Co. stocks is 2.2%. Deere & Co. had an annual average earnings growth of 11.6% over the past 10 years. GuruFocus rated Deere & Co. the business predictability rank of 2-star .
Precision Castparts Corp. ( PCP )
Berkshire bought 1,248,901 shares of Precision CastParts for $161 per share on average.
Precision CastParts Corp. is a worldwide manufacturer of complex metal components and products. Precision CastParts Corp. has a market cap of $24.9 billion; its shares were traded at around $173.3 with a P/E ratio of 19 and P/S ratio of 3.5. The dividend yield of Precision CastParts Corp. stocks is 0.1%. Precision CastParts Corp. had an annual average earnings growth of 17.3% over the past 10 years. GuruFocus rated Precision CastParts Corp. the business predictability rank of 2.5-star .
Wabco Holdings Inc. ( WBC )
Berkshire bought 1,599,064 shares of Wabco Holdings Inc. for $55.50 per share on average.
Wabco is one of the world's providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. Wabco Holdings Inc. has a market cap of $3.72 billion; its shares were traded at around $57.5 with a P/E ratio of 12.7 and P/S ratio of 1.3.
Media General Inc. ( MEG )
Berkshire bought 4,646,220 shares of Media General for $5 per share on average, which is 19.96% of the company.
Media General Inc. is an independent, publicly owned communications company with interests in newspapers, broadcast television, interactive media, recycled newsprint production and diversified information services. Media General Inc. has a market cap of $92.7 million; its shares were traded at around $3.92 with and P/S ratio of 0.2.
See Warren Buffett 's 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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Wabco is one of the world's providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . His largest new stock holdings are: Deere & Co. ( DE ), Precision Castpart Corp. ( PCP ), Wabco Holdings Inc. ( WBC ) and Media General Inc. ( MEG ).
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His largest new stock holdings are: Deere & Co. ( DE ), Precision Castpart Corp. ( PCP ), Wabco Holdings Inc. ( WBC ) and Media General Inc. ( MEG ). 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. Buffett also sold out of four holdings: Moldelez International Inc. ( MDLZ ), Ingersoll-Rand Plc ( IR ), Dollar General Corp. ( DG ) and CVS Corp. ( CVS ).
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His largest new stock holdings are: Deere & Co. ( DE ), Precision Castpart Corp. ( PCP ), Wabco Holdings Inc. ( WBC ) and Media General Inc. ( MEG ). 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. Buffett also sold out of four holdings: Moldelez International Inc. ( MDLZ ), Ingersoll-Rand Plc ( IR ), Dollar General Corp. ( DG ) and CVS Corp. ( CVS ).
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His largest new stock holdings are: Deere & Co. ( DE ), Precision Castpart Corp. ( PCP ), Wabco Holdings Inc. ( WBC ) and Media General Inc. ( MEG ). Deere & Co. ( DE ) Berkshire bought 3,978,767 shares of Deere & Co. for $78 per share on average. 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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9030f4cf-cb13-434c-a3c7-f375253a14dc
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723091.0
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2012-11-13 00:00:00 UTC
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Deere Near New High; Execution Problems Could Be Over
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DE
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https://www.nasdaq.com/articles/deere-near-new-high-execution-problems-could-be-over-2012-11-13
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nan
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nan
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When a company runs into a problem, only one question matters.
Is it temporary?
Farm equipment makerDeere ( DE ) missed earnings estimates for the fiscal Q3 ended in July, falling short of the Street's earnings number by 14% and revenue by 0.2%.
At the earnings call on Aug. 15, Chief Financial Officer James Field explained why. Half of the shortfall was due to soft market conditions in China, India and Europe; import licensing delays in Argentina; a weaker Brazilian real; and weather in the U.S.
Those difficulties have various shelf lives but none is permanent.
The other half of the shortfall was because of execution problems and an early harvest.
The Street naturally gets nervous when a company talks about execution problems. Deere's stock gapped down 6% in 365% greater volume on the news.
Execution problems are never a good thing but some are less bad than others. Deere's problems were on the manageable side. The company had trouble ramping up production to meet demand for an all new combine line.
"The good news is, we expect to make up the bulk of the sales miss -- related to execution -- during the fourth quarter," Field said.
The market eventually came around to that view. The stock is 3% off its 52-week high.
Analysts expect earnings to rise 16% in fiscal Q4 on a 12% revenue pop.
A harvest that came as much as four or five weeks earlier than normal also was part of Deere's difficulties. Some machines were completed too late for harvest and were canceled.
Dry weather is expected to help Deere. The reduction in grain supplies lifts prices, giving farmers more money for new equipment.
According to the National Climatic Data Center, the first 10 months of 2012 were the warmest on record for the contiguous U.S.
As of early November, the National Weather Service's Climate Prediction Center said, "drought expansion and intensification" is likely.
Deere's quarterly dividend is 46 cents a share, more than double what it was in mid-2007.
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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Half of the shortfall was due to soft market conditions in China, India and Europe; import licensing delays in Argentina; a weaker Brazilian real; and weather in the U.S. Those difficulties have various shelf lives but none is permanent. Farm equipment makerDeere ( DE ) missed earnings estimates for the fiscal Q3 ended in July, falling short of the Street's earnings number by 14% and revenue by 0.2%. Deere's stock gapped down 6% in 365% greater volume on the news.
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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. Farm equipment makerDeere ( DE ) missed earnings estimates for the fiscal Q3 ended in July, falling short of the Street's earnings number by 14% and revenue by 0.2%. Half of the shortfall was due to soft market conditions in China, India and Europe; import licensing delays in Argentina; a weaker Brazilian real; and weather in the U.S. Those difficulties have various shelf lives but none is permanent.
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Farm equipment makerDeere ( DE ) missed earnings estimates for the fiscal Q3 ended in July, falling short of the Street's earnings number by 14% and revenue by 0.2%. Half of the shortfall was due to soft market conditions in China, India and Europe; import licensing delays in Argentina; a weaker Brazilian real; and weather in the U.S. Those difficulties have various shelf lives but none is permanent. Deere's stock gapped down 6% in 365% greater volume on the news.
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Farm equipment makerDeere ( DE ) missed earnings estimates for the fiscal Q3 ended in July, falling short of the Street's earnings number by 14% and revenue by 0.2%. Half of the shortfall was due to soft market conditions in China, India and Europe; import licensing delays in Argentina; a weaker Brazilian real; and weather in the U.S. Those difficulties have various shelf lives but none is permanent. Deere's stock gapped down 6% in 365% greater volume on the news.
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754e8e9c-051b-43f3-ab5d-d0642572801f
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723092.0
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2012-11-13 00:00:00 UTC
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Terex Prices $850M Senior Notes - Analyst Blog
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DE
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https://www.nasdaq.com/articles/terex-prices-%24850m-senior-notes-analyst-blog-2012-11-13
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nan
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nan
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In a bid to finance senior subordinated notes due 2017, Terex Corporation ( TEX ) has priced $850 million senior notes in a new offering (excluding underwriting discounts and commissions or other offering expenses). The notes are priced at an issue price of 100% and carries a coupon rate of 6%.
Terex anticipates the offering to be completed by November 26, 2012, subject to certain customary conditions. Credit Suisse Securities (USA) LLC, Goldman, Sachs and Co. - a wing of The Goldman Sachs Group, Inc. ( GS ), RBS Securities Inc. - a unit of The Royal Bank of Scotland Group plc ( RBS ) and UBS Securities LLC - an entity of UBS AG ( UBS ) will be acting as the joint book-running managers for the offering.
Terex will use the net proceeds from the offering to finance the purchase of its outstanding senior subordinated notes bearing an interest of 8% due 2017. The amount left will be utilized in general corporate purposes.
Terex reported that its third-quarter 2012 adjusted earnings jumped 107% year over year to 62 cents per share. The results comfortably surpassed the Zacks Consensus Estimate of 50 cents. Total revenues increased 1% year over year to $1.822 billion, missing the Zacks Consensus Estimate of $1.952 billion.
Terex had cash and cash equivalents of $542.6 million as of September 30, 2012, versus $774.1 million as of December 31, 2011. The company's total debt was $2.03 billion of as of September 30, 2012, compared with $2.3 billion as of December 31, 2011.
The debt to capital ratio improved to 49.7% as of September 30, 2012, from 54.6% as of December 31, 2011. In the stringent regulatory background, the offering of the senior notes is expected to further strengthen the company's balance sheet as well as support its future growth.
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. It sells its products through a worldwide distribution network. The company has five reporting segments.
Terex faces competition from large players with greater financial resources like Caterpillar Inc. ( CAT ) and Deere and Company ( DE ). Terex retains a short-term Zacks #3 Rank (Hold). We have a long-term Neutral recommendation on the stock.
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
ROYAL BK SC-ADR (RBS): Free Stock Analysis Report
TEREX CORP (TEX): Free Stock Analysis Report
UBS AG (UBS): 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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Terex faces competition from large players with greater financial resources like Caterpillar Inc. ( CAT ) and Deere and Company ( DE ). In a bid to finance senior subordinated notes due 2017, Terex Corporation ( TEX ) has priced $850 million senior notes in a new offering (excluding underwriting discounts and commissions or other offering expenses). Terex had cash and cash equivalents of $542.6 million as of September 30, 2012, versus $774.1 million as of December 31, 2011.
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In a bid to finance senior subordinated notes due 2017, Terex Corporation ( TEX ) has priced $850 million senior notes in a new offering (excluding underwriting discounts and commissions or other offering expenses). CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ROYAL BK SC-ADR (RBS): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report To read this article on Zacks.com click here. Terex had cash and cash equivalents of $542.6 million as of September 30, 2012, versus $774.1 million as of December 31, 2011.
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In a bid to finance senior subordinated notes due 2017, Terex Corporation ( TEX ) has priced $850 million senior notes in a new offering (excluding underwriting discounts and commissions or other offering expenses). CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ROYAL BK SC-ADR (RBS): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report To read this article on Zacks.com click here. Terex had cash and cash equivalents of $542.6 million as of September 30, 2012, versus $774.1 million as of December 31, 2011.
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In a bid to finance senior subordinated notes due 2017, Terex Corporation ( TEX ) has priced $850 million senior notes in a new offering (excluding underwriting discounts and commissions or other offering expenses). CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report ROYAL BK SC-ADR (RBS): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report To read this article on Zacks.com click here. Terex had cash and cash equivalents of $542.6 million as of September 30, 2012, versus $774.1 million as of December 31, 2011.
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4e8d4789-23d5-4c04-8dc0-f76d917d77be
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723093.0
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2012-11-13 00:00:00 UTC
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Briggs & Stratton Expands in Brazil - Analyst Blog
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DE
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https://www.nasdaq.com/articles/briggs-stratton-expands-in-brazil-analyst-blog-2012-11-13
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nan
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nan
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Briggs & Stratton Corporation ( BGG ) recently announced that it has entered into an agreement to acquire Brazil-based Companhia Caetano Branco for approximately $60 million.
Founded in 1936, Branco is one of the leading brands in the light power equipment market in Brazil with a wide range of outdoor power equipment used mainly in light commercial applications. Its products include generators, water pumps, and light construction equipment. Branco generates annual sales to the tune of around $40 million with operating margins of 13% to 17%.
The transaction, pursuant to customary closing conditions, is expected to be completed in the next three to four months. The acquisition will be funded from available cash on hand or Briggs' existing credit facilities. As of September 30, 2012, Briggs & Stratton had $101.6 million cash in hand on its balance sheet. The company also has $500 million available under its revolving credit facility.
The acquisition is in sync with Briggs' strategy of expanding in the emerging nations with a focus on extending its product portfolio in higher margin categories and to diversify diversifying its geographic footprint. Post acquisition, Briggs will benefit from Branco's brand strength, strong operational performance, and strong distribution network and customer base in the region.
Brazil is a strategic fit for expansion given its infrastructure requirements and high growth opportunities. Brazil's economy has been steady over the last decade. However, the momentum dipped last year and the government forecasts growth this year at 2.5%. Brazil estimates a spending of $110 billion annually over the next five years to meet its infrastructure needs.
Brazil's recent $66 billion stimulus package, aimed at reviving the country's ailing road and railway systems and to help bolster the economy, provides significant growth opportunities. Brazil's construction requirements have been on the rise based on the infrastructure needs for hosting the 2014 FIFA World Cup and the 2016 Olympic Games in Rio de Janeiro.
Based in Milwaukee, Wisconsin, Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment. Its wholly owned subsidiary, Briggs & Stratton Power Products Group LLC, is North America's number one manufacturer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of standby generators, along with lawn, garden and turf care products through its popular brands. The company competes with Honda Motor Co., Ltd. ( HMC ), Kawasaki Heavy Industries, Ltd. ( KWHIY ) and Deere & Company ( DE ). Briggs & Stratton currently retains a short-term Zacks #3 Rank (Hold).
BRIGGS & STRATT (BGG): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
(KWHIY): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brazil's recent $66 billion stimulus package, aimed at reviving the country's ailing road and railway systems and to help bolster the economy, provides significant growth opportunities. Brazil's construction requirements have been on the rise based on the infrastructure needs for hosting the 2014 FIFA World Cup and the 2016 Olympic Games in Rio de Janeiro. Founded in 1936, Branco is one of the leading brands in the light power equipment market in Brazil with a wide range of outdoor power equipment used mainly in light commercial applications.
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Founded in 1936, Branco is one of the leading brands in the light power equipment market in Brazil with a wide range of outdoor power equipment used mainly in light commercial applications. BRIGGS & STRATT (BGG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report (KWHIY): ETF Research Reports To read this article on Zacks.com click here. Its products include generators, water pumps, and light construction equipment.
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Founded in 1936, Branco is one of the leading brands in the light power equipment market in Brazil with a wide range of outdoor power equipment used mainly in light commercial applications. Its wholly owned subsidiary, Briggs & Stratton Power Products Group LLC, is North America's number one manufacturer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of standby generators, along with lawn, garden and turf care products through its popular brands. BRIGGS & STRATT (BGG): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report (KWHIY): ETF Research Reports To read this article on Zacks.com click here.
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Founded in 1936, Branco is one of the leading brands in the light power equipment market in Brazil with a wide range of outdoor power equipment used mainly in light commercial applications. Brazil's recent $66 billion stimulus package, aimed at reviving the country's ailing road and railway systems and to help bolster the economy, provides significant growth opportunities. Its products include generators, water pumps, and light construction equipment.
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c1bb985e-1821-4ded-b492-6ba97b94c4fe
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723094.0
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2012-11-01 00:00:00 UTC
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CNH Beats Est., Sales Up in 3Q - Analyst Blog
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DE
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https://www.nasdaq.com/articles/cnh-beats-est.-sales-up-in-3q-analyst-blog-2012-11-01
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nan
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nan
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CNH Global N.V. ( CNH ) recently reported a net income (excluding restructuring and exceptional items) of $323 million in the third quarter of 2012, surging 18.8% year over year but declined 9.3% sequentially.
Diluted EPS was $1.34 in the quarter versus $1.14 in the prior year quarter and $1.47 in the previous quarter. The results beat the Zacks Consensus Estimate of $1.16.
The rise in net income was led by the company's impressive performances in the agricultural, financial and industrial services businesses neutralizing the negative effects of the currency translation and high research and development expenses during the quarter.
Revenues
Net sales in the third quarter amounted to $4.83 billion, proliferating 4.8% year over year but down 3.8% sequentially. The rise in the sales was driven by the mounting demand for the company's Agricultural Equipment business and increased agricultural product prices, neutralizing the adverse impact of drought in North America. The decline in the construction equipment sales owing to the weak market condition and foreign currency translation was mitigated by the rise in sales of the agricultural equipment. The results surpassed the Zacks Consensus Estimate of $4.56 billion.
Segment-wise, Agricultural Equipment sales amounted to $4.0 billion, increasing 12.3% annually but remaining flat sequentially. The rise in the sales was on the back of the company's impressive pricing structure, positive product mix and higher volume. The segment witnessed accelerated revenue growth in all of its regions (based on constant currency).
Construction Equipment sales came to $830 million with a 20.7% yearly and 17.1% sequential decline. The reduction in sales was attributable primarily to the weak industrial condition in Latin America as well as in the APAC region.
Margins
Agriculture Equipment's gross margin in the third quarter of 2012 was 22.0% versus 21.8% in the third quarter of 2011 and 22.7% in the previous quarter. Gross margin for the Construction Equipment segment decreased to 12.9% from 16.0% in the previous year period and 13.8% in the last quarter.
Operating margin for Agricultural Equipment came to 12.0% compared with 11.5% in the previous year quarter and 12.6% in the last quarter. This was a result of product and pricing mix benefits.
The decline in the volumes of the commercial products, currency translation and industrial capacity absorption proved detrimental to the Construction Equipment margin during the quarter, due to which operating margin dropped to (1.8)% from 4.7% in the previous year period and 1.7% in the last quarter.
Effective tax rate for the third quarter of 2012 were lower than management's previously provided forecast of 32% - 35% for full year 2012, coming in at 31%.
Selling, general and administrative expense was $427 million compared with $470 million in the year-earlier quarter, and research, development and engineering expense was $160 million compared with $131 million in the prior-year quarter.
Balance Sheet and Cash Flows
Exiting the third quarter of 2012, the cash and cash equivalents came in at $998 million down from $1.1 billion at the end of June 2012. Long-term debt was $12.6 billion at the end of September 30, 2012 compared to $13.9 billion at the end of the previous quarter.
Year to date, net cash used by operating activities was $321 million versus $66 million generated in the previous year period. Capital expenditures incurred were $334 million, increasing 53.2% from the prior year period.
Outlook
Management maintained its guidance for full year of 2012. Industry's Agricultural and Construction Equipment unit volumes are expected to be flat to down 5% while the company's revenues are expected to grow more than 5% with operating margins above 8.6% in 2012.
Based in Amsterdam, CNH Global N.V. engaged in manufacturing agricultural and construction equipment products. The company's primary competitors include big players such as Caterpillar Inc. ( CAT ), Deere & Company ( DE ) and Komatsu Ltd. ( KMTUY ).
Our Take
The company currently retains a Zacks #5 Rank, which translates into a short-term 'Strong Sell' rating. We also maintain a long-term 'Underperform' recommendation on the stock.
CATERPILLAR INC (CAT): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
(KMTUY): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The rise in net income was led by the company's impressive performances in the agricultural, financial and industrial services businesses neutralizing the negative effects of the currency translation and high research and development expenses during the quarter. Effective tax rate for the third quarter of 2012 were lower than management's previously provided forecast of 32% - 35% for full year 2012, coming in at 31%. CNH Global N.V. ( CNH ) recently reported a net income (excluding restructuring and exceptional items) of $323 million in the third quarter of 2012, surging 18.8% year over year but declined 9.3% sequentially.
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The rise in net income was led by the company's impressive performances in the agricultural, financial and industrial services businesses neutralizing the negative effects of the currency translation and high research and development expenses during the quarter. The rise in the sales was driven by the mounting demand for the company's Agricultural Equipment business and increased agricultural product prices, neutralizing the adverse impact of drought in North America. CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report (KMTUY): ETF Research Reports To read this article on Zacks.com click here.
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The decline in the volumes of the commercial products, currency translation and industrial capacity absorption proved detrimental to the Construction Equipment margin during the quarter, due to which operating margin dropped to (1.8)% from 4.7% in the previous year period and 1.7% in the last quarter. CNH Global N.V. ( CNH ) recently reported a net income (excluding restructuring and exceptional items) of $323 million in the third quarter of 2012, surging 18.8% year over year but declined 9.3% sequentially. The rise in net income was led by the company's impressive performances in the agricultural, financial and industrial services businesses neutralizing the negative effects of the currency translation and high research and development expenses during the quarter.
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The decline in the construction equipment sales owing to the weak market condition and foreign currency translation was mitigated by the rise in sales of the agricultural equipment. CNH Global N.V. ( CNH ) recently reported a net income (excluding restructuring and exceptional items) of $323 million in the third quarter of 2012, surging 18.8% year over year but declined 9.3% sequentially. The rise in net income was led by the company's impressive performances in the agricultural, financial and industrial services businesses neutralizing the negative effects of the currency translation and high research and development expenses during the quarter.
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723095.0
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2012-10-30 00:00:00 UTC
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Mixed Bag for Terex Corp. - Analyst Blog
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https://www.nasdaq.com/articles/mixed-bag-for-terex-corp.-analyst-blog-2012-10-30
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Terex Corp .'s ( TEX ) third-quarter 2012 adjusted earnings of 62 cents per share jumped 107% from 30 cents earned in the year-ago quarter. The company's earnings also comfortably surpassed the Zacks Consensus Estimate of 50 cents.
Including special items, Terex reported earnings of 27 cents per share in the quarter compared with 33 cents in the year-ago quarter.
Total revenues increased 1% year over year to $1.822 billion, missing the Zacks Consensus Estimate of $1.952 billion. Excluding the impact of the Demag Cranes AG acquisition, net sales decreased 8% year over year.
Costs and Margins
Cost of goods sold declined 5.5% to $1.44 billion versus $1.53 billion in the year-earlier quarter. Gross profit soared 37.4% to $378.6 million. Gross margins expanded 550 basis points to 20.8% in the quarter.
Selling, general and administrative expenses rose 10.6% to $246.7 million in the quarter. The company reported an operating income of $131.9 million compared with $52.6 million in the year-ago quarter.
Segment Performance
Total revenues at Aerial Work Platforms increased 17.2% year over year to $526.1 million. The improvement was due to a replacement-based demand increase in the North American rental channel, fleet growth for aerial work platforms, sales from an acquired business along with modest growth in the markets of Europe and Latin America.
Operating income saw a whopping increase of 119.6% to $59.3 million from $27 million in the prior-year quarter, driven by price realization, volume and customer mix.
Total revenues at the Construction segment dipped 26.6% to $290.4 million. Results deteriorated due to soft demand in the end markets, especially in Western Europe. Global demand for material handlers remained weak along with soft trucks and compact construction equipment businesses.
The segment reported an operating loss of $8.3 million versus a loss of $6.4 million in the year-earlier quarter, driven by reduced sales volumes and negative product and geographic mix, partially offset by price realization along with the cost saving efforts.
Cranes segment's total revenues dropped 5.4% to $394.6 million. Results deteriorated due to unfavorable foreign currency translation.
Operating income went up to $47.6 million from $25.1 million in the year-earlier quarter, driven by price realization and cost cutting efforts.
Total revenues at Material Handling & Port Solutions inflated 22.2% to $470.8 million. The improvement stemmed from the addition of full quarter results of Demag Cranes, boost in deliveries of standard and process cranes to consumers in Western Europe, South Africa and the Middle East as well as from higher service activity.
The segment reported operating profit of $19.9 million compared to a loss of $1.8 million in the year-ago quarter. Operating profit benefited from fair value adjustment of inventory.
Total revenues at the Material Processing segment were $149.9 million, down 12.4% year over year due to lower demand for mobile screening in Western Europe and India. The negatives were partially offset by strong demand in North America, Australia as well as Latin America.
The segment reported an operating profit of $15.2 million, up from $12.4 million in the prior year quarter. Operating profit improved, driven by price realization, positive mix of products and geographies as well as from adjustments made in production and costs in response to a softer demand condition.
Financial Position
As of September 30, 2012, cash and cash equivalents amounted to $542.6 million versus $774.1 million as of December 31, 2011. Cash from operating activities was an inflow of $138.8 million in the first nine months of 2012 compared with usage of $107.6 million for the first nine months of 2011.
Outlook for 2012
Management expects net sales to remain at $7.5 billion and reiterated the guidance for earnings in the range of $1.95-$2.05 per share.
Our View
Terex aims at improving margins and integrating the Material Handling & Port Solutions segment for a long-term profitability. It also focuses on improving its earnings and generating cash flow to help reducing the debt level.
Recently, the company has redeemed $300 million senior notes bearing an interest rate of 10-7/8% and maturing in 2016. Debt-to-capitalization ratio improved to 50.1% as of September 30, 2012, from 54.7% as of June 30, 2012 and 54.6% as of December 30, 2011.
However, Terex faces competition from large players with greater financial resources like Caterpillar Inc. ( CAT ) and Deere and Company ( DE ). Caterpillar's third-quarter 2012 earnings increased 49% year over year to $2.54 per share, beating the Zacks Consensus Estimate of $2.21.
Terex retains a short-term Zacks #3 Rank (Hold). We have a long-term Neutral recommendation on the stock.
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TEREX CORP (TEX): 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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However, Terex faces competition from large players with greater financial resources like Caterpillar Inc. ( CAT ) and Deere and Company ( DE ). Excluding the impact of the Demag Cranes AG acquisition, net sales decreased 8% year over year. Costs and Margins Cost of goods sold declined 5.5% to $1.44 billion versus $1.53 billion in the year-earlier quarter.
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Operating profit improved, driven by price realization, positive mix of products and geographies as well as from adjustments made in production and costs in response to a softer demand condition. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report To read this article on Zacks.com click here. Excluding the impact of the Demag Cranes AG acquisition, net sales decreased 8% year over year.
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Excluding the impact of the Demag Cranes AG acquisition, net sales decreased 8% year over year. Costs and Margins Cost of goods sold declined 5.5% to $1.44 billion versus $1.53 billion in the year-earlier quarter. Gross margins expanded 550 basis points to 20.8% in the quarter.
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Excluding the impact of the Demag Cranes AG acquisition, net sales decreased 8% year over year. Costs and Margins Cost of goods sold declined 5.5% to $1.44 billion versus $1.53 billion in the year-earlier quarter. Gross margins expanded 550 basis points to 20.8% in the quarter.
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723096.0
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2012-10-22 00:00:00 UTC
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Record EPS for CAT in 3Q, Revs Lag - Analyst Blog
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https://www.nasdaq.com/articles/record-eps-cat-3q-revs-lag-analyst-blog-2012-10-22
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Caterpillar Inc. ( CAT ) posted record EPS of $2.54 in the third quarter of 2012, a 49% increase from $1.71 in the prior-year quarter, way ahead of the Zacks Consensus Estimate of $2.21. EPS in the quarter included a pre-tax gain of $273 million from the sale of a majority interest in Caterpillar's third party logistics business.
Revenues increased 5% to $16.4 billion in the quarter, but fell short of the Zacks Consensus Estimate of $16.7 billion. Improvement in sales volume, favorable price realization and positive net impact of acquisitions and divestitures were partially offset by foreign currency translation. Sales of new equipment increased while sales of aftermarket parts were almost flat. Sales in North America increased 9%, and in Asia/Pacific were up 8% while sales in EAME and Latin America were about flat.
Cost of sales increased 2% to $11.6 billion in the quarter. Manufacturing costs upped $259 million as a result of higher period costs related to production volume and capacity expansion programs.
Selling, general and administrative (SG&A) expenses increased 8% to $1.47 billion and research and development (R&D) expenses jumped 9% to $634 million attributable to growth-related initiatives, increased costs to support product programs.
Higher sales volume, impact of acquisitions and divestitures and improved price realization helped offset the rise in manufacturing costs, SG&A and R&D expenses and were responsible for a 48% surge in operating profit to $2.6 billion. Operating margin improved 460 basis points to 15.8% in the quarter.
Segment Results
Machinery and Power System (M&PS) revenues increased 5% to $15.7 billion. Construction Industries sales were flat as higher sales in North America and EAME were offset by declines in Asia/Pacific and Latin America. Sales increased in Resource Industries mainly on the back of higher volume and improved price realization. Power Systems sales increased as a result of improved sales volume and price realization, partially offset by the impact of currency. Machinery and Power System's operating profit jumped 48% to $2.48 billion from $1.68 billion in the prior-year quarter.
Financial Products' revenues increased 3% to $776 million as the positive impact of higher average earning assets were offset by an unfavorable impact of lower average financing rates on new and existing finance receivables and operating leases. Financial Products' profit increased to $190 million from $145 million in the third quarter of 2011. The increase was attributed to an $18 million impact from lower claims experience at Cat Insurance and a $26 million favorable impact of higher average earning assets.
Financial Position
Caterpillar had cash and short-term investments of $5.7 billion as of September 30, 2012, up from $5.1 billion as of June 30, 2012. Total debt-to-capital ratio improved to 64% as of September 30, 2012 from 67% as of June 30, 2012. The debt-to-capital ratio at M&PS decreased to 38% at the end of the reported quarter from 40.9% as of the second quarter end.
Total cash flow from operating activities in the first nine months of fiscal 2012 was $3.3 billion compared with $5.5 billion in the prior-year comparable period. Operating cash flow at M&PS declined to $994 million in the third quarter of 2012 from $2.04 billion in the prior-year quarter, due to unfavorable changes in working capital.
Outlook
Caterpillar has lowered its sales guidance to $66 billion from the prior guidance of $68 billion to $70 billion due to weaker economic conditions across most of the globe. The company has also trimmed its EPS expectation to a range of $9.00 to $9.25 from the previous $9.60. For fiscal 2013, sales are expected to be positive 5% to negative 5% from 2012 levels.
Caterpillar estimates that the world economy would grow about 2.5% in 2012, the weakest annual growth since 2009. However, for 2013, the company is expecting slightly improved economic growth of about 2.7%. Though modest improvement is expected in the U.S., China and the developing world, Europe is expected to remain weak.
Our Take
Even though the company lowered its guidance for 2012, if realized, would mark the highest revenues and profit in Caterpillar's history, even ahead of last year's ground-breaking results. Furthermore, the Bucyrus acquisition has positioned Caterpillar as the leading global mining original equipment manufacturer.
Caterpillar recently trimmed its 2015 guidance in the wake of weaker-than-expected growth in the global economy. Factoring in tepid economic growth through 2015 and a less likely scenario of a worldwide recession, Caterpillar expects to generate revenues in the range of $80 billion to $100 billion in 2015 and earnings per share in the range of $12 to $18 per share. Caterpillar had earlier estimated earnings between $15 and $20 per share.
Caterpillar had been persistently adding production capacity for many of its products. However, with the growing concerns and uncertainty about the pace of world economic growth, short-term economic risks in the U.S, the Euro zone debt crisis and the slowdown in China's growth,
Caterpillar has now opted to be cautious regarding acquisitions and investments in expansion. Production across much of the company has been lowered, leading to temporary shutdowns and layoffs. The company remains hopeful that construction activity in the emerging markets will witness modest improvement. The company plans to remain focused on its cost control measures and continue to invest in research and development.
Caterpillar's plans to expand in the mining and China is currently under pressure as mining companies are revisiting and trimming their capital expenditures plans following the slowdown in economic expansion in China, the world's largest user of coal and metals. The recent loss of sales momentum, margin headwinds, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. The shares of Caterpillar are currently maintaining a Zacks #5 Rank (Strong Sell) over the short term.
Peoria, Illinois-based Caterpillar Inc. is the manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company is one of the few leading U.S. companies in an industry that competes globally from a principally domestic manufacturing base.
Caterpillar operates two divisions - M&PS and Financial Products. It competes with the likes of CNH Global NV ( CNH ), Komatsu Ltd. ( KMTUY ), Joy Global Inc ( JOY ) and Deere & Company ( DE ).
CATERPILLAR INC (CAT): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
JOY GLOBAL INC (JOY): Free Stock Analysis Report
(KMTUY): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 recent loss of sales momentum, margin headwinds, negative impact of the European debt crisis and a slowing Chinese economy remain concerns. EPS in the quarter included a pre-tax gain of $273 million from the sale of a majority interest in Caterpillar's third party logistics business. Selling, general and administrative (SG&A) expenses increased 8% to $1.47 billion and research and development (R&D) expenses jumped 9% to $634 million attributable to growth-related initiatives, increased costs to support product programs.
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CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report (KMTUY): ETF Research Reports To read this article on Zacks.com click here. EPS in the quarter included a pre-tax gain of $273 million from the sale of a majority interest in Caterpillar's third party logistics business. Selling, general and administrative (SG&A) expenses increased 8% to $1.47 billion and research and development (R&D) expenses jumped 9% to $634 million attributable to growth-related initiatives, increased costs to support product programs.
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CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report JOY GLOBAL INC (JOY): Free Stock Analysis Report (KMTUY): ETF Research Reports To read this article on Zacks.com click here. EPS in the quarter included a pre-tax gain of $273 million from the sale of a majority interest in Caterpillar's third party logistics business. Selling, general and administrative (SG&A) expenses increased 8% to $1.47 billion and research and development (R&D) expenses jumped 9% to $634 million attributable to growth-related initiatives, increased costs to support product programs.
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EPS in the quarter included a pre-tax gain of $273 million from the sale of a majority interest in Caterpillar's third party logistics business. Selling, general and administrative (SG&A) expenses increased 8% to $1.47 billion and research and development (R&D) expenses jumped 9% to $634 million attributable to growth-related initiatives, increased costs to support product programs. Construction Industries sales were flat as higher sales in North America and EAME were offset by declines in Asia/Pacific and Latin America.
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723097.0
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2012-10-17 00:00:00 UTC
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How China's Economy Could Spell Trouble for America
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https://www.nasdaq.com/articles/how-chinas-economy-could-spell-trouble-america-2012-10-17
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Every September, the world's top thinkers get together in support of President Bill Clinton's "Clinton Global Initiative," an organization that identifies global problems -- and solutions. At the many panel discussions held at this past month's conference in New York City, key concerns were spelled out, and it was an easy to miss a small comment made by Dow Chemical (NYSE: DOW ) CEO Andrew Liveris.
While the Chinese government -- and many economists -- speak of aneconomy that is growing 7% this year, Liveris pegs that rate at just 2% -- at best. He should know: China is now Dow Chemical's biggest customer.
For that matter, a rising number of U.S. companies have been counting on China and its neighbors for sales growth as Europe -- America's longstanding top trading partner -- has stumbled in recent years. In 2011, the U.S. exported more than $100 billion in goods and services to China, and many companies have been laying the foundation for even higher sales to China -- and the rest of Asia -- in coming years.
Yet it might be time for a re-think. TheWorld Bank has just revised its outlook for Asian economies (which you can read about here ) and the bank's economists have started to grow concerned that the Asian economic juggernaut is slowing.
Know that these economists are trained to quell any global anxieties, so the conclusions drawn in their reports will always be fairly mild. They don't want to sound any alarms, but when they are talking about Chinese economic growth of 7.7% in 2012 and a rebound to 8.1% in 2013 -- in sharp contrast to Dow Chemical's Liveris 2% projection -- maybe you should be alarmed. After all, these bank economists are working off of data provided by the Chinese government, which is notorious for delivering opaque -- and often overly optimistic -- economic reports.
Indeed, a rising tide of investors led by noted short seller Jim Chanos have suggested that China's economy is in deep trouble. I noted a series of early warning signs in China roughly a year ago. Chanos and others believe that conditions have only worsened since then, despite the still-rosy picture provided by Chinese government economists.
Why does this matter to the United States? Because we now live in a truly interconnected global economy. Our companies sell roughly $1.3 trillion in goods and services around the world every year. And China's fast-rising economy has been the engine for much of that activity. Let me explain.
As an example, the U.S. sends roughly $30 billion in goods and services to France every year. And France counts on China as one of its biggest export markets. If Chinese demand for French goods slow, then the French economy has less need for U.S. imports that are used in French factories. Of course, when the global economy is expanding, this can be a virtuous cycle. But if China's import needs slow, then it can quickly become a vicious cycle with negative feedback loops (i.e. falling French demand would slow U.S. exports, crimping U.S. demand for French imports, etc.)
Manufacturers and farmers at risk
To gauge the impact of a slowdown in China and the rest of Asia, you need to focus on the types of goods and services this region consumes. Though a few American brands such as Nike (NYSE: NKE ) and Starbucks (Nasdaq: SBUX ) have made major inroads in China, Taiwan, Singapore, Thailand and elsewhere in Asia, many U.S. consumer goods providers have yet to make a big dent. That's why the retail sector wouldn't take a deep hit if Asian economies sharply slowed.
Yet the U.S industrial sector has ample reason for concern. A number of Asian factories have imported machines and other factory equipment from the U.S. to run their assembly lines and process their commodities. (Dow Chemical, for example, provides the raw material to make many Chinese plastic goods.)
Let's dial down to a company level and see what a slowing Chinese economy means.
Boeing (NYSE: BA ) typically sells $3 billion to $4 billion worth of planes to China every year, and demand for planes always slows down when intra-country travel slumps.
Soybean exports to China swelled toward the $10 billion mark in recent years, putting money in farmers' pockets to buy tractors from firms like Deere (NYSE: DE ) and others.
Chinese technology companies have begun selling sophisticated telecom and computer equipment, but inside their devices you'll often find chips and other components made by firms like Intel (Nasdaq: INTC ) .
The Chinese landscape has been one big construction site in recent years, fueling high demand for Caterpillar's (NYSE: CAT ) equipment, design services from some of the top U.S. architectural firms, copper for plumbing provided by Freeport McMoran (NYSE: FCX ) and many other firms.
Yet buried in this doom-and-gloom scenario is a ray of hope pointed out by those World Bank economists: The decade-long growth across Asia has created a vibrant middle class that is only starting to spend on handbags, shoes, cars, movies, iPads and other items. And the U.S. is still the leading purveyor of the many of the world's top global brands.
So even as the manufacturing and industrial segments of these economies are slowing, rising consumer demand may pick up the slack. Indeed many of these countries -- especially China -- are trying to shift to an economy based on higher domestic consumption of goods and services. It won't be an easy transition in the near term, but could still turn out to be the next driver of global growth down the road.
Action to Take --> Many U.S. employers count on China and the rest of Asia for a fair portion of their sales mix, and an economic slowdown abroad could lead to a hiring slump here in the U.S. Until we get a better sense of whether China and the rest of Asia are still seeing 6% to 7% economic growth -- or much weaker growth as Dow Chemical's Andrew Liveris suggests -- it may be best to proceed with great caution as you look out on the world economy in coming months.
This article originally appeared on InvestingAnswers.com:
Forget The Fiscal Cliff -- Why China May Be 2013's Biggest Financial Headache
-- David Sterman
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC owns shares of FCX, NKE, SBUX in one or more if its "real money" portfolios.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 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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Though a few American brands such as Nike (NYSE: NKE ) and Starbucks (Nasdaq: SBUX ) have made major inroads in China, Taiwan, Singapore, Thailand and elsewhere in Asia, many U.S. consumer goods providers have yet to make a big dent. Chinese technology companies have begun selling sophisticated telecom and computer equipment, but inside their devices you'll often find chips and other components made by firms like Intel (Nasdaq: INTC ) . Yet buried in this doom-and-gloom scenario is a ray of hope pointed out by those World Bank economists: The decade-long growth across Asia has created a vibrant middle class that is only starting to spend on handbags, shoes, cars, movies, iPads and other items.
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At the many panel discussions held at this past month's conference in New York City, key concerns were spelled out, and it was an easy to miss a small comment made by Dow Chemical (NYSE: DOW ) CEO Andrew Liveris. Every September, the world's top thinkers get together in support of President Bill Clinton's "Clinton Global Initiative," an organization that identifies global problems -- and solutions. After all, these bank economists are working off of data provided by the Chinese government, which is notorious for delivering opaque -- and often overly optimistic -- economic reports.
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If Chinese demand for French goods slow, then the French economy has less need for U.S. imports that are used in French factories. Every September, the world's top thinkers get together in support of President Bill Clinton's "Clinton Global Initiative," an organization that identifies global problems -- and solutions. At the many panel discussions held at this past month's conference in New York City, key concerns were spelled out, and it was an easy to miss a small comment made by Dow Chemical (NYSE: DOW ) CEO Andrew Liveris.
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Every September, the world's top thinkers get together in support of President Bill Clinton's "Clinton Global Initiative," an organization that identifies global problems -- and solutions. At the many panel discussions held at this past month's conference in New York City, key concerns were spelled out, and it was an easy to miss a small comment made by Dow Chemical (NYSE: DOW ) CEO Andrew Liveris. After all, these bank economists are working off of data provided by the Chinese government, which is notorious for delivering opaque -- and often overly optimistic -- economic reports.
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723098.0
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2012-10-04 00:00:00 UTC
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Deere Stays Neutral - Analyst Blog
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https://www.nasdaq.com/articles/deere-stays-neutral-analyst-blog-2012-10-04
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We reiterate our Neutral recommendation on Deere & Company ( DE ), following its mixed results in third quarter fiscal 2012. The company's third quarter earnings of $1.98 per share missed the Zacks Consensus Estimate of $2.32. Revenues increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion.
The United States Department of Agriculture forecasts net farm income to exceed $122 billion and net cash income is envisaged to go beyond $139 billion in 2012. Owing to an early harvest in the U.S., corn production stabilized.
Thus, it became clear that though the drought has hampered corn production to some extent, it had not destroyed the crop this year. The farmers are investing in the latest machinery to maximize productivity, favoring Deere in this space.
The Architecture Billing Index of American Institute of Architects became positive in August after remaining in the negative territory for four consecutive months since April. The index increased 1.5 points from July to 50.2 in August 2012. Any reading above 50 indicates an increase in demand for architect's services.
Moreover, the new projects inquiry index was 57.2 in August, up from 56.3 in July. In addition, the new highway bill will also improve demand for construction equipment in the U.S. market. This, in turn, will improve demand for Deere's construction equipment going forward.
However, margin expansion will be constrained in the next quarter given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses. The new products introduced by Deere have to comply with the stringent engine emission regulations in North America and Europe. Deere expects the cost in fiscal 2012 to be $475 million higher than the fiscal 2011 levels, thereby, contracting margins.
Moreover, inventory levels increased in the third quarter due to order cancellations from dealers. In certain areas harvesting was done early during the quarter but Deere failed to dispatch supplies in time. Therefore, increased level of inventories remains a headwind for the company in the next quarter.
Deere retains a short-term Zacks #5 Rank (Strong Sell). Illinois-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 & 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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The Architecture Billing Index of American Institute of Architects became positive in August after remaining in the negative territory for four consecutive months since April. However, margin expansion will be constrained in the next quarter given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses. The new products introduced by Deere have to comply with the stringent engine emission regulations in North America and Europe.
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This, in turn, will improve demand for Deere's construction equipment going forward. We reiterate our Neutral recommendation on Deere & Company ( DE ), following its mixed results in third quarter fiscal 2012. The United States Department of Agriculture forecasts net farm income to exceed $122 billion and net cash income is envisaged to go beyond $139 billion in 2012.
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However, margin expansion will be constrained in the next quarter given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses. Illinois-based Deere, is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. We reiterate our Neutral recommendation on Deere & Company ( DE ), following its mixed results in third quarter fiscal 2012.
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We reiterate our Neutral recommendation on Deere & Company ( DE ), following its mixed results in third quarter fiscal 2012. The Architecture Billing Index of American Institute of Architects became positive in August after remaining in the negative territory for four consecutive months since April. The United States Department of Agriculture forecasts net farm income to exceed $122 billion and net cash income is envisaged to go beyond $139 billion in 2012.
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9b9b5dd1-471c-4b4a-b92f-f63474848927
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723099.0
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2012-10-03 00:00:00 UTC
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We're Bullish on Industrial and Energy Stocks
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DE
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https://www.nasdaq.com/articles/were-bullish-industrial-and-energy-stocks-2012-10-03
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nan
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nan
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Submitted by Covestor Ltd. as part of our contributors program .
Author: Ben Dickey, BSG&L Financial Services LLC
The first quarter of 2012 came in with fairly good growth, both in GDP and employment gains. However, the second quarter results stumbled to 1.5% growth. The latest revision moved second quarter growth up to 1.7%. We have now seen GDP output decline from 3% growth in the fourth quarter of last year to 1.9% in the first quarter of this year and now down to 1.7% growth in the second quarter. Estimates for July and August are for approximately a 1.3% growth rate on average.
Our economy is still being impacted by several factors, with the European debt troubles being one of them. The world is waiting on Mario Draghi to decide what the European Central Bank is going to propose. (One plan under consideration involves unlimited purchases of government bonds, reports Bloomberg.)
The price of sovereign debt rises and falls on every news story about the crisis. Capital outflows from Europe are high, adding to the flood of foreign capital coming into the United States. To compound Europe's problems, Finland, Germany and Belgium are beginning to have doubts about supporting southern Europe.
Another critical factor causing the slowdown in the U. S. economy is the massive fiscal cliff that the economy is facing at the end of the year. The expiration of the "Bush-era" tax cuts, the temporary reduction of the payroll tax cuts, and the extended level of unemployment benefits will all expire on December 31st.
Compounding the problem is the "Sequestration" of government spending, due to the failure of the Super Committee, is also scheduled to take effect in January, 2013. Not knowing whether or not the economy is going to actually go over the cliff at year end has many businesses in a wait and see mode of operations.
A whole lot of spending and expansion plans are on hold until a clearer picture unfolds. As a result of the economic slowdown, the overall market sentiment has turned extremely pessimistic. I believe that businesses will not have a clear understanding of the resolution to the fiscal cliff scenario until after the election in November.
However, amidst all the doom and gloom with the U.S. economy are several areas of bright sunshine. A byproduct of the weakening world economies is falling commodity prices, at least in the near term. Overall, even with all of the negativity, our economy does continue to expand, albeit at a slower rate. The U.S. Purchasing Managers Index (PMI) has shown growth in the manufacturing sector every month from August 2009 until May of this year. Although, June and July have turned negative, the manufacturing segment has shown slow but steady growth.
There are several other market segments doing well. Major technological advances in the oil & gas industry have allowed the U.S. to increase their oil production for the first time in over 20 years. As companies learn more about drilling in shale formations, they are decreasing the space between wells and pad drilling, meaning they can drill four or more wells from one location. Both of these items reduce the cost of drilling wells. There is also a move to lessen the use of ceramic proppant and replace it with sand which is cheaper. This will increase the profitability of companies drilling in the shale plays.
The low natural gas price is lowering operating costs for many manufacturing companies. Utilities, where they are able, are changing from burning coal to burning natural gas for electricity production. This should help lower utility costs to both the commercial and residential user, helping the U.S. economy.
In addition, the increased production of natural gas liquids such as ethane, propane and butane has lowered the input costs for the chemical industry. As a result, chemical companies are moving production back to the U. S. from overseas which is causing plants in the Gulf Coast to expand capacity at a strong clip. Several chemical producers we follow have shown nice price gains recently. New pipelines are under construction.
The lower leg of the Keystone XL pipeline from Cushing OK to the Texas gulf coast refineries has finally received the last approval. This should be finished by mid-2013. The new pipelines will lower transportation cost from the Eagle Ford, Permian Basin and Marcellus shale's to the refineries.
The lower transportation cost provided by the new pipelines delivering natural gas liquids will make the U.S. chemical industry even more competitive. The Keystone will bring more crude oil to the refineries, allowing us to lower the amount of imported oil and allowing the refineries to improve their profits.
Throughout the world, emerging market economies have slowed down, but still have a growth rate of mid to upper single digits. China and India have slowed as export demand for goods going to Europe have slowed. However, an increasing middle class in these markets is beginning to make these countries less dependent on exports. In addition, Mexico, Indonesia, South Korea and Central America are growing at faster rates than the BRIC countries are.
Despite all the negative news, the market has improved over the last few weeks. There is a lot of anticipation of further Quantified Easing from the Federal Reserve which has helped the market move higher. However, over the last few days, some selling has been evident. At present, it is hard to tell if this is profit taking or the slow down is beginning to take a toll on the markets.
BSG&L has a long term investment horizon. This belief causes us to stay with an overweighting in our basic portfolio allocation to industrials in our Growth Portfolio. We like Caterpillar ( CAT ) as the best choice for heavy industrials. They are the behemoth in this business. Their sales in China and India have slowed, but their geographical diversity helps them.
We still like Deere & Company ( DE ), Honeywell International ( HON ), United Technologies ( UTX ), Emerson Electric ( EMR ), and Cummins (CMI) in the industrial sector as well. Several of these stocks are dramatically over sold. As the market settles down we will add to our positions.
In the energy service sector we like Helmerich & Payne (HP), Cameron International (CAM), Halliburton (HAL), Mitcham Industries (MIND) and Schlumberger (SLB). Our commodities and energy holdings have changed very little. We continue to like Continental Resources (CLR), Anadarko Petroleum (APC) and EOG Resources (EOG) in energy. EOG and Continental Resources have shown large increases in production year over year.
We are adding to our position in Oasis Petroleum (OAS). We still like industrial commodity producers Peabody Energy (BTU), Freeport-McMoRan Copper & Gold (FCX), Cliffs Natural Resources (CLF), and Southern Copper (SCCO).
Industrial commodity prices have seen a large pull back, pulling these company's share prices down. Our belief is you should be building your cash position for now and let the markets settle down. I believe you will be able to purchase these companies at good value prices before the end of the year for another good upward move.
As we have been saying for quite a few months now, the pipeline companies and commodity Master Limited Partnerships are experiencing tremendous growth although their stock prices have been impacted by the drop in oil and natural gas prices. We think this is an excellent time to add to these positions for the long term increases in stock price and distribution amounts that we think are coming.
As a result, in our Growth Plus Income portfolio we continue to add Kinder Morgan Energy Partners (KMP), Linn Energy (LINE), Enterprise Products Partners (EPD), SandRidge Mississippian Trust (SDT) and SeaDrill Limited (SDRL).
These companies have good dividend rates and I believe that there is big demand for new pipeline construction. As new technology increases the output of oil, natural gas and natural gas liquids, this production will move through the new pipelines. We believe the above companies will show tremendous growth over the next ten years.
Just to restate, I believe the European debt problem and the upcoming U.S. elections have us concerned about market activity for the rest of this year. Hedging this volatility, in my opinion, will be hard. Gold last year was as volatile as the stock markets. I believe copper and oil will be the inflation hedges going forward.
Central Banks around the world have injected so much liquidity into markets, that when it is put to work, commodities will move dramatically in price. BSG&L is a long term investor. We believe if you are patient, build cash and buy good companies on pullbacks, your portfolio will have good growth over the long term.
Covestor models: Pure Growth and Growth Plus Income
Disclosure: Long all stocks mentioned
Disclosure: The investments discussed are held in client accounts as of August 31, 2012. These investments may or may not be currently held in client accounts.The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or that investment decisions we make in the future will be profitable.
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.
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 still like Deere & Company ( DE ), Honeywell International ( HON ), United Technologies ( UTX ), Emerson Electric ( EMR ), and Cummins (CMI) in the industrial sector as well. We have now seen GDP output decline from 3% growth in the fourth quarter of last year to 1.9% in the first quarter of this year and now down to 1.7% growth in the second quarter. Our economy is still being impacted by several factors, with the European debt troubles being one of them.
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The lower transportation cost provided by the new pipelines delivering natural gas liquids will make the U.S. chemical industry even more competitive. We have now seen GDP output decline from 3% growth in the fourth quarter of last year to 1.9% in the first quarter of this year and now down to 1.7% growth in the second quarter. Our economy is still being impacted by several factors, with the European debt troubles being one of them.
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We have now seen GDP output decline from 3% growth in the fourth quarter of last year to 1.9% in the first quarter of this year and now down to 1.7% growth in the second quarter. Covestor models: Pure Growth and Growth Plus Income Disclosure: Long all stocks mentioned Disclosure: The investments discussed are held in client accounts as of August 31, 2012. Our economy is still being impacted by several factors, with the European debt troubles being one of them.
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China and India have slowed as export demand for goods going to Europe have slowed. We have now seen GDP output decline from 3% growth in the fourth quarter of last year to 1.9% in the first quarter of this year and now down to 1.7% growth in the second quarter. Our economy is still being impacted by several factors, with the European debt troubles being one of them.
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54948c28-f38b-44e3-a968-6983b59b28d3
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