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723100.0
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2012-09-28 00:00:00 UTC
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Market Wrap-Up for Sept.28 (ACN, NKE, MCD, CSCO, DE, DD, more)
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https://www.nasdaq.com/articles/market-wrap-sept28-acn-nke-mcd-csco-de-dd-more-2012-09-28
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Today marked the final trading day of the third quarter, and selling was a central theme following yesterday's euphoric reaction to the latest in a string of global bailouts.
Looking at some of the stock-specific movers making headlines. Nike ( NKE ) shares ended lower following the company's latest earnings results. If you remember, the company warned its numbers would be weak last quarter, and the stock sold off back then as well. Moving in the opposite direction on better-than-expected earnings news were shares of consultant giant Accenture ( ACN ), which also raised its dividend payout rather handsomely.
Elsewhere, Wall Street analyst moves are certainly abundant. Bucking the early selling were shares of Cisco Systems ( CSCO ) and Deere & Co. ( DE ), as both names moved up on the backs of positive analyst commentary. Not faring as well and moving lower on cautious analyst notes were shares of McDonald's ( MCD ), Ross Stores ( ROST ), and DuPont ( DD ).
Now I Know Where the Market Anxiety Comes From
Every once in a while, we'll receive an email here at Dividend.com from a panicky subscriber who recently bought a stock we recommend, only to see the shares fall a buck or so after buying it. I always scratch my head in these situations, since a relatively small short-term drop shouldn't be enough to give dividend investors any anxiety. Upon examining some recent calls by mainstream Wall Street analysts, however, I now better understand the culture of fear surrounding one-day price moves.
For example, check out the following analyst call this morning on McCormick & Company ( MKC ):
Oh, really? You don't think MKC's story is broken? The stock pulled back just 2% yesterday and currently sits only $2 off ALL-TIME HIGHS. Thanks for the revelation!
Folks, pay attention closely and try try understand what is news and what isn't. Adding drama is a common ingredient to business reporting these days. Please don't let it affect your long-term vision on accumulating quality dividend-paying stocks that can help build you a hefty nest egg in the years to come.
Grabbing the Microphone
It's tough being a New York Jets fan these days, as the team continues to struggle to find any sort of consistency. Unfortunately the only area the team does show consistency in is boasting. Whether it's their head coach Rex Ryan proclaiming the team has a top-five defense, or how this is the best team he has have ever coached, or Antonio Cromartie proclaiming he is the best cornerback in the league now that teammate Darrelle Revis suffered a season-ending knee injury, the Jets always seem to be digging themselves some kind of hole. It's easy to see how the team has become one of the NFL's most hated. This fact doesn't sit well with me, especially when all the talking doesn't correlate with winning championships.
Remember, people that achieve true success are rarely the ones boasting the most. Most real successes simply let their work speak for themselves. When looking at your own career, I can offer no better advice than to just put your head down and get things done. For would-be entrepreneurs who keep complaining about their everyday jobs, either step up and make things happen or give it a rest. We could all do with less noise and more results, if you ask me.
A Look to Next Week and a Weekend Preview
Looking ahead to next week, third quarter earnings will continue to be very light, but we will get results from companies such as Yum Brands ( YUM ), Monsanto ( MON ), and Marriott International ( MAR ). The focus will also continue to be on the economic data as well as the latest Wall Street analyst calls.
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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Moving in the opposite direction on better-than-expected earnings news were shares of consultant giant Accenture ( ACN ), which also raised its dividend payout rather handsomely. Bucking the early selling were shares of Cisco Systems ( CSCO ) and Deere & Co. ( DE ), as both names moved up on the backs of positive analyst commentary. Nike ( NKE ) shares ended lower following the company's latest earnings results.
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Nike ( NKE ) shares ended lower following the company's latest earnings results. Moving in the opposite direction on better-than-expected earnings news were shares of consultant giant Accenture ( ACN ), which also raised its dividend payout rather handsomely. Bucking the early selling were shares of Cisco Systems ( CSCO ) and Deere & Co. ( DE ), as both names moved up on the backs of positive analyst commentary.
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Bucking the early selling were shares of Cisco Systems ( CSCO ) and Deere & Co. ( DE ), as both names moved up on the backs of positive analyst commentary. Whether it's their head coach Rex Ryan proclaiming the team has a top-five defense, or how this is the best team he has have ever coached, or Antonio Cromartie proclaiming he is the best cornerback in the league now that teammate Darrelle Revis suffered a season-ending knee injury, the Jets always seem to be digging themselves some kind of hole. Nike ( NKE ) shares ended lower following the company's latest earnings results.
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Nike ( NKE ) shares ended lower following the company's latest earnings results. Moving in the opposite direction on better-than-expected earnings news were shares of consultant giant Accenture ( ACN ), which also raised its dividend payout rather handsomely. Bucking the early selling were shares of Cisco Systems ( CSCO ) and Deere & Co. ( DE ), as both names moved up on the backs of positive analyst commentary.
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6f3d6643-c504-4d7a-92d3-010a0a5b82a5
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723101.0
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2012-09-19 00:00:00 UTC
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Top Performing Japanese Stocks on the NYSE (NMR, MFG, KUB)
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https://www.nasdaq.com/articles/top-performing-japanese-stocks-nyse-nmr-mfg-kub-2012-09-19
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The Bank of Japan's surprise decision to follow the U.S. Federal Reserve's lead and launch a new round its own quantitative easing lifted Asian and European stocks, and even buoyed the U.S. markets in early trading Wednesday. Japan's central bank announced that it will increase the size of its quantitative easing program by 10 trillion yen, or more than $12.6 billion. The increase in the plan represents about 22 percent of the total stimulus to date.
See also: Benzinga Market Primer, Wednesday September 19
U.S. listed stocks of Japanese companies are largely higher in Wednesday morning trading. Here is quick look at three of the best performing of those stocks so far this year: Nomura Holdings (NYSE: NMR ), Mizuho Financial Group (NYSE: MFG ) and Kubota (NYSE: KUB ).
Nomura Holdings
This Tokyo-based investment brokerage has market capitalization of more than $14 billion. The long-term earnings per share ( EPS ) growth forecast is more than 32 percent and the operating margin is better than that of competitor Bank of America (NYSE: BAC ). But Nomura's return on equity is in negative territory. Short interest is much less than one percent of the float. Only two analysts surveyed by Thomson/First Call follow the stock. The current share price has overrun the mean price target. The stock is more than 24 percent higher year to date, but still off about 21 percent from the 52-week high back in March. Over the past six months, Nomura has underperformed Bank of America and the broader U.S. markets.
Mizuho Financial Group
This Tokyo-based bank has a market cap of more than $41 billion. Its price-to-earnings (P/E) ratio is lower than the industry average. EPS are forecast to grow more than 34 percent this year. Short interest is much less than one percent of the float. Again, only two analysts polled by Thomson Reuters follow the stock, but one of them rates Mizuho at Strong Buy. Their mean price target is more than 17 percent higher than the current share price, as well as higher than the 52-week high. Mizuho is up almost 15 percent year to date and has outperformed Japanese competitors Mitsubishi UFJ Financial Group (NYSE: MTU ) and Sumitomo Mitsui Financial Group (NYSE: SMFG ), as well as Citigroup (NYSE: C ), over the past six months.
Kubota
This maker of machinery and industrial goods is headquartered in Osaka and sports a market cap is about $13 billion. Its P/E ratio is 16.8, and the return on equity is more than nine percent, which is much less than that of U.S. competitors Caterpillar (NYSE: CAT ) and Deere (NYSE: DE ). Again the short interest in Kubota is near zero. The stock reached a 52-week high late last week but has pulled back more than two percent since then. Still, the share price is up more than 18 percent in the past 90 days and more than 20 percent higher year to date. Over the past six months, Kubota has outperformed Caterpillar and Deere, as well as Tokyo-based Nippon Steel.
(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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The Bank of Japan's surprise decision to follow the U.S. Federal Reserve's lead and launch a new round its own quantitative easing lifted Asian and European stocks, and even buoyed the U.S. markets in early trading Wednesday. Over the past six months, Nomura has underperformed Bank of America and the broader U.S. markets. Its P/E ratio is 16.8, and the return on equity is more than nine percent, which is much less than that of U.S. competitors Caterpillar (NYSE: CAT ) and Deere (NYSE: DE ).
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The Bank of Japan's surprise decision to follow the U.S. Federal Reserve's lead and launch a new round its own quantitative easing lifted Asian and European stocks, and even buoyed the U.S. markets in early trading Wednesday. Over the past six months, Nomura has underperformed Bank of America and the broader U.S. markets. Its P/E ratio is 16.8, and the return on equity is more than nine percent, which is much less than that of U.S. competitors Caterpillar (NYSE: CAT ) and Deere (NYSE: DE ).
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The Bank of Japan's surprise decision to follow the U.S. Federal Reserve's lead and launch a new round its own quantitative easing lifted Asian and European stocks, and even buoyed the U.S. markets in early trading Wednesday. Over the past six months, Nomura has underperformed Bank of America and the broader U.S. markets. Its P/E ratio is 16.8, and the return on equity is more than nine percent, which is much less than that of U.S. competitors Caterpillar (NYSE: CAT ) and Deere (NYSE: DE ).
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The Bank of Japan's surprise decision to follow the U.S. Federal Reserve's lead and launch a new round its own quantitative easing lifted Asian and European stocks, and even buoyed the U.S. markets in early trading Wednesday. Over the past six months, Nomura has underperformed Bank of America and the broader U.S. markets. Its P/E ratio is 16.8, and the return on equity is more than nine percent, which is much less than that of U.S. competitors Caterpillar (NYSE: CAT ) and Deere (NYSE: DE ).
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166d9a5e-9a01-46ef-9c9a-dbc4e2892f1b
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723102.0
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2012-09-17 00:00:00 UTC
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Zacks #5 Rank Additions for Monday - Tale of the Tape
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-monday-tale-of-the-tape-2012-09-17
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Basic Energy Services, Inc. ( BAS )
Cache, Inc. ( CACH )
Carrizo Oil & Gas, Inc. ( CRZO )
Corning Inc. ( GLW )
Deere & Co. ( DE )
View the entire Zacks #5 Rank List .
BASIC EGY SVCS (BAS): Free Stock Analysis Report
CACHE INC (CACH): Free Stock Analysis Report
CARRIZO OIL&GAS (CRZO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
CORNING INC (GLW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Basic Energy Services, Inc. ( BAS ) Cache, Inc. ( CACH ) Carrizo Oil & Gas, Inc. ( CRZO ) Corning Inc. ( GLW ) Deere & Co. ( DE ) View the entire Zacks #5 Rank List . BASIC EGY SVCS (BAS): Free Stock Analysis Report CACHE INC (CACH): Free Stock Analysis Report CARRIZO OIL&GAS (CRZO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report CORNING INC (GLW): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Basic Energy Services, Inc. ( BAS ) Cache, Inc. ( CACH ) Carrizo Oil & Gas, Inc. ( CRZO ) Corning Inc. ( GLW ) Deere & Co. ( DE ) View the entire Zacks #5 Rank List . BASIC EGY SVCS (BAS): Free Stock Analysis Report CACHE INC (CACH): Free Stock Analysis Report CARRIZO OIL&GAS (CRZO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report CORNING INC (GLW): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Basic Energy Services, Inc. ( BAS ) Cache, Inc. ( CACH ) Carrizo Oil & Gas, Inc. ( CRZO ) Corning Inc. ( GLW ) Deere & Co. ( DE ) View the entire Zacks #5 Rank List . BASIC EGY SVCS (BAS): Free Stock Analysis Report CACHE INC (CACH): Free Stock Analysis Report CARRIZO OIL&GAS (CRZO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report CORNING INC (GLW): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Basic Energy Services, Inc. ( BAS ) Cache, Inc. ( CACH ) Carrizo Oil & Gas, Inc. ( CRZO ) Corning Inc. ( GLW ) Deere & Co. ( DE ) View the entire Zacks #5 Rank List . BASIC EGY SVCS (BAS): Free Stock Analysis Report CACHE INC (CACH): Free Stock Analysis Report CARRIZO OIL&GAS (CRZO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report CORNING INC (GLW): 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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b1e3fff8-9dd3-44e2-8051-300e0444f6df
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723103.0
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2012-09-12 00:00:00 UTC
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-wednesday-tale-of-the-tape-2012-09-12
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Archer Daniels Midland Co. ( ADM )
Cellcom Israel Ltd. ( CEL )
Deere & Co. ( DE )
eGain Communications Corp. ( EGAN )
Forrester Research, Inc. ( FORR )
View the entire Zacks #5 Rank List .
ARCHER DANIELS (ADM): Free Stock Analysis Report
CELLCOM ISRAEL (CEL): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
EGAIN COMM CORP (EGAN): Free Stock Analysis Report
FORRESTER RESH (FORR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Archer Daniels Midland Co. ( ADM ) Cellcom Israel Ltd. ( CEL ) Deere & Co. ( DE ) eGain Communications Corp. ( EGAN ) Forrester Research, Inc. ( FORR ) View the entire Zacks #5 Rank List . ARCHER DANIELS (ADM): Free Stock Analysis Report CELLCOM ISRAEL (CEL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EGAIN COMM CORP (EGAN): Free Stock Analysis Report FORRESTER RESH (FORR): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Archer Daniels Midland Co. ( ADM ) Cellcom Israel Ltd. ( CEL ) Deere & Co. ( DE ) eGain Communications Corp. ( EGAN ) Forrester Research, Inc. ( FORR ) View the entire Zacks #5 Rank List . ARCHER DANIELS (ADM): Free Stock Analysis Report CELLCOM ISRAEL (CEL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EGAIN COMM CORP (EGAN): Free Stock Analysis Report FORRESTER RESH (FORR): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Archer Daniels Midland Co. ( ADM ) Cellcom Israel Ltd. ( CEL ) Deere & Co. ( DE ) eGain Communications Corp. ( EGAN ) Forrester Research, Inc. ( FORR ) View the entire Zacks #5 Rank List . ARCHER DANIELS (ADM): Free Stock Analysis Report CELLCOM ISRAEL (CEL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EGAIN COMM CORP (EGAN): Free Stock Analysis Report FORRESTER RESH (FORR): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Archer Daniels Midland Co. ( ADM ) Cellcom Israel Ltd. ( CEL ) Deere & Co. ( DE ) eGain Communications Corp. ( EGAN ) Forrester Research, Inc. ( FORR ) View the entire Zacks #5 Rank List . ARCHER DANIELS (ADM): Free Stock Analysis Report CELLCOM ISRAEL (CEL): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report EGAIN COMM CORP (EGAN): Free Stock Analysis Report FORRESTER RESH (FORR): 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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3b1698fb-ae4b-4b5c-9a17-8dca5f44b955
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723104.0
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2012-09-05 00:00:00 UTC
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Set Long Positions Now Ahead Of ECB & FOMC Actions
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https://www.nasdaq.com/articles/set-long-positions-now-ahead-ecb-fomc-actions-2012-09-05
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By Markos Kaminis (Wall St. Greek) :
Over the next several weeks, given the developments at the European Central Bank (ECB) and the U.S. Federal Reserve, traders should take stocks higher. A look at the three month chart shows the impact of deteriorating economic data globally, but daily action indicates trader interest and hope in further central bank assistance. Therefore, heading into what looks like a likely issuance of new quantitative easing from the American central bank and supportive bond purchases from the Europeans, the next severalweeks of trading have support.
The 3-month chart of the SPDR S&P 500 Index ETF ( SPY ) shows a flattening of a longer term bullish trend. However, the choppiness in between has mostly been driven by speculation about ECB and U.S. Fed policy action to support. The clearest example of this came when ECB President Mario Draghi strongly stated the ECB would support the euro in late July. That set European stocks on fire, and it came at a time when the region needed some sort of catalyst.
The iShares S&P Europe 350 Index is up 6.3% since that fateful day. Unfortunately, as time passed, the market began to see that Draghi's words may not carry with them the will of theeurozone . Bundesbank President Jens Weidmann remains as a key objector, and German Chancellor Angela Merkel declared Germany's objection to Draghi's plan today.
The details of the plan are leaking out, but it is expected to be formally presented tomorrow, September 6, 2012. It is thought that the ECB will purchase sovereign short-term bonds of terms of one to three years. While unlimited, those purchases are expected to be offset by sales elsewhere in the system in order to sterilize their impact to euro money supply. That would address my concerns that the central banks of the world, plus factors not yet incorporated into consensus thinking, threaten to make fiat currency worth significantly less over time. Because of the rumored construct of this plan, and assuming it would be approved, the action would ease concerns about the region's chances of experiencing full recovery. This should lend more support for stocks globally, with a focus on Europe.
Federal Reserve Chairman Bernanke's Jackson Hole speech last weekend left most market participants (as I see it) feeling more comfortable about the prospect of Fed action in September. I don't think the rumblings from the GOP convention about Bernanke not being extended an invitation to stay under a Romney administration will serve to keep the independent Federal Reserve from acting in favor of markets and the economy in September. If I was told I would lose my job under certain circumstances, I'm not sure political perception would matter any longer in my decision making. Bernanke has all the more reason to act now in September.
The latest economic data reported yesterday, showing the ISM Manufacturing Index contracted deeper into the red, only demands further action from those who can so flail. The Dow Jones Industrials took a hit on the economic news, but would find support with central bank action as depicted here. The Dow Jones Industrial Average ETF ( DIA ) is higher this morning, after a rough time of it yesterday, and that is likely a sign of what's to come over the forward few weeks. Hard hit industrial stocks like Caterpillar ( CAT ), General Electric ( GE ) and Deere ( DE ), which fell yesterday, are strongly higher today,I believe, on this prospect. So, while the market is lazily returning to its regular speed, you might have an opportunity to set short short-term long bets today. I qualify the buy recommendation to the short short-term, because I see economic results only deteriorating after the central banks act.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
See also Earnings Preview: Quiksilver on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Federal Reserve Chairman Bernanke's Jackson Hole speech last weekend left most market participants (as I see it) feeling more comfortable about the prospect of Fed action in September. I don't think the rumblings from the GOP convention about Bernanke not being extended an invitation to stay under a Romney administration will serve to keep the independent Federal Reserve from acting in favor of markets and the economy in September. Hard hit industrial stocks like Caterpillar ( CAT ), General Electric ( GE ) and Deere ( DE ), which fell yesterday, are strongly higher today,I believe, on this prospect.
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By Markos Kaminis (Wall St. Greek) : Over the next several weeks, given the developments at the European Central Bank (ECB) and the U.S. Federal Reserve, traders should take stocks higher. A look at the three month chart shows the impact of deteriorating economic data globally, but daily action indicates trader interest and hope in further central bank assistance. The clearest example of this came when ECB President Mario Draghi strongly stated the ECB would support the euro in late July.
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By Markos Kaminis (Wall St. Greek) : Over the next several weeks, given the developments at the European Central Bank (ECB) and the U.S. Federal Reserve, traders should take stocks higher. A look at the three month chart shows the impact of deteriorating economic data globally, but daily action indicates trader interest and hope in further central bank assistance. The Dow Jones Industrials took a hit on the economic news, but would find support with central bank action as depicted here.
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A look at the three month chart shows the impact of deteriorating economic data globally, but daily action indicates trader interest and hope in further central bank assistance. The Dow Jones Industrials took a hit on the economic news, but would find support with central bank action as depicted here. By Markos Kaminis (Wall St. Greek) : Over the next several weeks, given the developments at the European Central Bank (ECB) and the U.S. Federal Reserve, traders should take stocks higher.
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34a1ad70-9bb4-4fb0-837e-850be30ed2f8
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723105.0
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2012-08-31 00:00:00 UTC
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Why We Added Baker Hughes And Caterpillar To The Portfolio
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https://www.nasdaq.com/articles/why-we-added-baker-hughes-and-caterpillar-portfolio-2012-08-31
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Submitted by Covestor Ltd. as part of our contributors program .
Author: CJ Brott, Capital Ideas
Last month we wrote about a potential end to investor gloom and the possibility of making money in shorter term momentum stocks. That is happening.
The market indices are rising and that is stirring animal spirits. Trading opportunities are opening up for some of the beaten up stocks. And we are excited because these stocks are far safer than the high relative strength stocks normally associated with momentum investing.
In this atmosphere we have continued putting money back to work. Recently we bought two cyclical stocks. Both companies' stock prices have been depressed by worries about the economy and yet each reported earnings that exceeded expectations.
One is Baker Hughes ( BHI ) and the other Caterpillar ( CAT ). Both stocks have declined substantially from their highs and formed reasonable bases from which to launch a rally. We think these companies should benefit short term and could continue higher if the market does.
Baker Hughes fell from $64 to $38 before stabilizing. It fell with the collapse of oil and gas prices and production problems in the Bakken shale. But with earnings of about $4 per share it was too cheap. Now with oil, gas, and the stock market rising, it is a very interesting play.
Caterpillar has fallen on China worries and a current belief that the economy worldwide is collapsing. But with earnings of $10 per share and a favorable outlook for the future, it is hard to justify the fall from $116 to $80 per share.
With the market rallying and investors looking for familiar companies which pay dividends CAT may rally back towards its old high.
Last month we stated that bear markets end with a whimper not a bang. It would be easy to believe that we have heard that whimper and become euphoric as the market indices approach their old highs. Rather than blindly following the crowd we believe now is the time to analyze the underpinnings of the current market rally.
From a technical perspective, the current rally is based on a narrowing group of stocks. This is not a formula for long term success. So we will be watching to see if participation broadens and the market demonstrates staying power. If so we would expect to see a continuation of the current move with the potential for multi-year highs.
From the fundamental perspective we still face the November elections and the worry of Congressional inaction resulting in the so called "fiscal cliff." This uncertainty is causing investment by business into their companies to grind to a halt.
Their current outlook remains gloomy. But while businessmen look at current conditions and cannot invest, a market professionals' business is to look to the future and determine if stock prices have already discounted the worst possible outcome.
As professionals we cannot know the future so we will be guided not by today's news but by market conditions. In the short term if the market falls, we will look for opportunities to become more fully invested. If the markets continue to rise as they become more fully priced, we will most likely reduce exposure. For now we will try to sit back and enjoy the ride.
Covestor models: Macro Plus Income, ETF Only
Disclosure: Long BHI, CAT
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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Author: CJ Brott, Capital Ideas Last month we wrote about a potential end to investor gloom and the possibility of making money in shorter term momentum stocks. But while businessmen look at current conditions and cannot invest, a market professionals' business is to look to the future and determine if stock prices have already discounted the worst possible outcome. Both companies' stock prices have been depressed by worries about the economy and yet each reported earnings that exceeded expectations.
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Covestor models: Macro Plus Income, ETF Only Disclosure: Long BHI, CAT Covestor Ltd. is a registered investment advisor. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Author: CJ Brott, Capital Ideas Last month we wrote about a potential end to investor gloom and the possibility of making money in shorter term momentum stocks.
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With the market rallying and investors looking for familiar companies which pay dividends CAT may rally back towards its old high. But while businessmen look at current conditions and cannot invest, a market professionals' business is to look to the future and determine if stock prices have already discounted the worst possible outcome. Covestor models: Macro Plus Income, ETF Only Disclosure: Long BHI, CAT Covestor Ltd. is a registered investment advisor.
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With the market rallying and investors looking for familiar companies which pay dividends CAT may rally back towards its old high. Covestor models: Macro Plus Income, ETF Only Disclosure: Long BHI, CAT Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models.
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f7528d6e-3669-4a78-95cf-5a047258c3b8
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723106.0
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2012-08-30 00:00:00 UTC
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Terex to Redeem $300M Notes - Analyst Blog
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DE
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https://www.nasdaq.com/articles/terex-to-redeem-%24300m-notes-analyst-blog-2012-08-30
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Terex Corporation ( TEX ) will redeem $300 million senior notes bearing an interest rate of 10-7/8% and maturing in 2016. The redemption of the notes, issued in May 2009, will be effective on September 28, 2012.
Terex decided to pay the holders the principal amount, a premium which will be calculated under the make-whole provision of the indentures plus accrued interest of $35.34 per $1,000 principal amount at the redemption date.
The decision fits well with Terex's strategy, helping it to improve earnings and generate cash flow thus assisting the company in reducing its debt level. The company focuses on reducing its interest expenses to improve its overall capital structure.
The company's debt to capital ratio, as of June 30, 2012, was 54.7%, compared with 54.6% as of December 31, 2011. With the note redemption, the debt level is expected to fall.
During the second quarter, the company posted adjusted earnings of 75 cents per share, easily beating the Zacks Consensus Estimate of 49 cents. Terex generated free cash flows of $155 million during the quarter.
Earlier, in January 18, 2011, Terex completed the redemption of $297.6 million 7-3/8% outstanding senior subordinated notes due 2014. The total cash paid was $312.3 million.
Terex has made significant progress in diversifying its businesses, achieving growth in targeted areas and cultivating new revenue streams. The company completed the acquisition of nearly 82% shares of Demag Cranes AG in August last year and added a new business unit called Cranes segment.
Terex operates in highly competitive markets. The company competes with large players like Caterpillar Inc. ( CAT ) and Deere and Company ( DE ) with greater financial resources, as well as smaller manufacturers that compete primarily on price. If the competitors resort to price cuts, then the company would be forced either to lower prices on its products or lose market share.
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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The decision fits well with Terex's strategy, helping it to improve earnings and generate cash flow thus assisting the company in reducing its debt level. Earlier, in January 18, 2011, Terex completed the redemption of $297.6 million 7-3/8% outstanding senior subordinated notes due 2014. Terex has made significant progress in diversifying its businesses, achieving growth in targeted areas and cultivating new revenue streams.
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The decision fits well with Terex's strategy, helping it to improve earnings and generate cash flow thus assisting the company in reducing its debt level. 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. Terex Corporation ( TEX ) will redeem $300 million senior notes bearing an interest rate of 10-7/8% and maturing in 2016.
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The decision fits well with Terex's strategy, helping it to improve earnings and generate cash flow thus assisting the company in reducing its debt level. Earlier, in January 18, 2011, Terex completed the redemption of $297.6 million 7-3/8% outstanding senior subordinated notes due 2014. 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.
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With the note redemption, the debt level is expected to fall. Earlier, in January 18, 2011, Terex completed the redemption of $297.6 million 7-3/8% outstanding senior subordinated notes due 2014. Terex Corporation ( TEX ) will redeem $300 million senior notes bearing an interest rate of 10-7/8% and maturing in 2016.
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0ab7a2ef-421a-4eb0-8f4f-c95e41077df4
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723107.0
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2012-08-24 00:00:00 UTC
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Record EPS for Toro in 3Q - Analyst Blog
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DE
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https://www.nasdaq.com/articles/record-eps-for-toro-in-3q-analyst-blog-2012-08-24
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nan
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Toro Co. ( TTC ) reported record third quarter 2012 earnings of 67 cents per share, up 22% from 55 cents in the year-ago quarter and outperforming the Zacks Consensus Estimate of 62 cents per share. Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales.
Operational Update
Sales inched up 1% year over year to $504 million, but fell short of the Zacks Consensus Estimate of $529 million. Strong sales performance in the Professional segment mitigated the decline in the Residential segment.
Gross profit increased 6% year over year to $178 million with gross margin expanding 180 basis points to 35.3%. Selling, general and administrative expenses increased 4% year over year to $117 million. Operating income increased 11% year over year to $61 million in the quarter. Operating margin expanded 120 basis points to 12.1% in the quarter.
Segment Performance
Professional: Sales for the segment jumped 4% year over year to $361 million. New products and strong demand in markets, despite the drought, led to increased sales of landscape maintenance equipment. Domestic sales of golf equipment and irrigation also increased on the back of strong demand of new products. Furthermore, recent acquisitions were also accretive to sales. However, international economic issues and unfavorable currency exchange were minor offsets. The segment's operating profit increased 10% to $70 million.
Residential: The segment reported sales of $136 million, down 8% year over year, affected by the drought conditions. Snow blower sales and residential riding products sales were down. However, sales of Toro's new string and hedge trimmers and shipments of walk power mowers were up slightly during the quarter. Operating income, however, saw a 10% increase on a year-over-year basis to $10 million from an adjusted $9 million in the year-ago quarter. The year-ago quarter excluded a pre-tax charge of $4.5 million for one-time costs associated with a rework issue affecting a large number of walk power mowers. Including the same, operating income in the quarter soared 117%.
Financial Position
Toro Co. ended the quarter with cash and cash equivalents of $143 million, up from the $82.6 million at the end of second quarter 2012. Cash flow from operating activities during the first nine months of fiscal 2012 improved to $165 million from $72 million in the prior-year comparable period. As of August 3, 2012, debt to capitalization ratio improved to 40% from 42.1% as of May 4, 2012.
Outlook
For fiscal 2012, Toro Co. envisions revenue growth of around 4 to 5% and net earnings to be about $2.10 per share. The earnings guidance includes a negative impact of 8 cents per share for investments related to the Astec and Stone product-line acquisitions. This has been trimmed from the company's earlier expectation of revenue growth of about 7 to 8% and net earnings of around $4.30 per share. Drought condition in the U.S and uncertain economic scenario in Europe led to the muted guidance.
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. This will help bolster Toro Co.'s sales moving ahead. The outlook looks positive for the landscape contractor business as large acreage owners who are replacing their ageing line and garden tractors with Toro's latest commercial-grade zero turn equipment. Furthermore, successful launch of new products will help drive its revenues. However, drought conditions and the uncertain European scenario remain overhang. The company currently retains a Zacks #3 Rank (short-term Hold recommendation).
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 peers of Toro Co.
Toro Co. (TTC) reported record third quarter 2012 earnings of 67 cents per share, up 22% from 55 cents in the year-ago quarter and outperforming the Zacks Consensus Estimate of 62 cents per share. Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales.
Operational Update
Sales inched up 1% year over year to $504 million, but fell short of the Zacks Consensus Estimate of $529 million. Strong sales performance in the Professional segment mitigated the decline in the Residential segment.
Gross profit increased 6% year over year to $178 million with gross margin expanding 180 basis points to 35.3%. Selling, general and administrative expenses increased 4% year over year to $117 million. Operating income increased 11% year over year to $61 million in the quarter. Operating margin expanded 120 basis points to 12.1% in the quarter.
Segment Performance
Professional: Sales for the segment jumped 4% year over year to $361 million. New products and strong demand in markets, despite the drought, led to increased sales of landscape maintenance equipment. Domestic sales of golf equipment and irrigation also increased on the back of strong demand of new products. Furthermore, recent acquisitions were also accretive to sales. However, international economic issues and unfavorable currency exchange were minor offsets. The segment's operating profit increased 10% to $70 million.
Residential: The segment reported sales of $136 million, down 8% year over year, affected by the drought conditions. Snow blower sales and residential riding products sales were down. However, sales of Toro's new string and hedge trimmers and shipments of walk power mowers were up slightly during the quarter. Operating income, however, saw a 10% increase on a year-over-year basis to $10 million from an adjusted $9 million in the year-ago quarter. The year-ago quarter excluded a pre-tax charge of $4.5 million for one-time costs associated with a rework issue affecting a large number of walk power mowers. Including the same, operating income in the quarter soared 117%.
Financial Position
Toro Co. ended the quarter with cash and cash equivalents of $143 million, up from the $82.6 million at the end of second quarter 2012. Cash flow from operating activities during the first nine months of fiscal 2012 improved to $165 million from $72 million in the prior-year comparable period. As of August 3, 2012, debt to capitalization ratio improved to 40% from 42.1% as of May 4, 2012.
Outlook
For fiscal 2012, Toro Co. envisions revenue growth of around 4 to 5% and net earnings to be about $2.10 per share. The earnings guidance includes a negative impact of 8 cents per share for investments related to the Astec and Stone product-line acquisitions. This has been trimmed from the company's earlier expectation of revenue growth of about 7 to 8% and net earnings of around $4.30 per share. Drought condition in the U.S and uncertain economic scenario in Europe led to the muted guidance.
Our Take
The 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. This will help bolster Toro Co.'s sales moving ahead. The outlook looks positive for the landscape contractor business as large acreage owners who are replacing their ageing line and garden tractors with Toro's latest commercial-grade zero turn equipment. Furthermore, successful launch of new products will help drive its revenues. However, drought conditions and the uncertain European scenario remain overhang. The company currently retains a Zacks #3 Rank (short-term Hold recommendation).
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 peers of Toro Co.
Toro Co. (TTC) reported record third quarter 2012 earnings of 67 cents per share, up 22% from 55 cents in the year-ago quarter and outperforming the Zacks Consensus Estimate of 62 cents per share. Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales.
Operational Update
Sales inched up 1% year over year to $504 million, but fell short of the Zacks Consensus Estimate of $529 million. Strong sales performance in the Professional segment mitigated the decline in the Residential segment.
Gross profit increased 6% year over year to $178 million with gross margin expanding 180 basis points to 35.3%. Selling, general and administrative expenses increased 4% year over year to $117 million. Operating income increased 11% year over year to $61 million in the quarter. Operating margin expanded 120 basis points to 12.1% in the quarter.
Segment Performance
Professional: Sales for the segment jumped 4% year over year to $361 million. New products and strong demand in markets, despite the drought, led to increased sales of landscape maintenance equipment. Domestic sales of golf equipment and irrigation also increased on the back of strong demand of new products. Furthermore, recent acquisitions were also accretive to sales. However, international economic issues and unfavorable currency exchange were minor offsets. The segment's operating profit increased 10% to $70 million.
Residential: The segment reported sales of $136 million, down 8% year over year, affected by the drought conditions. Snow blower sales and residential riding products sales were down. However, sales of Toro's new string and hedge trimmers and shipments of walk power mowers were up slightly during the quarter. Operating income, however, saw a 10% increase on a year-over-year basis to $10 million from an adjusted $9 million in the year-ago quarter. The year-ago quarter excluded a pre-tax charge of $4.5 million for one-time costs associated with a rework issue affecting a large number of walk power mowers. Including the same, operating income in the quarter soared 117%.
Financial Position
Toro Co. ended the quarter with cash and cash equivalents of $143 million, up from the $82.6 million at the end of second quarter 2012. Cash flow from operating activities during the first nine months of fiscal 2012 improved to $165 million from $72 million in the prior-year comparable period. As of August 3, 2012, debt to capitalization ratio improved to 40% from 42.1% as of May 4, 2012.
Outlook
For fiscal 2012, Toro Co. envisions revenue growth of around 4 to 5% and net earnings to be about $2.10 per share. The earnings guidance includes a negative impact of 8 cents per share for investments related to the Astec and Stone product-line acquisitions. This has been trimmed from the company's earlier expectation of revenue growth of about 7 to 8% and net earnings of around $4.30 per share. Drought condition in the U.S and uncertain economic scenario in Europe led to the muted guidance.
Our Take
The 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. This will help bolster Toro Co.'s sales moving ahead. The outlook looks positive for the landscape contractor business as large acreage owners who are replacing their ageing line and garden tractors with Toro's latest commercial-grade zero turn equipment. Furthermore, successful launch of new products will help drive its revenues. However, drought conditions and the uncertain European scenario remain overhang. The company currently retains a Zacks #3 Rank (short-term Hold recommendation).
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 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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The outlook looks positive for the landscape contractor business as large acreage owners who are replacing their ageing line and garden tractors with Toro's latest commercial-grade zero turn equipment. Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales. Strong sales performance in the Professional segment mitigated the decline in the Residential segment.
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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. Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales. Strong sales performance in the Professional segment mitigated the decline in the Residential segment.
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Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales. Strong sales performance in the Professional segment mitigated the decline in the Residential segment. Operating margin expanded 120 basis points to 12.1% in the quarter.
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Residential: The segment reported sales of $136 million, down 8% year over year, affected by the drought conditions. Increased sales of landscape maintenance, golf and irrigation equipments were the main growth drivers, partially offset by slowing residential sales. Strong sales performance in the Professional segment mitigated the decline in the Residential segment.
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1e44e69c-8c14-4d64-88f5-6c18c8aa8eb7
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723108.0
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2012-08-21 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2012-08-21
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Alcatel Lucent SA (ADR) ( ALU )
Barrick Gold Corp. ( ABX )
Compania de Minas Buenaventura SA (ADR) ( BVN )
Deere & Co. ( DE )
Dynegy Inc. ( DYNIQ )
View the entire Zacks #5 Rank List .
BARRICK GOLD CP (ABX): Free Stock Analysis Report
ALCATEL ADS (ALU): Free Stock Analysis Report
BUENAVENTUR-ADR (BVN): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
DYNEGY INC (DYNIQ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alcatel Lucent SA (ADR) ( ALU ) Barrick Gold Corp. ( ABX ) Compania de Minas Buenaventura SA (ADR) ( BVN ) Deere & Co. ( DE ) Dynegy Inc. ( DYNIQ ) View the entire Zacks #5 Rank List . BARRICK GOLD CP (ABX): Free Stock Analysis Report ALCATEL ADS (ALU): Free Stock Analysis Report BUENAVENTUR-ADR (BVN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DYNEGY INC (DYNIQ): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alcatel Lucent SA (ADR) ( ALU ) Barrick Gold Corp. ( ABX ) Compania de Minas Buenaventura SA (ADR) ( BVN ) Deere & Co. ( DE ) Dynegy Inc. ( DYNIQ ) View the entire Zacks #5 Rank List . BARRICK GOLD CP (ABX): Free Stock Analysis Report ALCATEL ADS (ALU): Free Stock Analysis Report BUENAVENTUR-ADR (BVN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DYNEGY INC (DYNIQ): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alcatel Lucent SA (ADR) ( ALU ) Barrick Gold Corp. ( ABX ) Compania de Minas Buenaventura SA (ADR) ( BVN ) Deere & Co. ( DE ) Dynegy Inc. ( DYNIQ ) View the entire Zacks #5 Rank List . BARRICK GOLD CP (ABX): Free Stock Analysis Report ALCATEL ADS (ALU): Free Stock Analysis Report BUENAVENTUR-ADR (BVN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DYNEGY INC (DYNIQ): 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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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alcatel Lucent SA (ADR) ( ALU ) Barrick Gold Corp. ( ABX ) Compania de Minas Buenaventura SA (ADR) ( BVN ) Deere & Co. ( DE ) Dynegy Inc. ( DYNIQ ) View the entire Zacks #5 Rank List . BARRICK GOLD CP (ABX): Free Stock Analysis Report ALCATEL ADS (ALU): Free Stock Analysis Report BUENAVENTUR-ADR (BVN): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report DYNEGY INC (DYNIQ): 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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ea1460ef-1345-4a07-ae15-b48278932c0f
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723109.0
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2012-08-16 00:00:00 UTC
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Stock Market News for August 16, 2012 - Market News
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https://www.nasdaq.com/articles/stock-market-news-for-august-16-2012-market-news-2012-08-16
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Signs that inflation was under control and manufacturing was picking up pace was of little help to the markets as they closed nearly flat on Wednesday. While the Street awaits the return of investors from their summer holidays, the trend of low volumes continued even yesterday. Among the individual sectors, the housing stocks showed an upward rally boosted by encouraging data.
The Dow Jones Industrial Average (DJI) slipped a mere 0.06% to close at 13,164.78. The Standard & Poor 500 (S&P 500) inched up 1.60 points or 0.1% to finish yesterday's trading session at 1,405.53. The tech-laden Nasdaq Composite Index gained 0.5% and ended at 3,030.93. The fear-gauge CBOE Volatility Index (VIX) dropped 1.5% to settle at 14.63. Consolidated volumes on the New York Stock Exchange, Nasdaq and American Stock Exchange were roughly 4.79 billion shares, sharply lower than last year's daily average of 7.84 billion. Advancers outnumbered the declining stocks on the NYSE; as for 61% stocks that gained, 36% stocks closed lower.
A slew of economic readings came out yesterday and the majority of them signaled an economic recovery. To begin with, the Board of Governors of the Federal Reserve reported that industrial production increased 0.6% in July, better than consensus estimates of a rise of 0.5%. The growth in industrial production was also far ahead of the 0.1% increase both in May and June. A growth in industrial production is a very positive sign. Being a measure of actual volume of output in a goods-producing industry uninfluenced by prices, industrial production is one of the more important economic indicators.
Separately, a report by the U.S. Bureau of Labor Statistics reported Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July. Higher food prices were offset by a 0.3% fall in the energy index. Excluding food and energy, the index edged up 0.1% in July, lower than consensus estimates of 0.2%. This also marked a change from the 0.2% rise that the index has experienced the last four times. Thus, the report suggested that inflation was under control.
However, the Empire State Manufacturing Survey by the Federal Reserve Bank of New York was not as encouraging. According to the report: "The general business conditions index slipped below zero for the first time since October 2011, falling thirteen points to -5.9. At -5.5, the new orders index was below zero for a second consecutive month, and the shipments index fell six points to 4.1". The reading of a negative 5.9% was in sharp contrast to consensus estimates of a reading of 7.2%.
While the day was largely dominated by economic data, another economic report from the National Association of Home Builders (NAHB) helped lift housing stocks. The NAHB/Wells Fargo Housing Market index jumped to 37 in August, up from 35 in last month, the highest level since February 2007. Following the report, the SPDR S&P Homebuilders (XHB) gained 0.3% and stocks including M.D.C. Holdings, Inc. (NYSE: MDC ), Lennar Corporation (NYSE: LEN ), M/I Homes Inc (NYSE: MHO ) and PulteGroup, Inc. (NYSE: PHM ) gained 0.1%, 0.2%, 2.2% and 0.6%, respectively.
The day also witnessed earnings releases by certain key companies. Deere & Company's (NYSE: DE ) quarterly earnings missed estimates owing to the global economic slowdown. The company also lowered its sales forecast for the year. Eventually, its shares slumped 6.3%. Separately, Staples, Inc. (NASDAQ: SPLS ) slumped 14.6%, missing the Street's estimates while earnings also declined from year-ago levels. However, another retailer, Abercrombie & Fitch Co. (NYSE: ANF ) jumped almost 9% with its quarterly results easily outpacing estimates. Target Corporation's (NYSE: TGT ) results also exceeded estimates and the retailer upped its yearly outlook. Shares were up 1.8%.
ABERCROMBIE (ANF): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
LENNAR CORP -A (LEN): Free Stock Analysis Report
MDC HLDGS (MDC): Free Stock Analysis Report
M/I HOMES INC (MHO): Free Stock Analysis Report
PULTE GROUP ONC (PHM): Free Stock Analysis Report
STAPLES INC (SPLS): Free Stock Analysis Report
TARGET CORP (TGT): 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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Signs that inflation was under control and manufacturing was picking up pace was of little help to the markets as they closed nearly flat on Wednesday. To begin with, the Board of Governors of the Federal Reserve reported that industrial production increased 0.6% in July, better than consensus estimates of a rise of 0.5%. Separately, Staples, Inc. (NASDAQ: SPLS ) slumped 14.6%, missing the Street's estimates while earnings also declined from year-ago levels.
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Following the report, the SPDR S&P Homebuilders (XHB) gained 0.3% and stocks including M.D.C. Holdings, Inc. (NYSE: MDC ), Lennar Corporation (NYSE: LEN ), M/I Homes Inc (NYSE: MHO ) and PulteGroup, Inc. (NYSE: PHM ) gained 0.1%, 0.2%, 2.2% and 0.6%, respectively. Deere & Company's (NYSE: DE ) quarterly earnings missed estimates owing to the global economic slowdown. ABERCROMBIE (ANF): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report MDC HLDGS (MDC): Free Stock Analysis Report M/I HOMES INC (MHO): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Following the report, the SPDR S&P Homebuilders (XHB) gained 0.3% and stocks including M.D.C. Holdings, Inc. (NYSE: MDC ), Lennar Corporation (NYSE: LEN ), M/I Homes Inc (NYSE: MHO ) and PulteGroup, Inc. (NYSE: PHM ) gained 0.1%, 0.2%, 2.2% and 0.6%, respectively. ABERCROMBIE (ANF): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report LENNAR CORP -A (LEN): Free Stock Analysis Report MDC HLDGS (MDC): Free Stock Analysis Report M/I HOMES INC (MHO): Free Stock Analysis Report PULTE GROUP ONC (PHM): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. Signs that inflation was under control and manufacturing was picking up pace was of little help to the markets as they closed nearly flat on Wednesday.
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To begin with, the Board of Governors of the Federal Reserve reported that industrial production increased 0.6% in July, better than consensus estimates of a rise of 0.5%. According to the report: "The general business conditions index slipped below zero for the first time since October 2011, falling thirteen points to -5.9. Deere & Company's (NYSE: DE ) quarterly earnings missed estimates owing to the global economic slowdown.
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44337b28-0674-4a37-8bdb-d50b3b0df8d1
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723110.0
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2012-08-16 00:00:00 UTC
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UBS, Credit Suisse Adjust Numbers Downward for Deere Following Weak Q3 Report (DE)
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DE
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https://www.nasdaq.com/articles/ubs-credit-suisse-adjust-numbers-downward-deere-following-weak-q3-report-de-2012-08-16
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nan
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Farming and construction equipment maker Deere & Company ( DE ) caught some tepid commentary from two major Wall Street firms following its disappointing third quarter earnings report .
UBS maintained its "Buy" rating on DE but lowered its earnings estimates through 2013, given Deere's weak Q3 results. Still, UBS has a $100 price target on DE, which suggests a massive 33% upside to the stock's Wednesday closing price of $75.10.
Meanwhile, Credit Suisse cut its own estimates on Deere, citing the company's weakened guidance. The analyst still rates DE an "Outperform," but lowered its price target to $90.
Deere shares posted small losses in morning trading Thursday.
The Bottom Line
Shares of Deere & Company ( DE ) have a 2.45% dividend yield, based on last night's closing stock price of $75.10. The stock has technical support in the $71-$72 price area. If the shares can firm up, we see overhead resistance around the $80-$82 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) caught some tepid commentary from two major Wall Street firms following its disappointing third quarter earnings report . UBS maintained its "Buy" rating on DE but lowered its earnings estimates through 2013, given Deere's weak Q3 results. The Bottom Line Shares of Deere & Company ( DE ) have a 2.45% dividend yield, based on last night's closing stock price of $75.10.
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UBS maintained its "Buy" rating on DE but lowered its earnings estimates through 2013, given Deere's weak Q3 results. 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. Farming and construction equipment maker Deere & Company ( DE ) caught some tepid commentary from two major Wall Street firms following its disappointing third quarter earnings report .
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Farming and construction equipment maker Deere & Company ( DE ) caught some tepid commentary from two major Wall Street firms following its disappointing third quarter earnings report . Still, UBS has a $100 price target on DE, which suggests a massive 33% upside to the stock's Wednesday closing price of $75.10. The Bottom Line Shares of Deere & Company ( DE ) have a 2.45% dividend yield, based on last night's closing stock price of $75.10.
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UBS maintained its "Buy" rating on DE but lowered its earnings estimates through 2013, given Deere's weak Q3 results. Still, UBS has a $100 price target on DE, which suggests a massive 33% upside to the stock's Wednesday closing price of $75.10. The Bottom Line Shares of Deere & Company ( DE ) have a 2.45% dividend yield, based on last night's closing stock price of $75.10.
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fd4b8a05-9cbc-41fe-9849-1f5a717cc2b4
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723111.0
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2012-08-15 00:00:00 UTC
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Ahead of Wall Street - August 15, 2012 - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/ahead-wall-street-august-15-2012-ahead-wall-street-2012-08-15
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nan
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nan
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August 15, 2012
This is Mark Vickery, covering for Sheraz Mian while he is away this week.
On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. As for the results, some are up, some are down, and some are right where they had been earlier.
The headline CPI number was unchanged for July, as it was in June, and the core number -- which removes food and energy costs -- was up 0.1%. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy. Analysts had expected roughly 1.6-1.7% on the headline number.
The Empire State Index, a survey tracking manufacturing in New York State, swung down to negative 5.85 in August, following a positive 7.39 reading in July. This is the first negative reading since last fall and down much more than expected, which points toward softness in New York factories. Keep in mind, however, this survey is prone to volatility month to month, especially relative to national monthly economic indicators.
We expect results from Industrial Production, Capacity Utilization and Homebuilding Indexes later today. Taken all together, we should have a much more complete picture about macro trends as we look ahead to the 3rd and 4th quarters of 2012.
In earnings news, Target ( TGT ) put up some healthy numbers, beating on both revenues and earnings while raising guidance for fiscal 2012. Deere & Co. ( DE ) missed its consensus EPS estimate on weaker international agriculture business, particularly in South America. Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends.
Finally, Washington DC-based power investment firm The Carlyle Group ( CG ) has acquired that well-known bank of multimedia products, Getty Images, from Hellman & Friedman for $3.3 billion. That must be a heck of a lot of pictures of movie stars.
Mark Vickery
Senior Editor
CARLYLE GROUP (CG): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & Co. ( DE ) missed its consensus EPS estimate on weaker international agriculture business, particularly in South America. Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends. On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500.
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Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends. Mark Vickery Senior Editor CARLYLE GROUP (CG): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500.
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On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. Mark Vickery Senior Editor CARLYLE GROUP (CG): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy.
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On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. Mark Vickery Senior Editor CARLYLE GROUP (CG): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy.
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c32301f3-5031-41cc-8132-e343aa434523
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723112.0
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2012-08-15 00:00:00 UTC
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Econ Trends in Finer Detail - Analyst Blog
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DE
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https://www.nasdaq.com/articles/econ-trends-finer-detail-analyst-blog-2012-08-15
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nan
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nan
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On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. As for the results, some are up, some are down, and some are right where they had been earlier.
The headline CPI number was unchanged for July, as it was in June, and the core number -- which removes food and energy costs -- was up 0.1%. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy. Analysts had expected roughly 1.6-1.7% on the headline number.
The Empire State Index, a survey tracking manufacturing in New York State, swung down to negative 5.85 in August, following a positive 7.39 reading in July. This is the first negative reading since last fall and down much more than expected, which points toward softness in New York factories. Keep in mind, however, this survey is prone to volatility month to month, especially relative to national monthly economic indicators.
We expect results from Industrial Production, Capacity Utilization and Homebuilding Indexes later today. Taken all together, we should have a much more complete picture about macro trends as we look ahead to the 3rd and 4th quarters of 2012.
In earnings news, Target ( TGT ) put up some healthy numbers, beating on both revenues and earnings while raising guidance for fiscal 2012. Deere & Co. ( DE ) missed its consensus EPS estimate on weaker international agriculture business, particularly in South America. Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends.
Finally, Washington DC-based power investment firm The Carlyle Group ( CG ) has acquired that well-known bank of multimedia products, Getty Images, from Hellman & Friedman for $3.3 billion. That must be a heck of a lot of pictures of movie stars.
CARLYLE GROUP (CG): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
TARGET CORP (TGT): 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 & Co. ( DE ) missed its consensus EPS estimate on weaker international agriculture business, particularly in South America. Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends. On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500.
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Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends. CARLYLE GROUP (CG): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500.
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On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. CARLYLE GROUP (CG): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy.
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On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. Cisco Systems ( CSCO ) reports after the bell, which should provide another piece to the puzzle of technology trends. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy.
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556dc06d-26be-4b94-b741-fe4b3d8d9834
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723113.0
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2012-08-15 00:00:00 UTC
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Deere’s Q3 Profit Grows 11%, but Still Badly Misses View; Shares Fall (DE)
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DE
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https://www.nasdaq.com/articles/deeres-q3-profit-grows-11-still-badly-misses-view-shares-fall-de-2012-08-15
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nan
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nan
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted disappointing fiscal third quarter earnings, sending its shares lower in premarket trading.
The Moline, IL-based company reported fiscal third quarter net income of $788 million, or $1.98 per share, compared with $712.3 million, or $1.69 per share, in the year-ago-period.
Revenue jumped 15% from last year to $9.59 billion.
On average, Wall Street analysts expected a much higher profit of $2.31 per share, on larger revenue of $9.614 billion.
Deere shares fell $4.10, or -5.1%, in premarket trading Wednesday.
The Bottom Line
Shares of Deere & Company ( DE ) have a 2.30% dividend yield, based on last night's closing stock price of $80.13. The stock has technical support in the $73-$74 price area. If the shares can firm up, we see overhead resistance around the $83-$84 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted disappointing fiscal third quarter earnings, sending its shares lower in premarket trading. The Bottom Line Shares of Deere & Company ( DE ) have a 2.30% dividend yield, based on last night's closing stock price of $80.13. Deere shares fell $4.10, or -5.1%, in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted disappointing fiscal third quarter earnings, sending its shares lower in premarket trading. 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. Deere shares fell $4.10, or -5.1%, in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted disappointing fiscal third quarter earnings, sending its shares lower in premarket trading. The Bottom Line Shares of Deere & Company ( DE ) have a 2.30% dividend yield, based on last night's closing stock price of $80.13. Deere shares fell $4.10, or -5.1%, in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted disappointing fiscal third quarter earnings, sending its shares lower in premarket trading. The Bottom Line Shares of Deere & Company ( DE ) have a 2.30% dividend yield, based on last night's closing stock price of $80.13. Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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b37b2228-3637-4b94-a095-6a24566ca445
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723114.0
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2012-08-15 00:00:00 UTC
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Market Wrap-Up for Aug.15 (ANF, DE, TGT, SPLS, GOOG, FB, more)
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DE
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https://www.nasdaq.com/articles/market-wrap-aug15-anf-de-tgt-spls-goog-fb-more-2012-08-15
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nan
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nan
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Did anyone see this morning's CPI (consumer price index) data? It beat analyst expectations (in a good way) and showed inflation pressures are relatively non-existent. The "slight" bump up in food prices was offset by a drop in energy prices. Now let's see a show of hands: how many people paid less in their energy bills or at the pump? That's funny, no hands are up. Oil and gas prices are spiking and the energy price data shows a decrease! Yet another reason why I keep saying the environment for investors remains quite limited as far as income opportunities go.
Getting back to the markets, earnings results helped move shares of Abercrombie & Fitch ( ANF ) and Target ( TGT ) higher following their numbers. On the flipside, Deere & Company ( DE ) and Staples ( SPLS ) got hit hard on numbers that disappointed investors. Wall Street analyst downgrades pushed stocks like Barnes & Noble ( BKS ) and Entergy ( ETR ) lower.
Google Buy Surprises Markets (And May not be Good news for Recent IPO's/Startups)
Late Monday, Google ( GOOG ) announced it would be acquiring Frommer's, one of the best-selling travel guidebooks in the world. Even though the terms were undisclosed, several sites believe the purchase price was in the $23 million neighborhood. This deal follows Google's strategy to buy Zagat, a restaurant review giant that has been around for many years. Now this piece isn't so much about Google making smart acquisitions as much as it is about what real revenue-generating businesses can sometimes go for. Now again, we don't know what Frommer's financials looked like, but on the surface, the price looks very cheap.
Recent overvalued tech IPO's like Yelp ( YELP ), Groupon ( GRPN ), Zynga ( ZNGA ), as well as Facebook ( FB ) should now be worried about the possibility Google is coming after their business - and making smart acquisitions in the process.
Investors need to take note how dangerous hype can be for companies, both public and especially private soon-to-be IPOs, which are pumped all over the various mainstream media channels. By the time the retail investor can get their hands on company shares, the best part of the investment angle has been picked clean many times over in most cases. It's clear that VC's and private investors tend to be the best-positioned in many of the deals we see on Wall Street. By the day of the IPO, these insiders are ready to cash out a good portion of their investment and move on to the next opportunity. (For obvious reasons, you won't see this kind of critical commentary on mainstream business media outlets).
Turning to real estate for a minute, a good friend of mine who dabbled in commercial real estate would often tell me the best properties were often the ones that never saw a public listing. This fact often struck me as odd. Why wouldn't property owners list their buildings publicly and try to get the best possible price for them? Well, many times, property owners don't want their tenants to panic about a potential sale affecting their leases. So to keep things quiet, the listings never see the light of day. Many of the shrewdest real estate moguls buy properties almost exclusively this way (in private, secretive deals).
At the end of the day, there are deals to be had out there, but you need to be in the right place at the right time. And more importantly, you must have the liquidity to make things happen. Otherwise, most mom-and-pop investors need to work really hard to make sure they aren't purchasing properties that plenty of smart money has already passed over.
The same concept applies to the equity markets. Always be sure your hard-earned money is being invested wisely. Look to buy quality not quantity, strength not weakness, and never base your decisions on misguided hype. As always, we'll be right here at Dividend.com helping steer you toward the best possible ideas, and perhaps more importantly, warning you about the ample dangers that exist in the markets these days.
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!
Our Beat The Markets with Dividend Stocks eBook Has Arrived!
We just debuted our brand new 275-page eBook, exclusively on Dividend.com! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Dividend.com Premium subscribers.
Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It's a great way to get prepared for your investing next year! So head over to the Dividend.com Premium homepage now to download your copy.
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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Did anyone see this morning's CPI (consumer price index) data? Oil and gas prices are spiking and the energy price data shows a decrease! On the flipside, Deere & Company ( DE ) and Staples ( SPLS ) got hit hard on numbers that disappointed investors.
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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. Did anyone see this morning's CPI (consumer price index) data? Oil and gas prices are spiking and the energy price data shows a decrease!
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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. Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. 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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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. Our Beat The Markets with Dividend Stocks eBook Has Arrived! Did anyone see this morning's CPI (consumer price index) data?
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06fcdb4a-b2ef-44d5-ae11-eb45c04699fd
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723115.0
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2012-08-15 00:00:00 UTC
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Deere Misses Revs, Outlook Shrinks - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-misses-revs-outlook-shrinks-analyst-blog-2012-08-15
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nan
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nan
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Deere & Company 's ( DE ) third quarter fiscal 2012 earnings were $1.98 per share compared with the year-ago quarter's earnings of $1.69. Earnings missed the Zacks Consensus Estimate of $2.32 per share.
Operational Update
Deere's worldwide total sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion.
Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $8.93 billion, a 16% year-over-year increase including a price rise of 5% and an unfavorable currency translation effect of 5%. On a geographic basis, equipment net sales were up 28% in the United States and Canada, and remained flat year over year in rest of the world.
Cost of sales in the quarter rose 16.6% to $6.8 billion. Operating profit improved 12.6% year over year to $1.21 billion in the quarter.
Segment Performance
The Agriculture & Turf segment's sales increased 14% to $7.2 billion, led by higher shipment volumes and improved price realization, partially offset by a negative currency translation. Operating profit at the segment improved 18% to $1.0 billion.
The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material and production costs as well as research and development expenses.
Construction & Forestry saw year-over-year sales growth of 23% to $1.66 billion, ascribed to higher shipment volumes and improved price realization. The segment operating profit increased 2.7% year over year to $113 million, driven by higher shipment and improved price realization, partially offset by higher production and raw material costs along with higher expenses related to SG&A and R&D.
Net revenues at Deere's Financial Services operations were $565 million in the reported quarter, up 2.7% from the year-ago quarter. Net income in the segment was $110.4 million, down from $125.6 million in the year-ago quarter.
Results decreased year over year, driven by higher SG&A expenses, narrow financial spreads and higher reserves for crop insurance claims, partially offset by a higher credit portfolio and lower provision for credit losses.
Financial Position
As of July 31, 2012, Deere had cash and cash equivalents of $3.4 billion, down from $3.6 billion as of July 31, 2011. Long-term borrowings increased to $21.2 billion as of July 31, 2012, from $15.9 billion as of July 31, 2011. Net cash used for operating activities for nine months ended at fiscal 2012 was $1.14 billion compared with $636.1 million in the corresponding prior-year period.
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 draught 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 draught 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.
Our View
The ongoing draught conditions prevailing in the U.S. may affect Deere's performance in the fourth quarter. Moreover, soft economic conditions in China and India are expected to weigh on revenues moving forward.
Deere faces competition from the likes of AGCO Corporation ( AGCO ) and CNHGlobal NV ( CNH ). Deere retains a short-term Zacks #4 Rank (Sell). We have a long-term Neutral recommendation on the stock.
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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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. Deere & Company 's ( DE ) third quarter fiscal 2012 earnings were $1.98 per share compared with the year-ago quarter's earnings of $1.69. Operational Update Deere's worldwide total sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion.
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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 ) third quarter fiscal 2012 earnings were $1.98 per share compared with the year-ago quarter's earnings of $1.69. Operational Update Deere's worldwide total sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion.
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Operational Update Deere's worldwide total sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion. Deere & Company 's ( DE ) third quarter fiscal 2012 earnings were $1.98 per share compared with the year-ago quarter's earnings of $1.69. The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material and production costs as well as research and development expenses.
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Operational Update Deere's worldwide total sales increased 15% year over year to $9.59 billion, beating the Zacks Consensus Estimate of $9.49 billion. Net revenues at Deere's Financial Services operations were $565 million in the reported quarter, up 2.7% from the year-ago quarter. Deere & Company 's ( DE ) third quarter fiscal 2012 earnings were $1.98 per share compared with the year-ago quarter's earnings of $1.69.
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723116.0
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2012-08-14 00:00:00 UTC
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Earnings Preview: Deere & Co. - Analyst Blog
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DE
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https://www.nasdaq.com/articles/earnings-preview%3A-deere-co.-analyst-blog-2012-08-14
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nan
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Deere & Company ( DE ) is slated to report its third-quarter fiscal 2012 results before the market opens on August 15. The Zacks Consensus Estimate for earnings for the quarter is $2.32 cents per share, representing an estimated year-over-year increase of 36.98%. Revenues, as per the Zacks Consensus Estimate, are $9.49 billion.
Second Quarter Synopsis
The company reported adjusted earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.54 and exceeding the year-ago earnings of $2.12.
Worldwide total sales in the reported quarter increased 12% year over year to $10 billion, surpassing the Zacks Consensus Estimate of $9.67 billion.
Deere, which competes with companies like AGCO Corporation ( AGCO ), CNH Global NV ( CNH ), experienced healthy growth in its top line due to double-digit sales expansion in its Agriculture & Turf segment as well as Construction & Forestry segment.
Estimate Revision Trend
Agreement
Out of the 16 analysts covering the stock, none have revised their estimates for the third quarter in either direction over the last 7 days. Only one analyst has revised his/her estimate downward over the last 30 days.
Similarly, for fiscal 2012, none of the analysts revised their estimates over the last 7 days. Two analysts have lowered their estimates over the last 30 days while none have raised.
Magnitude
The Zacks Consensus Estimates remained the same for both the third quarter and fiscal 2012 over the last 7 days. Over the last 30 days, the Zacks Consensus Estimate declined by a penny (to $2.32 per share) for third quarter and 3 cents (to $8.24 per share) for fiscal 2012.
Earnings Surprise History
With respect to earnings surprise, Deere has topped the Zacks Consensus Estimate in all the last four quarters. The company delivered an average positive earnings surprise of 5.18% over the preceding four quarters, implying that it has beaten the Zacks Consensus Estimate by that measure.
Our Take
Strong demand for agricultural commodities and global increase in farm income has boosted the demand for Deere's products. The United States Department of Agriculture forecasts net farm income to be around $91.7 billion in 2012. The expectation of a record corn production in 2012 will encourage farmers to invest in the latest machinery to maximize productivity, favoring Deere in this space.
However, the current U.S. drought has affected the production of corn and soybean. This may also hinder Deere's performance in the third quarter.
Our long-term Neutral recommendation on Deere is in agreement with a short-term Zacks #3 Rank (Hold).
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 ( DE ) is slated to report its third-quarter fiscal 2012 results before the market opens on August 15. Deere, which competes with companies like AGCO Corporation ( AGCO ), CNH Global NV ( CNH ), experienced healthy growth in its top line due to double-digit sales expansion in its Agriculture & Turf segment as well as Construction & Forestry segment. The company delivered an average positive earnings surprise of 5.18% over the preceding four quarters, implying that it has beaten the Zacks Consensus Estimate by that measure.
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Worldwide total sales in the reported quarter increased 12% year over year to $10 billion, surpassing the Zacks Consensus Estimate of $9.67 billion. Earnings Surprise History With respect to earnings surprise, Deere has topped the Zacks Consensus Estimate in all the last four quarters. 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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Earnings Surprise History With respect to earnings surprise, Deere has topped the Zacks Consensus Estimate in all the last four quarters. 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 slated to report its third-quarter fiscal 2012 results before the market opens on August 15.
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Magnitude The Zacks Consensus Estimates remained the same for both the third quarter and fiscal 2012 over the last 7 days. 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 slated to report its third-quarter fiscal 2012 results before the market opens on August 15.
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7a9b41c0-8faa-446a-b163-b89eaa103798
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723117.0
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2012-08-14 00:00:00 UTC
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Pre-Market Earnings Report for August 15, 2012 : TGT, DE, SPLS, ANF, HOLI, ELOS, SSRX, CTRN, VLCCF, CSIQ, SVA, VVTV
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DE
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https://www.nasdaq.com/articles/pre-market-earnings-report-august-15-2012-tgt-de-spls-anf-holi-elos-ssrx-ctrn-vlccf-csiq
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The following companies are expected to report earnings prior to market open on 08/15/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Target Corporation ( TGT ) is reporting for the quarter ending July 31, 2012. The discount retail company's consensus earnings per share forecast from the 17 analysts that follow the stock is $1.01. This value represents a -1.94% decrease compared to the same quarter last year. In the past year TGT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.97%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TGT is 14.57 vs. an industry ratio of 16.90.
Deere & Company ( DE ) is reporting for the quarter ending July 31, 2012. The farm machinery company's consensus earnings per share forecast from the 16 analysts that follow the stock is $2.32. This value represents a 37.28% increase compared to the same quarter last year. In the past year DE has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.76%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 9.68 vs. an industry ratio of 12.10.
Staples, Inc. ( SPLS ) is reporting for the quarter ending July 31, 2012. The retail company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.22. This value represents a no change for the same quarter last year. In the past year SPLS has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SPLS is 9.09 vs. an industry ratio of -2.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Abercrombie & Fitch Company ( ANF ) is reporting for the quarter ending July 31, 2012. The retail (shoe) company's consensus earnings per share forecast from the 27 analysts that follow the stock is $0.17. This value represents a -51.43% decrease compared to the same quarter last year. ANF missed the consensus earnings per share in the 4th calendar quarter by -21.92%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ANF is 12.78 vs. an industry ratio of 18.30.
Hollysys Automation Technologies, Ltd. ( HOLI ) is reporting for the quarter ending June 30, 2012. The industrial company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.22. This value represents a 83.33% increase compared to the same quarter last year. HOLI missed the consensus earnings per share in the 2nd calendar quarter by -7.69%. The "days to cover" for this stock exceeds 23 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HOLI is 8.38 vs. an industry ratio of 11.60.
Syneron Medical Ltd. ( ELOS ) is reporting for the quarter ending June 30, 2012. The medical instruments company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.06. This value represents a no change for the same quarter last year. ELOS missed the consensus earnings per share in the 4th calendar quarter by -100%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ELOS is 43.02 vs. an industry ratio of 47.80.
3SBio Inc. ( SSRX ) is reporting for the quarter ending June 30, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.24. This value represents a 14.29% increase compared to the same quarter last year. In the past year SSRX 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 SSRX is 11.95 vs. an industry ratio of -0.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Citi Trends, Inc. ( CTRN ) is reporting for the quarter ending July 31, 2012. The retail (shoe) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.44. This value represents a -29.03% decrease compared to the same quarter last year. CTRN missed the consensus earnings per share in the 4th calendar quarter by -2.7%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CTRN is 52.68 vs. an industry ratio of 18.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Knightsbridge Tankers Limited ( VLCCF ) is reporting for the quarter ending June 30, 2012. The shipping company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.33. This value represents a -13.16% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for VLCCF is 9.04 vs. an industry ratio of 6.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Canadian Solar Inc. ( CSIQ ) is reporting for the quarter ending June 30, 2012. The solar company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.30. This value represents a -225.00% decrease compared to the same quarter last year. The last two quarters CSIQ had negative earnings surprises; Zacks Investment Research reports that the 2012 Price to Earnings ratio for CSIQ is -2.71 vs. an industry ratio of -1.30.
Sinovac Biotech, Ltd. ( SVA ) is reporting for the quarter ending June 30, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.10. This value represents a -600.00% decrease compared to the same quarter last year. SVA missed the consensus earnings per share in the 3rd calendar quarter by -300%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SVA is -7.55 vs. an industry ratio of -0.90.
ValueVision Media, Inc. ( VVTV ) is reporting for the quarter ending July 31, 2012. The broadcast (radio/tv) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.12. This value represents a 33.33% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for VVTV is -4.17 vs. an industry ratio of 12.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 value represents a -1.94% decrease compared to the same quarter last year. Deere & Company ( DE ) is reporting for the quarter ending July 31, 2012. In the past year DE has beat the expectations every quarter.
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This value represents a -1.94% decrease compared to the same quarter last year. Deere & Company ( DE ) is reporting for the quarter ending July 31, 2012. In the past year DE has beat the expectations every quarter.
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This value represents a -1.94% decrease compared to the same quarter last year. Deere & Company ( DE ) is reporting for the quarter ending July 31, 2012. In the past year DE has beat the expectations every quarter.
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In the past year DE has beat the expectations every quarter. This value represents a -1.94% decrease compared to the same quarter last year. Deere & Company ( DE ) is reporting for the quarter ending July 31, 2012.
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723118.0
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2012-07-30 00:00:00 UTC
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Terex Results Improve in 2Q - Analyst Blog
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DE
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https://www.nasdaq.com/articles/terex-results-improve-in-2q-analyst-blog-2012-07-30
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Terex Corp . ( TEX ) reported second-quarter 2012 adjusted earnings of 75 cents per share, versus 10 cents in the year-ago quarter. The company's earnings also comfortably surpassed the Zacks Consensus Estimate of 49 cents.
Including special items, Terex reported earnings of 75 cents per share in the quarter compared with 1 cent in the year-ago quarter.
Total revenues increased 35.2% year over year to $2.012 billion, ahead of the Zacks Consensus Estimate of $2.008 billion. Excluding the impact of the Demag Cranes AG acquisition, net sales increased 11% year over year.
Costs and Margins
Cost of goods sold increased 23% to $1.6 billion versus $1.3 billion in the year-earlier quarter. Gross profit soared 99.4% to $428.6 million. Gross margins expanded 690 basis points to 21.3% in the quarter.
Selling, general and administrative expenses increased 22% to $253.6 million in the quarter. The company reported an operating income of $175 million compared with $6.8 million in the year-ago quarter.
Segment Performance
Total revenues at Aerial Work Platforms increased 25% to $605.7 million from $485.7 million in the year-ago quarter. The improvement was due to a replacement-based demand increase in the North American rental channel along with natural resource based construction spending in Australia.
Operating income increased to $83.2 million from $27.4 million in the prior-year quarter, driven by higher manufacturing productivity and price realization, partially offset by increasing raw material costs.
Total revenues at the Construction segment increased 8.1% to $388.8 million in the quarter, driven by a strong demand of compact construction equipment, truck, along with component sales in Russia, China and Latin America.
Operating income increased to $9.6 million from a loss of $6.0 million in the year-earlier quarter due to cost cutting efforts and higher price realizations.
Cranes segment's total revenues surged 4.3% to $484.2 million with improvement in demand for rough terrain cranes and improved demands for all terrain cranes in North America, the Middle East, Latin America and Australia, partially offset by foreign currency translation.
The segment reported an operating profit of $43.5 million versus a loss of $34 million in the year-earlier quarter. Improvement was attributable to cost cutting efforts and price realization.
Total revenues at Material Handling & Port solutions were $361 million. The segment reported operating profit of $11.8 million. Operating profit benefited from reduction in spending levels and product mix.
Total revenues at the Material Processing segment soared $190.3 million, up 4% year over year due to increased demand in markets of North America and Australia. However, lower demand for crushing and screening equipment in Western Europe was a minor offset.
The segment reported an operating profit of $28.6 million, up from $21.1 million in the prior year quarter. Operating profit improved, driven by a restart of manufacturing activities at Coalville location along with cost saving efforts and pricing.
Financial Position
As of June 30, 2012, cash and cash equivalents amounted to $841.5 million versus $774.1 million as of December 31, 2011. Cash from operating activities was an inflow of $17.8 million in the first six months of 2012 compared with usage of $218.9 million for the first six months of 2011.
Outlook for 2012
Management narrowed net sales in the range of $7.5 billion to $7.8 million from the previous guidance of $7.5-$8.0 billion. Earnings are projected in the range of $1.95-$2.05 per share, up from the previous guidance of $1.65 to $1.85.
Our View
The Construction segment has returned into profit, driven by strong demand in the emerging markets of Russia, China and Latin America. We expect the segment to be further benefited by the new 27-month highway Bill moving ahead.
However, soft demand conditions in Europe and foreign currency translation may impact margins negatively. Terex also faces tough competition from companies like Caterpillar Inc . ( CAT ) and Deere & 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
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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The improvement was due to a replacement-based demand increase in the North American rental channel along with natural resource based construction spending in Australia. Our View The Construction segment has returned into profit, driven by strong demand in the emerging markets of Russia, China and Latin America. Excluding the impact of the Demag Cranes AG acquisition, net sales increased 11% year over year.
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Cranes segment's total revenues surged 4.3% to $484.2 million with improvement in demand for rough terrain cranes and improved demands for all terrain cranes in North America, the Middle East, Latin America and Australia, partially offset by foreign currency translation. 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 increased 11% year over year.
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Excluding the impact of the Demag Cranes AG acquisition, net sales increased 11% year over year. Gross margins expanded 690 basis points to 21.3% in the quarter. The improvement was due to a replacement-based demand increase in the North American rental channel along with natural resource based construction spending in Australia.
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Excluding the impact of the Demag Cranes AG acquisition, net sales increased 11% year over year. Gross margins expanded 690 basis points to 21.3% in the quarter. The improvement was due to a replacement-based demand increase in the North American rental channel along with natural resource based construction spending in Australia.
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a389d82d-6fc1-4a63-bbe8-4f747b5debd3
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723119.0
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2012-07-30 00:00:00 UTC
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Deere Upgraded to “Overweight” at Piper Jaffray; Selling is Overdone (DE)
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DE
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https://www.nasdaq.com/articles/deere-upgraded-overweight-piper-jaffray-selling-overdone-de-2012-07-30
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Farming and construction equipment maker Deere & Company ( DE ) on Monday received a big upgrade from analysts at Piper Jaffray.
The firm boosted its rating on DE from "Neutral" to "Overweight" with a $93 price target. That target suggests a 19% upside to the stock's Friday closing price of $78.10. Piper Jaffray noted that drought fears in the Midwest have created an attractive entry point for the stock.
Deere shares were mostly flat in premarket trading Monday.
The Bottom Line
Shares of Deere ( DE ) have a 2.36% dividend yield, based on Friday's closing stock price of $78.10. The stock has technical support in the $73-$75 price area. If the shares can firm up, we see overhead resistance around the $80-$83 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Monday received a big upgrade from analysts at Piper Jaffray. The Bottom Line Shares of Deere ( DE ) have a 2.36% dividend yield, based on Friday's closing stock price of $78.10. The firm boosted its rating on DE from "Neutral" to "Overweight" with a $93 price target.
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That target suggests a 19% upside to the stock's Friday closing price of $78.10. The Bottom Line Shares of Deere ( DE ) have a 2.36% dividend yield, based on Friday's closing stock price of $78.10. 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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Farming and construction equipment maker Deere & Company ( DE ) on Monday received a big upgrade from analysts at Piper Jaffray. The Bottom Line Shares of Deere ( DE ) have a 2.36% dividend yield, based on Friday's closing stock price of $78.10. 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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Farming and construction equipment maker Deere & Company ( DE ) on Monday received a big upgrade from analysts at Piper Jaffray. The firm boosted its rating on DE from "Neutral" to "Overweight" with a $93 price target. The Bottom Line Shares of Deere ( DE ) have a 2.36% dividend yield, based on Friday's closing stock price of $78.10.
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129f7070-dc47-4ee6-b4b8-48ec771965c1
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723120.0
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2012-07-24 00:00:00 UTC
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These 2 Stocks Will Likely Benefit from our Nation's Drought
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https://www.nasdaq.com/articles/these-2-stocks-will-likely-benefit-our-nations-drought-2012-07-24
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Have you ever heard of the Palmer ZIndex ? Me neither.
But it's something we'll be hearing a lot about in coming weeks and months. This measure, compiled by the National Climatic Data Center, is a measure of soil moisture. And by the looks of things, dozens of counties in the U.S. have very dry soil. You have to go back to the 1950's to fund such parched conditions on a national scale. As the nightly news tells us, crops are withering on the vine, which is bad news for both consumers and the folks that make a living on farms.
The expanding drought will likely affect your portfolio in myriad ways. For example:
Packaged foods makers like Kellogg (NYSE: K ) and General Mills(NYSE: GIS ) are faced with the unpleasant task if raising prices to cash-strapped consumers.
• Ethanol producers will likely be hard-pressed to sell into the gasoline market at a competitive price.
• Heavy equipment makers like Deere (NYSE: DE ) and Caterpillar(NYSE: CAT ) will see reduced demand for new equipment as farmers conserve cash.
• Cattle producers are culling their herds as they run out of feed, setting the stage for a near-term glut that will (temporarily) reduce beef prices.
Yet not all companies are suffering. I've come across a pair of companies that actually stand to benefit from the drought. Each firm focuses on a different commodity , and each is on the right side of the pricing trends. Here's a closer look:
1. Bunge (NYSE: BG )
This company, which was founded 194 years ago, has its hands in many areas of agriculture from commodities storage and trading to sugar-based ethanol processing to the production of cooking oils. Notably, 80% of its raw commodity exposure is outside the United States. In places like Brazil, growing conditions are better so crop price action has been fairly benign. This gives Bunge a crucial edge when competing against U.S.-leveraged producers.
As an example, Bunge is the leading processor of soybeans in South America. Analysts speak of "crush margins," which notes the profit spread for finished soy products compared to input prices. For Bunge, those margins are good, and likely to get even better.
Bunge is expected to deliver second-quarter results on Thursday, July 24. Analysts had been throttling back their profit forecast for the quarter, from $1.43 a share in April to $1.34 in June. But few of those forecasts appear to reflect the impact of better "crush margins" that appeared starting in early June. Analysts at Citigroup have taken a fresh look at Bunge's likely second-quarter profits, and see earnings per share ( EPS ) in the $1.55 to $1.60 range. These analysts also think Bunge will top current third-quarterEPS forecasts of $2.19 by roughly 10%, based on current trends.
Taking a longer view. Citi says Bunge's profits will keep expanding on the heels of strong demand and solid margins, expecting EPS to hit $8.40 by 2014 (which is roughly 5% above the consensus).
The analysts see Bunge's shares rising to $95 from a recent $63 in July -- a 50% increase -- based on a 12 times multiple of those 2014 profit forecasts. This logic may be too specific for most investors. Instead, many are likely to simply take note that the company is in the midst of a solid multi-year run of profit growth, and shares, at roughly 80% of book value , will likely change from a deep-value play into an earnings momentum play.
2. Ingredion (NYSE: INGR )
At first blush, this producer of corn sweeteners should be suffering as much as its peers. After all, corn prices -- the company's biggest expense -- are rising quickly. Yet Ingredion (formerly known as Corn Products International) was wise enough to lock in all of its 2012 corn needs at 2011 prices. Considering that rivals will likely be compelled to raise prices, Ingredion has room to maintain prices (boosting demand) or raise prices (boosting margins). It's a nice problem to have.
But those gains are more likely to be seen in 2013, when Ingredion's input prices remain hedged but selling prices are no longer hedged (at least as of today).
Yet as is the case with many stocks, Ingredion has been on a downward slide since the end of the first quarter, falling to a recent $47 from $58. That comes at a time when earnings forecasts have remained steady, thanks to those locked-in input prices.
Analysts at D.A. Davidson say Ingredion is poised for sustained profit growth thanks to those industry pricing dynamics. They see EPS rising from around $4.70 in 2011 to $5.25 this year and $5.80 in 2013. They say shares have 50% upside to their $70 price target . Ingredion will deliver second-quarter results on July 31, at which time management is likely to focus on the coming gains that accrue from fixed corn input costs.
Risks to Consider: Though these farm stocks stand to fare better than their peers, it may take several quarters for investors to fully trust that the profit gains are sustainable.
Action to Take --> Both of these stocksoffer a nice combination of value and growth. Each trades for less than 10 times projected profits, yet each appears poised for solid profit growth.
-- David Sterman
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC does not hold positions in any securities mentioned in this article.
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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Bunge (NYSE: BG ) This company, which was founded 194 years ago, has its hands in many areas of agriculture from commodities storage and trading to sugar-based ethanol processing to the production of cooking oils. Ingredion will deliver second-quarter results on July 31, at which time management is likely to focus on the coming gains that accrue from fixed corn input costs. Have you ever heard of the Palmer ZIndex ?
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Considering that rivals will likely be compelled to raise prices, Ingredion has room to maintain prices (boosting demand) or raise prices (boosting margins). Have you ever heard of the Palmer ZIndex ? • Heavy equipment makers like Deere (NYSE: DE ) and Caterpillar(NYSE: CAT ) will see reduced demand for new equipment as farmers conserve cash.
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Considering that rivals will likely be compelled to raise prices, Ingredion has room to maintain prices (boosting demand) or raise prices (boosting margins). Have you ever heard of the Palmer ZIndex ? • Heavy equipment makers like Deere (NYSE: DE ) and Caterpillar(NYSE: CAT ) will see reduced demand for new equipment as farmers conserve cash.
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Ingredion will deliver second-quarter results on July 31, at which time management is likely to focus on the coming gains that accrue from fixed corn input costs. Have you ever heard of the Palmer ZIndex ? • Heavy equipment makers like Deere (NYSE: DE ) and Caterpillar(NYSE: CAT ) will see reduced demand for new equipment as farmers conserve cash.
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4082dbf2-09f2-459b-8517-92e40a0cbe2b
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723121.0
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2012-07-17 00:00:00 UTC
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Deere Slashed to “Underweight” at JP Morgan; Midwest Fundamentals Look Bleak (DE)
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DE
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https://www.nasdaq.com/articles/deere-slashed-underweight-jp-morgan-midwest-fundamentals-look-bleak-de-2012-07-17
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nan
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Farming and construction equipment maker Deere & Company ( DE ) on Tuesday caught a big downgrade from analysts at JP Morgan.
The firm cut its rating on DE from "Overweight" all the way down to "Underweight" with a $78 price target. That target suggests a small upside to the stock's Monday closing price of $76.78.
JP Morgan said it made the downgrade due to deteriorating fundamentals in the Midwest, where a summer drought is wreaking havoc on corn and other crops.
Deere shares fell $1.54, or -2%, in premarket trading Tuesday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.78. The stock has technical support in the $70 price area. If the shares can firm up, we see overhead resistance around the $80-$82 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Tuesday caught a big downgrade from analysts at JP Morgan. JP Morgan said it made the downgrade due to deteriorating fundamentals in the Midwest, where a summer drought is wreaking havoc on corn and other crops. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.78.
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Farming and construction equipment maker Deere & Company ( DE ) on Tuesday caught a big downgrade from analysts at JP Morgan. 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. The firm cut its rating on DE from "Overweight" all the way down to "Underweight" with a $78 price target.
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Farming and construction equipment maker Deere & Company ( DE ) on Tuesday caught a big downgrade from analysts at JP Morgan. The firm cut its rating on DE from "Overweight" all the way down to "Underweight" with a $78 price target. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.78.
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Farming and construction equipment maker Deere & Company ( DE ) on Tuesday caught a big downgrade from analysts at JP Morgan. The firm cut its rating on DE from "Overweight" all the way down to "Underweight" with a $78 price target. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.78.
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81a4d666-b782-4e56-99a4-8588ebfba067
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723122.0
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2012-07-12 00:00:00 UTC
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Will Carlisle See Breakout Year On Industrials?
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DE
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https://www.nasdaq.com/articles/will-carlisle-see-breakout-year-industrials-2012-07-12
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nan
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Forget cloud computing and Big Data.
Carlisle Cos. ( CSL ) makes things you can see or touch: commercial roofing, specialty tires, farm-machinery brakes, food service cookware.
Those and other niche products added up to more than $3.2 billion in sales last year.
With commercial replacement roofs taking off, 2012 got off to an even stronger start.
This year could be a "breakout year for us, barring unexpected economic conditions," CEO David Roberts told analysts after first-quarter results were reported in late April.
In a phone interview this week, Roberts said: "If the economy slows, obviously, everything would slow with it."
And that might put a damper on the company's target of achieving a 15% operating margin by the end of 2014, up from 11% in the first quarter and 8% last year.
"We would have to recalculate the target. At this point we don't see that happening," he added.
Until recent dips as the market gyrated, shares have recently been trading up ahead of second-quarter results, which will be released on July 24.
All-American Business
"Investors are looking for companies that have limited European exposure, very strong cash flow and a decent opportunity for earnings growth," said Ivan Marcuse, a KeyBanc Capital Markets analyst. "And this company fits all those molds."
"It's basically a North American-centric business," he said.
Based in Charlotte, N.C., Carlisle is a diversified manufacturer, focused on niches it can dominate. It's either No. 1 or No. 2 in all five of its core businesses: construction materials, transportation, brake and friction, interconnect technologies and food service.
Since management decided four years ago to focus on business lines with good scale and strong operating margins, it shed five others.
Carlisle's roots date to 1917, when founder Charles Moomy opened Carlisle Tire and Rubber Co. to sell tire inner tubes to Montgomery Ward.
It later expanded into brake shoes, insulated wire and cable, aerospace and electronics and recreational tires, much of it through acquisitions.
The firm remains on the lookout for acquisitions, especially in construction materials, interconnect technologies and braking and friction, Roberts says.
"Management is very good at finding businesses that have strong fundamentals and market share in their categories," said S&P Capital IQ analyst Stuart Benway.
In the 1970s, Carlisle was a pioneer in rubber roofing, now part of its biggest business -- construction materials. It later added thermoplastic polyolefin roofing material. Both are more energy efficient than traditional asphalt.
Any flat-top commercial building is game for rubber or plastic membranes. Think everything from a big-box retailer such asTarget ( TGT ) andWal-Mart ( WMT ) to a school, convenience store or gas station.
"The last thing a business wants, especially a retailer, is a leaky roof," said Marcuse, who says retail chains replace at least some of their thousands of store roofs every year.
First-quarter revenue in construction materials grew 41% over the prior year to $353.9 million, making up nearly 40% of the total.
Most of the gain was from re-roofing demand rather than new construction. Higher prices also helped.
It might be North American-centric, but Carlisle has been looking for new roofing customers in Europe, despite the region's woes.
Carlisle recently acquired Hertalan, a Dutch manufacturer of rubber roofing and industrial components, for $50 million.
With that purchase and another in Europe last year, Carlisle is now one of the largest manufacturers of rubber roofing in Europe.
That is a small market in Europe since most roofs are still asphalt. But Roberts said, "We're having good success in Europe."
Marcuse says the firm's roofing business in Europe is a "growth opportunity."
Sales from outside the U.S. made up about 20% of Carlisle's total at the end of the first quarter, with about half of that coming from Europe, Roberts says. Management intends to keep growing its international footprint.
With 2010's acquisition of Cleveland-based Hawk Corp., Carlisle gained greater exposure to China, Brazil and India. Hawk makes brake and friction materials and parts that go into performance autos, trucks and big earthmoving and mining equipment.
Caterpillar ( CAT ) and to a lesser extent,Deere & Co. ( DE ), are customers for Carlisle's brakes and friction products.Boeing (BA) and other aerospace makers are customers for interconnects.
Carlisle expects to see double-digit growth this year in interconnect technologies, which include wire and cable sales to the aerospace industry for avionics systems and in-flight entertainment and communications.
"Every manufacturer of airplanes uses some of our wires somewhere in their planes," Roberts said.
Though interconnect is one of the smallest of Carlisle's business units, sales in the first quarter soared 68% over last year to $110.7 million.
Marcuse says old planes are being retrofitted with in-flight entertainment. And new planes, such as Boeing's Dreamliner, use Carlisle's wires for those systems as well.
Boeing's strong backlog "is a positive for Carlisle's interconnect technology business," Marcuse said.
Farm Power
Sales in brake and friction products were especially strong in agriculture and to a lesser degree, mining and construction. Quarterly sales grew 12% to $133.9 million.
Specialty tires are part of Carlisle's transportation segment, which saw first-quarter sales rise 15% to $231.5 million. Standouts were sales to the agricultural industry, tires for giant crop seeders, for example.
The slowest-growing unit, food service, is also Carlisle's smallest. Sales in the quarter rose 4.6% to $59.3 million. Higher raw-material costs also ate into margins.
Still, it wasn't enough to keep down overall earnings, which jumped 77% to 94 cents a share, thanks in part to management's focus on operational efficiencies. Revenue in the quarter rose 28% to $889.3 million.
Analysts expect 2012 earnings to rise 48% over last year to $4.25 a share, reports Thomson Reuters.
Carlisle is not immune to general economic weakness.
"If the economy slows, industrial companies tend to be negatively impacted by a slowdown in demand," Marcuse said.
On July 8, he downgraded Carlisle to "hold" from "buy" on possible softening demand in roofing. He said that "in the current environment, some caution should be considered."
"But if you're a North American-centric industrial company, business is probably not too bad right now," he said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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All-American Business "Investors are looking for companies that have limited European exposure, very strong cash flow and a decent opportunity for earnings growth," said Ivan Marcuse, a KeyBanc Capital Markets analyst. Carlisle expects to see double-digit growth this year in interconnect technologies, which include wire and cable sales to the aerospace industry for avionics systems and in-flight entertainment and communications. Those and other niche products added up to more than $3.2 billion in sales last year.
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Carlisle expects to see double-digit growth this year in interconnect technologies, which include wire and cable sales to the aerospace industry for avionics systems and in-flight entertainment and communications. Those and other niche products added up to more than $3.2 billion in sales last year. At this point we don't see that happening," he added.
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Carlisle expects to see double-digit growth this year in interconnect technologies, which include wire and cable sales to the aerospace industry for avionics systems and in-flight entertainment and communications. Those and other niche products added up to more than $3.2 billion in sales last year. At this point we don't see that happening," he added.
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Most of the gain was from re-roofing demand rather than new construction. Those and other niche products added up to more than $3.2 billion in sales last year. At this point we don't see that happening," he added.
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eae6b5b5-70f4-4be2-80fe-5a7917d859fd
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723123.0
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2012-07-03 00:00:00 UTC
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Stock Market News for July 3, 2012 - Market News
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DE
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https://www.nasdaq.com/articles/stock-market-news-for-july-3-2012-market-news-2012-07-03
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nan
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nan
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A contraction in U.S. manufacturing activity threatened to dent investor sentiment which had grown stronger following the European deal. But hopes of economic stimulus from the central bank lifted most of the benchmarks into the green. However, the Dow missed out on a closing in positive territory though it recouped the day's losses.
The Dow Jones Industrial Average (DJI) slipped 0.1% to close slightly lower at 12,871.39. The Standard & Poor 500 (S&P 500) edged up 0.3% and finished yesterday's trading session at 1,365.51. The tech-laden Nasdaq Composite Index gained 0.6% and ended at 2,951.23. The fear-gauge CBOE Volatility Index (VIX) dropped 1.6% and settled at 16.80. Consolidated volumes on the New York Stock Exchange, the American Stock Exchange and Nasdaq, were roughly 6.1 billion shares, well short of last year's daily average of 7.84 billion shares. Advancers outpaced the declining stocks on the NYSE; as for 69% of stocks that gained, 29% stocks closed lower.
The report that figured prominently in yesterday's proceedings was the one on economic activity in the manufacturing sector by the Institute for Supply Management. According to the report: "The PMI registered 49.7 percent, a decrease of 3.8 percentage points from May's reading of 53.5 percent, indicating contraction in the manufacturing sector for the first time since July 2009, when the PMI registered 49.2 percent. The New Orders Index dropped 12.3 percentage points in June, registering 47.8 percent and indicating contraction in new orders for the first time since April 2009, when the New Orders Index registered 46.8 percent". The figure was also below consensus estimates of 52%.
The ISM Manufacturing Index is based on surveys of 300 purchasing managers nationwide representing 20 industries regarding manufacturing activity. It's considered as the most important of all manufacturing indices. Therefore, movement in this index plays an instrumental role and investors do keep a keen eye on it. Thus, the lower-than-expected reading was sure to dent sentiment. But the larger concern was that economic activity in the manufacturing sector recorded its first contraction since July 2009.
Worried by the contraction in the manufacturing activity, benchmarks opened in the red and later swung between small gains and losses. The data seemed to have unnerved investors initially and threatened to wash out the positives carried over from Friday, sparked off by the "breakthrough" deal reached at the European Summit. However, but for the Dow, benchmarks made a rebound as many market onlookers grew hopeful about fresh economic stimulus by the central bank. It is now popularly believed that dismal economic readings will pave the way for the Federal Reserve to come up with new measures to bolster the economy.
Thus, hopes for economic stimulus helped benchmarks rebound from the day's losses. However, industrials remained one of the biggest losers with the Industrial Select Sector SPDR (XLI) losing 0.9%. Among the declining stocks, Graco Inc. (NYSE: GGG ), Deere & Company (NYSE: DE ), AGCO Corporation (NYSE: AGCO ), IDEX Corporation (NYSE: IEX ), 3M Co (NYSE: MMM ) and Terex Corporation (NYSE: TEX ) lost 1.4%, 0.5%, 2.7%, 0.5%, 0.4% and 3.4%, respectively.
Staying with manufacturing, things were not bright on the European and Chinese front as well. Financial information services company Markit not only noted painted a gloomy picture of manufacturing activity in Europe, but it also warned about factories preparing for the worst. Chris Williamson, Chief Economist, Markit, said: "Companies are clearly preparing for worse to come, cutting back on both staff numbers and stocks of raw materials at the fastest rates for two-and-a-half years". As for the manufacturing Purchasing Managers' Index (PMI) he commented: "The PMI suggests that the goods-producing sector contracted by around 1 percent in the second quarter, with this steep rate of decline looking set to accelerate further as we move into the second half of the year". China too recorded a dip in ifactory activity and the HSBC Purchasing Managers' Index (PMI) was down to 48.2 after seasonal adjustments. The index is now at at its lowest since November 2011.
Coming back to the domestic arena, a report on construction spending was much more promising. The U.S. Census Bureau of the Department of Commerce reported that construction spending moved up 0.9% from the revised April estimate of $822.5 billion to a seasonally adjusted annual rate of $830.0 billion in May 2012. The increase was significantly higher than consensus estimates which had predicted a rise of 0.1%.
AGCO CORP (AGCO): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
GRACO INC (GGG): Free Stock Analysis Report
IDEX CORP (IEX): Free Stock Analysis Report
3M CO (MMM): 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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The data seemed to have unnerved investors initially and threatened to wash out the positives carried over from Friday, sparked off by the "breakthrough" deal reached at the European Summit. A contraction in U.S. manufacturing activity threatened to dent investor sentiment which had grown stronger following the European deal. The tech-laden Nasdaq Composite Index gained 0.6% and ended at 2,951.23.
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The New Orders Index dropped 12.3 percentage points in June, registering 47.8 percent and indicating contraction in new orders for the first time since April 2009, when the New Orders Index registered 46.8 percent". Among the declining stocks, Graco Inc. (NYSE: GGG ), Deere & Company (NYSE: DE ), AGCO Corporation (NYSE: AGCO ), IDEX Corporation (NYSE: IEX ), 3M Co (NYSE: MMM ) and Terex Corporation (NYSE: TEX ) lost 1.4%, 0.5%, 2.7%, 0.5%, 0.4% and 3.4%, respectively. AGCO CORP (AGCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GRACO INC (GGG): Free Stock Analysis Report IDEX CORP (IEX): Free Stock Analysis Report 3M CO (MMM): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report To read this article on Zacks.com click here.
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According to the report: "The PMI registered 49.7 percent, a decrease of 3.8 percentage points from May's reading of 53.5 percent, indicating contraction in the manufacturing sector for the first time since July 2009, when the PMI registered 49.2 percent. As for the manufacturing Purchasing Managers' Index (PMI) he commented: "The PMI suggests that the goods-producing sector contracted by around 1 percent in the second quarter, with this steep rate of decline looking set to accelerate further as we move into the second half of the year". AGCO CORP (AGCO): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report GRACO INC (GGG): Free Stock Analysis Report IDEX CORP (IEX): Free Stock Analysis Report 3M CO (MMM): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report To read this article on Zacks.com click here.
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A contraction in U.S. manufacturing activity threatened to dent investor sentiment which had grown stronger following the European deal. Advancers outpaced the declining stocks on the NYSE; as for 69% of stocks that gained, 29% stocks closed lower. The U.S. Census Bureau of the Department of Commerce reported that construction spending moved up 0.9% from the revised April estimate of $822.5 billion to a seasonally adjusted annual rate of $830.0 billion in May 2012.
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b145f193-2df4-4781-9b7f-7304eeebcf95
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723124.0
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2012-07-03 00:00:00 UTC
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CNH Global-AmTrust Ties Extended - Analyst Blog
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DE
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https://www.nasdaq.com/articles/cnh-global-amtrust-ties-extended-analyst-blog-2012-07-03
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nan
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nan
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Recently the coalition between CNH Capital, an operating unit of Amsterdam based CNH Global N.V. ( CNH ) and AmTrust Financial Services, Inc. ( AFSI ) was strategically extended. The companies will be jointly involved in augmenting CNH Capital's insurance products and financial service offerings.
This alliance would generate several long-term licensing and service contracts for CNH Capital. Moreover, according to this agreement, CNH Capital Insurance Agencies which includes CNH Capital Insurance Agency Inc. and CNH Capital Canada Insurance Agency, Ltd. will be acquired by AmTrust.
This conflation would not only ossify ties between CNH Global and AmTrust, but also substantially proliferate CNH Capital's market share globally, especially across North America. There is also a huge opportunity for CNH Global to grow steadily in future, deriving much from burgeoning demand for its diverse product lines.
Earlier, CNH Global reported revenue of $4.64 billion, up 22.2% year over year in the first quarter of fiscal 2012. The rise was primarily attributable to trading profitability achieved in the agricultural equipment segment and the surge in American construction equipment sales during the quarter.
As the company traverses through 2012, it looks forward to an overall accelerated performance with such noteworthy advances. CNH Global's GAAP revenues are expected to grow around 5% in fiscal 2012 with operating margins above 8.6%.
However, it is indeed wise for the company to remain cautious of its competitors in the industry as they are also proactive on implementing market expansion strategies and constructive measures. Ominous threats in the industry include Deere & Company ( DE ), Kubota Corp. ( KUB ) and Briggs & Stratton Corp. ( BGG ).
The current Zacks Consensus Estimates for the second quarter of 2012 and for fiscal 2012 are $1.52 and $4.69, respectively. The company currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We are maintaining a long-term Outperform recommendation on the stock.
AMTRUST FIN SVC (AFSI): 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
KUBOTA CORP ADR (KUB): 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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There is also a huge opportunity for CNH Global to grow steadily in future, deriving much from burgeoning demand for its diverse product lines. However, it is indeed wise for the company to remain cautious of its competitors in the industry as they are also proactive on implementing market expansion strategies and constructive measures. Ominous threats in the industry include Deere & Company ( DE ), Kubota Corp. ( KUB ) and Briggs & Stratton Corp. ( BGG ).
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Moreover, according to this agreement, CNH Capital Insurance Agencies which includes CNH Capital Insurance Agency Inc. and CNH Capital Canada Insurance Agency, Ltd. will be acquired by AmTrust. Ominous threats in the industry include Deere & Company ( DE ), Kubota Corp. ( KUB ) and Briggs & Stratton Corp. ( BGG ). AMTRUST FIN SVC (AFSI): 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 KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently the coalition between CNH Capital, an operating unit of Amsterdam based CNH Global N.V. ( CNH ) and AmTrust Financial Services, Inc. ( AFSI ) was strategically extended. Moreover, according to this agreement, CNH Capital Insurance Agencies which includes CNH Capital Insurance Agency Inc. and CNH Capital Canada Insurance Agency, Ltd. will be acquired by AmTrust. AMTRUST FIN SVC (AFSI): 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 KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently the coalition between CNH Capital, an operating unit of Amsterdam based CNH Global N.V. ( CNH ) and AmTrust Financial Services, Inc. ( AFSI ) was strategically extended. AMTRUST FIN SVC (AFSI): 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 KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, according to this agreement, CNH Capital Insurance Agencies which includes CNH Capital Insurance Agency Inc. and CNH Capital Canada Insurance Agency, Ltd. will be acquired by AmTrust.
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4a9d0c82-9256-4a7c-9374-2c8f14b39eb0
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723125.0
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2012-06-27 00:00:00 UTC
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How to Apply the Shiller P/E to Individual Stocks
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DE
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https://www.nasdaq.com/articles/how-apply-shiller-pe-individual-stocks-2012-06-27
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nan
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nan
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Shiller P/E , invented by Yale professor Robert Shiller, has been very successful in evaluating current market valuation and predicting future market returns. It is a great complement of the market valuation based on the ratio of total market cap over GDP . In this article we would like to discuss the interesting aspects of how to apply the Shiller P/E to individual companies. In the new improved 10-year financial page on GuruFocus, the stock's historical Shiller P/E ratio was added. A daily chart will be displayed if you click on the row of data.
The Shiller P/E is calculated by dividing the daily stock price by the multi-year inflation adjusted earnings, E10. Here we use a similar calculation for individual companies. When we calculate today's Shiller P/E ratio of a stock, we use today's price divided by E10.
How do we calculate E10? E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.
If we want to calculate the E10 of Walmart ( WMT ) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.
We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Walmart earned $1 a share in 2001, then 2001's equivalent earnings in 2010 are $1.4 a share. If Walmart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 are $1.35, and so on and so forth until you get the equivalent earnings of the past 10 years. Then you add them together and divide the sum by 10 to get E10.
In our calculation of daily Shiller P/E, we used six years of average earnings instead of ten years.
What does the Shiller P/E tell us for individual companies? Let's use a few examples to explain.
Consider a company that is consistently growing at a reasonable pace, WalMart. The Shiller P/E and regular P/E give similar pictures.
But for a fast grower like Apple ( AAPL ), the Shiller P/E and regular P/E give a totally different picture. Below are the regular P/E and Shiller P/E charts for Apple.
We can see that the regular P/E (ttm) tells us Apple is valued at about 14 times earnings. But Shiller P/E is suggesting that it is traded at about 30 times inflation adjusted earnings. A Shiller P/E of 30 for Apple comes from its tremendous growth.
The Shiller P/E works best for companies with cyclical profit margins, just as it was designed for the S&P 500. Take a look at the regular P/E and Shiller P/E of Deere ( DE ).
If we take a look at the regular P/E ratio of Deer at 2009, it is a reasonable number of 8. But it jumped to 24 suddenly in 2009. The reason is not because Deere's stock price jumped, but because Deere's earnings declined dramatically in 2009. The Shiller P/E of Deere gives you a real picture of the valuation for cyclical companies like Deere or Progressive Insurance ( PGR ). In this sense, the Shiller P/E works like P/S; it just gives you a more direct idea of valuation. Because of this, the Shiller P/E of companies in different industries can be compared. Comparing the P/S ratios of companies in different industries does not make much sense.
In conclusion, just as it was designed, the Shiller P/E works well for companies with more cyclical business in the valuation of individual companies.
The Shiller P/E is a new item added to the improved 10-Year Financial Page. It is for Premium Members only. If you are not a Premium Member, we invite you to take a 7-day Free Trial. 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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In the new improved 10-year financial page on GuruFocus, the stock's historical Shiller P/E ratio was added. When we calculate today's Shiller P/E ratio of a stock, we use today's price divided by E10. If we want to calculate the E10 of Walmart ( WMT ) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.
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In the new improved 10-year financial page on GuruFocus, the stock's historical Shiller P/E ratio was added. When we calculate today's Shiller P/E ratio of a stock, we use today's price divided by E10. If we want to calculate the E10 of Walmart ( WMT ) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.
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In the new improved 10-year financial page on GuruFocus, the stock's historical Shiller P/E ratio was added. When we calculate today's Shiller P/E ratio of a stock, we use today's price divided by E10. If we want to calculate the E10 of Walmart ( WMT ) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.
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If we want to calculate the E10 of Walmart ( WMT ) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010. In the new improved 10-year financial page on GuruFocus, the stock's historical Shiller P/E ratio was added. When we calculate today's Shiller P/E ratio of a stock, we use today's price divided by E10.
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80c5bc88-66c8-4cf2-9aae-296ec239932e
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723126.0
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2012-06-25 00:00:00 UTC
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Barclays Stays Bullish on Deere Following Management Meeting (DE)
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DE
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https://www.nasdaq.com/articles/barclays-stays-bullish-deere-following-management-meeting-de-2012-06-25
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nan
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nan
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Farming and construction equipment maker Deere & Company ( DE ) on Monday caught some continued bullish commentary from analysts at Barclays Capital.
The firm maintained its "Overweight" rating and $101 price target on DE, suggesting a 34% upside to the stock's Friday closing price of $75.53.
A Barclays analyst commented, "After traveling with DE management, we expect DE's EPS to continue to rise over time given a still relatively strong U.S. ag market, growing international ag markets and a slowly improving construction business. Moreover, we think significant investor skepticism of DE's ability to grow, combined with what we believe is one of the highest quality names in our space, could lead to DE stock's outperformance during the current period of increased global economic uncertainty."
The firm lowered its earnings estimates for DE through 2013, however, citing currency effects.
Deere shares were mostly flat in premarket trading Monday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.44% dividend yield, based on Friday's closing stock price of $75.53. The stock has technical support in the $70-$71 price area. If the shares can firm up, we see overhead resistance around the $80-$81 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Monday caught some continued bullish commentary from analysts at Barclays Capital. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.44% dividend yield, based on Friday's closing stock price of $75.53. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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The firm maintained its "Overweight" rating and $101 price target on DE, suggesting a 34% upside to the stock's Friday closing price of $75.53. A Barclays analyst commented, "After traveling with DE management, we expect DE's EPS to continue to rise over time given a still relatively strong U.S. ag market, growing international ag markets and a slowly improving construction business. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.44% dividend yield, based on Friday's closing stock price of $75.53.
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The firm maintained its "Overweight" rating and $101 price target on DE, suggesting a 34% upside to the stock's Friday closing price of $75.53. A Barclays analyst commented, "After traveling with DE management, we expect DE's EPS to continue to rise over time given a still relatively strong U.S. ag market, growing international ag markets and a slowly improving construction business. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.44% dividend yield, based on Friday's closing stock price of $75.53.
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Farming and construction equipment maker Deere & Company ( DE ) on Monday caught some continued bullish commentary from analysts at Barclays Capital. The firm maintained its "Overweight" rating and $101 price target on DE, suggesting a 34% upside to the stock's Friday closing price of $75.53. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.44% dividend yield, based on Friday's closing stock price of $75.53.
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19ea9035-0f38-45ed-ab15-e4f416dd2e9c
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723127.0
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2012-06-22 00:00:00 UTC
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Bill Gates Owns $1.8 Billion of this Stock
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DE
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https://www.nasdaq.com/articles/bill-gates-owns-18-billion-stock-2012-06-22
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nan
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nan
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Within Top 10 Stocks , I like to keep tabs on where the richest people in the world are putting their money.
After all, billionaires like Warren Buffett and Bill Gates are some of the smartest investors on the planet. And they have advantages the rest of us don't: entire staffs of MBAs working for them... Wall Street CEOs who give them sweetheart deals in order to get their business... and friends at the highest levels of government and society who can steer them toward the next big thing.
These advantages have helped corporate titans like Buffett and Gates deliver some of the biggest gains in stockmarket history.
For example, anyone with the good judgment to invest $10,000 in Buffett's Berkshire Hathaway (NYSE: BRK-B ) in 1965 would be sitting on an astonishing $51.3 million at the end of 2011.
So when a prominent billionaire like Bill Gates starts buying a stock hand over fist, you need to stand up and pay attention. In this case, Bill Gates -- via his investment vehicle Cascade Investment -- owns 24.5 millionshares of one of the world's most popular agriculture-related stocks. The total value of the stake now sits at $1.8 billion. But that's not all. In summer of 2011, Cascade Investment purchased 7.5 millionshares of this stock... an investment worth $571 million, ranking it as Gates' biggest purchase in recent memory.
I'll give you the name and ticker symbol of this stock in a moment.
But first, you need to understand the broader implications of what's going on right now. You see... Bill Gates' latest investment is just a tiny part of a much bigger story. It's just one example of what I believe could be the single most important trend in the stockmarket today.
What's going on?
Simple -- in an effort to lock in big gains and protect their wealth from today's unprecedented stockmarket volatility, the world's richest billionaires, politicians and corporate titans are loading up on a select group of stocks that have proven to be some of the safest and most reliable money-makers on the planet. Warren Buffett, Bill Gates, Carlos Slim... maybe even your own Congressman already own many of these stocks.
Around our research office in Austin, Texas, wecall them "Forever" stocks. We've talked about them so much over the past few months, the nickname is just easier. Everyone here knows exactly what we're talking about.
Put simply, this is the set of stocks you can buy today and hold for the rest of your life. When you own them, you no longer need to worry about things likeinflation ordeflation ...bear markets or recessions... "flash-crashes" or rising interest rates. And right now, the world's richest billionaires are loading up on some of our favorite "Forever" names.
Case-in-point: Warren Buffett's Berkshire Hathaway first purchased 216,000shares of one of our favorite "Forever" stocks -- MasterCard (NYSE: MA ) -- in 2011. And according to SEC filings, he bought another 189,000shares of this same stock -- nearly doubling down on the initial position.
None of this surprises us.
We've been pounding the table on "Forever" stocks like MasterCard for months now.
My staff and I put everything you need to know about these "Forever" stocks in our latest presentation entitled " The 10 Best Stocks to Hold Forever ." It's the single most popular piece of research we've published in our company's 11-year history, and it's already been viewed by more than a quarter-million investors. If you haven't already watched it, then I encourage you to do so right now.
In the meantime, let's get back to Bill Gates.
Recently, Gates made a series of purchases of Deere & Co. (NYSE: DE ) . Deere is the world's largest farm equipment manufacturer, a leader in the production of equipment and machinery for the construction and forestry industries, and a top producer of lawn and garden tractors for homeowners.
With gains of nearly 1,200% since 1990 and with a stable business model that focuses on farming equipment that the world desperately needs in order to feed the global population, Deere could easily qualify as a "Forever" stock (but it didn't make my final cut).
After examining the stock's fundamentals, it's easy to see why Gates would want toload up on the shares: it's a good value, it has a firm balance sheet and the company has enoughliquid assets to pay off its near-term obligations twice over. In addition, Deere & Co. has raised itsdividend an average of 16% a year for the past five years. At recent prices, it now yields about 2.5%.
On top of all this, thanks to its high-quality products and strong customer service, Deere & Co. typically dominates the markets in which it competes. And to further extend itsmarket leadership, the company has aggressively expanded its business overseas. In fact, Deere & Co. now derives 40% of its total sales from outside the United States and Canada.
And because the company is more geographically diversified than its competitors, it tends to enjoy greater profitability when business is good and take smaller hits to thebottom line during industry downturns.
But there are some risks to consider...
Deere & Co. has exposure to the ailing U.S. housing market through its construction equipment business. As such, its sales could suffer if the housing market continues to worsen. Also, further expansion into foreign markets could be difficult.
Action to Take --> You may want to follow Bill Gates on this one. Because of its size, financial strength and geographic diversity, Deere & Co. could continue to deliver market-beating gains in the years ahead.
[ Note: Deere & Co. is a solid investment, but as I said earlier, I've identified 10 other "Forever" investments with stronger business models, higherdividend yields and (arguably) much greater long-term growth potential. To learn more about this exclusive list of stocks, visit this link .]
-- Paul Tracy
Paul Tracy does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC owns shares of MA, BRK-B 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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And they have advantages the rest of us don't: entire staffs of MBAs working for them... Wall Street CEOs who give them sweetheart deals in order to get their business... and friends at the highest levels of government and society who can steer them toward the next big thing. Simple -- in an effort to lock in big gains and protect their wealth from today's unprecedented stockmarket volatility, the world's richest billionaires, politicians and corporate titans are loading up on a select group of stocks that have proven to be some of the safest and most reliable money-makers on the planet. With gains of nearly 1,200% since 1990 and with a stable business model that focuses on farming equipment that the world desperately needs in order to feed the global population, Deere could easily qualify as a "Forever" stock (but it didn't make my final cut).
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These advantages have helped corporate titans like Buffett and Gates deliver some of the biggest gains in stockmarket history. In summer of 2011, Cascade Investment purchased 7.5 millionshares of this stock... an investment worth $571 million, ranking it as Gates' biggest purchase in recent memory. And they have advantages the rest of us don't: entire staffs of MBAs working for them... Wall Street CEOs who give them sweetheart deals in order to get their business... and friends at the highest levels of government and society who can steer them toward the next big thing.
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In this case, Bill Gates -- via his investment vehicle Cascade Investment -- owns 24.5 millionshares of one of the world's most popular agriculture-related stocks. With gains of nearly 1,200% since 1990 and with a stable business model that focuses on farming equipment that the world desperately needs in order to feed the global population, Deere could easily qualify as a "Forever" stock (but it didn't make my final cut). And they have advantages the rest of us don't: entire staffs of MBAs working for them... Wall Street CEOs who give them sweetheart deals in order to get their business... and friends at the highest levels of government and society who can steer them toward the next big thing.
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In summer of 2011, Cascade Investment purchased 7.5 millionshares of this stock... an investment worth $571 million, ranking it as Gates' biggest purchase in recent memory. And they have advantages the rest of us don't: entire staffs of MBAs working for them... Wall Street CEOs who give them sweetheart deals in order to get their business... and friends at the highest levels of government and society who can steer them toward the next big thing. These advantages have helped corporate titans like Buffett and Gates deliver some of the biggest gains in stockmarket history.
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723128.0
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2012-06-18 00:00:00 UTC
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Caterpillar Hikes Dividend - Analyst Blog
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https://www.nasdaq.com/articles/caterpillar-hikes-dividend-analyst-blog-2012-06-18
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Caterpillar Inc. ( CAT ) upped its quarterly dividend by 6 cents to 52 cents to boost shareholder value. The hike translates to a 13% increase from the prior dividend of 46 cents, marking the highest percentage increase in the dividend since the financial crisis of 2008.
The increased dividend will be paid on August 20, 2012, to stockholders of record on July 20, 2012. Caterpillar has been a consistent payer of quarterly dividends since its formation in 1925. The current dividend hike comes exactly after a year. The last dividend hike of 5% from 44 cents to 46 cents was announced in June 2011.
Prior to the recession, the company had increased its dividend by 17% to 42 cents. During the recession Caterpillar had refrained from hiking dividends. After a hiatus of two years, Caterpillar had resumed its trend of increasing the dividend in June 2010. The dividend was then raised by 2 cents or 5% to 44 cents.
Caterpillar's strategy is to deliver Total Stockholder Return in the upper 25% of the S&P 500. The current hike represents its continued commitment to providing value to stockholders. During the past 10 years, Caterpillar's total stockholder return has been 322%, which is in the top 25% of the S&P 500.
Meanwhile Caterpillar continues to focus on strengthening its balance sheet and improving cash flow. Caterpillar had cash and short-term investments of $2.8 billion as of March 31, 2012. Total debt-to-capital ratio improved to 67% as of March 31, 2012 from 69% as of December 31, 2011. The debt-to-capital ratio at Machinery & Power Systems improved to 40.5% at the end of the first quarter of fiscal 2012 from 42.7% at the end of fiscal year-end 2011.
Caterpillar's closest competitor, Deere & Co. ( DE ) had hiked its dividend in March 2012. Deere increased its dividend by 12%, or 5 cents, to 46 cents. This was the tenth consecutive year of the company's dividend hike. Caterpillar's annualized dividend yield of 2.39% falls behind Deere's annualized dividend yield of 2.44%. Caterpillar's dividend payout ratio of 22.56% is also short of Deere's 23.16%.
Caterpillar has kicked off 2012 on a promising note by posting record earnings per share of $2.37 in the first quarter. Caterpillar has its sales guidance in the range of $68 billion to $72 billion for 2012 and raised its EPS guidance to $9.50. This, if realized, would mark a record in Caterpillar s history, even ahead of last year's ground-breaking results. Furthermore, Caterpillar is sitting on a record backlog that assures a promising 2012. Caterpillar thus has ample scope to increase its dividend payout.
Caterpillar's plans to open new facilities and expand existing operations, particularly in the emerging markets, will boost its long-term potential. Furthermore, the Bucyrus acquisition has positioned Caterpillar as the leading global mining original equipment manufacturer. However, margin headwinds, the European debt crisis and a slowing Chinese economy may impede its earnings growth in the near term. Thus, we maintain our Neutral recommendation on Caterpillar in conformity with the Zacks #3 Rank (short-term Hold rating) held by the stock over the near term.
CATERPILLAR INC (CAT): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, margin headwinds, the European debt crisis and a slowing Chinese economy may impede its earnings growth in the near term. Caterpillar Inc. ( CAT ) upped its quarterly dividend by 6 cents to 52 cents to boost shareholder value. The hike translates to a 13% increase from the prior dividend of 46 cents, marking the highest percentage increase in the dividend since the financial crisis of 2008.
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During the past 10 years, Caterpillar's total stockholder return has been 322%, which is in the top 25% of the S&P 500. Caterpillar's annualized dividend yield of 2.39% falls behind Deere's annualized dividend yield of 2.44%. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar Inc. ( CAT ) upped its quarterly dividend by 6 cents to 52 cents to boost shareholder value. The hike translates to a 13% increase from the prior dividend of 46 cents, marking the highest percentage increase in the dividend since the financial crisis of 2008. Caterpillar's annualized dividend yield of 2.39% falls behind Deere's annualized dividend yield of 2.44%.
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The current dividend hike comes exactly after a year. Total debt-to-capital ratio improved to 67% as of March 31, 2012 from 69% as of December 31, 2011. Deere increased its dividend by 12%, or 5 cents, to 46 cents.
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723129.0
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2012-06-14 00:00:00 UTC
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Terex Intros New Division - Analyst Blog
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https://www.nasdaq.com/articles/terex-intros-new-division-analyst-blog-2012-06-14
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Terex Corporation ( TEX ) has launched a new division called Terex Port Solutions to be incorporated within its Terex Material Handling and Port Solutions segment. Under this new division, Terex will unite its port solution products with the products of Gottwald Port Technology which will be marketed as Terex Gottwald.
Based in Dusseldorf, Germany, Gottwald Port Technology is a subsidiary of Demag Cranes AG. In 2011, Terex acquired approximately 82% stake in Demag Cranes and formed the Material Handling and Port Solutions segment.
The product lines of Terex Port Solutions will include Noell, Fantuzzi, PPM and Reggiane brands, which will be merged with Gottwald's wide product range. The new division will offer hip-to-shore and mobile harbor cranes, straddle and sprinter carriers, automated guided vehicles and stacking cranes, rubber tired and rail mounted gantry cranes among others.
The synergy benefits Terex in augmenting its portfolio in the lines of port solutions. In addition, it will enable Terex to offer innovative product range to meet the growing demand of its increasing customer base.
During the first-quarter 2012, Material Handling and Port Solutions Segment delivered revenues of $367.5 million, riding on strong demand for industrial cranes, primarily process cranes and handling technology and mobile harbor cranes.
Backlog in the segment was $492 million, a roughly 5% sequential increase. Demand for mobile harbor cranes soared, driven by strong port capacity and container traffic.
Recently, Terex successfully manufactured and delivered indigenous rough terrain cranes in Brazil. The company intends to expand in the lines of crane product support along with aftermarket coverage catering to the needs of a wide customer base.
However, Terex was not the only company to introduce rough terrain cranes in Brazil. One of its competitors, Manitowoc Company, Inc. ( MTW ) has also opened a facility in Brazil to supply rough terrain cranes in Latin America.
Terex also faces tough competition from companies like Caterpillar Inc. ( CAT ) and Deere & Company ( DE ). Therefore, it must make an earnest effort to expand its product portfolio, serving its customers better to offset the growing threats from its competitors that can take away its potential buyers.
Terex currently 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
MANITOWOC INC (MTW): 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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In addition, it will enable Terex to offer innovative product range to meet the growing demand of its increasing customer base. The company intends to expand in the lines of crane product support along with aftermarket coverage catering to the needs of a wide customer base. Under this new division, Terex will unite its port solution products with the products of Gottwald Port Technology which will be marketed as Terex Gottwald.
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Under this new division, Terex will unite its port solution products with the products of Gottwald Port Technology which will be marketed as Terex Gottwald. During the first-quarter 2012, Material Handling and Port Solutions Segment delivered revenues of $367.5 million, riding on strong demand for industrial cranes, primarily process cranes and handling technology and mobile harbor cranes. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MANITOWOC INC (MTW): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Under this new division, Terex will unite its port solution products with the products of Gottwald Port Technology which will be marketed as Terex Gottwald. CATERPILLAR INC (CAT): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report MANITOWOC INC (MTW): Free Stock Analysis Report TEREX CORP (TEX): Free Stock Analysis Report To read this article on Zacks.com click here. Based in Dusseldorf, Germany, Gottwald Port Technology is a subsidiary of Demag Cranes AG.
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In addition, it will enable Terex to offer innovative product range to meet the growing demand of its increasing customer base. During the first-quarter 2012, Material Handling and Port Solutions Segment delivered revenues of $367.5 million, riding on strong demand for industrial cranes, primarily process cranes and handling technology and mobile harbor cranes. Under this new division, Terex will unite its port solution products with the products of Gottwald Port Technology which will be marketed as Terex Gottwald.
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723130.0
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2012-06-06 00:00:00 UTC
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Deere Fortifies Production Capacity - Analyst Blog
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https://www.nasdaq.com/articles/deere-fortifies-production-capacity-analyst-blog-2012-06-06
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In order to augment the production capacity of its Illinois facility, Deere & Co. ( DE ) intends to invest $47 million in its Moline plant. The facility produces hydraulic cylinders which are used in the agricultural, construction as well as forestry machines and sold across the globe.
The company decided to upgrade the machining tools of cylinder operations in the facility to meet the rising demand in theglobal market However, Deere has confirmed that there will not be any addition to the work force in that facility because of this initiative.
Deere has been instrumental in expanding its production capacity, driven by its mid-cycle sales goal of $50 billion by 2018. The company's focus now extends to the overseas markets of China, Brazil, India and Russia.
Apart from the overseas market, Deere is also increasing its focus on the U.S. and Canadian markets. These markets accounted for nearly 60% of the total revenue and about 75% of the company's profit in 2011.
Deere has been experiencing strong demand on the agricultural front. The demand for its agricultural equipment has accelerated with an increase in farm income globally.
The United States Department of Agriculture forecasts net farm income to be around $91.7 billion in 2012. It is expecting a record corn crop of 48 million tons this year, up 4.5 million tons year over year, which will be the largest yield in the last 75 years.
This bullish trend will be witnessed worldwide, as the global corn production is estimated to rise 10% with several countries posting record yields. As a result, the farmers will be encouraged to invest in the latest machinery to maximize productivity.
Further, in February this year, the company hiked its dividend by 5 cents a share to 46 cents per share. The hike was nearly 12% from the prior dividend of 41 cents . Given its cash rich position, Deere plans to increase its dividend payout ratio on an average of 25% to 35%.
However, we think margin expansion will be constrained for the balance of 2012, given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses.
Furthermore, Deere products use steel and other raw materials which are facing rising cost levels. Inflated costs of raw materials could further pressure margins. Deere expects raw material costs to increase year-over-year in the range of $400-$500 million in 2012.
Deere faces stiff competition from companies like Caterpillar Inc. ( CAT ) and CNH Global NV ( CNH ). Currently, the stock retains a short-term Zacks #3 Rank (Hold). We have a long-term Neutral recommendation on Deere.
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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In order to augment the production capacity of its Illinois facility, Deere & Co. ( DE ) intends to invest $47 million in its Moline plant. This bullish trend will be witnessed worldwide, as the global corn production is estimated to rise 10% with several countries posting record yields. However, we think margin expansion will be constrained for the balance of 2012, given the increased costs for the Interim Tier 4 technologies and products, and higher research and development expenses.
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Deere faces stiff competition from companies like Caterpillar Inc. ( CAT ) and CNH Global NV ( CNH ). 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. In order to augment the production capacity of its Illinois facility, Deere & Co. ( DE ) intends to invest $47 million in its Moline plant.
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The company decided to upgrade the machining tools of cylinder operations in the facility to meet the rising demand in theglobal market However, Deere has confirmed that there will not be any addition to the work force in that facility because of this initiative. Furthermore, Deere products use steel and other raw materials which are facing rising cost levels. 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.
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Apart from the overseas market, Deere is also increasing its focus on the U.S. and Canadian markets. The demand for its agricultural equipment has accelerated with an increase in farm income globally. Furthermore, Deere products use steel and other raw materials which are facing rising cost levels.
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2012-06-05 00:00:00 UTC
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Buy These ETFs to Profit From The Global Population Boom - Investment Ideas
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https://www.nasdaq.com/articles/buy-these-etfs-profit-global-population-boom-investment-ideas-2012-06-05
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As the investors deal with the uncertainty regarding the future of the European Union, slowdown in the emerging markets and doubts regarding the economic recovery in U.S., the markets are expected to continue to be volatile in the coming weeks.
Many investors are selling equities and seeking refuge in "safe" government bonds or cash in order to protect their money. However, with the current yields at their all-time lows, bonds (like cash) will result in loss of capital, when taking the inflation into account. (Read: Buy The Ultimate Commodity With These Water ETFs )
In view of the short-term uncertainty, the investors could consider some sectors that are guaranteed to fetch attractive returns in the long-run.
According to the United Nations , global population will grow from 7 billion to almost 9 billion by 2040 and the number of middle-class consumers will increase by 3 billion over the next 20 years.
As a result, the demand for essential resources will rise sharply. By 2030, we will need 50% more food and 30% more water for the rapidly growing population.
Further, the population living in the urban areas will increase from 3.5 billion in 2010 to 4.9 billion in 2030. As the world becomes more urbanized, there would be greater need for investment in infrastructure services. (Read: Five Emerging Market Infrastructure ETFs For The Coming Boom )
Below we have analyzed three top ETFs that will benefit from the exponentially increasing global need for food, water and infrastructure for the booming population.
Market Vectors Agribusiness ETF ( MOO )
For investors seeking to benefit from growing demand for food and resulting increase in food prices, the best option is to invest in the most popular agribusiness ETF MOO.
MOO seeks to track the performance of the DAXglobal Agribusiness Index, which provides exposure to companies that derive at least 50% of their revenues from agricultural business.
This ETF was introduced in August 2007 and has proved to be extremely popular choice for investors in this space, attracting more than $5 billion in assets till date. It has returned a negative 3.5% year-to-date. However looking at the longer term, the fund has rewarded the investors with an attractive 20.2% in 3 years. (Read: The Comprehensive Guide to Consumer Staples ETFs )
The ETF currently holds 49 securities, most of which are large cap (84%) companies. Monsanto ( MON ), Potash Corp. of Saskatchewan ( POT ) and Deere ( DE ) are the top three holdings for the fund. The fund is top-heavy with top ten holdings accounting for 57% of the assets.
In terms of country exposure, U.S. (38%), Canada (14%) and Singapore (11%) occupy the top spots. The fund charges expense ratio of 0.56% annually, making it one of the cheapest choices in this space.
An alternative to MOO is PowerShares Global Agriculture Fund ( PAGG ), which with AUM of 102 million is much smaller and with an expense ratio of 0.75% is more expensive than MOO.
Another option is DB Agriculture Fund (DBA), which uses futures contracts on some of widely traded agricultural commodities. This fund has $1.8 billion in AUM and charges 0.75% in expenses.
PowerShares Global Water Portfolio ( PIO)
PIO is a play on global needs for water and it tracks NASDAQ OMX Global Water Index that has a focus on firms in the global water industry. Started in June 2007, this ETF has attracted $215 million in assets and has returned about 13% in the last three years.
Top country allocations are U.S. (41%), U.K. (21%), France (15%) and Brazil (4%). The fund holds 31 securities, which are mainly in the Utilities (49%) and Industrials (35%) sectors. The fund has an annual expense ratio of 75 basis points and has appreciated 1.5% year-to-date.
Another choice for investors in this space is Guggenheim S&P Global Water Fund ( CGW ), which manages $178 million in assets and charges 0.65% in expenses.
S&P Emerging Markets Infrastructure Index Fund ( EMIF )
For infrastructure exposure, it is better to invest in an emerging market focused fund than a broader fund, since most of the growth in this area will be in developing countries. According to a study the demand for infrastructure in emerging markets will reach $1 trillion annually through 2030.
EMIF tracks the S&P Emerging Markets Infrastructure Index, which is a market capitalization weighted index of 30 of the largest publicly listed infrastructure companies in ten emerging markets.
The fund currently has $109 million in AUM in 30 securities. Brazil (33%) takes the top spot in terms of country exposure, followed by China (26%) and Chile (7%). Transport sector has been assigned heaviest weight (41%) while Electric Utilities (28%) and Oil & Gas (11%) occupy the next two spots.
The fund made its debut in June 2009 and has returned 14% since inception (as of March 31, 2012). The expense ratio is currently contractually capped at 0.75% through June 2013 and may go up 5 basis points after that date. Year-to-date, the fund has returned 5% in price terms.
Other choice available to the investors in this space is PowerShares Emerging Markets Infrastructure ETF ( PXR ), which has $103 million in AUM and charges a similar expense ratio of 75 basis points per year.
GUGG-SP GL WAT (CGW): ETF Research Reports
PWRSH-DB AGRIC (DBA): ETF Research Reports
DEERE & CO (DE): Free Stock Analysis Report
ISHARS-SP EM IN (EMIF): ETF Research Reports
MONSANTO CO-NEW (MON): Free Stock Analysis Report
MKT VEC-AGRIBUS (MOO): ETF Research Reports
PWRSH-GLBL AGRI (PAGG): ETF Research Reports
PWRSH-GLB WTR P (PIO): ETF Research Reports
POTASH SASK (POT): Free Stock Analysis Report
PWRSH-EM MKT IN (PXR): 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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(Read: Buy The Ultimate Commodity With These Water ETFs ) In view of the short-term uncertainty, the investors could consider some sectors that are guaranteed to fetch attractive returns in the long-run. As the investors deal with the uncertainty regarding the future of the European Union, slowdown in the emerging markets and doubts regarding the economic recovery in U.S., the markets are expected to continue to be volatile in the coming weeks. Many investors are selling equities and seeking refuge in "safe" government bonds or cash in order to protect their money.
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Market Vectors Agribusiness ETF ( MOO ) For investors seeking to benefit from growing demand for food and resulting increase in food prices, the best option is to invest in the most popular agribusiness ETF MOO. GUGG-SP GL WAT (CGW): ETF Research Reports PWRSH-DB AGRIC (DBA): ETF Research Reports DEERE & CO (DE): Free Stock Analysis Report ISHARS-SP EM IN (EMIF): ETF Research Reports MONSANTO CO-NEW (MON): Free Stock Analysis Report MKT VEC-AGRIBUS (MOO): ETF Research Reports PWRSH-GLBL AGRI (PAGG): ETF Research Reports PWRSH-GLB WTR P (PIO): ETF Research Reports POTASH SASK (POT): Free Stock Analysis Report PWRSH-EM MKT IN (PXR): ETF Research Reports To read this article on Zacks.com click here. As the investors deal with the uncertainty regarding the future of the European Union, slowdown in the emerging markets and doubts regarding the economic recovery in U.S., the markets are expected to continue to be volatile in the coming weeks.
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S&P Emerging Markets Infrastructure Index Fund ( EMIF ) For infrastructure exposure, it is better to invest in an emerging market focused fund than a broader fund, since most of the growth in this area will be in developing countries. GUGG-SP GL WAT (CGW): ETF Research Reports PWRSH-DB AGRIC (DBA): ETF Research Reports DEERE & CO (DE): Free Stock Analysis Report ISHARS-SP EM IN (EMIF): ETF Research Reports MONSANTO CO-NEW (MON): Free Stock Analysis Report MKT VEC-AGRIBUS (MOO): ETF Research Reports PWRSH-GLBL AGRI (PAGG): ETF Research Reports PWRSH-GLB WTR P (PIO): ETF Research Reports POTASH SASK (POT): Free Stock Analysis Report PWRSH-EM MKT IN (PXR): ETF Research Reports To read this article on Zacks.com click here. As the investors deal with the uncertainty regarding the future of the European Union, slowdown in the emerging markets and doubts regarding the economic recovery in U.S., the markets are expected to continue to be volatile in the coming weeks.
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As the investors deal with the uncertainty regarding the future of the European Union, slowdown in the emerging markets and doubts regarding the economic recovery in U.S., the markets are expected to continue to be volatile in the coming weeks. Many investors are selling equities and seeking refuge in "safe" government bonds or cash in order to protect their money. (Read: Buy The Ultimate Commodity With These Water ETFs ) In view of the short-term uncertainty, the investors could consider some sectors that are guaranteed to fetch attractive returns in the long-run.
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2012-05-21 00:00:00 UTC
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Market Wrap-Up for May 21 (FB, LOW, CPB, BA, CAT, HON, more)
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https://www.nasdaq.com/articles/market-wrap-may-21-fb-low-cpb-ba-cat-hon-more-2012-05-21
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It was a snap-back Monday for the U.S. averages, as traders dug their heels in and bought their share of high-beta stocks that have been hit hard this past month. I certainly don't miss the days of waiting for those bounces, whenever I let my trading discipline down (which happened less and less after learning some crucial early lessons).
Looking at today's action, the bounce did not help the earnings stories of Lowe's ( LOW ) and Campbell Soup ( CPB ). On the flipside, positive analyst commentary helped lift stocks like American Eagle Outfitters ( AEO ) and Boeing ( BA ). Commodity/Capital goods plays like Caterpillar ( CAT ), Deere ( DE ), and Honeywell ( HON ) also regained a bit of their losses from the past month or so. It's too early to tell if today marks any significant bottom for the averages, but I have more thoughts on what investors should be contemplating at this stage of the game below.
Life After Facebook IPO
As Facebook ( FB ) shares fell (down 12% by the close) and business commentators backpedal about what went wrong with the IPO, life for dividend investors simply proceeds as normal. The pomp and circumstance of the IPO has passed and retail investors who bought the stock are likely wondering, do I buy more, or do I sit pat? Most won't think about selling at a loss, because human nature makes it very hard for inexperienced investors to accept bad trades/losses.
The business media is frantically trying to make sense of Facebook's early price weakness. Of course, the media won't look at itself for making retail investors foam at the mouth about the IPO in the first place. Instead, they're blaming Wall Street, the underwriters, or the Nasdaq exchange itself for having trade execution issues. Smart dividend investors will look back on this story as just another lesson to keep in mind when they're tempted to roll the dice on a hot new "can't-miss" IPO.
Following the recent wider market pullback, we continue to look for more dividend opportunities. All the while, we're closely watching our current picks to see if they still warrant new investing capital. If we see danger signs for the business of one of the stocks we recommend, we will not hesitate to say "sell" altogether (although most of our downgrades are simply "holds").
What Should Scare Dividend Investors the Most
It's funny, we almost never get users e-mail us worrying about markets when they are ripping higher, but as soon as the selling stretches more than a few days, fear takes over. Ironically, it is when the markets are ripping higher that we are at our most uncomfortable position. You see, we are trying to avoid situations where investors are putting fresh capital into stocks that have run too far, too fast. No one usually likes to see us downgrade a stock they own from the Best Dividend Stocks List , but we have to stick to a discipline that has worked well over the years.
That's not to say that sell-offs don't concern us, but when we feel our recommendations are positioned well, we look at the pullbacks as more opportunity than anything else. Again, if stocks we like are down on stock-specific news, that would warrant a close look, but when the overall market is down, we are certainly not rattled. When the job is building wealth over the long term, day-to-day moves will look miniscule when you look back over your investing lifetime.
Our job at Dividend.com is not to find individual trading ideas and pump up investing as a sport. Instead, we see what we do as an ongoing education process that we humbly feel includes ongoing lessons for ourselves as well. All the while, investors pile up dividend payouts month after month and see their portfolios climb year after year, helped by the power of compound interest.
Our Beat The Markets with Dividend Stocks eBook Has Arrived!
We just debuted our brand new 275-page eBook, exclusively on Dividend.com! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Dividend.com Premium subscribers.
Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It's a great way to get prepared for your investing next year! So head over to the Dividend.com Premium homepage now to download your copy.
I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles , including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. These articles are a great way to catch up on the week that was in the markets. We also have a rundown of how various Dividend ETFs performed on the week.
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 was a snap-back Monday for the U.S. averages, as traders dug their heels in and bought their share of high-beta stocks that have been hit hard this past month. What Should Scare Dividend Investors the Most It's funny, we almost never get users e-mail us worrying about markets when they are ripping higher, but as soon as the selling stretches more than a few days, fear takes over. I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles , including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks.
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Life After Facebook IPO As Facebook ( FB ) shares fell (down 12% by the close) and business commentators backpedal about what went wrong with the IPO, life for dividend investors simply proceeds as normal. Instead, we see what we do as an ongoing education process that we humbly feel includes ongoing lessons for ourselves as well. It was a snap-back Monday for the U.S. averages, as traders dug their heels in and bought their share of high-beta stocks that have been hit hard this past month.
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Life After Facebook IPO As Facebook ( FB ) shares fell (down 12% by the close) and business commentators backpedal about what went wrong with the IPO, life for dividend investors simply proceeds as normal. No one usually likes to see us downgrade a stock they own from the Best Dividend Stocks List , but we have to stick to a discipline that has worked well over the years. Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there.
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No one usually likes to see us downgrade a stock they own from the Best Dividend Stocks List , but we have to stick to a discipline that has worked well over the years. Our Beat The Markets with Dividend Stocks eBook Has Arrived! It was a snap-back Monday for the U.S. averages, as traders dug their heels in and bought their share of high-beta stocks that have been hit hard this past month.
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723133.0
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2012-05-17 00:00:00 UTC
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Company News for May 17, 2012 - Corporate Summary
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DE
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https://www.nasdaq.com/articles/company-news-for-may-17-2012-corporate-summary-2012-05-17
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nan
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nan
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• J.C. Penney Company, Inc. (NYSE: JCP ) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. Savings from this move, of about $175 million, will be invested in a transformation plan
• SINA Corporation (NASDAQ: SINA ) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27
• Target Corporation (NYSE: TGT ) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $1.01
• Deere & Company (NYSE: DE ) posted second quarter earnings per share of $2.61, surpassing the Zacks Consensus Estimate of $2.54
• Staples, Inc. (NASDAQ: SPLS ) reported first quarter earnings per share of $0.30, matching the Zacks Consensus Estimate of $0.30
DEERE & CO (DE): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
SINA CORP (SINA): Free Stock Analysis Report
STAPLES INC (SPLS): Free Stock Analysis Report
TARGET CORP (TGT): 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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• J.C. Penney Company, Inc. (NYSE: JCP ) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. Savings from this move, of about $175 million, will be invested in a transformation plan • SINA Corporation (NASDAQ: SINA ) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27 • Target Corporation (NYSE: TGT ) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $1.01 • Deere & Company (NYSE: DE ) posted second quarter earnings per share of $2.61, surpassing the Zacks Consensus Estimate of $2.54 • Staples, Inc. (NASDAQ: SPLS ) reported first quarter earnings per share of $0.30, matching the Zacks Consensus Estimate of $0.30 DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report SINA CORP (SINA): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report TARGET CORP (TGT): 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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• J.C. Penney Company, Inc. (NYSE: JCP ) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. Savings from this move, of about $175 million, will be invested in a transformation plan • SINA Corporation (NASDAQ: SINA ) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27 • Target Corporation (NYSE: TGT ) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $1.01 • Deere & Company (NYSE: DE ) posted second quarter earnings per share of $2.61, surpassing the Zacks Consensus Estimate of $2.54 • Staples, Inc. (NASDAQ: SPLS ) reported first quarter earnings per share of $0.30, matching the Zacks Consensus Estimate of $0.30 DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report SINA CORP (SINA): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report TARGET CORP (TGT): 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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Savings from this move, of about $175 million, will be invested in a transformation plan • SINA Corporation (NASDAQ: SINA ) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27 • Target Corporation (NYSE: TGT ) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $1.01 • Deere & Company (NYSE: DE ) posted second quarter earnings per share of $2.61, surpassing the Zacks Consensus Estimate of $2.54 • Staples, Inc. (NASDAQ: SPLS ) reported first quarter earnings per share of $0.30, matching the Zacks Consensus Estimate of $0.30 DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report SINA CORP (SINA): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. • J.C. Penney Company, Inc. (NYSE: JCP ) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. 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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• J.C. Penney Company, Inc. (NYSE: JCP ) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. Savings from this move, of about $175 million, will be invested in a transformation plan • SINA Corporation (NASDAQ: SINA ) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27 • Target Corporation (NYSE: TGT ) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $1.01 • Deere & Company (NYSE: DE ) posted second quarter earnings per share of $2.61, surpassing the Zacks Consensus Estimate of $2.54 • Staples, Inc. (NASDAQ: SPLS ) reported first quarter earnings per share of $0.30, matching the Zacks Consensus Estimate of $0.30 DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report SINA CORP (SINA): Free Stock Analysis Report STAPLES INC (SPLS): Free Stock Analysis Report TARGET CORP (TGT): 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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5f5a074c-2c14-47ac-b6e8-f40197394848
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723134.0
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2012-05-17 00:00:00 UTC
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Deere’s Earnings Estimates Raised at Jefferies (DE)
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DE
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https://www.nasdaq.com/articles/deeres-earnings-estimates-raised-jefferies-de-2012-05-17
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nan
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nan
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Farm and construction equipment maker Deere & Company ( DE ) on Thursday received some positive commentary from analysts at Jefferies & Co.
The firm maintained its "Hold" rating on DE but lifted its earnings estimates for the company through 2013. Jefferies noted that North American sales are going better than expected.
Deere shares were mostly flat in early trading Thursday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $74.18. The stock has technical support in the $69-$70 price area. If the shares can firm up, we see overhead resistance around the $80 price level.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farm and construction equipment maker Deere & Company ( DE ) on Thursday received some positive commentary from analysts at Jefferies & Co. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $74.18. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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Farm and construction equipment maker Deere & Company ( DE ) on Thursday received some positive commentary from analysts at Jefferies & Co. 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. The firm maintained its "Hold" rating on DE but lifted its earnings estimates for the company through 2013.
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Farm and construction equipment maker Deere & Company ( DE ) on Thursday received some positive commentary from analysts at Jefferies & Co. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $74.18. Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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Farm and construction equipment maker Deere & Company ( DE ) on Thursday received some positive commentary from analysts at Jefferies & Co. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $74.18. Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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41f4b87c-bea6-47e1-9336-c15f01a2c86b
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723135.0
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2012-05-16 00:00:00 UTC
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Deere Beats, Ups Guidance - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-beats-ups-guidance-analyst-blog-2012-05-16
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nan
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nan
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Deere & Co. ( DE ) delivered earnings of $2.61 per share in its second quarter of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $2.54. Results were 23% above the $2.12 earned in the year-ago quarter.
The outperformance was largely driven by a strong demand for farm machinery, the launch of advanced new products and geographic expansion.
Operational Update
Deere's worldwide total sales increased 12% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.67 billion.
Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $9.4 billion, a 13% year-over-year increase including a price increase of 5% and an unfavorable currency translation effect of 2%. On a geographic basis, equipment net sales were up 18% in the United States and Canada and, 6% in rest of the world.
Cost of sales in the quarter totaled $6.8 billion, up 12% year over year. Operating profit improved 16% year over year to $1.94 billion in the quarter.
Segment Performance
The Agriculture & Turf segment's sales increased 11% to $7.7 billion, led by higher shipment volumes and improved price realization. Operating profit at the segment was $1.4 billion, up 21% year over year. The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material costs and, research and development expenses.
Construction & Forestry posted year-over-year sales growth of 26% to reach $1.67 billion, ascribed to higher shipment volumes and improved price realization. The segment operating profit increased 13% year over year to $119 million, driven by higher shipment, production volumes and improved price realization, partially offset by higher raw material costs and unfavorable product mix.
Net revenues at Deere's Financial Services operations were $488 million in the reported quarter, down 1% from the year-ago quarter. Net income in the segment was $109 million, up from $105 million in the year-ago quarter. Benefits from growth in credit portfolio were offset by higher selling, administrative and general expenses.
Financial Position
As of March 31, 2012, Deere had cash and cash equivalents of $3.02 billion, down from $3.39 billion as of January 31, 2012 and $3.95 billion as of March 31, 2011. Long-term borrowings increased to $18.7 billion as of March 31, 2012 from $16.92 billion as of January 31, 2012 and $16.2 billion as of April 31, 2011. Net cash used for operating activities for the first half of fiscal 2012 was $1.53 billion compared with $665.3 million in the corresponding prior-year period.
Looking Forward
Deere expects equipment sales to grow around 15% in fiscal 2012. The guidance includes an unfavorable currency-translation impact of 3%. Net income is projected at $3.35 billion, up from the previous expectation of $3.275 billion.
Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full-year 2012, benefiting from the favorable global farm conditions, introduction of advanced new products throughout the globe and from major expansion projects particularly in the emerging markets.
Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow by 10% for 2012. While sales in Western and Central Europe are expected to be flat to up 5%, sales in the Commonwealth of Independent States are expected to witness strong growth. Asian growth is expected to be moderate. 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 20% for 2012. This reflects strength in the rental, energy, material-handling, industrial and international sectors and growth in sales to independent rental companies, which are upgrading and replenishing their fleets.
Sales growth is also expected to be aided by advanced new products and geographic expansion. Net income from Financial Services is estimated at $465 million.
Our Take
Deere is riding a wave of strong demand for agricultural commodities and increase in farm income globally. The United States Department of Agriculture forecasts net farm income to be at $91.7 billion in 2012. It is expecting a record corn crop of 48 million tons this year, up 4.5 million tons year on year, which will be the largest yield in the last 75 years.
This bullish trend will be witnessed worldwide, as the global corn production is estimated to rise 10% with several countries posting record yields. This will encourage farmers to invest in the latest machinery to maximize productivity, favoring Deere and other companies in this space.
Deere's sales will also be supported by launch of a range of advanced new products and by geographic expansion. Deere has been growing its manufacturing footprint in overseas markets such as China, Brazil, Russia and India.
The expansion into the emerging markets should provide long-term growth opportunities. Population growth and rising living standards in the emerging markets are fueling growth in global food demand.
In addition, Deere is also increasing its focus in the U.S. and Canada. This area generated nearly 60% of total revenues and about 75% of the company's profit in 2011.
The company currently retains a Zacks #2 Rank (short-term Buy recommendation).
Illinois-based Deere & Co. is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere competes with Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
CATERPILLAR INC (CAT): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): 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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Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full-year 2012, benefiting from the favorable global farm conditions, introduction of advanced new products throughout the globe and from major expansion projects particularly in the emerging markets. This bullish trend will be witnessed worldwide, as the global corn production is estimated to rise 10% with several countries posting record yields. Deere & Co. ( DE ) delivered earnings of $2.61 per share in its second quarter of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $2.54.
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The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material costs and, research and development expenses. CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Co. ( DE ) delivered earnings of $2.61 per share in its second quarter of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $2.54.
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Operational Update Deere's worldwide total sales increased 12% year over year to $10 billion, beating the Zacks Consensus Estimate of $9.67 billion. Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full-year 2012, benefiting from the favorable global farm conditions, introduction of advanced new products throughout the globe and from major expansion projects particularly in the emerging markets. Deere & Co. ( DE ) delivered earnings of $2.61 per share in its second quarter of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $2.54.
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Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full-year 2012, benefiting from the favorable global farm conditions, introduction of advanced new products throughout the globe and from major expansion projects particularly in the emerging markets. Deere & Co. ( DE ) delivered earnings of $2.61 per share in its second quarter of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $2.54. The outperformance was largely driven by a strong demand for farm machinery, the launch of advanced new products and geographic expansion.
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07537a16-e54b-4400-8be5-b1ed21115b1b
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723136.0
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2012-05-16 00:00:00 UTC
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Europe Fears Keep Good U.S. News in Check - Analyst Blog
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DE
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https://www.nasdaq.com/articles/europe-fears-keep-good-us-news-check-analyst-blog-2012-05-16
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nan
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nan
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Greece-inspired worries continue to dominate the headlines again this morning, trying hard to divert the market's attention from a strong Housing Starts reading and better-than-expected results from Deere ( DE ) and Target ( TGT ). Greek society has endured a lot over the last two years, but the upcoming election, which will effectively be a referendum on the country's position in the union, has the potential of pushing them truly into uncharted territory.
Contagion fears have spiked as the odds of a Greek exit from the currency union have increased. Yield on the benchmark 10-year Spanish government bond has jumped since the Greek election to 6.4% from 5.7%, reflecting such concerns. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading.
We don't have much data on trends in Spanish bank deposits yet, but Greek banks appear to be losing depositors at a disconcertingly fast pace. The European Central Bank's announcement that it will not pull funding from Greek banks is helpful, but may not be enough to restore confidence at this stage.
I don't think Euro-zone leaders are worrying much about Greece at this stage. Their goal is protect Spain, and it is far from clear at this stage if they have the ability to ring-fence that country from the gathering storm.
If only the market will stop fretting about Europe so much and start paying more attention to developments on the domestic economic front, we would have a lot more green arrows on our screens. This morning's better-than-expected Housing data will provide it with one such opportunity. We also have Industrial Production and minutes of the Fed's last meeting on tap for release a little later.
The April Housing Starts data this morning came in better than expected, with positive revisions to prior data reversing the weak reading from the month before. Housing Starts increased by a better-than-expected 2.5% to 717K annualized pace in April from March's upwardly revised 699K level (originally reported at 654K). Housing Permits were down 7% after the strong 8.8% gain March.
The Starts decline was not unexpected, particularly following the gains in March. But the breadth of improvement on the Starts front is particularly notable, as the gains were not restricted to the multi-family segment as had been the case in recent months, but are also showing up in single-family homes. Perhaps all the talk of a housing bottom may not be without a basis given these numbers.
On the earnings front, we got solid earnings beats from Target and Deere & Company this morning. J.C. Penney ( JCP ) was not that lucky in its results after the close on Tuesday, as it came out with a terrible report. Management suspended the quarterly dividend and withdrew previous guidance, indicating that the restructuring effort has failed to show any results.
DEERE & CO (DE): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
TARGET CORP (TGT): 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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Greece-inspired worries continue to dominate the headlines again this morning, trying hard to divert the market's attention from a strong Housing Starts reading and better-than-expected results from Deere ( DE ) and Target ( TGT ). If only the market will stop fretting about Europe so much and start paying more attention to developments on the domestic economic front, we would have a lot more green arrows on our screens. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading.
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Greece-inspired worries continue to dominate the headlines again this morning, trying hard to divert the market's attention from a strong Housing Starts reading and better-than-expected results from Deere ( DE ) and Target ( TGT ). In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading. DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Greece-inspired worries continue to dominate the headlines again this morning, trying hard to divert the market's attention from a strong Housing Starts reading and better-than-expected results from Deere ( DE ) and Target ( TGT ). DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading.
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Greece-inspired worries continue to dominate the headlines again this morning, trying hard to divert the market's attention from a strong Housing Starts reading and better-than-expected results from Deere ( DE ) and Target ( TGT ). In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading. The Starts decline was not unexpected, particularly following the gains in March.
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96868939-8e40-4ac0-a80c-0f528d7d524d
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723137.0
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2012-05-16 00:00:00 UTC
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Ahead of Wall Street - May 16, 2012 - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/ahead-wall-street-may-16-2012-ahead-wall-street-2012-05-16
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nan
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nan
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Wednesday, May 16, 2012
Greece inspired worries continue to dominate the headlines again, trying hard to divert the market's attention from a strong Housing Starts reading and better than expected results from Deere ( DE ) and Target ( TGT ). The Greek society has endured a lot over the last two years, but the coming election next, which will effectively be a referendum on the country's position in the union, has the potential of pushing them truly into uncharted territory.
Contagion fears have spiked as the odds of a Greek exit from the currency union have increased. Yield on the benchmark 10-year Spanish government bond has jumped since the Greek election to 6.4% from 5.7%, reflecting such concerns. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading. We don't have much data on trends in Spanish bank deposits yet, but Greek banks appear to be losing depositors at a disconcertingly faster pace.
The European Central Bank's announcement that it will not pull funding from Greek banks is helpful, but may not be enough to restore confidence at this stage. But I don't think Euro-zone leaders are worrying much about Greece at this stage. Their goal is protect Spain and it is far from clear at this stage if they have the ability to ring-fence that country from the gathering storm.
If only the market will stop fretting about Europe that much and start paying more attention to developments on the domestic economic front, we will have a lot more green arrows on our screens. This morning's better than expected Housing data will provide it with one such opportunity. We also have Industrial Production and minutes of the Fed's last meeting on tap for release a little later.
The April Housing Starts data this morning came in better than expected, with positive revisions to prior data reversing the weak reading from the month before. Housing Starts increased by a better than expected 2.5% to 717K annualized pace in April from March's upwardly revised 699K level (originally reported at 654K). Housing Permits were down 7% after the strong 8.8% gain March. The Starts decline was not unexpected particularly following the gains in March. But the breadth of improvement on the Starts front is particularly notable, as the gains were not restricted to the multi-family segment as had been the case in recent months, but are also showing up in single-family homes. Perhaps allthe talk of a housing bottom may not be without a basis given these numbers.
On the earnings front, we got solid earnings beats from Target and Deere & Company this morning. J.C. Penney ( JCP ), was not that lucky in its results after the close on Tuesday, as it came out with a terrible report. Management suspended the quarterly dividend and withdrew previous guidance, indicating that the restructuring effort has failed to show any results.
Sheraz Mian
Director of Research
DEERE & CO (DE): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
TARGET CORP (TGT): 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, May 16, 2012 Greece inspired worries continue to dominate the headlines again, trying hard to divert the market's attention from a strong Housing Starts reading and better than expected results from Deere ( DE ) and Target ( TGT ). If only the market will stop fretting about Europe that much and start paying more attention to developments on the domestic economic front, we will have a lot more green arrows on our screens. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading.
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Wednesday, May 16, 2012 Greece inspired worries continue to dominate the headlines again, trying hard to divert the market's attention from a strong Housing Starts reading and better than expected results from Deere ( DE ) and Target ( TGT ). Sheraz Mian Director of Research DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading.
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Wednesday, May 16, 2012 Greece inspired worries continue to dominate the headlines again, trying hard to divert the market's attention from a strong Housing Starts reading and better than expected results from Deere ( DE ) and Target ( TGT ). Sheraz Mian Director of Research DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here. In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading.
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Wednesday, May 16, 2012 Greece inspired worries continue to dominate the headlines again, trying hard to divert the market's attention from a strong Housing Starts reading and better than expected results from Deere ( DE ) and Target ( TGT ). In addition to the government bond market, bank deposits are another direct channel through which contagion fears are spreading. Sheraz Mian Director of Research DEERE & CO (DE): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report To read this article on Zacks.com click here.
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f0e34489-f348-4ea1-84ff-fc5e6153de49
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723138.0
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2012-05-16 00:00:00 UTC
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Deere’s Q2 Profit & Revenue Beat the Street; Forecast Raised (DE)
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DE
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https://www.nasdaq.com/articles/deeres-q2-profit-revenue-beat-street-forecast-raised-de-2012-05-16
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted an uptick in fiscal second quarter earnings and lifted its full-year outlook.
The Moline, IL-based company reported fiscal second quarter net income of $1.06 billion, or $2.61 per share, compared with $904 million, or $2.12 per share, in the year-ago period.
Revenue rose 12% from last year to $10 billion.
On average, Wall Street analysts expected a smaller profit of $2.53 per share, on lower revenue of $9.70 billion.
Looking ahead, DE said it now expects full-year 2012 profits of $3.35 billion, up from a prior outlook of $3.28 billion.
Deere shares rose $1.08, or +1.4%, in premarket trading Wednesday.
The Bottom Line
Shares of Deere & Company ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.62. The stock has technical support in the $70-$72 price area. If the shares can firm up, we see overhead resistance around the $80-$83 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 0.0 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted an uptick in fiscal second quarter earnings and lifted its full-year outlook. The Bottom Line Shares of Deere & Company ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.62. Looking ahead, DE said it now expects full-year 2012 profits of $3.35 billion, up from a prior outlook of $3.28 billion.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted an uptick in fiscal second quarter earnings and lifted its full-year outlook. 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. Looking ahead, DE said it now expects full-year 2012 profits of $3.35 billion, up from a prior outlook of $3.28 billion.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted an uptick in fiscal second quarter earnings and lifted its full-year outlook. The Bottom Line Shares of Deere & Company ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.62. Looking ahead, DE said it now expects full-year 2012 profits of $3.35 billion, up from a prior outlook of $3.28 billion.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted an uptick in fiscal second quarter earnings and lifted its full-year outlook. The Bottom Line Shares of Deere & Company ( DE ) have a 2.40% dividend yield, based on last night's closing stock price of $76.62. Looking ahead, DE said it now expects full-year 2012 profits of $3.35 billion, up from a prior outlook of $3.28 billion.
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3f2df684-878f-4d13-85ce-3003a26f7e17
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723139.0
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2012-05-15 00:00:00 UTC
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Earnings Preview: Deere - Analyst Blog
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DE
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https://www.nasdaq.com/articles/earnings-preview%3A-deere-analyst-blog-2012-05-15
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Deere & Company ( DE ) is scheduled to announce its second quarter fiscal 2012 results on May 16, 2012. The current Zacks Consensus Estimate is $2.54 for the quarter, projecting year-over-year growth of 12.06%. The estimates in the current Zacks Consensus range between a low of $2.40 and a high of $2.73 a share. The Zacks Consensus Estimate for revenue is $9.67 billion for the quarter under discussion.
Over the trailing four quarters, Deere outperformed the Zacks Consensus Estimate, booking a positive earnings surprise. The average earnings surprise was 5.21%, implying that Deere has surpassed the Zacks Consensus Estimate by that measure over the last four quarters.
Previous Quarter Recap
Deere's first-quarter earnings per share (EPS) of $1.30 beat the Zacks Consensus Estimate of $1.23 and climbed 8% year over year, largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
Deere's worldwide total sales increased 11% year over year to $6.77 billion, beating the Zacks Consensus Estimate of $6.49 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $6.1 billion, an 11% year-over-year increase including a price increase of 4% and an unfavorable currency translation effect of 1%. On a geographical basis, equipment net sales were up 5% in the United States and Canada and 21% in the rest of the world.
Looking Forward
Deere expects equipment sales to grow around 15% in fiscal 2012. The guidance includes an unfavorable currency-translation impact of 3%. Net income is estimated at $3.275 billion. Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full year 2012, benefiting from favorable global farm conditions. The segment will also gain from the worldwide introduction of advanced new products and major expansion projects particularly in the emerging markets.
Construction and Forestry Equipment sales are expected to improve 18% for 2012, reflecting slightly improved market conditions and activity outside the U.S. and strength in Canada. Construction Equipment sales to independent rental companies are expected to improve further. Sales growth would also emerge from the launch of new products and geographic expansion.
Net income from Financial Services is estimated at $460 million. Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow 10% for 2012. Western and Central Europe are expected to be flat to up 5%. Sales in the Commonwealth of Independent States are expected to see moderate gains while growth in Asia is expected to be strong. Industry sales of turf and utility equipment in the U.S. and Canada are expected to increase slightly
Estimate Revision Trend
For the second quarter, only one of the 15 analysts covering Deere has reduced estimate over the past 30 days. For fiscal 2011, only one estimate out of 15 has been trimmed for Deere. There has been no movement in estimates for the second quarter of fiscal 2012 in the past 7 days. The limited number of estimate revisions indicates the absence of any major catalyst driving the quarterly results.
Magnitude of Estimate Revisions
The consensus earnings estimate for the second quarter of fiscal 2012 inched up a cent to $2.54 following Deere's upbeat first quarter results. There has been no movement since then. For fiscal 2012, the estimate had gone up 23 cents to $8.01 following the results. In the past 30 days the consensus slipped a cent to $8.00. There has been no movement in the past 7 days.
Our View
The United States Department of Agriculture forecasts net farm income to be at $91.7 billion in 2012. It is expecting a record corn crop of 48 million tons this year, up 4.5 million tons year on year and the largest yield in the last 75 years. This bullish trend is seen the world over with global corn production estimated to rise 10% with several countries posting record yield. This will encourage farmers to invest in the latest machinery to maximize productivity, favoring Deere and other companies in this space.
U.S. crop prices will remain strong in 2012 due to vigorous global demand and a tight supply scenario. Additionally, equipment demand will remain strong in FY12. Deere's equipment demand model depends on current year and prior year cash receipts. U.S. farm cash receipts in 2011 were 16% higher than the previous record of 2008. Therefore, equipment demand in 2012 will rise driven by record farm receipts in 2011 and a comparable pace in 2012.
Besides, Deere has been growing its manufacturing footprint overseas in markets such as China, Brazil, Russia and India. The expansion into the emerging markets should provide long-term growth opportunities. Population growth and rising living standards in the emerging markets are fueling growth in global food demand. In addition to growing its footprint in the overseas markets, Deere is also increasing its focus in the U.S. and Canada. This area generated nearly 60% of total revenues and about 75% of the company's profit in 2011.
The company currently retains a Zacks #2 Rank (short-term Buy recommendation).
Illinois-based Deere & Co. is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere competes with Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
CATERPILLAR INC (CAT): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): 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 5.21%, implying that Deere has surpassed the Zacks Consensus Estimate by that measure over the last four quarters. Segment-wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full year 2012, benefiting from favorable global farm conditions. Deere & Company ( DE ) is scheduled to announce its second quarter fiscal 2012 results on May 16, 2012.
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Previous Quarter Recap Deere's first-quarter earnings per share (EPS) of $1.30 beat the Zacks Consensus Estimate of $1.23 and climbed 8% year over year, largely driven by strong demand for farm machinery as well as increased sales of construction equipment. Deere's worldwide total sales increased 11% year over year to $6.77 billion, beating the Zacks Consensus Estimate of $6.49 billion. CATERPILLAR INC (CAT): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here.
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Previous Quarter Recap Deere's first-quarter earnings per share (EPS) of $1.30 beat the Zacks Consensus Estimate of $1.23 and climbed 8% year over year, largely driven by strong demand for farm machinery as well as increased sales of construction equipment. Deere's worldwide total sales increased 11% year over year to $6.77 billion, beating the Zacks Consensus Estimate of $6.49 billion. Industry sales of turf and utility equipment in the U.S. and Canada are expected to increase slightly Estimate Revision Trend For the second quarter, only one of the 15 analysts covering Deere has reduced estimate over the past 30 days.
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Previous Quarter Recap Deere's first-quarter earnings per share (EPS) of $1.30 beat the Zacks Consensus Estimate of $1.23 and climbed 8% year over year, largely driven by strong demand for farm machinery as well as increased sales of construction equipment. Deere's worldwide total sales increased 11% year over year to $6.77 billion, beating the Zacks Consensus Estimate of $6.49 billion. Looking Forward Deere expects equipment sales to grow around 15% in fiscal 2012.
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7478acdd-69b5-487d-80ac-dd036c6741ff
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723140.0
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2012-05-14 00:00:00 UTC
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AGCO Corp. Retained at Outperform - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agco-corp.-retained-at-outperform-analyst-blog-2012-05-14
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We reiterate our Outperform recommendation on AGCO Corporation ( AGCO ), following its forecast-topping first-quarter 2012 results. The company's first quarter earnings of $1.21 per share surpassed the Zacks Consensus Estimate of 86 cents. Revenues increased 26.5% year over year to $2.27 billion, beating the Zacks Consensus Estimate of $2.08 billion.
The company now expects adjusted earnings of $5.50 per share for 2012, up from the prior guidance of $5.00 per share. AGCO Corp. has also raised its revenue estimates to the range of $10.2-$10.5 billion from the previous guidance of $10 billion. Moreover, the company expects its worldwide industry sales to grow reasonably in 2012 compared to the previous year.
AGCO Corp. is a leading manufacturer and distributor of agricultural equipment and related replacement parts. The company offers a full product line of farm equipment through a wide network of dealers and distributors in more than 140 countries across the world.It competes with companies like CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ).
The company completed the acquisition of GSI Holdings in the second half of 2011. GSI Holdings is a leading manufacturer of grain storage and protein production systems and serves its global customer base through more than 500 independent dealers. It produces grain storage and handling solutions for farmers as well as large-scale grain processors. Its protein production product line supports both swine and poultry growers.
Over the years, the diet preference of the emerging markets has shifted towards protein consumption and, therefore, the demand for grain storage as well as swine and poultry production has increased. Thus, there remains ample scope for GSI Holdings to obtain new orders for its products as the markets now prefer more sophisticated technology. Therefore, GSI Holdings has extended AGCO Corp.'s capabilities to the agricultural sector.
The U.S. Department of Agriculture has recently predicted that corn crop in U.S.will be nearly 48 million tons in 2012, up 4.5 million tons year over year, and projected to be the largest crop in the last 75 years. According to its report, worldwide corn production is expected to rise 10% to 946 million tons this year. So, the farmers are now on a buying spree of new tractors and other agriculture equipment. As a result, demand for AGCO Corp.'s agriculture equipment may increase in the coming days.
In addition, AGCO Corp. continues with the expansion of its products line, with particular focus on a high horsepower range of equipment. It has introduced more technologies and localized products like sprayers in Brazil for row crop customers. Besides, it has introduced high technology tractor products like Fendt 700 Vario and Challenger MT 600 which utilize the SCR engine technology. Improved technology guarantees that these new models can run efficiently with less fuel.
Our recommendation on AGCO Corp. is in line with a short-term Zacks #1 Rank (Strong Buy).
AGCO CORP (AGCO): Free Stock Analysis Report
CNH GLOBAL NV (CNH): Free Stock Analysis Report
DEERE & CO (DE): Free Stock Analysis Report
KUBOTA CORP ADR (KUB): 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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GSI Holdings is a leading manufacturer of grain storage and protein production systems and serves its global customer base through more than 500 independent dealers. Over the years, the diet preference of the emerging markets has shifted towards protein consumption and, therefore, the demand for grain storage as well as swine and poultry production has increased. Thus, there remains ample scope for GSI Holdings to obtain new orders for its products as the markets now prefer more sophisticated technology.
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The company offers a full product line of farm equipment through a wide network of dealers and distributors in more than 140 countries across the world.It competes with companies like CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ). AGCO CORP (AGCO): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company expects its worldwide industry sales to grow reasonably in 2012 compared to the previous year.
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The company offers a full product line of farm equipment through a wide network of dealers and distributors in more than 140 countries across the world.It competes with companies like CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ). The U.S. Department of Agriculture has recently predicted that corn crop in U.S.will be nearly 48 million tons in 2012, up 4.5 million tons year over year, and projected to be the largest crop in the last 75 years. AGCO CORP (AGCO): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock Analysis Report DEERE & CO (DE): Free Stock Analysis Report KUBOTA CORP ADR (KUB): Free Stock Analysis Report To read this article on Zacks.com click here.
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GSI Holdings is a leading manufacturer of grain storage and protein production systems and serves its global customer base through more than 500 independent dealers. Over the years, the diet preference of the emerging markets has shifted towards protein consumption and, therefore, the demand for grain storage as well as swine and poultry production has increased. Moreover, the company expects its worldwide industry sales to grow reasonably in 2012 compared to the previous year.
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723141.0
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2012-05-14 00:00:00 UTC
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Barclays Stays Bullish on Deere Ahead of Earnings; Expects Raised Guidance (DE)
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DE
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https://www.nasdaq.com/articles/barclays-stays-bullish-deere-ahead-earnings-expects-raised-guidance-de-2012-05-14
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Farming and construction equipment maker Deere & Company ( DE ) late Monday caught some further bullish commentary from analysts at Barclays Capital.
The firm maintained its "Overweight" rating on DE as well as its $101 price target, which suggests a nearly 31% upside to the stock's Monday closing price of $77.33.
A Barclays analyst commented, "Deere remains one of our preferred Machinery names ahead of its FY2Q earnings report this week, and while expectations seem relatively high into the quarter, we think the company is poised to report a generally solid result and outlook."
Deere shares closed down $1.74, or -2.2%, in Monday trading.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.38% dividend yield, based on today's closing stock price of $77.33. The stock has technical support in the $70-$73 price area. If the shares can firm up, we see overhead resistance around the $83-$85 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) late Monday caught some further bullish commentary from analysts at Barclays Capital. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.38% dividend yield, based on today's closing stock price of $77.33. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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The firm maintained its "Overweight" rating on DE as well as its $101 price target, which suggests a nearly 31% upside to the stock's Monday closing price of $77.33. 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. Farming and construction equipment maker Deere & Company ( DE ) late Monday caught some further bullish commentary from analysts at Barclays Capital.
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Farming and construction equipment maker Deere & Company ( DE ) late Monday caught some further bullish commentary from analysts at Barclays Capital. The firm maintained its "Overweight" rating on DE as well as its $101 price target, which suggests a nearly 31% upside to the stock's Monday closing price of $77.33. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.38% dividend yield, based on today's closing stock price of $77.33.
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The firm maintained its "Overweight" rating on DE as well as its $101 price target, which suggests a nearly 31% upside to the stock's Monday closing price of $77.33. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.38% dividend yield, based on today's closing stock price of $77.33. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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723142.0
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2012-05-14 00:00:00 UTC
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Market Wrap-Up for May 14 (JPM, AVP, MS, CAT, C, TIF, more)
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https://www.nasdaq.com/articles/market-wrap-may-14-jpm-avp-ms-cat-c-tif-more-2012-05-14
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Weakness in the European markets set the tone for the U.S. averages early on today, and the selling remained consistent throughout much of the session. The negative cloud overhanging the financial sector following JP Morgan's ( JPM ) late-week trading loss revelation is not something investors are likely to forget any time soon.
Speaking of the financials, we witnessed continued selling in stocks like Morgan Stanley ( MS ), Citigroup ( C ), Deutsche Bank ( DB ), and Wells Fargo ( WFC ). Commodity stocks continued to take on water as well, as investors watch oil, gold, and other commodity prices get hit. Commodity-related equipment plays had their fair share of selling today, with names like Caterpillar ( CAT ), Deere ( DE ), and Joy Global ( JOY ) all finishing in the red.
Wall Street analyst downgrades today also pushed down shares of Tiffany ( TIF ) and Republic Services Group ( RSG ). Avon Products ( AVP ) bucked the overall downtrend, moving higher as the company said it will consider a recent takeover bid from a competitor.
Changing the Subject
People tend to change the subject of conversation whenever a sore topic is brought up. Some folks hate their jobs and thus don't want to talk about the workplace. Others are bad with budgeting and like to avoid personal finance issues. Still others avoid talking about investing, either because they don't understand it or because they've been burned by the markets in the past.
I remember back in the late 90s, everyone and their cousin considered themselves stock traders. People with very little experience or understanding of the markets were making lots of money just buying all the latest tech IPOs. No one was shy to talk about their latest investments. When the tech bubble burst, however, people's portfolios turned south. Many were knocked out of the markets altogether. All of a sudden, the subject of trading stocks became taboo.
Thankfully, many folks have since embraced dividend investing as a much more reliable method of building long-term wealth. Our loyal readers here at Dividend.com aren't really interested in the next batch of "lottery ticket" stocks. These fine folks aren't shy about talking about investing with friends and family. The beauty of compound interest is something most people love to share.
You're Only as Good as Your Latest Referral
Up in Boston these days, baseball results aren't going the way the team had planned. With turmoil surrounding the team's new manager and several of the key veterans we highlighted a while back , the Red Sox have gotten off to an awful start. Well, a new controversy recently emerged from the struggling team.
Veteran pitcher Josh Beckett, who some point to as a catalyst for the continuing tension, has again landed himself in hot water. You see, Mr. Beckett was recently scratched from a scheduled start because of a minor injury. No big deal, right? He was sore and the team decided it was best for him to sit out. Beckett proceeded to play a round of golf on his day off, however, instead of just resting (which presumably is what he was supposed to be doing).
Beckett's response to criticism regarding his golf outing was pretty simple. He said he'll do whatever he wants to do on his day off. Obviously, some people (both in and outside the team) took offense to his commentary. Some media types are even calling Beckett a "cancer" in the Red Sox locker room.
Maybe the bridges between Josh Beckett and the organization are damaged beyond repair, but when you come out as defiant as he has, you are not exactly doing much to excite potential future employers. The rest of us who don't make millions of dollars a year can ill afford to pull the kind of move Beckett has.
Getting caught up in the moment of turmoil has potential lasting effects. You never know when you'll need to pick up a new job, and controversy can follow you around for years. Little good ever comes out of being defiant, unless of course you are prepared to walk the walk of becoming an entrepreneur (which most people aren't).
Mr. Beckett may be paving the road to a new team, but his attitude will certainly precede him. The only to erase that negativity is to work hard and begin pitching well again, which is easier said than done.
Our Beat The Markets with Dividend Stocks eBook Has Arrived!
We just debuted our brand new 275-page eBook, exclusively on Dividend.com! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Dividend.com Premium subscribers.
Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It's a great way to get prepared for your investing next year! So head over to the Dividend.com Premium homepage now to download your copy.
I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles , including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. These articles are a great way to catch up on the week that was in the markets. We also have a rundown of how various Dividend ETFs performed on the week.
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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Speaking of the financials, we witnessed continued selling in stocks like Morgan Stanley ( MS ), Citigroup ( C ), Deutsche Bank ( DB ), and Wells Fargo ( WFC ). I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles , including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. Commodity-related equipment plays had their fair share of selling today, with names like Caterpillar ( CAT ), Deere ( DE ), and Joy Global ( JOY ) all finishing in the red.
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Our Beat The Markets with Dividend Stocks eBook Has Arrived! 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. Speaking of the financials, we witnessed continued selling in stocks like Morgan Stanley ( MS ), Citigroup ( C ), Deutsche Bank ( DB ), and Wells Fargo ( WFC ).
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Still others avoid talking about investing, either because they don't understand it or because they've been burned by the markets in the past. Our Beat The Markets with Dividend Stocks eBook Has Arrived! Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there.
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Our Beat The Markets with Dividend Stocks eBook Has Arrived! Speaking of the financials, we witnessed continued selling in stocks like Morgan Stanley ( MS ), Citigroup ( C ), Deutsche Bank ( DB ), and Wells Fargo ( WFC ). Commodity-related equipment plays had their fair share of selling today, with names like Caterpillar ( CAT ), Deere ( DE ), and Joy Global ( JOY ) all finishing in the red.
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2012-05-03 00:00:00 UTC
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Rating Action on MetLife - Analyst Blog
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Standard & Poor's Ratings Services ("S&P") reiterated its long-term counterparty credit rating of 'A-' on MetLife Inc. ( MET ) and long-term counterparty credit at 'AA-' and financial strength ratings on its subsidiaries. The outlook was also revised to stable from negative.
These rating affirmations came on the back of solid performance exhibited by the company in managing its diversified investment portfolio and enterprise risk to generate high quality earnings, and simultaneously securing its competitive advantage in the market. The rating agency believes that MetLife is well positioned financially and its effort to sustain excess capital enables the company to attain more flexibility in the operational process.
Given the company's improving capital position as well as financial flexibility, the rating agency upgraded the outlook. The rating agency stated that prudent control of interest rate and equity market risks will act as a catalyst for future financial strength.
S&P expects MetLife's core businesses to report solid results, with international businesses performing exceptionally well.
The rating agency also raised the ratings to 'AA-' from 'A+' on American Life Insurance Co. (DE) ("Alico"), which became a part of MetLife 18 months back. The outlook is stable.
S&P also upgraded MetLife Alico Japan to 'AA-/A-1+', given its standing within the Alico and MetLife. The outlook is negative.
The rating agency also upgraded the long-term financial strength and counterparty credit ratings on MetLife Alico Life Insurance KK (MetLife Alico Japan) to 'AA-' from 'A+' and short-term counterparty credit rating on MetLife Alico Japan to 'A-1+' from 'A-1'. The outlook on the long-term rating is negative.
Nevertheless, the rating agency expects strong competition in a few segments coupled with the prevailing low interest rate environment to be headwinds for the company to improve its operating performances. It estimates EBITDA in the band of $9-10 billion with EBITDA fixed-charge coverage of 6.5x to 7x. The rating agency also expects debt leverage to be about 24% in 2012 and financial leverage to be approximately 35%. It estimates share buybacks of about $2 billion.
S&P stated that a rating upgrade is unlikely going forward given the uncertain macro environment. However, if MetLife maintains a sound capital position, it would advocate favorably for the company. On the flip side, S&P would be forced to downgrade the rating if MetLife fails to maintain its competitive advantage in the market and the adverse market condition wears down its operational efficiency, resulting in an erosion in retained earnings.
In a separate development, Fitch Ratings reiterated its ratings on MetLife and its subsidiaries. The affirmation included ratings assigned on the insurance subsidiaries covering life at 'AA-' Insurer Financial Strength ("IFS") along with Issuer Default Rating ("IDR") at 'A'. The outlook is stable.
The affirmation was based on the company's continued strong financial performances. The rating agency noted that prevailing low interest rates continues to be a hindrance for the company as well as for the industry at large.
Nevertheless, the interest rate hedging program will help in reducing the adverse effect on earnings in the medium term. The rating agency expects return on equity in 2012 to improve to the 11%-12% range on the heels of improved earnings from International segment and moderate growth in U.S.
Apart from this, Fitch also assigned 'AA-' rating to MetLife Global Funding I and MetLife Institutional Funding II. It also assigned 'F1+' rating on MetLife Short Term Funding LLC.
Fitch believes that these rating actions will ensure the credit worthiness of the notes program and along with that even the legal structure of these agreements will be brought under the purview of revision.
Fitch stated it could consider further rating upgrades provided MetLife maintains the NAIC RBC ratio above 450%, debt-equity ratio remains lower than 25%, interest coverage ratio is in the band of 8x-10x and successfully integrate Alico.
The rating would be subject to downgrade if NAIC RBC ratio falls below 350%, debt- equity ratio more than 30% and interest coverage ratio goes below 5x.
Last week, Fitch also affirmed IDR and IFS on Prudential Financial Inc. ( PRU ), a close competitor of MetLife. The rating agency affirmed an IDR of "A-"and an IFS rating of "A+".
We retain our long-term Neutral recommendation on MetLife. The quantitative Zacks #3 Rank (short-term Hold rating) for the company indicates no clear directional pressure on the stock over the near term.
METLIFE INC (MET): Free Stock Analysis Report
PRUDENTIAL FINL (PRU): 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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Fitch believes that these rating actions will ensure the credit worthiness of the notes program and along with that even the legal structure of these agreements will be brought under the purview of revision. Given the company's improving capital position as well as financial flexibility, the rating agency upgraded the outlook. The rating agency stated that prudent control of interest rate and equity market risks will act as a catalyst for future financial strength.
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The rating agency also upgraded the long-term financial strength and counterparty credit ratings on MetLife Alico Life Insurance KK (MetLife Alico Japan) to 'AA-' from 'A+' and short-term counterparty credit rating on MetLife Alico Japan to 'A-1+' from 'A-1'. METLIFE INC (MET): Free Stock Analysis Report PRUDENTIAL FINL (PRU): Free Stock Analysis Report To read this article on Zacks.com click here. Given the company's improving capital position as well as financial flexibility, the rating agency upgraded the outlook.
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The rating agency also upgraded the long-term financial strength and counterparty credit ratings on MetLife Alico Life Insurance KK (MetLife Alico Japan) to 'AA-' from 'A+' and short-term counterparty credit rating on MetLife Alico Japan to 'A-1+' from 'A-1'. The rating agency expects return on equity in 2012 to improve to the 11%-12% range on the heels of improved earnings from International segment and moderate growth in U.S. Apart from this, Fitch also assigned 'AA-' rating to MetLife Global Funding I and MetLife Institutional Funding II. Given the company's improving capital position as well as financial flexibility, the rating agency upgraded the outlook.
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Given the company's improving capital position as well as financial flexibility, the rating agency upgraded the outlook. Fitch stated it could consider further rating upgrades provided MetLife maintains the NAIC RBC ratio above 450%, debt-equity ratio remains lower than 25%, interest coverage ratio is in the band of 8x-10x and successfully integrate Alico. The rating agency stated that prudent control of interest rate and equity market risks will act as a catalyst for future financial strength.
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2012-05-02 00:00:00 UTC
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AGCO Corp. Beats, Ups Guidance - Analyst Blog
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https://www.nasdaq.com/articles/agco-corp.-beats-ups-guidance-analyst-blog-2012-05-02
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AGCO Corporation ( AGCO ) reported first quarter 2012 earnings of $1.21 per share, which exceeded the Zacks Consensus Estimate of 86 cents as well as the year-ago quarter's earnings of 81 cents.
Total revenue increased 26.5% year over year to $2.27 billion, beating the Zacks Consensus Estimate of $2.08 billion. Total revenue included an unfavorable currency translation impact of 4.3%, excluding which total revenue soared 30.8% in the quarter. The growth was mainly driven by an increase in sales across all the regions, particularly in Western and Eastern Europe and the acquisition of GSI.
The North American region reported a 57.6% improvement in sales to $566.5 million while in South America sales improved 1.2% to $415.4 million. In the EAME region sales improved 23.3% to $1,199.8 million, whereas Asia / Pacific region experienced a 67.9% improvement amounting to $92 million.
Cost and Margins
Cost of goods sold increased 23.5% to $1.78 billion in the quarter. Gross profit also rose 38.5% to $493 million. Consequently, gross margin jumped 190 basis-points (bps) to 21.7%.
Selling, general and administrative expenses increased 29.3% to $238.9 million in the quarter. Adjusted operating income increased 56.2% to $169.8 million. Operating margin soared 150 bps to 7.5%.
Financial Updates
Cash and cash equivalents were $426.7 million as of March 31, 2012, compared to $724.4 million as of December 31, 2011. Long-term debt excluding current portion amounted to $1,331.1 million as of March 31, 2012, compared to $1,409.7 million as of December 31, 2011. Debt-to-capitalization ratio improved to 30.5% as of March 31, 2012, compared to 32.9% as of December 31, 2011.
Outlook for 2012
The company expects adjusted earnings of $5.50 per share for the year, up from the prior guidance of $5.00 per share. It has also upgraded its revenue estimates in the range of $10.2-$10.5 billion from the previous guidance of $10.0 billion. AGCO expects its worldwide industry sales for 2012 to grow reasonably compared to the previous year. Further, it expects growth in Western and Eastern Europe. It looks forward to strong market conditions in North as well as South America.
Our Take
AGCO Corp. continues to invest in its full product line of farm equipment with a view to expanding its current product offering. It has introduced more technological and localized complimentary products like sprayers for row customers in Brazil, high technology tractors like Fendt 700 Vario equipped with Selective Catalytic Reduction (SCR) engine technology in Europe and North America.
Moreover, AGCO Corp. also continues with its strategy to expand in the emerging markets. The company wants to extend its businesses in the CIS region and establish local manufacturing abilities to take the advantage of growth opportunities in this region where immense tracts of farmland are being cultivated using inefficient machinery. In addition, it has plans to invest in production facilities in China over the next few years.
AGCO Corp. is a leading manufacturer and distributor of agricultural equipment and related replacement parts. It competes with companies like Deere & Company ( DE ) and CNH Global NV ( CNH ).
Currently, we have a long-term Outperform recommendation on AGCO Corp. The stock retains a short-term Zacks #1 Rank ("Strong Buy" rating).
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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AGCO expects its worldwide industry sales for 2012 to grow reasonably compared to the previous year. AGCO Corporation ( AGCO ) reported first quarter 2012 earnings of $1.21 per share, which exceeded the Zacks Consensus Estimate of 86 cents as well as the year-ago quarter's earnings of 81 cents. Total revenue included an unfavorable currency translation impact of 4.3%, excluding which total revenue soared 30.8% in the quarter.
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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. AGCO Corporation ( AGCO ) reported first quarter 2012 earnings of $1.21 per share, which exceeded the Zacks Consensus Estimate of 86 cents as well as the year-ago quarter's earnings of 81 cents. Total revenue included an unfavorable currency translation impact of 4.3%, excluding which total revenue soared 30.8% in the quarter.
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AGCO Corporation ( AGCO ) reported first quarter 2012 earnings of $1.21 per share, which exceeded the Zacks Consensus Estimate of 86 cents as well as the year-ago quarter's earnings of 81 cents. 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. Total revenue included an unfavorable currency translation impact of 4.3%, excluding which total revenue soared 30.8% in the quarter.
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Long-term debt excluding current portion amounted to $1,331.1 million as of March 31, 2012, compared to $1,409.7 million as of December 31, 2011. AGCO Corporation ( AGCO ) reported first quarter 2012 earnings of $1.21 per share, which exceeded the Zacks Consensus Estimate of 86 cents as well as the year-ago quarter's earnings of 81 cents. Total revenue included an unfavorable currency translation impact of 4.3%, excluding which total revenue soared 30.8% in the quarter.
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2012-04-27 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Caterpillar, Deere and Titan Machinery - Press Releases
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For Immediate Release
Chicago, IL - April 27, 2012 - Today, Zacks Investment Ideas feature highlights Features: Caterpillar Inc. ( CAT ). Deere ( DE ) and Titan Machinery ( TITN ).
3 Top Heavy Machinery Plays
Investors are looking for stocks that going to be among the first to participate in the recovery of the economy. Some of the early signs that the light at the end of the tunnel is getting brighter is when we see heavy machinery company's grow revenue and earnings.
Let's take a look at three of the top heavy machinery companies in the world. We will start with industrial machine and heavy vehicle company Caterpillar Inc. Then we will head to the farm and look at how Deere has done lately and we can wrap things up with Titan Machinery.
Caterpillar Inc.
Caterpillar Inc. ( CAT ) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. It big machinery for big business and it has the revenues to prove it.
Caterpillar Inc. had revenues of more than $60 billion in 2011, up 41% from the $42.5 billion in 2010. The 2010 revenue was also a healthy increase of 31% from the 2009 depressed revenue number of $32.4 billion which was 37% lower than the 2008 level due to the global recession.
Over the last several quarters, CAT has seen an excellent pattern of increasing earnings. Just as important as increasing estimates is the idea of not disappointing Wall Street. In six of the last seven quarter, CAT has topped the Zacks Consensus Estimate by an average of 18%. Those beats, however, did not translate into big moves for the stock, or at least on the day immediately following the report. The average move in the stock price was a loss of less than one quarter of one percent.
It should also be noted that CAT pays a $0.46 per share quarterly dividend. That works out to be about 1.75% yield on the stock. The company also has shown a pattern of increasing its dividend, with payment of $0.42 per quarter in 2009 increasing in July of 2010 to $0.44 per quarter and up to the current level in July of 2011. The increase in earnings, higher earnings estimates and consistent beats makes Caterpillar Inc. a Zacks #1 Rank (Strong Buy) .
Deere
Deere ( DE ) provides products and services primarily for agriculture and forestry worldwide. Its Agriculture and Turf segment manufactures and distributes a line of farm and turf equipment and related service parts, which include large, medium, and utility tractors, loaders, combines, corn pickers, cotton and sugarcane harvesters, and related equipment.
Deere is also one the bigger companies in the heavy machinery segment, and it's too has massive revenues. $32 billion in 2011 sales were 23% ahead of the $26 billion the company posted in 2010. The company also saw growth of 13% in 2010, due to the depressed revenues in the global recession of 2009.
Earnings growth is a different story for DE as opposed to CAT. The last three quarters have seen consecutive negative earnings growth, something investors usually don't want to see. The chart below really tells the story of why the stock is lower by more than 15% over the past year. Lower earnings almost always translates into lower stock prices.
Like CAT, DE pays a dividend of $0.46 per share, but because of the lower stock price, the yield is slightly higher at 2.25%. The company also has a history of increasing the dividend, but not with a discernible pattern. Deere paid quarterly dividends of $0.28 for eight quarters before bumping it up to $0.30 in 2010 for two quarters and then to $0.35 for two more quarters. The three previous quarters saw a dividend of $0.41 per share. While Deere has not reported below the Zacks Consensus Estimate, it has seen lower earnings and lower earnings estimates. This has contributed to the Zacks #3 Rank (Hold).
Titan Machinery
Titan Machinery ( TITN ) is the smallest company of this group, but sometime being nimble can be a big benefit. TITN was recently written up as a Value Rank Buy .
Unlike its much larger counterparts, TITN saw revenue growth despite the global recession in 2009. That should make some take notice, but the story keeps getting better as its growth rate has increased in each of the last three years. Revenues are still relatively low in comparison at $1.6 billion for 2011, but that was 52% ahead of the 2010 level of $1.1 billion.
The earnings picture for TITN is a little different than what we saw in CAT and in DE. With the last two quarters showing impressive growth, the consistency aspect that CAT has is not here. The growth however has translated into an impressive run for the stock price. Over the last six months the stock has moved higher by more than 50%, easily making it the best performer of the group.
Due to the higher earnings and the pattern of strong earnings surprises, Titan Machinery is a Zacks #1 Rank (Strong Buy).
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.
Then when changes are discovered, they're applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock picking system; the Zacks Rank, continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter Profit from the Pros. In short, it's your steady flow of profitable ideas GUARANTEED to be worth your time. Get your free subscription to Profit from the Pros at: http://at.zacks.com/?id=7298
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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CATERPILLAR INC ( CAT ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): 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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We will start with industrial machine and heavy vehicle company Caterpillar Inc. Then we will head to the farm and look at how Deere has done lately and we can wrap things up with Titan Machinery. Like CAT, DE pays a dividend of $0.46 per share, but because of the lower stock price, the yield is slightly higher at 2.25%. For Immediate Release Chicago, IL - April 27, 2012 - Today, Zacks Investment Ideas feature highlights Features: Caterpillar Inc. ( CAT ).
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9339 support@zacks.com http://www.zacks.com CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - April 27, 2012 - Today, Zacks Investment Ideas feature highlights Features: Caterpillar Inc. ( CAT ). Deere ( DE ) and Titan Machinery ( TITN ).
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9339 support@zacks.com http://www.zacks.com CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - April 27, 2012 - Today, Zacks Investment Ideas feature highlights Features: Caterpillar Inc. ( CAT ). Deere ( DE ) and Titan Machinery ( TITN ).
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Deere is also one the bigger companies in the heavy machinery segment, and it's too has massive revenues. Like CAT, DE pays a dividend of $0.46 per share, but because of the lower stock price, the yield is slightly higher at 2.25%. For Immediate Release Chicago, IL - April 27, 2012 - Today, Zacks Investment Ideas feature highlights Features: Caterpillar Inc. ( CAT ).
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2012-04-26 00:00:00 UTC
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3 Top Heavy Machinery Plays - Investment Ideas
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https://www.nasdaq.com/articles/3-top-heavy-machinery-plays-investment-ideas-2012-04-26
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Investors are looking for stocks that going to be among the first to participate in the recovery of the economy. Some of the early signs that the light at the end of the tunnel is getting brighter is when we see heavy machinery company's grow revenue and earnings.
Let's take a look at three of the top heavy machinery companies in the world. We will start with industrial machine and heavy vehicle company Caterpillar Inc. Then we will head to the farm and look at how Deere has done lately and we can wrap things up with Titan Machinery.
Caterpillar Inc.
Caterpillar Inc. ( CAT ) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. It big machinery for big business and it has the revenues to prove it.
Caterpillar Inc. had revenues of more than $60 billion in 2011, up 41% from the $42.5 billion in 2010. The 2010 revenue was also a healthy increase of 31% from the 2009 depressed revenue number of $32.4 billion which was 37% lower than the 2008 level due to the global recession.
Over the last several quarters, CAT has seen an excellent pattern of increasing earnings. Just as important as increasing estimates is the idea of not disappointing Wall Street. In six of the last seven quarter, CAT has topped the Zacks Consensus Estimate by an average of 18%. Those beats, however, did not translate into big moves for the stock, or at least on the day immediately following the report. The average move in the stock price was a loss of less than one quarter of one percent.
It should also be noted that CAT pays a $0.46 per share quarterly dividend. That works out to be about 1.75% yield on the stock. The company also has shown a pattern of increasing its dividend, with payment of $0.42 per quarter in 2009 increasing in July of 2010 to $0.44 per quarter and up to the current level in July of 2011. The increase in earnings, higher earnings estimates and consistent beats makes Caterpillar Inc. a Zacks #1 Rank (Strong Buy) .
Deere
Deere ( DE ) provides products and services primarily for agriculture and forestry worldwide. Its Agriculture and Turf segment manufactures and distributes a line of farm and turf equipment and related service parts, which include large, medium, and utility tractors, loaders, combines, corn pickers, cotton and sugarcane harvesters, and related equipment.
Deere is also one the bigger companies in the heavy machinery segment, and it's too has massive revenues. $32 billion in 2011 sales were 23% ahead of the $26 billion the company posted in 2010. The company also saw growth of 13% in 2010, due to the depressed revenues in the global recession of 2009.
Earnings growth is a different story for DE as opposed to CAT. The last three quarters have seen consecutive negative earnings growth, something investors usually don't want to see. The chart below really tells the story of why the stock is lower by more than 15% over the past year. Lower earnings almost always translates into lower stock prices.
Like CAT, DE pays a dividend of $0.46 per share, but because of the lower stock price, the yield is slightly higher at 2.25%. The company also has a history of increasing the dividend, but not with a discernible pattern. Deere paid quarterly dividends of $0.28 for eight quarters before bumping it up to $0.30 in 2010 for two quarters and then to $0.35 for two more quarters. The three previous quarters saw a dividend of $0.41 per share. While Deere has not reported below the Zacks Consensus Estimate, it has seen lower earnings and lower earnings estimates. This has contributed to the Zacks #3 Rank (Hold).
Titan Machinery
Titan Machinery ( TITN ) is the smallest company of this group, but sometime being nimble can be a big benefit. TITN was recently written up as a Value Rank Buy .
Unlike its much larger counterparts, TITN saw revenue growth despite the global recession in 2009. That should make some take notice, but the story keeps getting better as its growth rate has increased in each of the last three years. Revenues are still relatively low in comparison at $1.6 billion for 2011, but that was 52% ahead of the 2010 level of $1.1 billion.
The earnings picture for TITN is a little different than what we saw in CAT and in DE. With the last two quarters showing impressive growth, the consistency aspect that CAT has is not here. The growth however has translated into an impressive run for the stock price. Over the last six months the stock has moved higher by more than 50% easily making it the best performer of the group.
Due to the higher earnings and the pattern of strong earnings surprises, Titan Machinery is a Zacks #1 Rank (Strong Buy).
Brian Bolan is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Home Run Investor service You can follow him at twitter.com/bbolan1
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): Free Stock Analysis Report
TITAN MACHINERY ( TITN ): 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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We will start with industrial machine and heavy vehicle company Caterpillar Inc. Then we will head to the farm and look at how Deere has done lately and we can wrap things up with Titan Machinery. Like CAT, DE pays a dividend of $0.46 per share, but because of the lower stock price, the yield is slightly higher at 2.25%. Caterpillar Inc. Caterpillar Inc. ( CAT ) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide.
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He is also the Editor in charge of the Zacks Home Run Investor service You can follow him at twitter.com/bbolan1 CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report To read this article on Zacks.com click here. We will start with industrial machine and heavy vehicle company Caterpillar Inc. Then we will head to the farm and look at how Deere has done lately and we can wrap things up with Titan Machinery. Caterpillar Inc. Caterpillar Inc. ( CAT ) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide.
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The company also has shown a pattern of increasing its dividend, with payment of $0.42 per quarter in 2009 increasing in July of 2010 to $0.44 per quarter and up to the current level in July of 2011. Deere paid quarterly dividends of $0.28 for eight quarters before bumping it up to $0.30 in 2010 for two quarters and then to $0.35 for two more quarters. He is also the Editor in charge of the Zacks Home Run Investor service You can follow him at twitter.com/bbolan1 CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report TITAN MACHINERY ( TITN ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Like CAT, DE pays a dividend of $0.46 per share, but because of the lower stock price, the yield is slightly higher at 2.25%. While Deere has not reported below the Zacks Consensus Estimate, it has seen lower earnings and lower earnings estimates. We will start with industrial machine and heavy vehicle company Caterpillar Inc. Then we will head to the farm and look at how Deere has done lately and we can wrap things up with Titan Machinery.
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7595bd63-2f59-436c-a460-186ca46a40c7
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723147.0
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2012-04-17 00:00:00 UTC
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AGCO - Value
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DE
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https://www.nasdaq.com/articles/agco-value-2012-04-17
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nan
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nan
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The agriculture equipment makers were on a roll in 2011 as farming income hit a record high. AGCO ( AGCO ) posted both record sales and earnings in 2011. This Zacks #1 Rank (Strong Buy) is still expected to see double digit earnings growth again in 2012. Yet it's also a value stock with a forward P/E of just 8.8.
AGCO is a Duluth, GA based maker of agriculture equipment. The company sells in more than 140 countries through a team of independent dealers and distributors.
The company has 4 core brands: Challenger, Fendt, Massey Ferguson and Valtra.
2012 Zacks Consensus Estimate Moves Higher
In the last 30 days, 1 estimate has been revised higher for 2012. That has pushed the 2012 Zacks Consensus Estimate up to $5.08 from $5.07 in that time.
That's earnings growth of 13.5% compared to 2011.
In February, AGCO provided 2012 guidance of about $5.00 per share. Therefore, the analysts are a little hotter than the company's earlier guidance.
In the fourth quarter report, the company was also bullish on 2012 citing favorable long term trends in farming, including growing demand for protein and grain consumption, and farmers' income.
AGCO Beat Again in the Fourth Quarter
On Feb 7, AGCO reported its fourth quarter results and surprised on the Zacks Consensus Estimate by 8.3%.
AGCO has a tremendous earnings surprise track record. It is one of just a few companies that has surprised on the estimate every quarter over the last 5 years.
This is even more impressive given that the Great Recession occurred during that time and it was difficult for most companies to manage earnings expectations.
Sales rose 16.1% in the fourth quarter to $2.5 billion from $2.2 billion a year ago. Sales for the full year, excluding favorable currency translation of 5%, rose 22.2%, a new record.
Lots of Value
The agriculture stocks have been out of favor, even though they've rebounded from 2011 lows.
There's still a lot of value in AGCO.
In addition to a low P/E which is under 10, the company also has a price-to-book ratio of just 1.4. A P/B ratio under 3.0 usually designates value.
This is also much lower than that of the well known name in its industry Deere ( DE ). Deere has a P/B ratio of 4.7, well above that of a value stock.
Value investors also look at price-to-sales ratios to determine value. AGCO's P/S ratio is just 0.5. A P/S ratio under 1.0 can mean a company is undervalued.
AGCO is scheduled to report first quarter results on May 1. Investors will get a much clearer picture how 2012 is stacking up after the first quarter results.
But for now, 2012 estimates are up and the company still has solid value fundamentals.
Tracey Ryniec is the Value Stock Strategist for Zacks.com . She is also the Editor of the Turnaround Trader and Insider Trader services. You can follow her on twitter at @TraceyRyniec .
AGCO CORP ( AGCO ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the fourth quarter report, the company was also bullish on 2012 citing favorable long term trends in farming, including growing demand for protein and grain consumption, and farmers' income. The company sells in more than 140 countries through a team of independent dealers and distributors. In February, AGCO provided 2012 guidance of about $5.00 per share.
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The company sells in more than 140 countries through a team of independent dealers and distributors. In February, AGCO provided 2012 guidance of about $5.00 per share. In the fourth quarter report, the company was also bullish on 2012 citing favorable long term trends in farming, including growing demand for protein and grain consumption, and farmers' income.
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The company sells in more than 140 countries through a team of independent dealers and distributors. In February, AGCO provided 2012 guidance of about $5.00 per share. In the fourth quarter report, the company was also bullish on 2012 citing favorable long term trends in farming, including growing demand for protein and grain consumption, and farmers' income.
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Deere has a P/B ratio of 4.7, well above that of a value stock. The company sells in more than 140 countries through a team of independent dealers and distributors. In February, AGCO provided 2012 guidance of about $5.00 per share.
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2090e2d3-7e84-4866-a996-8235ca7fff3c
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723148.0
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2012-04-04 00:00:00 UTC
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Money-Making Machines - Zacks Industry Rank Analysis
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DE
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https://www.nasdaq.com/articles/money-making-machines-zacks-industry-rank-analysis-2012-04-04
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nan
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nan
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Industry Rank Analysis 4-4-12
The U.S. economy is continuing to recover, and one of the sectors which has been the real engine of that growth is business investment in equipment and software. While such investment in the fourth quarter accounted for less than 7.6% of the overall economy, it accounted for 18.3% of the overall growth in the fourth quarter, and that was down from an astounding 62.2% in the third quarter and 33.8% of the growth in the second quarter.
Today I am focusing on the equipment side of that, and more specifically investments in machinery. The strong macro performance of the sector is showing in upward estimate revisions and positive earnings surprises, and those in turn at reflected in the Zacks Rank.
Zacks Industry Classifications
The Zacks industry classifications are very fine, with 258 different industries tracked. It is not particularly noteworthy if a single small industry shows up doing well; a single firm with good news can propel a one or two firm industry to the top (or bottom) of the charts.
It is interesting when you see a cluster of similar industries at the top of the list. The same holds true for the bottom of the list. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry."
4 Machinery Groups Working Well
There are four Machinery "industries" that are showing up very well on the Zacks Rank. The strongest three of which are about median sized "industries," with seven or eight firms in them. The "weakest" of the four is by far the largest, General Industrial Machinery, with 37 firms in it. It still shows up pretty well, coming in 44th place, a drop of five slots from last week. Its average Zacks Rank is 2.57, up slightly from 2.54 last week.
The strongest of the Groups is Machine Tools, with eight firms in it. It is currently the fifth strongest "industry" with an average Zacks Rank of 1.88, down from 2.00 last week. In Between we have the Construction and Mining Machinery "industry" in 19th place (up one from last week, and an average Zacks Rank of 2.38, unchanged from last week), and The Farm Machinery "industry," a seven member group in 23rd place, slipping one spot from last week on an unchanged average of 2.43.
If the Zacks Ranks were distributed randomly, one would expect that only 5% of the members of the firms would earn the coveted Zacks #1 Rank (Strong Buy). Instead, of the total of 13 firms in these four groups, 21.7%, have earned that distinction. If it were random, only 15% would hold Zacks #2 Ranks (Buy) but actually 10 (16.7%) hold it.
Go Big or Go Small
There is a huge range of market capitalizations from which to choose from on these lists, from very large down to micro cap. While the growth rate from this year to next is not shown directly, you can get a sense of it from looking at the change in the P/E ratio from this year to next. Most of these firms are looking at very respectable growth rates, at least in the short term.
Of course, Machinery is a quintessentially cyclical part of the market, so it is NOT a good idea to extrapolate those growth rates too far into the future. It does, however, indicate that we are in the middle of a cyclical upswing. Valuations on these stocks -- particularly if you are willing to look out to FY2 (mostly 2013) earnings -- are quite reasonable. While most of the smaller cap names do not pay dividends, some of the large and mid-cap cap names do provide a nice payout.
Number 1 Ranked Firms
Number 2 Ranked Firms
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
EATON CORP ( ETN ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): 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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Of course, Machinery is a quintessentially cyclical part of the market, so it is NOT a good idea to extrapolate those growth rates too far into the future. Today I am focusing on the equipment side of that, and more specifically investments in machinery. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry."
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Number 1 Ranked Firms Number 2 Ranked Firms CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EATON CORP ( ETN ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here. Today I am focusing on the equipment side of that, and more specifically investments in machinery. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry."
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Number 1 Ranked Firms Number 2 Ranked Firms CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EATON CORP ( ETN ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here. Today I am focusing on the equipment side of that, and more specifically investments in machinery. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry."
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Of course, Machinery is a quintessentially cyclical part of the market, so it is NOT a good idea to extrapolate those growth rates too far into the future. Today I am focusing on the equipment side of that, and more specifically investments in machinery. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry."
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6993948d-8748-4740-a5e9-fc266bf933c6
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723149.0
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2012-03-22 00:00:00 UTC
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Terex Partners with Sinomach - Analyst Blog
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DE
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https://www.nasdaq.com/articles/terex-partners-with-sinomach-analyst-blog-2012-03-22-0
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nan
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Terex Corporation ( TEX ) has inked an agreement with China-based Sinomach Heavy Industry Corporation to make the latter a strategic partner for its troubled crane business, Sichuan Changjiang Engineering Crane Co. (SCE Crane). Under the deal, Sinomach will own more than 50% of SCE Crane and Terex will offer its overseas distribution and support channels as well as engineering capabilities for the business.
Sinomach is a wholly-owned subsidiary of China Machinery Industry Corporation. The company specializes in restructuring and integrating engineering machinery business resources. It has joint ventures with companies including Hyundai Corporation, KomatsuLtd. ( KMTUY ) and Martec.
Earlier in 2006, Terex had acquired about 50% interest of Sichuan Changjiang Engineering Crane Co., Ltd. Terex was the first foreign company to acquire a Chinese crane company at that time. The company intended to capture the wide customer base in the emerging market of China. The senior management of SCE Crane owns the remaining 50% interest in the company.
However, in July 2011, Terex had announced to undergo restructuring activities in the Cranes segment in 2012 when the company saw operating losses of $56.5 million during the second quarter of fiscal 2011. Terex had revealed that it expects the restructuring activities to generate annual benefits of nearly $70 million in 2012, which will improve the segment's profitability.
In 2010, Terex made two strategic acquisitions in China. The company got hold of around 65% ownership of Shandong Topower Heavy Machinery Company located in Jinan, China.
In addition, the company has formed a mobile materials processing and equipment manufacturing joint venture with Quanzhou, China-basedFujian South Highway Machinery Companyby acquiring a 60% ownership in the latter. These acquisitions were made to complement Terex's long-term strategy of expanding its footprint in the country.
In August 2011, Terex acquired Demag Cranes, which helped the company add industrial cranes and hoists of Demag to its product portfolio. The combined manufacturing entity will help Terex capturing the growing demand for cranes in China. Furthermore, a substantial improvement in demand in the emerging markets could offset the weaknesses faced by the company in the European markets.
Terex reported fourth 2011 quarter adjusted earnings of 26 cents per share, up 30% from the prior-year quarter and ahead of the Zacks Consensus Estimate by a penny. Net sales increased 47% to $1.96 billion surpassing the Zacks Consensus Estimate of $1.90 billion.
Terex expects operating margin to be in the range of 5%-6% for fiscal 2012 in the Crane's segment, which generated nearly 31% of total revenue in fiscal 2011. Price increases and restructuring activities in this segment are expected to aid margins.
Terex Corporation 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. The company sells its products through a worldwide distribution network. It competes with the likes of Caterpillar Inc. ( CAT ), Deere & Company ( DE ) and Komatsu Ltd.
Currently, the shares of Terex retain a Zacks #2 Rank, which translates to a short-term rating of Buy. However, we have a Neutral recommendation on the shares of the company for the long-term.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Under the deal, Sinomach will own more than 50% of SCE Crane and Terex will offer its overseas distribution and support channels as well as engineering capabilities for the business. However, in July 2011, Terex had announced to undergo restructuring activities in the Cranes segment in 2012 when the company saw operating losses of $56.5 million during the second quarter of fiscal 2011. The company intended to capture the wide customer base in the emerging market of China.
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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. Under the deal, Sinomach will own more than 50% of SCE Crane and Terex will offer its overseas distribution and support channels as well as engineering capabilities for the business. The company intended to capture the wide customer base in the emerging market of China.
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In August 2011, Terex acquired Demag Cranes, which helped the company add industrial cranes and hoists of Demag to its product portfolio. Under the deal, Sinomach will own more than 50% of SCE Crane and Terex will offer its overseas distribution and support channels as well as engineering capabilities for the business. The company intended to capture the wide customer base in the emerging market of China.
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Under the deal, Sinomach will own more than 50% of SCE Crane and Terex will offer its overseas distribution and support channels as well as engineering capabilities for the business. The company intended to capture the wide customer base in the emerging market of China. However, in July 2011, Terex had announced to undergo restructuring activities in the Cranes segment in 2012 when the company saw operating losses of $56.5 million during the second quarter of fiscal 2011.
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25f64827-389a-4950-9c1d-0dce334173fe
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723150.0
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2012-03-02 00:00:00 UTC
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Deere & Company - Growth & Income
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DE
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https://www.nasdaq.com/articles/deere-company-growth-income-2012-03-02
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nan
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nan
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Deere & Company ( DE ) recently delivered record results for the first quarter of its fiscal 2012. This prompted analysts to revise their estimates significantly higher for both 2012 and 2013, sending the stock to a Zacks #2 Rank (Buy).
The company also recently announced a 12% increase in its quarterly dividend. It yields a solid 2.2%. Valuation is attractive too with shares sporting a PEG ratio of just 0.7.
Company Description
Deere & Company is one of the foremost agricultural equipment producers in the world. It is also a leading manufacturer of construction and forestry equipment.
The company is headquartered in Moline, Illinois and has a market cap of $33.5 billion.
First Quarter Results
Deere delivered record results for the first quarter of its fiscal 2012 on February 15. Earnings per share came in at $1.30, beating the Zacks Consensus Estimate of $1.24. It was an 8% increase over the same quarter in 2011.
Net sales rose 11% year-over-year to $6.767 billion, well ahead of the Zacks Consensus Estimate of $6.492 billion. This was driven in part by a 4% increase in prices as demand remained strong. Equipment sales were up 5% in the U.S. and Canada, and a whopping 21% overseas.
Sales in the Agriculture & Turf division climbed 8% year-over-year, while Construction & Forestry soared 22%.
Meanwhile, total operating profit rose 8%, driven by big gains in the Construction & Forestry segment.
Estimates Rising
Consensus estimates have moved significantly higher for both 2012 and 2013 following the strong first quarter:
This has sent the stock to a Zacks #2 Rank (Buy).
The Zacks Consensus Estimate for 2012 is now $7.99, representing 20% growth over 2011 EPS. The 2013 consensus estimate is currently $8.52, corresponding with 7% growth.
Dividend Rising Too
In addition to rising earnings estimates, the company's dividend has been moving higher too. It announced a 12% hike on February 29 - its 10th increase since 2004.
It yields a solid 2.2%.
Attractive Valuation
Valuation still looks attractive for DE with shares trading at just 10.2x 12-month forward earnings, well below its 10-year median of 14.4x.
And its PEG ratio is just 0.7 based on a consensus long-term EPS growth rate of 14%.
The Bottom Line
With rising estimates, solid growth projections, a 2.2% dividend yield and attractive valuation, Deere offers investors attractive upside potential.
Read the July 19 article here.
This Week's Growth & Income Zacks Rank Buy Stocks:
Cooper Tire & Rubber Company ( CTB ) has seen a nice rise in estimates after it delivered better than expected fourth quarter results. It is a Zacks #2 Rank (Buy). On top of strong earnings growth, the company pays a dividend that yields a solid 2.5%. Valuation is attractive too, with shares trading at less than 9x forward earnings. Read the full article.
Brookfield Infrastructure Partners L.P. ( BIP ) offers investors solid, stable growth and a juicy 5% dividend yield at a reasonable price. And earnings estimates have been rising after the company delivered better than expected results for the fourth quarter. It is a Zacks #2 Rank (Buy) stock. Read the full article.
Snap-on Incorporated ( SNA ) recently delivered solid fourth quarter results, prompting analysts to revise their estimates higher for both 2012 and 2013. This sent the stock to a Zacks #2 Rank (Buy). Analysts project solid double-digit earnings growth over the next few years, which, along with a 2.2% dividend yield and reasonable valuation, offer attractive upside potential. Read the full article.
Enbridge Inc. ( ENB ) has seen a nice increase in earnings estimates following its solid fourth quarter results. It is a Zacks #2 Rank (Buy). Management believes that the company can achieve average annual EPS growth of 10% through 2015. On top of this, the company pays a dividend that yields a solid 2.9%. Read the full article.
Todd Bunton is the Growth & Income Stock Strategist for Zacks Investment Research and Co-Editor of the Reitmeister Value Investor .
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 Week's Growth & Income Zacks Rank Buy Stocks: Cooper Tire & Rubber Company ( CTB ) has seen a nice rise in estimates after it delivered better than expected fourth quarter results. Snap-on Incorporated ( SNA ) recently delivered solid fourth quarter results, prompting analysts to revise their estimates higher for both 2012 and 2013. Analysts project solid double-digit earnings growth over the next few years, which, along with a 2.2% dividend yield and reasonable valuation, offer attractive upside potential.
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The Bottom Line With rising estimates, solid growth projections, a 2.2% dividend yield and attractive valuation, Deere offers investors attractive upside potential. Snap-on Incorporated ( SNA ) recently delivered solid fourth quarter results, prompting analysts to revise their estimates higher for both 2012 and 2013. Analysts project solid double-digit earnings growth over the next few years, which, along with a 2.2% dividend yield and reasonable valuation, offer attractive upside potential.
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The Bottom Line With rising estimates, solid growth projections, a 2.2% dividend yield and attractive valuation, Deere offers investors attractive upside potential. This Week's Growth & Income Zacks Rank Buy Stocks: Cooper Tire & Rubber Company ( CTB ) has seen a nice rise in estimates after it delivered better than expected fourth quarter results. Deere & Company ( DE ) recently delivered record results for the first quarter of its fiscal 2012.
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This Week's Growth & Income Zacks Rank Buy Stocks: Cooper Tire & Rubber Company ( CTB ) has seen a nice rise in estimates after it delivered better than expected fourth quarter results. Deere & Company ( DE ) recently delivered record results for the first quarter of its fiscal 2012. The company also recently announced a 12% increase in its quarterly dividend.
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d46ecccd-f7e2-452b-bc82-f32128f7b814
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723151.0
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2012-03-02 00:00:00 UTC
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Deere Invests More on Tractors - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-invests-more-on-tractors-analyst-blog-2012-03-02
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nan
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In response to the soaring demand for large farm tractors, Deere & Company ( DE ) has decided to expend $70 million for increasing the manufacturing capacity of the same at its Waterloo, Iowa facility.
The expansion is aimed at increasing the facility's production capacity by 10%. Deere's expansion efforts, at this facility, including the current one, will enhance capacity by more than 50% from 2002 levels.
The company expects to multiply the number of tractors to be built by the middle of 2013. The large farm tractors already have a broad demand base across the world encompassing 130 countries.
Deere experienced a strong market demand for large agricultural equipment globally over the years. It is expected that the investment decision on the part of the company will further boost performance of the Agricultural and Turf segment.
In the recently reported quarter, the company's Agricultural and Turf segment contributed 69.8% of the total revenue. Deere generates the majority of its revenue from this segment.
For the full year 2012, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15%. According to the company, the favorable global farm conditions, introduction of advanced products and expansion projects in the end markets would benefit the segment.
According to the report of Agricultural Outlook Forum 2012 by the US Department of Agriculture, the agricultural production in U.S. is expected to be favorable for 2012. It predicts corn, soybean and wheat production to increase. This may further escalate the demand for agricultural equipment including large tractors.
Currently, the shares of Deere retain a Zacks #2 Rank (short-term "Buy" recommendation). It competes with companies like Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
Based in Illinois Deere & Co., is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere & Co.'s credit subsidiary, John Deere Capital Corporation (JDCC) is one of the largest equipment finance companies in the U.S. with more than 2.4 million accounts.
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): 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 response to the soaring demand for large farm tractors, Deere & Company ( DE ) has decided to expend $70 million for increasing the manufacturing capacity of the same at its Waterloo, Iowa facility. Deere experienced a strong market demand for large agricultural equipment globally over the years. Deere's expansion efforts, at this facility, including the current one, will enhance capacity by more than 50% from 2002 levels.
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In response to the soaring demand for large farm tractors, Deere & Company ( DE ) has decided to expend $70 million for increasing the manufacturing capacity of the same at its Waterloo, Iowa facility. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here. Deere's expansion efforts, at this facility, including the current one, will enhance capacity by more than 50% from 2002 levels.
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In response to the soaring demand for large farm tractors, Deere & Company ( DE ) has decided to expend $70 million for increasing the manufacturing capacity of the same at its Waterloo, Iowa facility. According to the report of Agricultural Outlook Forum 2012 by the US Department of Agriculture, the agricultural production in U.S. is expected to be favorable for 2012. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Deere experienced a strong market demand for large agricultural equipment globally over the years. This may further escalate the demand for agricultural equipment including large tractors. In response to the soaring demand for large farm tractors, Deere & Company ( DE ) has decided to expend $70 million for increasing the manufacturing capacity of the same at its Waterloo, Iowa facility.
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723152.0
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2012-03-02 00:00:00 UTC
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The Zacks Analyst Blog Highlights: United Continental Holdings, Deere, Caterpillar, CNH Global NV and Kubota - Press Releases
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-united-continental-holdings-deere-caterpillar-cnh
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nan
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For Immediate Release
Chicago, IL - March 2, 2012 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include United Continental Holdings ( UAL ), Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday's Analyst Blog:
United Continental's New Labor Deal
Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings ( UAL ) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA-CWA).
According to the deal, United's employees will receive a 10% compensation hike and a signing bonus of $5,000. Additionally, this new contract will expedite the process of negotiating a single contract covering flight attendants of both the airlines, United and Continental.
United and Continental merged in 2010 to form United Continental Holdings. Currently, AFA-CWA represents both groups of flight attendants, though AFA-CWA administers the contract negotiated and ratified by the Continental Flight Attendants and the International Association of Machinists and Aerospace Workers (IAMAW) previously.
In February last year, the company signed a contract with the flight attendants of Continental Airlines. IAMAW, however, still represent Continental's flight attendants and will continue to do so until a single contract is approved. We believe that the company's effort to integrate its workforce will have positive implications for its operational efficiency and also save costs for the combined entity.
Apart from integrating employee groups, the carrier is also contemplating combining passenger services of both the airlines. The integration process remains on track with United Continental Holdings receiving a single operating certificate from the Federal Aviation Administration ( FAA ) on November 30, 2011.The company expects to operate a single passenger service system by March this year through the consolidation of its information systems, fleet reallocations, carrier codes, flight schedules, inventory and departure control systems.
The merger is expected to generate net annual synergies of $1 billion to $1.2 billion by 2013, with $800 million to $900 million in additional revenue and $200 million to $300 million in cost savings. Approximately 25% of total synergies were realized last year. With the company's sound cash position, industry-leading revenues and competitive cost structure, the merger provides improved access from Continental hubs to United's strong Asia network and from United's hubs to Continental's international network in Latin America and Europe.
Deere Hikes Dividend
Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents. This marks the tenth consecutive year of the company's dividend hike. The increased dividend will be payable on May 1, 2012 to shareholders of record as on March 30, 2012.
The dividend increase, which translates into a 12% raise from the prior dividend of 41 cents, came after nearly nine months. On May 24, 2011, Deere increased its dividend by 6 cents to 41 cents.
Deere reported earnings of $1.30 per share; an improvement of 8% from the prior year quarter of $1.20. Results exceeded the Zacks Consensus Estimate of $1.23.
The company's worldwide total sales were recorded at $6.8 billion, which increased 11% year over year. Total revenue outperformed the Zacks Consensus Estimate of $6.49 billion.
The improvement in the first quarter results of fiscal 2012 was attributable to several factors. The company performed well across all its segments. In addition, healthy demand for farm machinery also contributed to the performance.
Deere started 2012 on a good note with a strong performance in the first quarter. It sets a net income target of $3.275 billion for 2012. The Zacks Consensus Estimate for second quarter 2012 earnings per share is $1.01.
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%. Deere expects nearly $3.5 billion cash flow from Equipment Operations in 2012.
Current annualized dividend yield of Deere is 1.97%. Caterpillar, the nearest peer of Deere, lags behind it with an annualized dividend yield of 1.59%. Deere's dividend payout ratio of 22.63% is less than Caterpillar's 23.86%. Caterpillar had increased its dividend by 12% in June 2011 to 46 cents per share.
Deere has a better cash and cash equivalents of $3.4 billion compared to $3.1 billion of Caterpillar. Deere commands industry leading net margins, its trailing twelve months' net margin of 8.74%, surpassing Caterpillar's 8.32% and the industry margin of 7.24%. We thus believe Deere has ample scope to increase its dividend yield and payout ratio.
R&D expenses increased 16% year over year in the first quarter of 2012. R&D spending is expected to be up by 12% for the year. The expenses are expected to remain high for the next few years also as Deere approaches significant product launches with Interim 4 engines and meets final Tier-4 emission standards.
The shares of the company currently retain Zacks #2 Rank (short-term "Buy" recommendation). It competes with the likes of Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
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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
KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report
UNITED CONT HLD (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The expenses are expected to remain high for the next few years also as Deere approaches significant product launches with Interim 4 engines and meets final Tier-4 emission standards. Stocks recently featured in the blog include United Continental Holdings ( UAL ), Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Thursday's Analyst Blog: United Continental's New Labor Deal Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings ( UAL ) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA-CWA).
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Stocks recently featured in the blog include United Continental Holdings ( UAL ), Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Thursday's Analyst Blog: United Continental's New Labor Deal Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings ( UAL ) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA-CWA). 9339 support@zacks.com http://www.zacks.com CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Thursday's Analyst Blog: United Continental's New Labor Deal Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings ( UAL ) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA-CWA). Deere Hikes Dividend Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents. 9339 support@zacks.com http://www.zacks.com CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report UNITED CONT HLD (UAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Thursday's Analyst Blog: United Continental's New Labor Deal Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings ( UAL ) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA-CWA). Stocks recently featured in the blog include United Continental Holdings ( UAL ), Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ). According to the deal, United's employees will receive a 10% compensation hike and a signing bonus of $5,000.
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494bc8ac-449a-46d5-b633-a62298719150
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723153.0
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2012-03-01 00:00:00 UTC
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Deere Hikes Dividend - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-hikes-dividend-analyst-blog-2012-03-01
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nan
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nan
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Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents. This marks the tenth consecutive year of the company's dividend hike. The increased dividend will be payable on May 1, 2012 to shareholders of record as on March 30, 2012.
The dividend increase, which translates into a 12% raise from the prior dividend of 41 cents, came after nearly nine months. On May 24, 2011, Deere increased its dividend by 6 cents to 41 cents.
Deere reported earnings of $1.30 per share; an improvement of 8% from the prior year quarter of $1.20. Results exceeded the Zacks Consensus Estimate of $1.23.
The company's worldwide total sales were recorded at $6.8 billion, which increased 11% year over year. Total revenue outperformed the Zacks Consensus Estimate of $6.49 billion.
The improvement in the first quarter results of fiscal 2012 was attributable to several factors. The company performed well across all its segments. In addition, healthy demand for farm machinery also contributed to the performance.
Deere started 2012 on a good note with a strong performance in the first quarter. It sets a net income target of $3.275 billion for 2012. The Zacks Consensus Estimate for second quarter 2012 earnings per share is $1.01.
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%. Deere expects nearly $3.5 billion cash flow from Equipment Operations in 2012.
Current annualized dividend yield of Deere is 1.97%. Caterpillar, the nearest peer of Deere, lags behind it with an annualized dividend yield of 1.59%. Deere's dividend payout ratio of 22.63% is less than Caterpillar's 23.86%. Caterpillar had increased its dividend by 12% in June 2011 to 46 cents per share.
Deere has a better cash and cash equivalents of $3.4 billion compared to $3.1 billion of Caterpillar. Deere commands industry leading net margins, its trailing twelve months' net margin of 8.74%, surpassing Caterpillar's 8.32% and the industry margin of 7.24%. We thus believe Deere has ample scope to increase its dividend yield and payout ratio.
R&D expenses increased 16% year over year in the first quarter of 2012. R&D spending is expected to be up by 12% for the year. The expenses are expected to remain high for the next few years also as Deere approaches significant product launches with Interim 4 engines and meets final Tier-4 emission standards.
The shares of the company currently retain Zacks #2 Rank (short-term "Buy" recommendation). It competes with the likes of Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
Illinois-based Deere & Co., is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The companysells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere & Co.'s credit subsidiary, John Deere Capital Corporation (JDCC) is one of the largest equipment finance companies in the U.S. with more than 2.4 million accounts. Deere currently reports operating results under the three major business segments like Agriculture and Turf segment, Construction and Forestry segment and the Credit segment.
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): 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 to deliver increased dividends targeting an average payout ratio in the band of 25%-30%. The expenses are expected to remain high for the next few years also as Deere approaches significant product launches with Interim 4 engines and meets final Tier-4 emission standards. Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents.
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Deere commands industry leading net margins, its trailing twelve months' net margin of 8.74%, surpassing Caterpillar's 8.32% and the industry margin of 7.24%. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents.
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Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents. On May 24, 2011, Deere increased its dividend by 6 cents to 41 cents. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Caterpillar had increased its dividend by 12% in June 2011 to 46 cents per share. Illinois-based Deere & Co., is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. Deere & Company ( DE ) has upped its quarterly dividend by 5 cents to 46 cents.
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fa282d22-508d-40d1-9d25-d63265dcbc5d
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723154.0
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2012-02-23 00:00:00 UTC
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Deere & Company - An Opportunity Or A Value Trap?
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DE
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https://www.nasdaq.com/articles/deere-company-opportunity-or-value-trap-2012-02-23
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nan
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nan
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By Intrinsic Valuation :
Deere & Company ( DE ) is a well-known American manufacturer of agricultural machinery. The company's success dates back to 1837 when John Deere introduced the cast-steel plow from his workshop in Grand Detour, Illinois. It has grown to be the biggest player in the agricultural machinery industry world-wide with products on offer that include tractors, harvesters, balers, planters, sprayers, diesel engines, drive trains, lawn mowers, and snow throwers. The company also provides financial and other related services.
DE is of course cyclical in nature, so if you believe the global economy is in for a tough time in the coming years, you will want to stay away. But the world's population needs to eat, and as new members rapidly enter the global middle class pool, the demand for quality and quantity of agricultural products will increase. DE has been growing its business in developing countries at a decent rate, and that trend is unlikely to reverse any time soon.
DE invests more in R&D than its competitors holding it in good stead to maintain its dominant position globally moving forward. It has long had a reputation for quality and management places significant importance on maintaining that reputation.
DE has grown its EPS at a compounded rate of 26% over the past 10 years. This is an impressive growth rate for such a large company. It should be pointed out though that EPS has grown at a more modest 13% over the past 5 years - as with all cyclical companies the GFC hit earnings of DE hard. DE's dividend per share has grown at a 15% clip over the past 10 years. It is currently offering a 2% yield.
We like to see companies generate about as much Free Cash Flow as net earnings over a period of time. Over the last 10 years DE has generated $8.3B of Free Cash Flow versus almost $15B of total net earnings over that same period. Over the past 4 years DE has generated $2.6B in Free Cash Flow versus total net earnings over that same period of $7.6B. That is a concern. Delving deeper - Cash from Operations over the last 10 years has totaled over $18B and the figures have been reasonably consistent from year to year, which is great to see. So DE has been spending a large amount on capital expenditures each year - funding the expansion into developing markets and keeping its manufacturing equipment up to date. There is only one thing worse than a company spending lots of cash on capital expenditures - and that's a company not spending enough on capital expenditures - deferring the expenditures until finally they have been deferred for too long. DE is a great generator of cash from operations, but it happens to have a rather large capital expenditure burden.
DE's net debt-to-equity ratio is too high. Over the past 10 years it has averaged almost 300% and it currently sits at 337%. The company is spending a large amount of money on share repurchases - a total of $7.6B over the past 10 years. This has 2 implications - it is not using that cash to pay down debt, and it is keeping the equity base low. Shareholder equity in 2002 was $3.2B and in October 2011 it stood at $6.8B, so though EPS has grown at a great rate, shareholder equity has been kept low. The major contributor to the high net debt to equity is the financing division of DE, which operates like many other financing organizations - with high amounts of debt. The company has operated under high amounts of debt for a while so perhaps it is sustainable? But its interest expense is over 23% of operating income, which we view as too high. We would like to see net debt be reduced in the coming years.
Quality Rating
DE scores a rather sobering 50 / 100 for its Quality Rating. Its Free Cash Flow as mentioned above is not great, its net debt to equity is too high (albeit on an equity base that is kept low), and though its EPS growth over a 10-year period has been great, it has been inconsistent over that time, resulting in a low score. DE's capital expenditure burden as mentioned above is significant, and one that needs to be looked at.
Intrinsic Value
Intrinsic Value is forecast to rise meaningfully in the coming few years. This is based on the assumption that we will not enter a global recession as a result of the European situation or any other trigger.
Looking at the graph - the share-price of DE is quite volatile as can be expected of a cyclical stock. But even amidst the volatility, buying opportunities have been rare.
Investment Grade Table
DE comes in at number 135 on the Investment Grade Table with a low Investment Grade Score of 4. To put that in perspective, the companies that inhabit the upper echelons of the Investment Grade Table have an Investment Grade Score of over 60.
Conclusion
There is a lot to like about DE - it has an undeniable brand and has positioned itself well to capitalize on growing demand from developing countries. As such, some investors may see an opportunity at current prices - DE is now in value. But some of DE's metrics are concerning - the company has a significant capital expenditure burden that it needs to get back under control, its net debt to equity (and subsequently its interest expense) is too high, and it is a deeply cyclical business. Management may well have these items under control, but even so they can make for some restless nights' sleep for some investors. DE is offering a small Margin of Safety at the moment, and its Intrinsic Value is forecast to rise in the coming years. But given the concerns, investors may prefer to wait to see a much larger Margin of Safety prior to an investment. In the meantime there are a number of more attractive opportunities available in the market.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
See also Why Google Might Be Going To $0 on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has grown to be the biggest player in the agricultural machinery industry world-wide with products on offer that include tractors, harvesters, balers, planters, sprayers, diesel engines, drive trains, lawn mowers, and snow throwers. But the world's population needs to eat, and as new members rapidly enter the global middle class pool, the demand for quality and quantity of agricultural products will increase. But some of DE's metrics are concerning - the company has a significant capital expenditure burden that it needs to get back under control, its net debt to equity (and subsequently its interest expense) is too high, and it is a deeply cyclical business.
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Over the past 4 years DE has generated $2.6B in Free Cash Flow versus total net earnings over that same period of $7.6B. Its Free Cash Flow as mentioned above is not great, its net debt to equity is too high (albeit on an equity base that is kept low), and though its EPS growth over a 10-year period has been great, it has been inconsistent over that time, resulting in a low score. Investment Grade Table DE comes in at number 135 on the Investment Grade Table with a low Investment Grade Score of 4.
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Over the past 4 years DE has generated $2.6B in Free Cash Flow versus total net earnings over that same period of $7.6B. Its Free Cash Flow as mentioned above is not great, its net debt to equity is too high (albeit on an equity base that is kept low), and though its EPS growth over a 10-year period has been great, it has been inconsistent over that time, resulting in a low score. But some of DE's metrics are concerning - the company has a significant capital expenditure burden that it needs to get back under control, its net debt to equity (and subsequently its interest expense) is too high, and it is a deeply cyclical business.
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We would like to see net debt be reduced in the coming years. Its Free Cash Flow as mentioned above is not great, its net debt to equity is too high (albeit on an equity base that is kept low), and though its EPS growth over a 10-year period has been great, it has been inconsistent over that time, resulting in a low score. By Intrinsic Valuation : Deere & Company ( DE ) is a well-known American manufacturer of agricultural machinery.
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b02ad650-c789-4c43-b131-726f5bd8b74f
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723155.0
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2012-02-17 00:00:00 UTC
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Terex Tops Estimates - Analyst Blog
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DE
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https://www.nasdaq.com/articles/terex-tops-estimates-analyst-blog-2012-02-17
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nan
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nan
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Terex Corp. ( TEX ) reported fourth quarter adjusted EPS of 26 cents, versus 20 cents in the year-ago quarter. The EPS was a penny ahead of the Zacks Consensus Estimate.
Excluding the special items in both periods; Terex reported a loss per share of 3 cents in the quarter compared with a loss per share of 30 cents in the year-ago quarter.
Net sales at Terex increased 47% to $1.957 billion from $1.327 billion in the year-earlier quarter, ahead of the Zacks Consensus Estimate of $1.896 billion. Excluding the impact of the Demag Cranes AG acquisition, net sales increased 20%.
Costs and Margins
Cost of goods sold amounted to $1.6 billion versus $1.1 billion in the year-earlier quarter. Gross profit increased to $330.5 million from $185.6 million in the year-ago quarter. Gross margins expanded 200 basis points to 16% in the quarter.
Selling, general and administrative expenses increased 46% to $271 million in the quarter. The company reported an operating income of $32 million compared with $0.5 million in the year-ago quarter.
Segment Performance
Total revenue at Aerial Work Platforms increased to $437.4 million from $342.8 million in the year-ago quarter. The segment reported an operating income of $26 million versus $11 million in the prior-year quarter.
Net sales at the Construction segment were $409 million versus $316 million in the year-ago quarter driven by strong demand in North America and Europe. Operating loss at the Construction business narrowed to $2.8 million from a loss of $4.3 million in the year-earlier quarter due to lower demand for roadbuilding products, charges to reduce staffing to better align production with lower demand, higher material and component costs.
Cranes reported total revenue of $593.7 million versus $549.1 million in the year-earlier quarter with improvement in demand for rough terrain cranes in North America, robust performance in the port equipment businesses and strong demand for pick and carry crane products in Australia. The segment reported an operating profit of $10.8 million versus $15.7 million in the year-earlier quarter.
Net sales at Material Handling & Port solutions were $361 million driven by machine sales for industrial cranes and mobile harbor cranes due to strong orders during earlier parts of 2011. Region wise, Germany and the United States showed strong performance followed by Brazil, India and China. The segment reported a loss of $16.6 million. This included a charge of $22.1 million related to the step-up in the valuation of inventory at the acquisition date of Demag Cranes AG partially offset by higher spare parts, service and maintenance revenue.
Net sales at the Material Processing segment were $170.8 million, up 17% year over year due to strong mobile equipment sales in Australia, South Africa and parts of southern Asia and Latin America. However, lower demand for crushing equipment in Europe was a minor offset. The segment reported an operating profit of $14.6 million, up from $5.3 million in the prior year quarter.
Fiscal 2011 Performance
Terex reported fiscal adjusted EPS of 46 cents compared with a loss of $1.29 in the prior year,. This was ahead of the Zacks Consensus Estimate of 44 cents.. Including special items, EPS in fiscal 2011 stood at 35 cents compared with a loss in the previous year. Revenues improved 47% year over year to $6.5 billion, surpassing the Zacks Consensus Estimate of $6.4 billion.
Financial Position
As of December 31, 2011 cash and cash equivalents amounted to $774 million versus $894 million as of December 31, 2010. Cash from operating activities was an inflow of $19.1 million during the year compared with usage of $610 million in fiscal 2010. The debt-to-capitalization ratio worsened to 55% as of December 31, 2011 from 45% as of December 31, 2010.
Outlook
Management now expects full year net sales in the range of $7.5 billion to $8.0 billion. Full year EPS is projected in the range of $1.65 to $1.85. For the fourth quarter, EPS is forecast in the band of 20 cents to 25 cents. Capital expenditures is expected to be approximately $140 million. Ratio of working capital to trailing three months annualized sales is projected at 25% at the end of 2012.
In the Aerial Work Platform segment, operating margin is projected to be in the 10% - 11% range for 2012, driven by price realization and productivity enhancements. The Cranes segment's operating margin is expected to be within 5% to 6%. Weak demand in Europe is expected to be offset by growth in North American and Australian markets. Latin America and the Middle East markets will also remain strong. Price increases and restructuring activities are expected to aid margins.
The Material Processing segment sales is expected to remain strong in Australia and South Africa, combined with improved pricing overall. Operating margins is expected to lie within 10% to 11%. Sales are also expected to improve in the Material Handling & Port segment led by the services and the port solutions businesses, Particularly in North America, India and the Middle East. Operating margin is expected in the 4.5% - 5.5% range. In the Construction business, roadbuilding operations are expected to remain weak in 2012. Overall segment operating margin is expected to be in the range of 2% - 3%.
Our Take
Terex had been continuously suffering losses since the first quarter of fiscal 2009, affected by the global economic slowdown. Particularly hurt were the Aerial Work Platforms and Construction businesses.
However, the company reversed its string of losses beginning fiscal 2011 first quarter. Even though the other segments have turned around, the Construction segment still remains in the red. However, an increase in backlog and order quotation activity in the quarter hold promise.
With the recent Demag acquisition, Terex will add a new product category of industrial cranes and hoists, and become the leading worldwide player in port equipment. The combined entity will have a strong footprint in Europe and the emerging markets, especially in China, as Demag is counting on capturing the growing demand for cranes in that country, the world's largest market for industrial cranes. We currently have a Zacks #3 Rank (short-term Hold recommendation) on the stock.
Westport, Connecticut-based Terex Corporation is a global manufacturer of a broad range of equipment for the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries.
The company's manufacturing facilities are located in the U.S., Canada, Europe, Australia, Asia and South America. It operates through four business segments: Aerial Work Platforms, Construction, Cranes and Materials Processing. Terex competes with the likes of Caterpillar Inc. ( CAT ), Deere & Company ( DE ) and Komatsu Ltd. ( KMTUY ).
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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This included a charge of $22.1 million related to the step-up in the valuation of inventory at the acquisition date of Demag Cranes AG partially offset by higher spare parts, service and maintenance revenue. With the recent Demag acquisition, Terex will add a new product category of industrial cranes and hoists, and become the leading worldwide player in port equipment. Excluding the impact of the Demag Cranes AG acquisition, net sales increased 20%.
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Cranes reported total revenue of $593.7 million versus $549.1 million in the year-earlier quarter with improvement in demand for rough terrain cranes in North America, robust performance in the port equipment businesses and strong demand for pick and carry crane products in Australia. 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 increased 20%.
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Net sales at the Construction segment were $409 million versus $316 million in the year-ago quarter driven by strong demand in North America and Europe. Operating loss at the Construction business narrowed to $2.8 million from a loss of $4.3 million in the year-earlier quarter due to lower demand for roadbuilding products, charges to reduce staffing to better align production with lower demand, higher material and component costs. Cranes reported total revenue of $593.7 million versus $549.1 million in the year-earlier quarter with improvement in demand for rough terrain cranes in North America, robust performance in the port equipment businesses and strong demand for pick and carry crane products in Australia.
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Net sales at the Construction segment were $409 million versus $316 million in the year-ago quarter driven by strong demand in North America and Europe. Cranes reported total revenue of $593.7 million versus $549.1 million in the year-earlier quarter with improvement in demand for rough terrain cranes in North America, robust performance in the port equipment businesses and strong demand for pick and carry crane products in Australia. Excluding the impact of the Demag Cranes AG acquisition, net sales increased 20%.
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55483db9-6c76-43ed-9877-3f326e8ea8c1
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723156.0
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2012-02-16 00:00:00 UTC
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Wells Fargo Gets Less Bullish on Deere & Co; Rating, Target Lowered (DE)
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DE
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https://www.nasdaq.com/articles/wells-fargo-gets-less-bullish-deere-co-rating-target-lowered-de-2012-02-16
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nan
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nan
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday caught a big downgrade from analysts at Wells Fargo.
The firm said it cut its rating on DE from "Outperform" to "Market Perform" while lowering its price target range from $93-96 to $90-$93. That new range suggests a 7% to 10% upside to the stock's Wednesday closing price of $84.28.
A Wells Fargo analyst commented, "We are downgrading shares due to an expectation that investor concern about peaking earnings power that potentially causes the stock valuation multiple to compress and offset potential positive earnings surprises. Given forecasts for a modest row crop farmer cash flow ( CF ) decrease over the next year against elevated US and Canadian large farm equipment demand, we believe the stock will likely be challenged to outperform until investors have (1) more visibility on FY2013 demand potential that is currently clouded due to farm cash flow concerns and (2) a better understanding of the normalized earnings impact from FY2013 incremental developing market production capacity increases (i.e., seven new facilities starting production causing a step function in revenue growth likely realized during FY2014)."
Continuing, "After the company guided FY2012 above consensus (i.e., to approximately $8.05), we are increasing our FY2012E EPS to $8.10 from $7.90 ($0.10 from FQ1 2012 beat, $0.02 FQ2 2012E to $2.44 from $2.42, and $0.08 from higher FH2 2012E) and maintaining our FY2013E EPS of $8.65."
Deere shares posted small losses in premarket trading Thursday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 1.95% dividend yield, based on last night's closing stock price of $84.28. The stock has technical support in the $80 price area. If the shares can firm up, we see overhead resistance around the $90-$95 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Thursday caught a big downgrade from analysts at Wells Fargo. Given forecasts for a modest row crop farmer cash flow ( CF ) decrease over the next year against elevated US and Canadian large farm equipment demand, we believe the stock will likely be challenged to outperform until investors have (1) more visibility on FY2013 demand potential that is currently clouded due to farm cash flow concerns and (2) a better understanding of the normalized earnings impact from FY2013 incremental developing market production capacity increases (i.e., seven new facilities starting production causing a step function in revenue growth likely realized during FY2014)." The Bottom Line Shares of Deere & Co. ( DE ) have a 1.95% dividend yield, based on last night's closing stock price of $84.28.
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday caught a big downgrade from analysts at Wells Fargo. Given forecasts for a modest row crop farmer cash flow ( CF ) decrease over the next year against elevated US and Canadian large farm equipment demand, we believe the stock will likely be challenged to outperform until investors have (1) more visibility on FY2013 demand potential that is currently clouded due to farm cash flow concerns and (2) a better understanding of the normalized earnings impact from FY2013 incremental developing market production capacity increases (i.e., seven new facilities starting production causing a step function in revenue growth likely realized during FY2014)." The firm said it cut its rating on DE from "Outperform" to "Market Perform" while lowering its price target range from $93-96 to $90-$93.
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Given forecasts for a modest row crop farmer cash flow ( CF ) decrease over the next year against elevated US and Canadian large farm equipment demand, we believe the stock will likely be challenged to outperform until investors have (1) more visibility on FY2013 demand potential that is currently clouded due to farm cash flow concerns and (2) a better understanding of the normalized earnings impact from FY2013 incremental developing market production capacity increases (i.e., seven new facilities starting production causing a step function in revenue growth likely realized during FY2014)." The Bottom Line Shares of Deere & Co. ( DE ) have a 1.95% dividend yield, based on last night's closing stock price of $84.28. Farming and construction equipment maker Deere & Company ( DE ) on Thursday caught a big downgrade from analysts at Wells Fargo.
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday caught a big downgrade from analysts at Wells Fargo. The firm said it cut its rating on DE from "Outperform" to "Market Perform" while lowering its price target range from $93-96 to $90-$93. Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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1b11efcd-b859-4d61-aae9-915739ba9706
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2012-02-16 00:00:00 UTC
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Stock Market News for February 16, 2012 - Market News
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https://www.nasdaq.com/articles/stock-market-news-for-february-16-2012-market-news-2012-02-16
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Investor sentiment seems to depend directly on the fortunes of Greece and any negative development on this front immediately drags down the benchmarks. Such was the case even yesterday as US markets reversed their gains following reports that euro-zone finance leaders were planning to delay part of the Greek bailout package until the country's April elections. It was another roller-coaster ride for the benchmarks, and with changing events the benchmarks swung accordingly, finally recording one of their worst days for the year.
The Dow Jones Industrial Average (DJI) lost 0.8% and finished at 12,780.95. The Standard & Poor 500 (S&P 500) signed off yesterday's trading session at 1,343.23, dipping 0.5%. The tech-laden Nasdaq Composite Index had touched a high of 2,958.19 during the trading session, but lost all its gains to close 0.6% lower at 2,915.83. Consolidated volumes on the New York Stock Exchange, NYSE Amex and Nasdaq were 7.38 billion shares, lower than the daily average of 6.98 billion. Decliners beat advancers on the NYSE by a ratio of 4:3.
The closing figures indicate the concerns that had seeped in during the later hours. However, markets had opened higher and scaled great highs. While Greek debt woes once again sent the benchmarks down into the red zone, markets had actually opened with optimism about the European situation. Chinese central bank governor Zhou Xiaochuan said he believed in the euro-zone's ability to fix lingering Greek debt woes and that China would keep investing in the European debt. The China-EU summit ended on a positive note after Beijing promised help for the struggling region. Zhou Xiaochuan said: "We strongly believe European countries can work together to handle the challenges. They are able to solve the sovereign debt crisis". Chinese Premier Wen Jiabao joined in and said: "China is firm in supporting the EU side in dealing with the debt problems. We match our words with actions".
Meanwhile, fourth quarter GDP numbers for the euro-zone region boosted sentiment. According to the figures, the French and German economies did modestly better than expected.
Markets also received a boost following news that prominent hedge-fund managers were buying Apple Inc.'s (NASDAQ: AAPL ) shares. The iPad and iPhone maker and the Macintosh manufacturer is also the largest US company in terms of market capitalization, and movement in its stocks impacts the Nasdaq as well as the broader market. Following this development, Apple's stock rose to a high of $526.29, helping the Nasdaq jump significantly. But during the later hours, the stock lost ground snapping its eight-day winning streak and closed 2.3% lower at $497.67. While Apple lost its gains, it also dragged the Nasdaq down and even contributed towards the market's decline.
Markets also lost out on their gains after learning that euro-zone leaders were chalking out ways to delay Greece's bailout package partly, or even completely. The euro-zone plans to delay the financial aid till Greece's elections scheduled in April. However, the euro-zone wants to spare Greece the consequences of defaulting on its debt. But, uncertainty prevails as to how the euro-zone plans to save Greece from defaulting without releasing the funds now. Amadeu Altafaj, spokesman on economic and monetary affairs said: "Up until now, that's (the bailout money) never been separated out. Now what will happen tonight, I don't know, I can't pre-empt that. But that's certainly the logic we've been following so far". Probably, the step is aimed at pressuring Athens' political quarters, but Greece is in dire need of funds, without which it might default on its debt leading to an exit from the euro.
Coming to back to domestic news, the Fed minutes did not boost the markets by announcing another round of quantitative easing (QE). Rather, central bank members seem to be divided over the need of a third bond-buying program. While some Fed officials at the central bank's January 24-25 policy meeting supported QE3 given the low inflation rate and high unemployment, the others believe QE3 will only become necessary if the inflation rate remains below 2% or if the economy weakens. However, the minutes also suggested that the central bank expects decent economic growth and a fall in unemployment.
On the economic front, a report from the Federal Reserve suggested that industrial production remained flat in January, while consensus estimates expected it to have surged 0.7%. Unchanged industrial production figures were caused by declines in mining and utilities which offset a 0.7% gain in manufacturing.
The Industrial SPDR Select Sector Fund ( XLI ) was down 1.3% yesterday, and this sector was one of the biggest losers of the day. As for the individual stocks, Caterpillar Inc. (NYSE: CAT ), United Parcel Service, Inc. (NYSE: UPS ), Emerson Electric Co. (NYSE: EMR ), Deere & Company (NYSE: DE ) and Union Pacific Corporation (NYSE: UNP ) lost 1.7%, 0.5%, 0.5%, 5.4% and 3.3%, respectively.
Separately, the monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York showed positive trends. According to the report: "The February Empire State Manufacturing Survey indicates that manufacturing activity in New York State expanded for a third consecutive month. The general business conditions index rose six points to 19.5, its highest level in more than a year". This was also substantively higher than consensus estimates of 14.7.
APPLE INC ( AAPL ): Free Stock Analysis Report
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DEERE & CO ( DE ): Free Stock Analysis Report
EMERSON ELEC CO ( EMR ): Free Stock Analysis Report
UNION PAC CORP (UNP): Free Stock Analysis Report
UTD PARCEL SRVC (UPS): 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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Such was the case even yesterday as US markets reversed their gains following reports that euro-zone finance leaders were planning to delay part of the Greek bailout package until the country's April elections. Probably, the step is aimed at pressuring Athens' political quarters, but Greece is in dire need of funds, without which it might default on its debt leading to an exit from the euro. On the economic front, a report from the Federal Reserve suggested that industrial production remained flat in January, while consensus estimates expected it to have surged 0.7%.
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On the economic front, a report from the Federal Reserve suggested that industrial production remained flat in January, while consensus estimates expected it to have surged 0.7%. As for the individual stocks, Caterpillar Inc. (NYSE: CAT ), United Parcel Service, Inc. (NYSE: UPS ), Emerson Electric Co. (NYSE: EMR ), Deere & Company (NYSE: DE ) and Union Pacific Corporation (NYSE: UNP ) lost 1.7%, 0.5%, 0.5%, 5.4% and 3.3%, respectively. APPLE INC ( AAPL ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EMERSON ELEC CO ( EMR ): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Such was the case even yesterday as US markets reversed their gains following reports that euro-zone finance leaders were planning to delay part of the Greek bailout package until the country's April elections. Chinese central bank governor Zhou Xiaochuan said he believed in the euro-zone's ability to fix lingering Greek debt woes and that China would keep investing in the European debt. APPLE INC ( AAPL ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EMERSON ELEC CO ( EMR ): Free Stock Analysis Report UNION PAC CORP (UNP): Free Stock Analysis Report UTD PARCEL SRVC (UPS): Free Stock Analysis Report To read this article on Zacks.com click here.
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Chinese central bank governor Zhou Xiaochuan said he believed in the euro-zone's ability to fix lingering Greek debt woes and that China would keep investing in the European debt. While Apple lost its gains, it also dragged the Nasdaq down and even contributed towards the market's decline. On the economic front, a report from the Federal Reserve suggested that industrial production remained flat in January, while consensus estimates expected it to have surged 0.7%.
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2012-02-16 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Comcast, Deere, Zynga, Kellogg and Procter & Gamble - Press Releases
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For Immediate Release
Chicago, IL - February 16, 2012 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Comcast ( CMCSK ), Deere ( DE ), Zynga ( ZNGA ), Kellogg ( K ) and Procter & Gamble ( PG ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday's Analyst Blog:
Why Europe Still Matters
The consensus view for the Euro-zone region is that its economy will experience a recession in 2012. It appears that the downturn got underway from the fourth quarter of 2011. With 9 of the group's 17 countries experiencing economic contraction in the quarter, the group's fourth quarter GDP dropped 0.3%, the first negative growth since the second quarter of 2009. The U.S. economy accelerated to a 2.8% growth rate in the same time period, though its growth pace is expected to decelerate in the first quarter of 2012.
The technical definition of a recession is two back-to-back quarters of negative economic growth. Italy, Greece, Portugal, Belgium and the Netherlands already meet that condition, while Spain is almost there as well.
The French and German growth numbers came in better than expected. The German economy contracted in the fourth quarter, but is expected to post positive growth in the current quarter. But modest German growth won't be enough to offset the impact of spending cuts in the southern European nations, ensuring negative group-wide GDP readings at least through the first half of the year.
Greece, the "ground zero" of Europe's troubles, is in a particularly terrible situation. Its economy has contracted a cumulative 17% in the four years through the end of 2011. The country has just agreed to go through a substantially tougher austerity plan to ensure a fresh bailout. The latest austerity measure will see 15,000 public sector job cuts and a 22% cut in minimum wages.
The thinking behind the tough fiscal medicine for Greece and other Euro-zone countries is that these measures will help restore confidence in the region's finances, which will eventually result in economic growth. Left-leaning political forces are contesting the utility of this thinking, with the French presidential election in April providing a critical platform for the debate. French president Nicolas Sarkozy is trailing his socialist opponent in the polls at present. His defeat in the April election would be a major setback for the prevailing policy prescription, as he and German chancellor Angela Merkel have been its strongest proponents.
On the earnings front, we have better-than-expected results this morning from Comcast ( CMCSK ) and Deere ( DE ). Zynga ( ZNGA ) posted better-than-expected results, but provided a weak outlook. In other news, Kellogg ( K ) is acquiring Procter & Gamble's ( PG ) Pringles business for $2.7 billion.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515 .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518 .
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COMCAST CLA SPL ( CMCSK ): Free Stock Analysis Report
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KELLOGG CO ( K ): Free Stock Analysis Report
PROCTER & GAMBL ( PG ): Free Stock Analysis Report
ZYNGA INC ( ZNGA ): 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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But modest German growth won't be enough to offset the impact of spending cuts in the southern European nations, ensuring negative group-wide GDP readings at least through the first half of the year. The thinking behind the tough fiscal medicine for Greece and other Euro-zone countries is that these measures will help restore confidence in the region's finances, which will eventually result in economic growth. Stocks recently featured in the blog include Comcast ( CMCSK ), Deere ( DE ), Zynga ( ZNGA ), Kellogg ( K ) and Procter & Gamble ( PG ).
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Stocks recently featured in the blog include Comcast ( CMCSK ), Deere ( DE ), Zynga ( ZNGA ), Kellogg ( K ) and Procter & Gamble ( PG ). 9339 support@zacks.com http://www.zacks.com COMCAST CLA SPL ( CMCSK ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KELLOGG CO ( K ): Free Stock Analysis Report PROCTER & GAMBL ( PG ): Free Stock Analysis Report ZYNGA INC ( ZNGA ): Free Stock Analysis Report To read this article on Zacks.com click here. It appears that the downturn got underway from the fourth quarter of 2011.
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9339 support@zacks.com http://www.zacks.com COMCAST CLA SPL ( CMCSK ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KELLOGG CO ( K ): Free Stock Analysis Report PROCTER & GAMBL ( PG ): Free Stock Analysis Report ZYNGA INC ( ZNGA ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Comcast ( CMCSK ), Deere ( DE ), Zynga ( ZNGA ), Kellogg ( K ) and Procter & Gamble ( PG ). It appears that the downturn got underway from the fourth quarter of 2011.
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Stocks recently featured in the blog include Comcast ( CMCSK ), Deere ( DE ), Zynga ( ZNGA ), Kellogg ( K ) and Procter & Gamble ( PG ). It appears that the downturn got underway from the fourth quarter of 2011. The U.S. economy accelerated to a 2.8% growth rate in the same time period, though its growth pace is expected to decelerate in the first quarter of 2012.
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2012-02-15 00:00:00 UTC
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Deere Starts 2012 on a Good Note - Analyst Blog
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https://www.nasdaq.com/articles/deere-starts-2012-on-a-good-note-analyst-blog-2012-02-15
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Deere & Co. ( DE ) delivered earnings of $1.30 per share in its first quarter ended of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $1.23. Results were 8% ahead of $1.20 earned in the year-ago quarter. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
Operational Update
Deere's worldwide total sales increased 11% year over year to $6.77 billion, beating the Zacks Consensus Estimate of $6.49 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $6.1 billion, an 11% year-over-year increase including a price increase of 4% and unfavorable currency translation effect of 1%. On a geographic basis, equipment net sales were up 5% in the United States and Canada and 21% in rest of the world.
Cost of sales in the quarter totaled $4.6 billion, up 12% year over year. Operating profit improved 7% year over year to $1.17 billion in the quarter.
Segment Performance
The Agriculture & Turf segment's sales increased 8% to $4.7 billion, led by higher shipment volumes and improved price realization. Operating profit at the segment was $574 million, up 3% year over year. The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material costs and higher manufacturing overhead costs related to new products.
Construction & Forestry posted a year over year sales growth of 22% to reach $1.4 billion ascribed to higher shipment volumes and improved price realization. The segment operating profit increased 41% year over year to $124 million driven by higher shipment, production volumes and improved price realization, partially offset by higher raw material costs.
Net revenues at Deere's Financial Services operations were $548 million in the quarter, up 8% from the year-ago quarter. Net income in the segment was $119 million, inching up from $118 million in the year-ago quarter. Benefits from growth in credit portfolio, revenue from wind energy credits and lower provision for credit losses were offset by higher crop insurance claims and increased selling, administrative and general expenses.
Financial Position
As of January 31, 2012, Deere had cash and cash equivalents of $3.39 billion, down from $3.65 billion as of October 31, 2011. Long-term borrowings decreased slightly to $16.92 billion from $16.86 billion as of October 31, 2011. Net cash used for operating activities for the quarter was $1.23 billion compared with an usage of $0.9 billion in the previous year quarter.
Looking Forward
Deere expects equipment sales to grow around 15% in fiscal 2012. The guidance includes an unfavorable currency-translation impact of 3%. Net income is estimated at $3.275 billion.
Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full-year 2012, benefiting from favorable global farm conditions, and benefits from introduction of advanced new products throughout the globe and from major expansion projects particularly in emerging markets.
Construction and Forestry equipment are expected to improve 18% for 2012, reflecting slightly improved market conditions and activity outside of the U.S. and strength in Canada. Construction equipment sales to independent rental companies are expected to improve further.
Sales growth is also expected to be aided by advanced new products and geographic expansion. Net income from Financial Services is estimated at $460 million.
Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow 10% for 2012. Western and Central Europe is expected to be flat to up 5%. Sales in the Commonwealth of Independent States are expected to see moderate gains while growth in Asia is expected to be strong. Industry sales of turf and utility equipment in the U.S. and Canada are expected to increase slightly.
Our Take
Deere continues to remain focused on expanding its production capacities. The company's investments to expand capacities as well as to offer new products favorably position it to cater to the increasing demand for food, shelter and infrastructure, thereby fueling top line growth in the upcoming quarters.
Deere also pays a regular quarterly dividend and increases the dividend from time to time, which enhances shareholders value. The company currently retains a Zacks #2 Rank (short-term Buy recommendation).
Illinois-based Deere & Co. is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere competes with Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): 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 & Co. ( DE ) delivered earnings of $1.30 per share in its first quarter ended of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $1.23. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment. The company's investments to expand capacities as well as to offer new products favorably position it to cater to the increasing demand for food, shelter and infrastructure, thereby fueling top line growth in the upcoming quarters.
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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 KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here. Deere & Co. ( DE ) delivered earnings of $1.30 per share in its first quarter ended of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $1.23. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
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Operational Update Deere's worldwide total sales increased 11% year over year to $6.77 billion, beating the Zacks Consensus Estimate of $6.49 billion. Deere & Co. ( DE ) delivered earnings of $1.30 per share in its first quarter ended of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $1.23. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
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Construction equipment sales to independent rental companies are expected to improve further. Deere & Co. ( DE ) delivered earnings of $1.30 per share in its first quarter ended of fiscal 2012, comfortably exceeding the Zacks Consensus Estimate of $1.23. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
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2012-02-15 00:00:00 UTC
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Deere & Company Forecasts Lower U.S. Commodity Prices, Farm Income
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https://www.nasdaq.com/articles/deere-company-forecasts-lower-us-commodity-prices-farm-income-2012-02-15
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Deere & Co., the world's largest maker of farm tractors and combines, forecasts lower prices for corn, wheat, soybeans and cotton in 2012 and 2013. Deere also expects a drop in U.S. farmers' income for the year.
Corn will drop to $5.30 a bushel in the year that starts Sept.1, after the U.S. harvest, compared with $6.40 a year ago, the Moline, Ill.-based Deere said Wednesday in an earnings presentation. The forecast was unchanged from a Nov. 23 estimate.
Wheat will drop to $6.70 a bushel, down from $7.40 a bushel in the year-ago period. That's slightly up from $6.60 a bushel forecast in November.
Soybeans will decline to $10.50 a bushel, lower than $13 a year earlier and a November forecast of $11.25.
Cotton is expected to drop to 75 cents a pound, compared with 88 cents in the prior year and unchanged from the November forecast.
With the drop in prices, U.S. farm cash receipts are also heading for a decline.
Crops farmers are expected to earn $200.4 billion in 2012, down from $209.3 billion earned a year ago and lower than the $207.7 November estimate.
Livestock farmers will receive $162.2 billion, compared with $163.1 billion and up from a more pessimistic November estimate of $157.2 billion.
Government payments will drop to $9.3 billion in 2012, down from $10.7 billion in 2011.
Total cash receipts will come in at $371.9 billion, down from $383.1 billion recorded in 2011.
Deere reported Wednesday a 3.7 percent profit increase in its fiscal first quarter boosted by strong U.S. farming income. However, less income for U.S. farmers could hurt Deere's sales performance, as farmers hold back on their demand to update their aging fleet.
Shares of Deere & Company ( DE ) closed down 5.36 percent, or $4.77, to $84.28 in Wednesday's trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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., the world's largest maker of farm tractors and combines, forecasts lower prices for corn, wheat, soybeans and cotton in 2012 and 2013. Soybeans will decline to $10.50 a bushel, lower than $13 a year earlier and a November forecast of $11.25. Deere reported Wednesday a 3.7 percent profit increase in its fiscal first quarter boosted by strong U.S. farming income.
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Deere & Co., the world's largest maker of farm tractors and combines, forecasts lower prices for corn, wheat, soybeans and cotton in 2012 and 2013. Deere also expects a drop in U.S. farmers' income for the year. Corn will drop to $5.30 a bushel in the year that starts Sept.1, after the U.S. harvest, compared with $6.40 a year ago, the Moline, Ill.-based Deere said Wednesday in an earnings presentation.
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Corn will drop to $5.30 a bushel in the year that starts Sept.1, after the U.S. harvest, compared with $6.40 a year ago, the Moline, Ill.-based Deere said Wednesday in an earnings presentation. Deere & Co., the world's largest maker of farm tractors and combines, forecasts lower prices for corn, wheat, soybeans and cotton in 2012 and 2013. Deere also expects a drop in U.S. farmers' income for the year.
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Deere also expects a drop in U.S. farmers' income for the year. Soybeans will decline to $10.50 a bushel, lower than $13 a year earlier and a November forecast of $11.25. Deere & Co., the world's largest maker of farm tractors and combines, forecasts lower prices for corn, wheat, soybeans and cotton in 2012 and 2013.
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2012-02-15 00:00:00 UTC
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Why Europe Still Matters - Analyst Blog
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https://www.nasdaq.com/articles/why-europe-still-matters-analyst-blog-2012-02-15
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We have a busyeconomic calendaron the home front today, but initial trading action will likely reflect optimism on the European situation following favorable comments from China about its plans to invest in Europe. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. But the overall outlook for the region's economy is fairly grim.
The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting.
The consensus view for the Euro-zone region is that its economy will experience a recession in 2012. It appears that the downturn got underway from the fourth quarter of 2011. With 9 of the group's 17 countries experiencing economic contraction in the quarter, the group's fourth quarter GDP dropped 0.3%, the first negative growth since the second quarter of 2009. The U.S. economy accelerated to a 2.8% growth rate in the same time period, though its growth pace is expected to decelerate in the first quarter of 2012.
The technical definition of a recession is two back-to-back quarters of negative economic growth. Italy, Greece, Portugal, Belgium and the Netherlands already meet that condition, while Spain is almost there as well.
The French and German growth numbers came in better than expected. The German economy contracted in the fourth quarter, but is expected to post positive growth in the current quarter. But modest German growth won't be enough to offset the impact of spending cuts in the southern European nations, ensuring negative group-wide GDP readings at least through the first half of the year.
Greece, the "ground zero" of Europe's troubles, is in a particularly terrible situation. Its economy has contracted a cumulative 17% in the four years through the end of 2011. The country has just agreed to go through a substantially tougher austerity plan to ensure a fresh bailout. The latest austerity measure will see 15,000 public sector job cuts and a 22% cut in minimum wages.
The thinking behind the tough fiscal medicine for Greece and other Euro-zone countries is that these measures will help restore confidence in the region's finances, which will eventually result in economic growth. Left-leaning political forces are contesting the utility of this thinking, with the French presidential election in April providing a critical platform for the debate. French president Nicolas Sarkozy is trailing his socialist opponent in the polls at present. His defeat in the April election would be a major setback for the prevailing policy prescription, as he and German chancellor Angela Merkel have been its strongest proponents.
On the earnings front, we have better-than-expected results this morning from Comcast ( CMCSK ) and Deere ( DE ). Zynga ( ZNGA ) posted better-than-expected results, but provided a weak outlook. In other news, Kellogg ( K ) is acquiring Procter & Gamble's ( PG ) Pringles business for $2.7 billion. Procter & Gamble was initially planning to sell this business to Diamond Foods ( DMND ), but the deal couldn't go through because of Diamond's problems.
COMCAST CLA SPL ( CMCSK ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DIAMOND FOODS ( DMND ): Free Stock Analysis Report
PROCTER & GAMBL ( PG ): Free Stock Analysis Report
ZYNGA INC (ZNGA): 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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But modest German growth won't be enough to offset the impact of spending cuts in the southern European nations, ensuring negative group-wide GDP readings at least through the first half of the year. The thinking behind the tough fiscal medicine for Greece and other Euro-zone countries is that these measures will help restore confidence in the region's finances, which will eventually result in economic growth. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected.
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Procter & Gamble was initially planning to sell this business to Diamond Foods ( DMND ), but the deal couldn't go through because of Diamond's problems. COMCAST CLA SPL ( CMCSK ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DIAMOND FOODS ( DMND ): Free Stock Analysis Report PROCTER & GAMBL ( PG ): Free Stock Analysis Report ZYNGA INC (ZNGA): Free Stock Analysis Report To read this article on Zacks.com click here. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected.
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COMCAST CLA SPL ( CMCSK ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DIAMOND FOODS ( DMND ): Free Stock Analysis Report PROCTER & GAMBL ( PG ): Free Stock Analysis Report ZYNGA INC (ZNGA): Free Stock Analysis Report To read this article on Zacks.com click here. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting.
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We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting. It appears that the downturn got underway from the fourth quarter of 2011.
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2012-02-15 00:00:00 UTC
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Deere Q1 Earnings Rise, Beating View; Forecast Boosted (DE)
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https://www.nasdaq.com/articles/deere-q1-earnings-rise-beating-view-forecast-boosted-de-2012-02-15
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal first quarter earnings and raised its full-year outlook.
The Moline, IL-based company reported first quarter net income of $532.9 million, or $1.30 per share, compared with $513.7 million, or $1.20 per share, in the year-ago period.
Revenue rose 11% from last year to $6.77 billion.
On average, Wall Street analysts expected a smaller profit of $1.24 per share on lower revenue of $6.50 billion.
Looking ahead, DE said it now expects full-year net income of $3.275 billion in 2012, compared with a prior outlook of $3.2 billion.
Deere shares fell 55 cents, or -0.6%, in premarket trading Wednesday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 1.84% dividend yield, based on last night's closing stock price of $89.05. The stock has technical support in the $80 price area. If the shares can firm up, we see overhead resistance around the $95 price level.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal first quarter earnings and raised its full-year outlook. The Bottom Line Shares of Deere & Co. ( DE ) have a 1.84% dividend yield, based on last night's closing stock price of $89.05. Looking ahead, DE said it now expects full-year net income of $3.275 billion in 2012, compared with a prior outlook of $3.2 billion.
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Looking ahead, DE said it now expects full-year net income of $3.275 billion in 2012, compared with a prior outlook of $3.2 billion. Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal first quarter earnings and raised its full-year outlook. Deere shares fell 55 cents, or -0.6%, in premarket trading Wednesday.
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Looking ahead, DE said it now expects full-year net income of $3.275 billion in 2012, compared with a prior outlook of $3.2 billion. The Bottom Line Shares of Deere & Co. ( DE ) have a 1.84% dividend yield, based on last night's closing stock price of $89.05. Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal first quarter earnings and raised its full-year outlook.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal first quarter earnings and raised its full-year outlook. Looking ahead, DE said it now expects full-year net income of $3.275 billion in 2012, compared with a prior outlook of $3.2 billion. The Bottom Line Shares of Deere & Co. ( DE ) have a 1.84% dividend yield, based on last night's closing stock price of $89.05.
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723163.0
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2012-02-15 00:00:00 UTC
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Ahead of Wall Street - February 15, 2012 - Ahead of Wall Street
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https://www.nasdaq.com/articles/ahead-wall-street-february-15-2012-ahead-wall-street-2012-02-15
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Wednesday, February 15, 2012
We have a busyeconomic calendaron the home front today, but initial trading action will likely reflect optimism on the European situation following favorable comments from China about its plans to invest in Europe. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. But the overall outlook for the region's economy is fairly grim. The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting.
The consensus view for the Euro-zone region is that its economy will experience a recession in 2012. It appears that the downturn got underway from the fourth quarter of 2011. With 9 of the group's 17 countries experiencing economic contraction in the quarter, the group's fourth quarter GDP dropped 0.3%, the first negative growth since the second quarter of 2009. The U.S. economy accelerated to a 2.8% growth rate in the same time period, though its growth pace is expected to decelerate in the first quarter of 2012.
The technical definition of a recession is two back-to-back quarters of negative economic growth. Italy, Greece, Portugal, Belgium, and the Netherlands already meet that condition, while Spain is almost there as well. The French and German growth numbers came in better than expected. The German economy contracted in the fourth quarter, but is expected to post positive growth in the current quarter. But modest German growth wouldn't be enough to offset the impact of spending cuts in the southern European nations, ensuring negative group-wide GDP readings at least through the first half of the year.
Greece, the ground zero of Europe's troubles, is in a particularly terrible situation. Its economy has contracted a cumulative 17% in the four years through the end of 2011. The country has just agreed to go through a substantially tougher austerity plan to ensure a fresh bailout. The latest austerity measure will see 15000 public sector job cuts and a 22% cut in minimum wages.
The thinking behind the tough fiscal medicine for Greece and other Euro-zone countries is that these measures will help restore confidence in the region's finances, which will eventually result in economic growth. Left leaning political forces are contesting the utility of this thinking, with the French presidential election in April providing a critical platform for the debate. French president, Nicolas Sarkozy, is trailing his socialist opponent in the polls at present. His defeat in the April election will be a major setback for the prevailing policy prescription, as he and the German chancellor, Angela Merkel, has been its strongest proponents.
On the earnings front, we have better than expected results this morning from Comcast ( CMCSK ) and Deere ( DE ). Zynga ( ZNGA ) posted better than expected results, but provided a weak outlook. In other news, Kellogg ( K ) is acquiring Proctor & Gamble's ( PG ) Pringles business for $2.7 billion. Proctor & Gamble was initially planning to sell this business to Diamond Foods ( DMND ), but the deal couldn't go through because of Diamond's problems.
Sheraz Mian
Director of Research
DEERE & CO ( DE ): Free Stock Analysis Report
KELLOGG CO ( K ): Free Stock Analysis Report
PROCTER & GAMBL ( PG ): Free Stock Analysis Report
ZYNGA INC ( ZNGA ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But modest German growth wouldn't be enough to offset the impact of spending cuts in the southern European nations, ensuring negative group-wide GDP readings at least through the first half of the year. The thinking behind the tough fiscal medicine for Greece and other Euro-zone countries is that these measures will help restore confidence in the region's finances, which will eventually result in economic growth. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected.
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Sheraz Mian Director of Research DEERE & CO ( DE ): Free Stock Analysis Report KELLOGG CO ( K ): Free Stock Analysis Report PROCTER & GAMBL ( PG ): Free Stock Analysis Report ZYNGA INC ( ZNGA ): Free Stock Analysis Report To read this article on Zacks.com click here. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting.
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Sheraz Mian Director of Research DEERE & CO ( DE ): Free Stock Analysis Report KELLOGG CO ( K ): Free Stock Analysis Report PROCTER & GAMBL ( PG ): Free Stock Analysis Report ZYNGA INC ( ZNGA ): Free Stock Analysis Report To read this article on Zacks.com click here. We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting.
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We also have fourth quarter GDP numbers for the Euro-zone region, which shows that the French and German economies did modestly better than expected. The domestic economic reports on deck for release today include Industrial Production numbers for January and minutes of the last FOMC meeting. It appears that the downturn got underway from the fourth quarter of 2011.
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2012-02-15 00:00:00 UTC
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Market Wrap-Up for Feb.15 (K, DPS, DE, CMCSA, AAPL, more)
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https://www.nasdaq.com/articles/market-wrap-feb15-k-dps-de-cmcsa-aapl-more-2012-02-15
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The markets took quite a turn this afternoon, and it was led by the fall in Apple ( AAPL ) shares you can say (More on Apple comments I made in today's mid-day newsletter below). Market reversals have been rare of late and could be something momentum-style investors may want to be paying attention to.
We had a decent number of earnings reports out today. Heading higher on better-than-expected results were shares of Comcast ( CMCSA ) ( full report here ), Dr.Pepper Snapple Group ( DPS ) ( more here ), and Abercrombie & Fitch ( ANF ) ( read more ). On the flipside, earnings results were not quite good enough for investors of Deere & Co. ( DE ) ( report here ) or Weight Watchers ( WTW ) ( results here ), as both names ended in the red.
Meanwhile, shares of Kellogg ( K ) rose on news it will buy the "Pringles" brand from Procter & Gamble ( PG ).
Ramifications of Apple's Recent Rise
It's hard to ignore the recent move in Apple ( AAPL ) shares, which I mentioned in yesterday's newsletter. The stock has gained nearly $100 since Jan. 24 - a 22% gain in just three weeks. Investors are fixated on the move, which has the feel of what happened to former tech titan Qualcomm ( QCOM ) shares in late 1999.
Back then, the stock went from a split-adjusted $48 on Dec. 10, 1999 to an all-time high of $88 on Dec. 31, 1999. I remember it was all investors could talk about. QCOM's technology was primed to explode, and analysts couldn't boost their price targets and earnings estimates fast enough to keep up with the rising share price. Yes, those were some wild days.
Apple is certainly locked into a similar "can-do-no-wrong" pattern. This is where things can get pretty dangerous for investors looking to jump into the stock with major dollars, considering the incredible move we've seen the last three weeks. I'm not saying Apple will follow Qualcomm's drop following the feverish run it had, but if you are going to consider the stock on the latest moves or the potential dividend rumor announcements, be very careful. I urge anyone looking to trade this name to use sell-stops to protect your capital from any potentially vicious reversals.
Take my information for what it's worth. I've been in the markets long enough to see danger when stocks move as quickly as Apple has. Is Apple a great company? Without question. Is its valuation still reasonable? Actually, yes it is. But if you are looking to add a non-dividend growth-focused name to your portfolio, always bear in mind that the moves tend to be fast and furious. Do your homework and avoid jumping into stocks blindly.
For our loyal dividend-focused readers, slow and steady has proven to be the ticket to success. Why change what's been working for decades?
Has the Train Left the Station?
If you'd been sitting on the sidelines waiting for a perfect entry point to put some money to work, you may be getting the feeling that the proverbial train has left the station. So, has it? The answer is almost always no. If you're a long-term investor, just keep your eye on the prize of building income streams with dividend stocks. Aim to put money to work each month, if possible.
It's hard to stay focused on the long term sometimes. Business media coverage typically focuses on stock moves over a 20-minute period, rather than how well a stock has performed if you'd maintained a position for several years.
If you are a person who gets emotionally wrapped up by the noise, you can either lower the volume on the business channel or take your shot at chasing the hot names and risk losing money when the music inevitably stops.
Small Businesses Will Keep Payrolls Lean
Recent findings from a Wells Fargo/Gallup index survey show many small businesses have no desire to make new hires. Businesses indicated several reasons for not expanding, including economic worries, additional healthcare expenses, and concerns about how much new employees would really contribute to the bottom line.
Such is the reality of the modern job market. Padded government statistics may have you believe otherwise, but we certainly aren't seeing any signs of renewed hiring at the corporate level. In fact, layoffs seem to still be the norm among Fortune 500 companies. This trend of doing "more with less" is hard for companies to shed, so in my opinion, real-world employment will remain a concern for quite some time.
As always, we'll be sure to keep Dividend.com Premium subscribers updated about the potential investment ramifications that are bound to come along with these economic shifts.
Dividend Investing Does Not Require a Special Talent
I firmly believe that everyone possesses the ability to improve their financial situation. History is full of rags-to-riches success stories, and the formula is pretty simple, really: buy income-producing assets, build a great business or service, or become an innovator in your field.
If you live within your means and your career starts on the low end of the pay scale, then keep a tight lid on your living expenses. Select a place you can afford to live and forgo some of the material possessions you don't yet need. That's called sacrifice, and almost anyone who has built themselves a fortune will point to many sacrifices along the way as key factors in their success. Whether you're forgoing some of the latest fashions or gadgets, or simply working extra long hours, the road to success is paved with sacrifice.
Finding the right strategy for investing is also essential. Of course, we feel that dividend investing the best possible avenue for the vast majority of all people out there. Once you've come up with an investing game plan, putting what you've learned into practice is the second step. We advocate investors develop a monthly system of putting money to work in their brokerage accounts. Automate this process as best you can, so you remove any mental barriers. Embrace investing as a constant learning process. Be willing to keep an eye on what your investments are doing. Staying in the loop is an integral part of growing your money.
Just dabbling in the markets will not get you to where you need to be. Develop a routine and stick with it! If you have a habit of jumping in and out of the markets, dividend investing is the best remedy for that affliction. You'll gain a new perspective on long-term investing and the power of compound interest.
Dividend investing does not require a special talent, education level, years of experience, luck, or much money either. It simply requires a commitment from you as an investor that to keep consistently put money to work in the best ideas available (that would be from our Best Dividend Stocks List ). It's that simple!
2011 Was a Big Year for the Dividend.com Family of Income Investors!
It is always great to see the media tip their hat to what has been a great year for dividend-paying stocks. We've been seeing several major media outlets publishing articles about how dividends were a big investing theme in 2011 and likely remain so in 2012.
The truth is that we tend to see solid years more often than not in the dividend world, but the business media focuses their attention instead on the high-risk momentum action. Only in times of extreme duress does the media seem to focus on our dividend niche. Regardless, we won't be distracted from our job of finding the best dividend names to put fresh capital into.
I'd like to thank all our Dividend.com Premium subscribers and daily newsletter (nearing 35K!) readers for helping spread the word about our service and being part of the Dividend.com family of investors. It means a lot to us, and telling friends and loved ones about Dividend.com is the best possible gift you can give to us.
Our Beat The Markets with Dividend Stocks eBook Has Arrived!
We just debuted our brand new 275-page eBook, exclusively on Dividend.com! In this digital-only book, we look ahead to 2012 and the main factors that could affect dividend investors. A $39.95 value, the eBook is a free download for paid Dividend.com Premium subscribers.
Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. It's a great way to get prepared for your investing next year! So head over to the Dividend.com Premium homepage now to download your copy.
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.
|
The markets took quite a turn this afternoon, and it was led by the fall in Apple ( AAPL ) shares you can say (More on Apple comments I made in today's mid-day newsletter below). We had a decent number of earnings reports out today. On the flipside, earnings results were not quite good enough for investors of Deere & Co. ( DE ) ( report here ) or Weight Watchers ( WTW ) ( results here ), as both names ended in the red.
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We advocate investors develop a monthly system of putting money to work in their brokerage accounts. 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. The markets took quite a turn this afternoon, and it was led by the fall in Apple ( AAPL ) shares you can say (More on Apple comments I made in today's mid-day newsletter below).
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It simply requires a commitment from you as an investor that to keep consistently put money to work in the best ideas available (that would be from our Best Dividend Stocks List ). Beat The Markets with Dividend Stocks contains a full economic forecast for 2012, including in-depth analysis on 65 of the biggest dividend stocks out there. 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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It simply requires a commitment from you as an investor that to keep consistently put money to work in the best ideas available (that would be from our Best Dividend Stocks List ). The markets took quite a turn this afternoon, and it was led by the fall in Apple ( AAPL ) shares you can say (More on Apple comments I made in today's mid-day newsletter below). We had a decent number of earnings reports out today.
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2012-02-13 00:00:00 UTC
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Zacks Earnings Preview: EOG Resources, Deere, Ventas, Avon Products and Host Hotels - Press Releases
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https://www.nasdaq.com/articles/zacks-earnings-preview-eog-resources-deere-ventas-avon-products-and-host-hotels-press
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For Immediate Release
Chicago, IL - February 13, 2012 - Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes EOG Resources ( EOG ), Deere ( DE ), Ventas ( VTR ), Avon Products ( AVP ) and Host Hotels ( HST ). To see more earnings analysis, visit http://at.zacks.com/?id=3207 .
Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=3567 .
Housing and Inflation in the Spotlight
Earnings season will be still going on this next week. 422 firms are scheduled to report, and 50 of those are members of the S&P 500. By the end of the week we will be over 80% done with earnings season.
It will also be a busy week for economic data. Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels.
Potential Positive or Negative Surprises
The best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. Similarly, a recent history of earnings disappointments, cuts in the average estimate for the quarter in the month before the report is due and a poor Zacks Rank (#4 or #5) are often red flags pointing to a potential disappointing earnings report.
Potential Positive Surprises:
EOG Resources ( EOG ) is expected to earn $0.86, up from $0.36 a year ago. Last time out, it had a positive surprise of 2.47%, and over the last four weeks analysts have raised their estimates for the quarter by 5.84%. EOG is a Zacks #2 Rank stock.
Deere ( DE ) is expected to earn $1.23, up from $1.20 a year ago. Last time out, it had a positive surprise of 12.50%, and over the last four weeks analysts have raised their estimates for the quarter by 0.54%. DE is a Zacks #2 Rank stock.
Ventas ( VTR ) is expected to earn $0.89, up from $0.77 a year ago. Last time out, it had a positive surprise of 8.64%, and over the last four weeks analysts have raised their estimates for the quarter by 0.26%. VTR is a Zacks #2 Rank stock.
Potential Negative Surprises:
Avon Products ( AVP ) is expected to earn $0.51, down from $0.59 a year ago. Last time out, it had a negative surprise of 17.39%, and over the last four weeks analysts have cut their estimates for the quarter by 1.82%. AVP is a Zacks #4 Rank stock.
Host Hotels ( HST ) is expected to earn $0.30, up from $0.26 a year ago. Last time out, it had a negative surprise of 5.88%, and over the last four weeks analysts have slashed their estimates for the quarter by 0.39%. HST is a Zacks #4 Rank stock.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (+3% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=4988 .
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros by going to http://at.zacks.com/?id=3568 .
Follow us on Twitter: http://twitter.com/zacksresearch
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.Zacks.com
AVON PRODS INC ( AVP ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
EOG RES INC ( EOG ): Free Stock Analysis Report
HOST HOTEL&RSRT ( HST ): Free Stock Analysis Report
VENTAS INC ( VTR ): 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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Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels. This week's list includes EOG Resources ( EOG ), Deere ( DE ), Ventas ( VTR ), Avon Products ( AVP ) and Host Hotels ( HST ). Deere ( DE ) is expected to earn $1.23, up from $1.20 a year ago.
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This week's list includes EOG Resources ( EOG ), Deere ( DE ), Ventas ( VTR ), Avon Products ( AVP ) and Host Hotels ( HST ). Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com AVON PRODS INC ( AVP ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EOG RES INC ( EOG ): Free Stock Analysis Report HOST HOTEL&RSRT ( HST ): Free Stock Analysis Report VENTAS INC ( VTR ): Free Stock Analysis Report To read this article on Zacks.com click here. Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels.
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Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com AVON PRODS INC ( AVP ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EOG RES INC ( EOG ): Free Stock Analysis Report HOST HOTEL&RSRT ( HST ): Free Stock Analysis Report VENTAS INC ( VTR ): Free Stock Analysis Report To read this article on Zacks.com click here. This week's list includes EOG Resources ( EOG ), Deere ( DE ), Ventas ( VTR ), Avon Products ( AVP ) and Host Hotels ( HST ). Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels.
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DE is a Zacks #2 Rank stock. Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com AVON PRODS INC ( AVP ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EOG RES INC ( EOG ): Free Stock Analysis Report HOST HOTEL&RSRT ( HST ): Free Stock Analysis Report VENTAS INC ( VTR ): Free Stock Analysis Report To read this article on Zacks.com click here. This week's list includes EOG Resources ( EOG ), Deere ( DE ), Ventas ( VTR ), Avon Products ( AVP ) and Host Hotels ( HST ).
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cf4cceb7-a7a8-4949-ad8e-7c0abff27a69
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723166.0
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2012-02-10 00:00:00 UTC
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Housing and Inflation in the Spotlight - Earnings Preview
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https://www.nasdaq.com/articles/housing-and-inflation-spotlight-earnings-preview-2012-02-10
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Earnings Preview 2/10/12
Earnings season will be still going on this next week. 422 firms are scheduled to report, and 50 of those are members of the S&P 500. By the end of the week we will be over 80% done with earnings season.
Many large and significant companies will be reporting this week. They include: Applied Materials ( AMAT ), Apache ( APA ), CBS ( CBS ), Deere ( DE ), Devon Energy ( DVN ), Duke Energy ( DUK ), Masco ( MAS ) and Met Life ( MET ).
It will also be a busy week for economic data. Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels.
Monday
Nothing of particular significance.
Tuesday
Retail Sales are expected to jump by 0.8% after they rose a disappointing 0.1% in December. This is a very broad measure of consumer activity, not just spending at the mall. Some of the strength is likely to come from the strong Auto sales we saw in January (already announced by the Automakers). Excluding Autos, sales are expected to rise 0.5% after a decline of 0.2% last month. The biggest part of the decline though was at gas stations, and reflected lower gasoline prices, which is a good thing. Look at the more discretionary types of consumer spending, such as Electronics and Furniture, for a gauge of the health and attitudes of the consumers.
Wednesday
The Empire State manufacturing index, the first of the regional "mini ISM's," is expected to rise to 14.0 from 13.5. Any reading over 0.0 indicates that the manufacturing sector in New York State is expanding. Thus it is expected to show robust and slightly accelerating growth.
Industrial Production is expected to rise by 0.6% in January, up from a 0.4% rise in December. This measures the output not only of the nation's factories but its Utilities and Mines as well. Output for utilities is often as much a function of the weather as it is of economic activity. Thus it is useful to look at the change in manufacturing output as well as the change in total industrial production. In December, factory output climbed by 0.9% and the overall output was restrained by a 2.7% plunge in utility output, mostly reflecting a very mild winter.
The same report is also expected to show that overall capacity utilization has climbed to 77.6% from 78.1% in December and 77.8% in November. As with industrial production, the total capacity utilization figures can be distorted by the utilities and the weather. The utilization of the nation's power plants was at an all-time low (since the late 1960's) last month. Factory utilization, which normally runs lower than total utilization, was 75.9% in December, up from 75.3% in November.
The National Association of Homebuilders index is expected to show less despair among the homebuilders. The index is expected to rise to 26 for its fourth straight monthly increase. However, any reading under 50 still indicates that the builders see conditions as poor. Thus, even though they are no longer about to slit their wrists, the homebuilders are not exactly upbeat.
The Federal Reserve will release the minutes to its most recent open market committee meeting. This should provide some light on the thinking that went into its commitment to keep short-term rates at ultra-low levels through the end of 2014, rather than just through mid-2013 as it had previously promised.
Thursday
Weekly Initial Claims for Unemployment Insurance fell by 15,000 to 358,000 last week. The consensus is looking for a slight rebound to 365,000. The drop in weekly claims well below the key 400,000 level was the first clue that the jobs situation was getting significantly better. If they fall again it would be a powerful sign that the momentum is continuing. The big seasonal adjustments are all in the rear view mirror, so last week's level is probably about right, but we have recently seen a lot of volatility in the weekly numbers. Thus the four-week average is the thing to focus on (at 366,250 last week). Keep an eye on the prior week's revision as well as the change from the revised number.
Continuing Jobless Claims have been in a downtrend of late, but the road down has been bumpy. Last week they rose by 64,000 to 3.515 million. That is down 421,000, or 10.7% from a year ago. The consensus is looking for a dip to 3.505 million. Some (most?) of the longer-term decline is due to people simply exhausting their regular state benefits, which run out after 26 weeks. Those, however, don't last forever either. Federally paid extended claims rose by 18,000 to 3.501 million last week and are down 1.091 million, or 23.8% over the last year. Looking at just the regular continuing claims numbers is a serious mistake. They only include a little over half of the unemployed now, given the unprecedentedly high duration of unemployment figures. A better measure is the total number of people getting unemployment benefits -- currently at 7.663 million. The total number of people getting benefits is now 1.699 million below year-ago levels. What is not known is how many people have left the extended claims via the road to prosperity -- finding a new job -- and how many have left on the road to poverty, having simply exhausted even the extended benefits. Unless the program is renewed, all extended benefits will end at the start of March. Make sure to look at both sets of numbers! Many of the press reports will not, but we will here at Zacks.
Housing Starts are expected to rise to an annual rate of 670,000 from 657,000 in December. While housing starts have been trending up in recent months, they are doing so from extremely depressed levels. Most of the increase has come from the extremely volatile apartment and condo sector. The very low level of housing starts has been one of the key reasons why this recovery has been relatively anemic. If we do get a sustained rebound in residential investment this year, economic growth is likely to be far better than most people now expect.
The best leading indicator of starts is Building Permits. They are expected to dip to an annual rate of 675,000 from 679,000 in December.
The Producer Price Index (PPI) is expected to rise by 0.3% after falling by 0.1% in December. Much of that increase will be due to a rebound in oil prices, as the drop last month was largely due to dropping oil prices in December. Stripping out the volatile food and energy parts of the index, the core PPI is expected to rise just 0.1%, down from a 0.3% rise last month. Those are the numbers for finished goods. The report will also provide data on prices further up the food chain as well, which help forecast the likely direction of inflation in the near future.
The Philly Fed index, another of the regional "mini ISM's," is expected to rise to 10.0 from 7.3 in January. Like the Empire State index, any reading over zero indicates expansion of factory activity in the Mid Atlantic region. The solid expansion last month is expected to accelerate.
Friday
The Consumer Price Index is expected to rise by 0.3% after having been unchanged last month. Higher gasoline prices are expected to be the main culprit in the acceleration of inflation. The core CPI (ex-food and energy) is expected to rise 0.2% after being up just 0.1% last month. Inflation has not been a major problem for the economy, and I do expect it to be one in the near to medium term.
The index of Leading Economic Indicators is expected to rise by 0.5% on top of a 0.4% rise in December.
Potential Positive or Negative Surprises
The best indicators of firms likely to report positive surprises are a recent history of positive surprises and rising estimates going into the report. The Zacks Rank is also a good indicator of potential surprises. Similarly, a recent history of earnings disappointments, cuts in the average estimate for the quarter in the month before the report is due and a poor Zacks Rank (#4 or #5) are often red flags pointing to a potential disappointing earnings report.
In the Earnings Calendar below, $999.00 should be read as N.A.
Potential Positive Surprises:
EOG Resources ( EOG ) is expected to earn $0.86, up from $0.36 a year ago. Last time out, it had a positive surprise of 2.47%, and over the last four weeks analysts have raised their estimates for the quarter by 5.84%. EOG is a Zacks #2 Rank stock.
Deere ( DE ) is expected to earn $1.23, up from $1.20 a year ago. Last time out, it had a positive surprise of 12.50%, and over the last four weeks analysts have raised their estimates for the quarter by 0.54%. DE is a Zacks #2 Rank stock.
Ventas ( VTR ) is expected to earn $0.89, up from $0.77 a year ago. Last time out, it had a positive surprise of 8.64%, and over the last four weeks analysts have raised their estimates for the quarter by 0.26%. VTR is a Zacks #2 Rank stock.
Potential Negative Surprises:
Avon Products ( AVP ) is expected to earn $0.51, down from $0.59 a year ago. Last time out, it had a negative surprise of 17.39%, and over the last four weeks analysts have cut their estimates for the quarter by 1.82%. AVP is a Zacks #4 Rank stock.
Host Hotels ( HST ) is expected to earn $0.30, up from $0.26 a year ago. Last time out, it had a negative surprise of 5.88%, and over the last four weeks analysts have slashed their estimates for the quarter by 0.39%. HST is a Zacks #4 Rank stock.
Progress Energy ( PGN ) is expected to earn $0.52, up from $0.45 a year ago. Last time out, it had a negative surprise of 6.45%, and over the last four weeks analysts have cut their estimates for the quarter by 0.69%. PGN is a Zacks #4 Rank stock.
Earnings Calendar
APPLD MATLS INC ( AMAT ): Free Stock Analysis Report
APACHE CORP ( APA ): Free Stock Analysis Report
CBS CORP ( CBS ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
DEVON ENERGY ( DVN ): 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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Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels. The biggest part of the decline though was at gas stations, and reflected lower gasoline prices, which is a good thing. of the longer-term decline is due to people simply exhausting their regular state benefits, which run out after 26 weeks.
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They include: Applied Materials ( AMAT ), Apache ( APA ), CBS ( CBS ), Deere ( DE ), Devon Energy ( DVN ), Duke Energy ( DUK ), Masco ( MAS ) and Met Life ( MET ). Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels. Earnings Calendar APPLD MATLS INC ( AMAT ): Free Stock Analysis Report APACHE CORP ( APA ): Free Stock Analysis Report CBS CORP ( CBS ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEVON ENERGY ( DVN ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings Calendar APPLD MATLS INC ( AMAT ): Free Stock Analysis Report APACHE CORP ( APA ): Free Stock Analysis Report CBS CORP ( CBS ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report DEVON ENERGY ( DVN ): Free Stock Analysis Report To read this article on Zacks.com click here. They include: Applied Materials ( AMAT ), Apache ( APA ), CBS ( CBS ), Deere ( DE ), Devon Energy ( DVN ), Duke Energy ( DUK ), Masco ( MAS ) and Met Life ( MET ). Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels.
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They include: Applied Materials ( AMAT ), Apache ( APA ), CBS ( CBS ), Deere ( DE ), Devon Energy ( DVN ), Duke Energy ( DUK ), Masco ( MAS ) and Met Life ( MET ). Key reports include Retail Sales, Industrial Production, two regional "mini ISM's," Housing Starts and inflation -- both on the Producer and the Consumer levels. Tuesday Retail Sales are expected to jump by 0.8% after they rose a disappointing 0.1% in December.
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723167.0
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2012-02-08 00:00:00 UTC
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AGCO Reports Strong Quarter - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agco-reports-strong-quarter-analyst-blog-2012-02-08
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AGCO Corporation ( AGCO ) has reported fiscal 2011 fourth quarter results, delivering an adjusted EPS of $1.44 versus 88 cents in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $1.33.
Including the net effect of tax gain and acquisition expenses of $1.46 associated with the GSI acquisition, EPS stood at $2.90 in the reported quarter. This was more than three times the 87 cents in the year-ago quarter, which included restructuring expenses of 1 cent.
Total revenue in the reported quarter increased 16% year over year to $2.5 billion driven by strong global demand for agricultural equipment. Revenue was on par with the Zacks Consensus Estimate. Included in the sales was an unfavorable currency translation impact of 2.1%, excluding which sales increased 18.3% in the quarter.
The North American region reported a 29.3% improvement in sales to $598.7 million, while sales in South America increased 1.9% to $448.5 million. The EAME region reported a 13.6% increase to $1.35 billion. Sales in rest of the world increased 55.1% to $123.3 million.
Costs and Margins
Cost of goods sold increased 13% to $1994 million in the reported quarter. Gross profit soared to $524.1 million from $409.2 million in the prior-year quarter reflecting increased production in Europe and North America and pricing partially offset by higher material costs. Consequently, gross margins improved 200 basis points year over year to 21%.
Selling, general and administrative expenses also increased to $246.9 million, from $200 million in the year-ago quarter. Adjusted operating income upped 29% to $185.7 million from $143.5 million in the year-earlier quarter due to higher sales and improved gross margins. Operating margins expanded by 80 basis points year over year to 7.4%.
Fiscal 2011 Performance
AGCO reported adjusted EPS of $4.48 compared with $2.32 in the prior year, ahead of the Zacks Consensus Estimate of $4.37. Including restructuring and other infrequent income and the one-time GSI acquisition items, EPS was $5.95 in fiscal 2011 compared with $2.29 in the prior year. Revenues increased 25% to $8.73 billion missing the Zacks Consensus Estimate of $8.79 billion.
Financial Position
As of December 31, 2011, cash and cash equivalents increased to $724.4 million from $719.9 million as of December 31, 2010. Cash from operations for 2011 improved drastically to $725.9 million from $438.7 million in 2010. As of December 31, 2011, the debt-to-capitalization ratio was 32.9% compared with 14.3% as of December 31, 2010.
Outlook
The company expects tight supplies of soft commodities will support farm income and boost equipment demand. Net sales and EPS are expected to be above $10 billion and $5.00, respectively.
Our Take
The recent GSI acquisition will propel farm equipment maker AGCO into the grain storage and livestock industries. This endeavor is integral to its new vision of expanding its product offerings and entering new markets. AGCO emerged in the early 1990s through a spree of acquisitions and after a lull of acquisition related activities the company is again looking for fresh targets to grow and expand.
GSI gives AGCO strong positions in the grain storage and protein production segments and gives it a baseline for future growth beyond its core farm equipment business. Furthermore, with GSI's 71% revenue coming from North America compared to AGCO's 22% in North America, the deal will expand AGCO's presence in this market.
With a full product line of farm equipment and a wide network of dealers and distributors, we believe AGCO is well positioned, over the long term, to capitalize on the need for increased food production, driven by worldwide population growth.
Moreover, the company is also looking forward to expanding its operations in high-growth emerging markets, which bodes well for future operating performance. We currently have a Zacks #1 Rank (short-term Strong Buy recommendation) on the stock.
AGCO Corporation is a leading manufacturer and distributor of agricultural equipment and related replacement parts. Its product line is categorized under five groups: tractors, replacement parts, combines, application equipment/sprayers and other machinery.
The company operates in four geographical segments: Europe/Africa/Middle East (EAME), South America, North America and Asia-Pacific. AGCO competes with CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ).
AGCO CORP ( AGCO ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): 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 Corporation ( AGCO ) has reported fiscal 2011 fourth quarter results, delivering an adjusted EPS of $1.44 versus 88 cents in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $1.33. This was more than three times the 87 cents in the year-ago quarter, which included restructuring expenses of 1 cent. Total revenue in the reported quarter increased 16% year over year to $2.5 billion driven by strong global demand for agricultural equipment.
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Total revenue in the reported quarter increased 16% year over year to $2.5 billion driven by strong global demand for agricultural equipment. AGCO competes with CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ). AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here.
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AGCO Corporation ( AGCO ) has reported fiscal 2011 fourth quarter results, delivering an adjusted EPS of $1.44 versus 88 cents in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $1.33. AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report To read this article on Zacks.com click here. This was more than three times the 87 cents in the year-ago quarter, which included restructuring expenses of 1 cent.
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Total revenue in the reported quarter increased 16% year over year to $2.5 billion driven by strong global demand for agricultural equipment. AGCO Corporation ( AGCO ) has reported fiscal 2011 fourth quarter results, delivering an adjusted EPS of $1.44 versus 88 cents in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $1.33. This was more than three times the 87 cents in the year-ago quarter, which included restructuring expenses of 1 cent.
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723168.0
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2012-01-24 00:00:00 UTC
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
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https://www.nasdaq.com/articles/zacks-1-rank-additions-for-tuesday-tale-of-the-tape-2012-01-24
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
Bank of Kentucky Financial ( BKYF )
DaVita Inc ( DVA )
Deere & Co ( DE )
DSW Inc ( DSW )
Fidelity Southern ( LION )
View the entire Zacks #1 Rank List .
DEERE & CO ( DE ): Free Stock Analysis Report
DSW INC CL-A ( DSW ): Free Stock Analysis Report
DAVITA INC ( DVA ): Free Stock Analysis Report
FIDELITY SOUTHN ( LION ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bank of Kentucky Financial ( BKYF ) DaVita Inc ( DVA ) Deere & Co ( DE ) DSW Inc ( DSW ) Fidelity Southern ( LION ) View the entire Zacks #1 Rank List . DEERE & CO ( DE ): Free Stock Analysis Report DSW INC CL-A ( DSW ): Free Stock Analysis Report DAVITA INC ( DVA ): Free Stock Analysis Report FIDELITY SOUTHN ( LION ): 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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bank of Kentucky Financial ( BKYF ) DaVita Inc ( DVA ) Deere & Co ( DE ) DSW Inc ( DSW ) Fidelity Southern ( LION ) View the entire Zacks #1 Rank List . DEERE & CO ( DE ): Free Stock Analysis Report DSW INC CL-A ( DSW ): Free Stock Analysis Report DAVITA INC ( DVA ): Free Stock Analysis Report FIDELITY SOUTHN ( LION ): 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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bank of Kentucky Financial ( BKYF ) DaVita Inc ( DVA ) Deere & Co ( DE ) DSW Inc ( DSW ) Fidelity Southern ( LION ) View the entire Zacks #1 Rank List . DEERE & CO ( DE ): Free Stock Analysis Report DSW INC CL-A ( DSW ): Free Stock Analysis Report DAVITA INC ( DVA ): Free Stock Analysis Report FIDELITY SOUTHN ( LION ): 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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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Bank of Kentucky Financial ( BKYF ) DaVita Inc ( DVA ) Deere & Co ( DE ) DSW Inc ( DSW ) Fidelity Southern ( LION ) View the entire Zacks #1 Rank List . DEERE & CO ( DE ): Free Stock Analysis Report DSW INC CL-A ( DSW ): Free Stock Analysis Report DAVITA INC ( DVA ): Free Stock Analysis Report FIDELITY SOUTHN ( LION ): 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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2012-01-12 00:00:00 UTC
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Zacks Industry Rank Analysis Highlights: Caterpillar and Deere - Press Releases
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https://www.nasdaq.com/articles/zacks-industry-rank-analysis-highlights-caterpillar-and-deere-press-releases-2012-01-12
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For Immediate Release
Chicago, IL - January 12, 2012 - Stocks featured in this week's Zacks Industry Rank analysis include Caterpillar ( CAT ) and Deere ( DE ).
Zacks Industry Rank Analysis is written by Dirk Van Dijk, CFA, Chief Equity Strategist, Zacks.com.
Machinery Running Smoothly
There are five separate Machinery "industries" that make the top 40 of Zacks' 258 Industries. The best performing of them is the smallest by number of companies: The Industrial Automation/Robotics Industry, in 13th place -- representing an improvement of 8 spots since last week. Its average Zacks Rank is 2.25, down (a good thing) from 2.50 last week.
The next best is the Machine Tools Industry, with seven members and in 20th place -- slipping six spots from last week as its average rank rose to 2.43 from 2.29. The Farm Machinery Industry also has seven members in it, and come in 30th place, a four spot improvement. Its average rank was unchanged at 2.57.
The largest of the five groups by far is the General Industrial Machinery group with 38 firms in it. It is in 38th place, an 8-spot deterioration as the average rank increased to 2.61 from 2.45. Filling out the group is Construction and Mining Machinery, an eight member group in 40th place, a huge improvement of 128 spots as the average rank plunged to 2.63 from 3.13.
If the Zacks Ranks were distributed randomly, one would expect that only 5% of the members of these "industries" would earn the coveted Zacks #1 Rank (Strong Buy). Instead, 11 of the 64 (17.3%) have earned that distinction. If it were random, only 15% would hold Zacks #2 Ranks (Buy) but actually 10, or 15.6%, hold it.
Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
The valuations are for the most part reasonable, and while I don't show the FY2 over FY1 growth on the tables, you can get a good idea of it by looking at how much lower the P/E for next year is relative to the P/E for this year. Most are expecting solid, but not spectacular growth, and you are paying a reasonable price for those earnings. Not rock bottom for the most part, but very reasonable.
Most are seeing big increases in their estimates for both this year and next. However, just as a word of warning, the smaller firms tend to be thinly covered, so an individual analyst raising his or her numbers for the firm has a much bigger impact on the mean estimate than is the case with the big well-covered companies. Many of the firms pay at least some dividend, but most of the yields are relatively low.
Zacks " Profit from the Pros " e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2564 .
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=2565 .
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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.Zacks.com
CATERPILLAR INC ( CAT ): 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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For Immediate Release Chicago, IL - January 12, 2012 - Stocks featured in this week's Zacks Industry Rank analysis include Caterpillar ( CAT ) and Deere ( DE ). It is in 38th place, an 8-spot deterioration as the average rank increased to 2.61 from 2.45. Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
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For Immediate Release Chicago, IL - January 12, 2012 - Stocks featured in this week's Zacks Industry Rank analysis include Caterpillar ( CAT ) and Deere ( DE ). Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report To read this article on Zacks.com click here. It is in 38th place, an 8-spot deterioration as the average rank increased to 2.61 from 2.45.
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For Immediate Release Chicago, IL - January 12, 2012 - Stocks featured in this week's Zacks Industry Rank analysis include Caterpillar ( CAT ) and Deere ( DE ). It is in 38th place, an 8-spot deterioration as the average rank increased to 2.61 from 2.45. Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
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For Immediate Release Chicago, IL - January 12, 2012 - Stocks featured in this week's Zacks Industry Rank analysis include Caterpillar ( CAT ) and Deere ( DE ). It is in 38th place, an 8-spot deterioration as the average rank increased to 2.61 from 2.45. Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
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2012-01-11 00:00:00 UTC
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Machinery Running Smoothly - Zacks Industry Rank Analysis
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Industry Rank Analysis 01-11-12
Spending by businesses on Equipment and Software has been one of the strongest forces driving the recovery so far. The U.S. seems to be experiencing a bit of a manufacturing Renaissance, but still has a very long way to go before manufacturing is anywhere near as big a part of output and employment as it was 30 years ago.
Most of the improvement is probably just cyclical, but the pick up in this cycle has been much stronger for manufacturing than it had been in the previous two recoveries. The domestic economy is gaining steam, with just 0.4% growth in the first quarter, 1.3% in the second, and 1.8% in the third. The consensus is that growth accelerated to over 2.5% in the fourth quarter. The Machinery Industry is a natural beneficiary of this.
Zacks Industry Classifications
The Zacks industry classifications are very fine, with 258 different industries tracked. It is not particularly noteworthy if a single small industry shows up doing well, a single firm with good news can propel a one or two firm industry to the top (or bottom) of the charts.
It is interesting when you see a cluster of similar industries at the top of the list. The same holds true for the bottom of the list. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry."
Where Machinery Is Working
There are five separate Machinery "industries" that make the top 40. The best performing of them is the smallest by number of companies: The Industrial Automation/Robotics Industry, in 13th place -- representing an improvement of 8 spots since last week. Its average Zacks Rank is 2.25, down (a good thing) from 2.50 last week.
The next best is the Machine Tools Industry, with seven members and in 20th place -- slipping six spots from last week as its average rank rose to 2.43 from 2.29. The Far Machinery Industry also has seven members in it, and come in 30th place, a four spot improvement. Its average rank was unchanged at 2.57.
The largest of the five groups by far is the General Industrial Machinery group with 38 firms in it. It is in 38th place, an 18-spot deterioration as the average rank increased to 2.61 from 2.45. Filling out the group is Construction and Mining Machinery, an eight member group in 40th place, a huge improvement of 128 spots as the average rank plunged to 2.63 from 3.13.
If the Zacks Ranks were distributed randomly, one would expect that only 5% of the members of these "industries" would earn the coveted Zacks #1 Rank (Strong Buy). Instead, 11 of the 64 (17.3%) have earned that distinction. If it were random, only 15% would hold Zacks #2 Ranks (Buy) but actually 10, or 15.6%, hold it.
Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
The valuations are for the most part reasonable, and while I don't show the FY2 over FY1 growth on the tables, you can get a good idea of it by looking at how much lower the P/E for next year is relative to the P/E for this year. Most are expecting solid, but not spectacular growth, and you are paying a reasonable price for those earnings. Not rock bottom for the most part, but very reasonable.
Most are seeing big increases in their estimates for both this year and next. However, just as a word of warning, the smaller firms tend to be thinly covered, so an individual analyst raising his or her numbers for the firm has a much bigger impact on the mean estimate than is the case with the big well-covered companies. Many of the firms pay at least some dividend, but most of the yields are relatively low.
Number 1 Ranked Firms
Number 2 Ranked Firms
In evaluating the Zacks Industry Ranks, you want to see two things: a good overall score (low, meaning more Zacks #1 and #2 Ranked stocks than #4 or #5 Ranked stocks) and some improvement the relative position from the prior week. It is also helpful to understand exactly what the Zacks Industry Rank is.
The Zacks Industry Rank is the un-weighted average of the individual Zacks ranks of the firms in that industry. It does not matter if the stock is the 800 lb gorilla that dominates the industry or some very small niche player in the industry -- they have the same influence on the industry rank.
Also, that means that the bigger the industry in terms of number of firms, the less influence any given company has on the industry rank. It also implies that small industries, with just two or three firms, should be the ones found at either the top or the bottom of the list. After all, if there are only two firms in the industry, it is relatively easy to get a Zacks rank of 2.00 (i.e. one with a Zacks Rank of #1 and the other with a #3). Right now, that industry rank would be tied for 6th place among the 255 industries tracked.
The same obviously goes for the bottom of the list as well. If there are 50 firms in the industry, and it ends up at one of the extremes, that means there has to be something pretty significant going on. Thus, I do not always focus on the very highest rated industries, but on the highest rated ones in which there are a large number of firms.
Click here for the Zacks Industry Rank List: http://www.zacks.com/zrank/zrank_inds.php
AGCO CORP ( AGCO ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
EATON CORP ( ETN ): Free Stock Analysis Report
GARDNER DENVER ( GDI ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry." It is in 38th place, an 18-spot deterioration as the average rank increased to 2.61 from 2.45. Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
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Click here for the Zacks Industry Rank List: http://www.zacks.com/zrank/zrank_inds.php AGCO CORP ( AGCO ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EATON CORP ( ETN ): Free Stock Analysis Report GARDNER DENVER ( GDI ): Free Stock Analysis Report To read this article on Zacks.com click here. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry." It is in 38th place, an 18-spot deterioration as the average rank increased to 2.61 from 2.45.
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Click here for the Zacks Industry Rank List: http://www.zacks.com/zrank/zrank_inds.php AGCO CORP ( AGCO ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report EATON CORP ( ETN ): Free Stock Analysis Report GARDNER DENVER ( GDI ): Free Stock Analysis Report To read this article on Zacks.com click here. The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry." It is in 38th place, an 18-spot deterioration as the average rank increased to 2.61 from 2.45.
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The definition of size that matters here is not the total sales or market capitalization but the number of companies in the "industry." It is in 38th place, an 18-spot deterioration as the average rank increased to 2.61 from 2.45. Some of the names on the lists below are large will know household names, such as Caterpillar ( CAT ) and Deere ( DE ), but there are also some very small firms as well.
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2011-12-23 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Potash, CF Industries Holdings, Deere and AGCO - Press Releases
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For Immediate Release
Chicago, IL - December 23, 2011 - Today, Zacks Investment Ideas feature highlights Features: Potash Corporation ( POT ), CF Industries Holdings ( CF ), Deere & Company ( DE ) and AGCO ( AGCO ).
4 Cheap Agriculture Stocks for 2012
After several years of strong earnings growth and skyrocketing share prices, suddenly the agriculture stocks don't look so hot.
The sell off began earlier in 2011 and hasn't stopped. As a result, the fertilizers and the farm equipment manufacturers are now dirt cheap as investors have fled the sector.
What's going on? Didn't we just hear that the emerging market middle class is spending more on food and is adopting the western diet which means higher food prices from here until the end of time?
Supply and Demand Story Still Intact
Nothing has changed in the supply/demand story. Farmers are still running full throttle even though 2011 was a record year for farming income in the United States. The outlook is still very positive for further growth in 2012.
In the farming equipment category, demand is expected to remain strong, especially for high horsepower equipment. Farm-machinery sales are projected to rise between 5% and 10% in 2012.
With the agriculture stocks being beaten down in the last few months, that means this could be an opportunity to buy into the agriculture sector at very attractive levels.
The following four companies have solid earnings with some growth expected in 2012. But they are also extremely cheap, with forward P/Es well under the S&P 500 average of 12.7.
4 Cheap Agriculture Stocks for 2012
1. Potash Corporation ( POT )
Potash is one of the largest fertilizer companies in the world. This Zacks #3 Rank (hold) produces about 20% of the world's potash as well as phosphates and nitrogen.
Forward P/E: 10.9
2011 expected EPS growth: 80%
2012 expected EPS growth: 19%
2. CF Industries Holdings ( CF )
CF Industries is the second largest nitrogen fertilizer maker in the world. This Zacks #2 Rank (buy) is also the third largest publicly traded phosphate producer. With a low single digit P/E, this is the cheapest the stock has been, on a valuation basis, since the Great Recession.
Forward P/E: 6.1
2011 expected EPS growth: 162%
2012 expected EPS growth: 2%
3. Deere & Company ( DE )
Deere manufactures farm and construction equipment in 30 countries worldwide. This Zacks #2 Rank (buy) has been in business since 1837. It just posted a record fiscal 2011. It's bullish on fiscal 2012 as well.
Forward P/E: 9.9
Fiscal 2012 expected EPS growth: 17.2%
Fiscal 2013 expected EPS growth: 6.7%
4. AGCO ( AGCO )
AGCO manufactures agriculture equipment, including tractors, combines, sprayers and forage equipment through distributors in 140 counties. The CEO recently commented that demand is still strong in the emerging markets.
Forward P/E: 9.5
Fiscal 2011 expected EPS growth: 88.4%
Fiscal 2013 expected EPS growth: 13.4%
Feeding the World
Diets and food consumption patterns are changing as the global middle class grows. Yet the agriculture stocks have sold off like no one is going to be eating tomorrow. With valuations as low as they are, the agriculture stocks are a good value buy heading into 2012.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.
Then when changes are discovered, they're applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock picking system; the Zacks Rank, continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter Profit from the Pros. In short, it's your steady flow of profitable ideas GUARANTEED to be worth your time. Get your free subscription to Profit from the Pros at: http://at.zacks.com/?id=7298
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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AGCO CORP ( AGCO ): Free Stock Analysis Report
CF INDUS HLDGS ( CF ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
POTASH SASK ( POT ): 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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For Immediate Release Chicago, IL - December 23, 2011 - Today, Zacks Investment Ideas feature highlights Features: Potash Corporation ( POT ), CF Industries Holdings ( CF ), Deere & Company ( DE ) and AGCO ( AGCO ). 4 Cheap Agriculture Stocks for 2012 After several years of strong earnings growth and skyrocketing share prices, suddenly the agriculture stocks don't look so hot. Supply and Demand Story Still Intact Nothing has changed in the supply/demand story.
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For Immediate Release Chicago, IL - December 23, 2011 - Today, Zacks Investment Ideas feature highlights Features: Potash Corporation ( POT ), CF Industries Holdings ( CF ), Deere & Company ( DE ) and AGCO ( AGCO ). 9339 support@zacks.com http://www.zacks.com AGCO CORP ( AGCO ): Free Stock Analysis Report CF INDUS HLDGS ( CF ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report POTASH SASK ( POT ): Free Stock Analysis Report To read this article on Zacks.com click here. 4 Cheap Agriculture Stocks for 2012 After several years of strong earnings growth and skyrocketing share prices, suddenly the agriculture stocks don't look so hot.
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9339 support@zacks.com http://www.zacks.com AGCO CORP ( AGCO ): Free Stock Analysis Report CF INDUS HLDGS ( CF ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report POTASH SASK ( POT ): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - December 23, 2011 - Today, Zacks Investment Ideas feature highlights Features: Potash Corporation ( POT ), CF Industries Holdings ( CF ), Deere & Company ( DE ) and AGCO ( AGCO ). 4 Cheap Agriculture Stocks for 2012 After several years of strong earnings growth and skyrocketing share prices, suddenly the agriculture stocks don't look so hot.
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4 Cheap Agriculture Stocks for 2012 After several years of strong earnings growth and skyrocketing share prices, suddenly the agriculture stocks don't look so hot. For Immediate Release Chicago, IL - December 23, 2011 - Today, Zacks Investment Ideas feature highlights Features: Potash Corporation ( POT ), CF Industries Holdings ( CF ), Deere & Company ( DE ) and AGCO ( AGCO ). Supply and Demand Story Still Intact Nothing has changed in the supply/demand story.
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2011-12-15 00:00:00 UTC
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The 3 Hottest Sectors for 2012
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Every few months, hedge-fund managers take a fresh look at the economy , trying to figure out key trends that will yield the best returns in the months ahead. Once they complete their analyses, they rotate some money out of sectors that no longer appeal into sectors that provide the freshest upside.
With 2011 winding down, this is a good time for individuals to anticipate where the action will be later this winter, and on into the spring and summer.
To be sure, as I've recently noted , the economic outlook for 2012 doesn't look all that different than 2011. The economy should grow at a modest pace, inflation should remain benign, and the U.S. consumer will likely get a little healthier. But you can sense a slight shift in sentiment as recession fears start to diminish and hopes that we may start to see more solid growth start to build -- at least in 2013 and beyond. This means what worked in 2011 won't necessarily work in 2012.
For example, utility stocks posted solid results this year, rising roughly 15% on average, as they represented safety in a storm. Consumer staples and health care stocks rose about 10%, according to Goldman Sachs. There's no reason to sell these kinds of stocks in 2012, but there's also little reason to expect them to lead the market once again. Instead, here's my sector-focused game plan for 2012.
1. Financials
The crisis in Europe has been especially hard on banking stocks as fears of a Lehman Bros.-like contagion began to build. A typical financial services stock fell roughly 10% this year, but many within the group fell far more sharply. We've discussed the merits of Warren Buffett's favorite bank stock, Wells Fargo (NYSE: WFC ) , but I remain convincedCitigroup (NYSE: C ) represents the best upside in a group that is likely to rotate back into favor in 2012.
Many bank stocks -- including Citigroup, now trade well below tangible book value -- which is reason enough to expect a sector rally when the European crisis recedes. Yet Citigroup's fast-increasing exposure to Latin America and Asia still fails to get much respect on Wall Street. This is bound to change as these foreign operations generate superior returns to those seen in Europe and the United States. By 2013, Citigroup could also be talking about improving operations domestically, as the housing market gets back on its feet.
2. Industrials
This group rebounded nicely from the March 2009 levels, but many key stocks have slipped considerably after peaking this past spring. Stocks such as Deere (NYSE: DE ) and Schlumberger (NYSE: SLB ) have slid 25% from their peaks, even with their long-term outlooks remaining quite bright. Yet for my money, the biggest gap between investor perception and reality can be found among automakers and auto-parts suppliers. These companies emerged from the 2008/2009 economic downturn in far stronger shape, and even though they're well up off the lows seen back then, they're also well below their recent highs.
Auto-parts suppliers such as Lear (NYSE: LEA ) and Magna International (NYSE: MGA ) are 30% to 40% off of their 52-week highs and look awfully tempting trading at seven or eight times projected 2012 profits. Yet two publicly-traded auto stocks may be the biggest bargains of all, trading at even lower multiples. GM (NYSE: GM )represents the biggest value in the group, as its entire operations are assigned zero value after its net cash is excluded from the market capitalization . Ford (NYSE: F ) represents the better operator of the two. Which one appeals the most depends on your investing preference.
3. Consumer discretionary
For the past three years, we've been hearing tales of consumer deleveraging. Millions of Americans have sought to repair their personal balance sheets by paying off credit card loans, shortening vacations and getting a little more use out of old clothes and appliances.
The retrenchment in spending has been partially fueled by fears that the U.S. economy may fall off a cliff. But it's becoming apparent that the worst-case scenarios for the U.S. economy simply won't come to pass. This should, with each passing month, make consumers a little less cautious. Few expect a spending boom in consumer discretionary spending, but even a modest upturn would have an outsized effect for any businesses that operate with high-fixed costs and low-variable costs.
Does thismean consumers will replace aging washing machines and dishwashers? If so, then Whirlpool (NYSE: WHR ) , trading at around six times projected 2011 profits, looks like quite the bargain. Will Mom and Dad treat the kids to a vacation instead of a "stay-cation?" If so, then Disney (NYSE: DIS ) , trading at levels seen back in 1998, may get a solid lift.
For my money, the major airline and hotel stocks stand out as consumer discretionary subsectors with the strongest upside potential. Both of these industries may sell more plane seats and hotel rooms, respectively, so they may be able to boost prices for each seat and room as well -- a double-barreled gain that could greatly enhance profit margins. Delta Airlines (NYSE: DAL ) should fare very well in a slowly-improving economy -- if oil prices don't shoot through the roof. In the lodging space, keep an eye on Starwood Hotels (NYSE: HOT ) , Marriott International (NYSE: MAR ) and lodging REIT Host Hotels (Nasdaq: HOST ) , all of which are well off of their 52-week highs.
Risks to Consider: Right now, the risks start and end with Europe. The U.S. economy appears to be on the mend, but a deep slump in Europe would blunt any momentum we may be seeing here at home .
Action to Take--> Keep your expectations in check. Few of these stocks (outside of Ford, GM andDelta ) appear capable of really big stock price gains in 2012. But all appear poised to deliver respectable 20% or even 30% returns in the coming year if the U.S. economy keeps showing signs of improvement.
-- David Sterman
Disclosure: Neither David Sterman nor StreetAuthority, LLC hold positions in any securities mentioned in this article.
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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Many bank stocks -- including Citigroup, now trade well below tangible book value -- which is reason enough to expect a sector rally when the European crisis recedes. Industrials This group rebounded nicely from the March 2009 levels, but many key stocks have slipped considerably after peaking this past spring. Once they complete their analyses, they rotate some money out of sectors that no longer appeal into sectors that provide the freshest upside.
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Once they complete their analyses, they rotate some money out of sectors that no longer appeal into sectors that provide the freshest upside. The economy should grow at a modest pace, inflation should remain benign, and the U.S. consumer will likely get a little healthier. We've discussed the merits of Warren Buffett's favorite bank stock, Wells Fargo (NYSE: WFC ) , but I remain convincedCitigroup (NYSE: C ) represents the best upside in a group that is likely to rotate back into favor in 2012.
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We've discussed the merits of Warren Buffett's favorite bank stock, Wells Fargo (NYSE: WFC ) , but I remain convincedCitigroup (NYSE: C ) represents the best upside in a group that is likely to rotate back into favor in 2012. Stocks such as Deere (NYSE: DE ) and Schlumberger (NYSE: SLB ) have slid 25% from their peaks, even with their long-term outlooks remaining quite bright. Once they complete their analyses, they rotate some money out of sectors that no longer appeal into sectors that provide the freshest upside.
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Consumer discretionary For the past three years, we've been hearing tales of consumer deleveraging. Once they complete their analyses, they rotate some money out of sectors that no longer appeal into sectors that provide the freshest upside. The economy should grow at a modest pace, inflation should remain benign, and the U.S. consumer will likely get a little healthier.
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2011-12-06 00:00:00 UTC
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Value Stock Picks-Dec. 6, 2011 - Zacks Rank Buys
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DEERE & CO ( DE ): Free Stock Analysis Report
SIGNET GRP PLC ( SIG ): Free Stock Analysis Report
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 & CO ( DE ): Free Stock Analysis Report SIGNET GRP PLC ( SIG ): Free Stock Analysis Report 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 & CO ( DE ): Free Stock Analysis Report SIGNET GRP PLC ( SIG ): Free Stock Analysis Report 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 & CO ( DE ): Free Stock Analysis Report SIGNET GRP PLC ( SIG ): Free Stock Analysis Report 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 & CO ( DE ): Free Stock Analysis Report SIGNET GRP PLC ( SIG ): Free Stock Analysis Report 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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723174.0
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2011-12-02 00:00:00 UTC
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Deere & Company - Value
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Deere & CompanyDE
Sales Jumped 20% in Q4
Outlook for Fiscal 2012
Zacks Consensus Estimates Rise
Shares Have Pulled Back
This Week's Value Zacks Rank Buy Stocks
The Finish Line, Inc.FINL Read the full article.
Genesco Inc.GCO Read the full article.
Goodyear Tire & Rubber CompanyGT Read the full article.
Signet Jewelers LimitedSIG Read the full article.
Tracey Ryniec is the Value Stock Strategist for Zacks.com . She is also the Editor of the Turnaround Trader and Insider Trader services. You can follow her on twitter at traceyryniec .
DEERE & CO ( DE ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Deere & CompanyDE Sales Jumped 20% in Q4 Outlook for Fiscal 2012 Zacks Consensus Estimates Rise Shares Have Pulled Back This Week's Value Zacks Rank Buy Stocks The Finish Line, Inc.FINL Read the full article. DEERE & CO ( DE ): Free Stock Analysis Report 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. She is also the Editor of the Turnaround Trader and Insider Trader services.
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Deere & CompanyDE Sales Jumped 20% in Q4 Outlook for Fiscal 2012 Zacks Consensus Estimates Rise Shares Have Pulled Back This Week's Value Zacks Rank Buy Stocks The Finish Line, Inc.FINL Read the full article. DEERE & CO ( DE ): Free Stock Analysis Report 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. She is also the Editor of the Turnaround Trader and Insider Trader services.
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Deere & CompanyDE Sales Jumped 20% in Q4 Outlook for Fiscal 2012 Zacks Consensus Estimates Rise Shares Have Pulled Back This Week's Value Zacks Rank Buy Stocks The Finish Line, Inc.FINL Read the full article. She is also the Editor of the Turnaround Trader and Insider Trader services. DEERE & CO ( DE ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DEERE & CO ( DE ): Free Stock Analysis Report 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. Deere & CompanyDE Sales Jumped 20% in Q4 Outlook for Fiscal 2012 Zacks Consensus Estimates Rise Shares Have Pulled Back This Week's Value Zacks Rank Buy Stocks The Finish Line, Inc.FINL Read the full article. She is also the Editor of the Turnaround Trader and Insider Trader services.
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2011-12-02 00:00:00 UTC
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Zacks Releases Four Powerful ''Buy'' Stocks: CACI International, PetSmart, Carters, and Deere & Company - Press Releases
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For Immediate Release
Chicago, IL - December 2, 2011 - Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.
The four highlighted picks are: CACI International, Inc ( CACI ), PetSmart, Inc. ( PETM ), Carters, Inc. ( CRI ) and Deere & Company ( DE ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free. http://at.zacks.com/?id=88
From 1988 through the present - a period that included serious corrections and recessions - the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.
Here is a summary of today's selected stocks that are now highly rated by Zacks:
Aggressive Growth - CACI International, Inc ( CACI )
CACI International, Inc. continues to post better than expected earnings and estimates are up sharply. But shares remain a great value as well as a growth story. This Zacks #1 Rank (Strong Buy) is worth revisiting here.
Zacks Guide to Aggressive Growth Investing (free!) - http://at.zacks.com/?id=4309
Growth & Income - PetSmart, Inc. ( PETM )
PetSmart, Inc. has an impressive growth trajectory, which is only improving, giving shares a Zacks #1 Rank (Strong Buy). Additionally, the stock pays a 1.2% dividend.
Zacks Guide to Growth & Income Investing (free!) - http://at.zacks.com/?id=4310
Momentum - Carters, Inc. ( CRI )
Carters, Inc. just surged into a new all-time high after reporting another strong quarter that came in ahead of expectations. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is another momentum pick out of retail.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value - Deere & Company ( DE )
Deere & Company just wrapped up a record year as global farming conditions remained favorable. But shares of this Zacks #2 Rank (buy) stock have sunk in recent months. Deere is now a value stock, with a forward P/E of just 10.
Zacks Guide to Value Investing (free!) - http://at.zacks.com/?id=4312
How to Regularly Access Top Zacks Rank Picks for Free - http://at.zacks.com/?id=7154
Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. from M.I.T. found that "earnings estimate revisions are the most powerful force impacting stock prices." Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.
Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register here: http://at.zacks.com/?id=7155
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms. It monitors more than 200,000 earnings estimates, looking for changes.
Then, when changes are discovered, they're applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.
More Free Stock Picks
Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros . Investors are invited to register for their free subscription here: http://at.zacks.com/?id=91
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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CACI INTL A ( CACI ): Free Stock Analysis Report
CARTERS INC ( CRI ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
PETSMART INC ( PETM ): Free Stock Analysis Report
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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http://at.zacks.com/?id=88 From 1988 through the present - a period that included serious corrections and recessions - the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year. Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn. For Immediate Release Chicago, IL - December 2, 2011 - Four free stock picks are being made available today on Zacks.com.
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The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. The four highlighted picks are: CACI International, Inc ( CACI ), PetSmart, Inc. ( PETM ), Carters, Inc. ( CRI ) and Deere & Company ( DE ). CACI INTL A ( CACI ): Free Stock Analysis Report CARTERS INC ( CRI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report PETSMART INC ( PETM ): Free Stock Analysis Report 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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CACI INTL A ( CACI ): Free Stock Analysis Report CARTERS INC ( CRI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report PETSMART INC ( PETM ): Free Stock Analysis Report 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. For Immediate Release Chicago, IL - December 2, 2011 - Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.
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Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn. CACI INTL A ( CACI ): Free Stock Analysis Report CARTERS INC ( CRI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report PETSMART INC ( PETM ): Free Stock Analysis Report 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. For Immediate Release Chicago, IL - December 2, 2011 - Four free stock picks are being made available today on Zacks.com.
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53d6d484-f931-4658-8348-16a46737b00d
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723176.0
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2011-12-02 00:00:00 UTC
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AGCO Closes GSI Buy - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agco-closes-gsi-buy-analyst-blog-2011-12-02
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nan
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nan
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AGCO Corporation ( AGCO ) has completed the acquisition of GSI Holdings Corp. from affiliates of New York-based Centerbridge Partners, L.P. for $928 million. Assumption, Illinois based GSI Holdings is a leading global manufacturer of grain storage and protein production systems with annual revenues of over $700 million.
In October this year, the company struck a deal to acquire GSI Holdings Corp. A few days back, AGCO had priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition.
As of September 30, 2011, AGCO had cash and cash equivalents of $455.2 million, total debt outstanding of $535.8 million and a debt-to-capitalization ratio of 16%. With this note offering AGCO's debt-to-capitalization ratio increased by approximately 690 basis points.
The GSI acquisition will propel farm equipment maker AGCO into the grain storage and livestock industries. This endeavor is integral to its new vision of expanding its product offerings and entering new markets. AGCO emerged in the early 1990s through a spree of acquisitions and after a lull of acquisition related activities the company is again looking for fresh targets to grow and expand.
GSI gives AGCO strong positions in the grain storage and protein production segments and gives it a baseline for future growth beyond its core farm equipment business. Furthermore, with GSI's 71% revenue coming from North America compared to AGCO's 22% in North America, the deal will expand AGCO's presence in this market.
The transaction is expected to be immediately accretive to earnings and cash flow. With a full product line of farm equipment and a wide network of dealers and distributors, we believe AGCO is well positioned, over the long term, to capitalize on the need for increased food production, driven by worldwide population growth.
Moreover, the company is also looking forward to expanding its operations in high-growth emerging markets, which bodes well for future operating performance. We currently have a Zacks #2 Rank (short-term Buy recommendation) on the stock. We also reiterate our long-term Outperform recommendation.
AGCO Corporation is a leading manufacturer and distributor of agricultural equipment and related replacement parts. Its product line is categorized under five groups: tractors, replacement parts, combines, application equipment/sprayers and other machinery.
The company operates in four geographical segments: Europe/Africa/Middle East (EAME), South America, North America and Asia-Pacific. AGCO competes with the likes of CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ).
AGCO CORP ( AGCO ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report
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 October this year, the company struck a deal to acquire GSI Holdings Corp. A few days back, AGCO had priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition. As of September 30, 2011, AGCO had cash and cash equivalents of $455.2 million, total debt outstanding of $535.8 million and a debt-to-capitalization ratio of 16%. With this note offering AGCO's debt-to-capitalization ratio increased by approximately 690 basis points.
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AGCO competes with the likes of CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ). AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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. In October this year, the company struck a deal to acquire GSI Holdings Corp. A few days back, AGCO had priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition.
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Furthermore, with GSI's 71% revenue coming from North America compared to AGCO's 22% in North America, the deal will expand AGCO's presence in this market. AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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. In October this year, the company struck a deal to acquire GSI Holdings Corp. A few days back, AGCO had priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition.
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Moreover, the company is also looking forward to expanding its operations in high-growth emerging markets, which bodes well for future operating performance. AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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. In October this year, the company struck a deal to acquire GSI Holdings Corp. A few days back, AGCO had priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition.
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3e685a44-50f7-4292-a7bd-84b8681ab8d1
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723177.0
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2011-11-29 00:00:00 UTC
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AGCO Issues Debt to Fund GSI Buy - Analyst Blog
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DE
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https://www.nasdaq.com/articles/agco-issues-debt-to-fund-gsi-buy-analyst-blog-2011-11-29
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nan
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nan
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AGCO Corporation ( AGCO ) has priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition of GSI Holdings Corp.
The notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary closing conditions. The net proceeds are estimated at approximately $297 million after expenses. The notes will be sold to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933.
In October, the company struck a deal to acquire GSI Holdings Corp. from affiliates of New York-based Centerbridge Partners, L.P. for $940 million. Assumption, Illinois based GSI Holdings is a leading global manufacturer of grain storage and protein production systems with annual revenues of over $700 million. The transaction is expected to close this year.
As of September 30, 2011, the company had total debt outstanding of $535.8 million compared with $727.6 million as of June 30, 2011. AGCO's debt-to-capitalization ratio was 16% compared with 19% as of June 30, 2011. With this note offering AGCO's debt-to-capitalization ratio will rise by approximately 690 basis points.
The GSI acquisition will propel farm equipment maker AGCO into the grain storage and livestock industries. This endeavor is integral to its new vision of expanding its product offerings and entering new markets. The company emerged in the early 1990s through a spree of acquisitions and after a lull of acquisition related activities the company is again looking for fresh targets to grow and expand.
GSI gives AGCO strong positions in the grain storage and protein production segments and gives it a baseline for future growth beyond its core farm equipment business. Furthermore, with GSI's 71% revenue coming from North America compared to AGCO's 22% in North America, the deal will expand AGCO's presence in this market.
The transaction is expected to be immediately accretive to earnings and cash flow. Even though the debt offering will increase the company's debt and interest burden, the synergies from the acquisition far outweigh the negatives. With a full product line of farm equipment and a wide network of dealers and distributors, we believe AGCO is well positioned, over the long term, to capitalize on the need for increased food production, driven by worldwide population growth.
Moreover, the company is also looking forward to expanding its operations in high-growth emerging markets, which bodes well for future operating performance. We currently have a Zacks #2 Rank (short-term Buy recommendation) on the stock. We also reiterate our long-term Outperform recommendation.
AGCO Corporation is a leading manufacturer and distributor of agricultural equipment and related replacement parts. Its product line is categorized under five groups: tractors, replacement parts, combines, application equipment/sprayers and other machinery.
The company operates in four geographical segments: Europe/Africa/Middle East (EAME), South America, North America and Asia-Pacific. AGCO competes with the likes of CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ).
AGCO CORP ( AGCO ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report
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 October, the company struck a deal to acquire GSI Holdings Corp. from affiliates of New York-based Centerbridge Partners, L.P. for $940 million. The notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary closing conditions. As of September 30, 2011, the company had total debt outstanding of $535.8 million compared with $727.6 million as of June 30, 2011.
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Furthermore, with GSI's 71% revenue coming from North America compared to AGCO's 22% in North America, the deal will expand AGCO's presence in this market. AGCO competes with the likes of CNH Global NV ( CNH ), Deere & Company ( DE ) and Kubota Corporation ( KUB ). AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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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Furthermore, with GSI's 71% revenue coming from North America compared to AGCO's 22% in North America, the deal will expand AGCO's presence in this market. AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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 notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary closing conditions.
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As of September 30, 2011, the company had total debt outstanding of $535.8 million compared with $727.6 million as of June 30, 2011. AGCO CORP ( AGCO ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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 notes were priced at 100% of par value and the offering is expected to close on December 5, 2011, subject to customary closing conditions.
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007f3625-2d69-4ca9-b886-91b4a46de67b
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723178.0
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2011-11-28 00:00:00 UTC
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Stock Picks: LAD, CBI, DE, TWIN - Roundtable Review
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DE
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https://www.nasdaq.com/articles/stock-picks-lad-cbi-de-twin-roundtable-review-2011-11-28
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nan
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nan
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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
LITHIA MOTORS ( LAD ): Free Stock Analysis Report
TWIN DISC ( TWIN ): Free Stock Analysis Report
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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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25d873e8-00c8-40d4-96e4-179c94fb45a3
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723179.0
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2011-11-28 00:00:00 UTC
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Roundtable Top Picks for Nov 28th - Roundtable Review
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DE
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https://www.nasdaq.com/articles/roundtable-top-picks-nov-28th-roundtable-review-2011-11-28
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nan
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nan
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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
LITHIA MOTORS ( LAD ): Free Stock Analysis Report
TWIN DISC ( TWIN ): Free Stock Analysis Report
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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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CHICAGO BRIDGE ( CBI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report LITHIA MOTORS ( LAD ): Free Stock Analysis Report TWIN DISC ( TWIN ): Free Stock Analysis Report 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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802fbff7-d6a6-4fab-97d8-ce1c6cd61777
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723180.0
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2011-11-25 00:00:00 UTC
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Company News for November 25, 2011 - Corporate Summary
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DE
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https://www.nasdaq.com/articles/company-news-for-november-25-2011-corporate-summary-2011-11-25
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nan
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nan
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• JPMorgan Chase & Co. (NYSE: JPM ) has agreed to acquire MF Global Holdings Ltd's (PINK: MFGLQ ) entire stake in the London Metal Exchange
• Snack maker Diamond Foods (NASDAQ: DMND ) said there was no connection between the death of Joseph Silveira, a member of its audit committee and an ongoing accounting probe
• Share prices of online-coupon provider Groupon Inc. (NASDAQ: GRPN ) plummeted 15.50% to close at $16.96 a share, after the company's shares fell below its IPO price of $20
• Online radio service company Pandora Media Inc.'s (NYSE: P ) share prices declined 11.31% after the company forecasted a fourth quarter loss which exceeded the Street's expectations
• Heavy equipment maker Deere & Co's. (NYSE: DE ) shares advanced 3.89% after the company posted a large rise in fourth-quarter profits
• Share prices of Diana Shipping Co. (NYSE: DSX ) fell 3.02% to close at $7.38 per share after the shipping transportation services company reported a 22% decline in third quarter net income
DEERE & CO ( DE ): Free Stock Analysis Report
DIAMOND FOODS ( DMND ): Free Stock Analysis Report
DIANA SHIPPING ( DSX ): Free Stock Analysis Report
GROUPON INC ( GRPN ): Free Stock Analysis Report
JPMORGAN CHASE ( JPM ): Free Stock Analysis Report
MF GLOBAL HLDGS (MFGLQ): Free Stock Analysis Report
PANDORA MEDIA (P): Free Stock Analysis Report
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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• JPMorgan Chase & Co. (NYSE: JPM ) has agreed to acquire MF Global Holdings Ltd's (PINK: MFGLQ ) entire stake in the London Metal Exchange • Snack maker Diamond Foods (NASDAQ: DMND ) said there was no connection between the death of Joseph Silveira, a member of its audit committee and an ongoing accounting probe • Share prices of online-coupon provider Groupon Inc. (NASDAQ: GRPN ) plummeted 15.50% to close at $16.96 a share, after the company's shares fell below its IPO price of $20 • Online radio service company Pandora Media Inc.'s (NYSE: P ) share prices declined 11.31% after the company forecasted a fourth quarter loss which exceeded the Street's expectations • Heavy equipment maker Deere & Co's. (NYSE: DE ) shares advanced 3.89% after the company posted a large rise in fourth-quarter profits • Share prices of Diana Shipping Co. (NYSE: DSX ) fell 3.02% to close at $7.38 per share after the shipping transportation services company reported a 22% decline in third quarter net income DEERE & CO ( DE ): Free Stock Analysis Report DIAMOND FOODS ( DMND ): Free Stock Analysis Report DIANA SHIPPING ( DSX ): Free Stock Analysis Report GROUPON INC ( GRPN ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report MF GLOBAL HLDGS (MFGLQ): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report 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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• JPMorgan Chase & Co. (NYSE: JPM ) has agreed to acquire MF Global Holdings Ltd's (PINK: MFGLQ ) entire stake in the London Metal Exchange • Snack maker Diamond Foods (NASDAQ: DMND ) said there was no connection between the death of Joseph Silveira, a member of its audit committee and an ongoing accounting probe • Share prices of online-coupon provider Groupon Inc. (NASDAQ: GRPN ) plummeted 15.50% to close at $16.96 a share, after the company's shares fell below its IPO price of $20 • Online radio service company Pandora Media Inc.'s (NYSE: P ) share prices declined 11.31% after the company forecasted a fourth quarter loss which exceeded the Street's expectations • Heavy equipment maker Deere & Co's. (NYSE: DE ) shares advanced 3.89% after the company posted a large rise in fourth-quarter profits • Share prices of Diana Shipping Co. (NYSE: DSX ) fell 3.02% to close at $7.38 per share after the shipping transportation services company reported a 22% decline in third quarter net income DEERE & CO ( DE ): Free Stock Analysis Report DIAMOND FOODS ( DMND ): Free Stock Analysis Report DIANA SHIPPING ( DSX ): Free Stock Analysis Report GROUPON INC ( GRPN ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report MF GLOBAL HLDGS (MFGLQ): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report 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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• JPMorgan Chase & Co. (NYSE: JPM ) has agreed to acquire MF Global Holdings Ltd's (PINK: MFGLQ ) entire stake in the London Metal Exchange • Snack maker Diamond Foods (NASDAQ: DMND ) said there was no connection between the death of Joseph Silveira, a member of its audit committee and an ongoing accounting probe • Share prices of online-coupon provider Groupon Inc. (NASDAQ: GRPN ) plummeted 15.50% to close at $16.96 a share, after the company's shares fell below its IPO price of $20 • Online radio service company Pandora Media Inc.'s (NYSE: P ) share prices declined 11.31% after the company forecasted a fourth quarter loss which exceeded the Street's expectations • Heavy equipment maker Deere & Co's. (NYSE: DE ) shares advanced 3.89% after the company posted a large rise in fourth-quarter profits • Share prices of Diana Shipping Co. (NYSE: DSX ) fell 3.02% to close at $7.38 per share after the shipping transportation services company reported a 22% decline in third quarter net income DEERE & CO ( DE ): Free Stock Analysis Report DIAMOND FOODS ( DMND ): Free Stock Analysis Report DIANA SHIPPING ( DSX ): Free Stock Analysis Report GROUPON INC ( GRPN ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report MF GLOBAL HLDGS (MFGLQ): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report 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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• JPMorgan Chase & Co. (NYSE: JPM ) has agreed to acquire MF Global Holdings Ltd's (PINK: MFGLQ ) entire stake in the London Metal Exchange • Snack maker Diamond Foods (NASDAQ: DMND ) said there was no connection between the death of Joseph Silveira, a member of its audit committee and an ongoing accounting probe • Share prices of online-coupon provider Groupon Inc. (NASDAQ: GRPN ) plummeted 15.50% to close at $16.96 a share, after the company's shares fell below its IPO price of $20 • Online radio service company Pandora Media Inc.'s (NYSE: P ) share prices declined 11.31% after the company forecasted a fourth quarter loss which exceeded the Street's expectations • Heavy equipment maker Deere & Co's. (NYSE: DE ) shares advanced 3.89% after the company posted a large rise in fourth-quarter profits • Share prices of Diana Shipping Co. (NYSE: DSX ) fell 3.02% to close at $7.38 per share after the shipping transportation services company reported a 22% decline in third quarter net income DEERE & CO ( DE ): Free Stock Analysis Report DIAMOND FOODS ( DMND ): Free Stock Analysis Report DIANA SHIPPING ( DSX ): Free Stock Analysis Report GROUPON INC ( GRPN ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report MF GLOBAL HLDGS (MFGLQ): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report 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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9ce9e3ad-fdfa-47dd-b0cf-8b681ad1f824
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723181.0
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2011-11-25 00:00:00 UTC
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Zacks Bull and Bear of the Day Highlights: FTI Consulting, RadioShack, Deere, TiVo and Pandora - Press Releases
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DE
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https://www.nasdaq.com/articles/zacks-bull-and-bear-of-the-day-highlights%3A-fti-consulting-radioshack-deere-tivo-and
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nan
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nan
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For Immediate Release
Chicago, IL - November 25, 2011 - Zacks Equity Research highlights FTI Consulting ( FCN ) as the Bull of the Day and RadioShack Corp. ( RSH ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Deere ( DE ), TiVo ( TIVO ) and Pandora ( P ).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678 .
Here is a synopsis of all five stocks:
Bull of the Day :
FTI Consulting's ( FCN ) third-quarter 2011 earnings surpassed the Zacks Consensus Estimate. The turnaround in the company's Corporate/Restructuring segment, which has been a significant drag on the company since early 2010, remains a key to the company's growth.
Moreover, the company experienced growth across all the segments and in the international market particularly in Latin America and Asia Pacific. FTI results also benefited by addition of LECG professionals, which continues to enhance the company's geographic reach and client base. FTI remains focused on expansion through acquisitions.
Furthermore, the recent completion of the one-brand strategy will enhance its brand recognition. Hence, we upgrade the stock to Outperform from Neutral.
Bear of the Day :
The nightmare of RadioShack Corp. ( RSH ) persists as the company continues its disappointing performance. Precipitous decline of the signature and consumer electronics retail businesses, adverse product-mix toward low-margin devices, and a volatile macro-economic scenario in the U.S. are taking their toll on the company's financials.
Weaker-than-expected growth of the mobile platform and growing marketing expenses are other near-term concerns. Management provided a tepid outlook for the ensuing fourth quarter of 2011.
In the previous quarter, comparable store sales for the company-operated stores and kiosks (those opened at least a year) declined 4% year over year. This is a key retail performance indicator measuring growth from the existing sales locations. We thus downgrade our recommendation on RadioShack to Underperform.
Latest Posts on the Zacks Analyst Blog :
A Cornucopia of Data
Given Thursday's Thanksgiving holiday and the abbreviated trading session on Friday, a lot of major economic releases have been squeezed into today's session. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. This effectively ensures that stocks will sustain the downtrend of the last few days in another low-volume trading session today, bucking the typical favorable market action of the day before Thanksgiving.
In Europe, Germany held a surprisingly less than inspiring auction for its bonds, raising questions that investors may be fleeing from the safest credit in the Euro-zone as well. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds). Bond yields are rising elsewhere in Europe, where new questions are being raised about the bailout of Franco-Belgian bank Dexia. Belgium is reportedly unable to meet its share of the bailout obligations, which will only add to pressures on the French treasury, which is already working hard to protect its triple-A credit rating.
The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. We also have a weak PMI reading out of China today.
Unlike the European situation, the picture in the U.S. is quite favorable. This morning's economic data dump provides a mixed picture, but it is unmistakably more positive than what we had been seeing a couple of months back. The Durable Goods report came in better than expected, while the Personal Income & Outlays reading was a bit on the mixed side, with Personal Income coming ahead while spending came short of expectations. The Initial Jobless Claims numbers were also a tad weaker than expected, increasing by 2K during the week to 393K. But the key thing on the Initial Jobless Claims front is that it remains below the 400K level, which is overall positive.
The takeaway from today's economic releases is that the outlook for the U.S. economy has moved in the recent past beyond the recessionary talk. While this data shows that the economy is clearly not heading towards a recession, it is less than helpful in handicapping the extent of its underlying momentum. And developments on the domestic political front and in Europe do not help in that effort, either.
On the earnings front, we saw Deere ( DE ) come out with better-than-expected results this morning and guided higher. We also have positive results and guidance from TiVo ( TIVO ), the maker of digital video recorders. Pandora ( P ), the online music service, came out with positive quarterly results, but its guidance fell short of expectations.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649 .
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158 .
About Zacks
Zacks.com is a property of Zacks Investment Research , Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank , which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4582 .
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
DEERE & CO ( DE ): Free Stock Analysis Report
FTI CONSULTING ( FCN ): Free Stock Analysis Report
PANDORA MEDIA ( P ): Free Stock Analysis Report
RADIOSHACK CORP ( RSH ): Free Stock Analysis Report
TIVO INC (TIVO): Free Stock Analysis Report
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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Precipitous decline of the signature and consumer electronics retail businesses, adverse product-mix toward low-margin devices, and a volatile macro-economic scenario in the U.S. are taking their toll on the company's financials. In addition, Zacks Equity Research provides analysis on Deere ( DE ), TiVo ( TIVO ) and Pandora ( P ). Hence, we upgrade the stock to Outperform from Neutral.
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In addition, Zacks Equity Research provides analysis on Deere ( DE ), TiVo ( TIVO ) and Pandora ( P ). About the Analyst Blog Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets. 9339 support@zacks.com http://www.zacks.com DEERE & CO ( DE ): Free Stock Analysis Report FTI CONSULTING ( FCN ): Free Stock Analysis Report PANDORA MEDIA ( P ): Free Stock Analysis Report RADIOSHACK CORP ( RSH ): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report 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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About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. 9339 support@zacks.com http://www.zacks.com DEERE & CO ( DE ): Free Stock Analysis Report FTI CONSULTING ( FCN ): Free Stock Analysis Report PANDORA MEDIA ( P ): Free Stock Analysis Report RADIOSHACK CORP ( RSH ): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report 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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About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months. 9339 support@zacks.com http://www.zacks.com DEERE & CO ( DE ): Free Stock Analysis Report FTI CONSULTING ( FCN ): Free Stock Analysis Report PANDORA MEDIA ( P ): Free Stock Analysis Report RADIOSHACK CORP ( RSH ): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report 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. In addition, Zacks Equity Research provides analysis on Deere ( DE ), TiVo ( TIVO ) and Pandora ( P ).
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e7815e6b-ed8e-4739-b827-46e1cb637a40
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723182.0
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2011-11-23 00:00:00 UTC
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Deere Tops Estimates - Analyst Blog
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DE
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https://www.nasdaq.com/articles/deere-tops-estimates-analyst-blog-2011-11-23
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nan
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nan
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Deere & Co. ( DE ) delivered earnings of $1.62 per share in its fourth quarter ended October 31, 2011, comfortably exceeding the Zacks Consensus Estimate of $1.44. Results were 51% ahead of $1.07 earned in the year-ago quarter. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
Operational Update
Deere's worldwide total sales increased 20% year over year to $8.6 billion, beating the Zacks Consensus Estimate of $8 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $7.9 billion, a 20% year-over-year increase including a favorable currency translation effect of 2% and a price increase of 3%. On a geographic basis, equipment net sales were up 14% in the United States and Canada and 31% in rest of the world.
Cost of sales in the quarter totaled $5.9 billion, up 21% year over year. Operating profit improved 35% year over year to $1.15 billion in the quarter.
Segment Performance
The Agriculture & Turf segment's sales increased 18% to $6.3 billion, led by higher shipment volumes, improved price realization and favorable currency translation. Operating profit at the segment was $868 million, up 31% year over year. The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material costs, higher manufacturing overhead costs related to new products, and higher research and development expenses.
Construction & Forestry posted a year over year sales growth of 34% to reach $1.5 billion ascribed to higher shipment volumes. The segment operating profit increased 61% year over year to $87 million driven by higher shipment, production volumes and improved price realization, partially offset by higher raw material costs and research and development expenses.
Net revenues at Deere's Financial Services operations were $615 million in the quarter, up 14% from the year-ago quarter. Net income in the segment was $196 million, up 41% from the year-ago quarter. The improvement was largely driven by portfolio growth and a lower provision for credit losses, partially offset by narrower financing spreads and a higher effective tax rate.
Financial Position
As of fiscal 2011 end, Deere had cash and cash equivalents of $3.65 billion, down from $3.79 billion as of fiscal 2010 end. Long-term borrowings increased slightly to $16.96 billion from $16.81 billion as of fiscal 2010 end.
Net cash from operating activities for the year was $2.32 billion compared with $2.28 billion in the previous year.
Fiscal 2011 Performance
For fiscal 2011, Deere reported earnings of $6.63 per share, ahead of the Zacks Consensus Estimate of $6.44 and 52% above the year ago earnings per share of $4.35. Net income for the year was $2.8 billion, outperforming the company's expectation of $2.7 billion.
Deere's worldwide total sales increased 23% year over year to $32 billion, beating the Zacks Consensus Estimate of $30 billion. Net sales of equipment operations were $29.5 billion, a 25% year-over-year increase including a favorable currency translation effect of 3% and a price increase of 3%.
Looking Forward
Deere expects equipment sales to grow in the range of 16% to 18% in the first quarter and about 15% for fiscal 2012. The guidance includes a favorable currency-translation impact of 3% for the quarter and 1% for the fiscal year. Net income is estimated at $3.2 billion in 2011.
Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 15% for full-year 2012, benefiting from favorable global farm conditions, and benefits from introduction of advanced new products throughout the globe and from major expansion projects particularly in emerging markets.
Construction and Forestry equipment are expected to improve 16% for 2012, reflecting slightly improved market conditions and activity outside of the U.S. and strength in Canada. Construction equipment sales to independent rental companies are expected to improve further. Sales growth is also expected to be aided by advanced new products and geographic expansion.
Net income from Financial Services is estimated at $450 million.
Region-wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow 5% to 10% for 2012. Western and Central Europe is expected to be flat considering the general economic concerns in the region. Sales in the Commonwealth of Independent States are expected to see moderate gains while growth in Asia is expected to be strong.
Industry sales of turf and utility equipment in the U.S. and Canada are expected to increase slightly. However, In South America, the company expects industry sales to remain flat compared with 2011.
Our Take
Deere continues to remain focused on expanding its production capacities. The company's investments to expand capacities as well as to offer new products favorably position it to cater to the increasing demand for food, shelter and infrastructure, thereby fueling top line growth in the upcoming quarters. Deere also pays a regular quarterly dividend and increases the dividend from time to time, which enhances shareholders value.
The company currently retains a Zacks #3 Rank (short-term Hold recommendation).
Illinois-based Deere & Co. is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere competes with Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report
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 & Co. ( DE ) delivered earnings of $1.62 per share in its fourth quarter ended October 31, 2011, comfortably exceeding the Zacks Consensus Estimate of $1.44. The company's investments to expand capacities as well as to offer new products favorably position it to cater to the increasing demand for food, shelter and infrastructure, thereby fueling top line growth in the upcoming quarters. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
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The increase in operating profit resulted from higher shipment, improved price realization, partially offset by higher raw material costs, higher manufacturing overhead costs related to new products, and higher research and development expenses. The segment operating profit increased 61% year over year to $87 million driven by higher shipment, production volumes and improved price realization, partially offset by higher raw material costs and research and development expenses. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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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Operational Update Deere's worldwide total sales increased 20% year over year to $8.6 billion, beating the Zacks Consensus Estimate of $8 billion. The segment operating profit increased 61% year over year to $87 million driven by higher shipment, production volumes and improved price realization, partially offset by higher raw material costs and research and development expenses. Deere's worldwide total sales increased 23% year over year to $32 billion, beating the Zacks Consensus Estimate of $30 billion.
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Deere & Co. ( DE ) delivered earnings of $1.62 per share in its fourth quarter ended October 31, 2011, comfortably exceeding the Zacks Consensus Estimate of $1.44. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment. Operational Update Deere's worldwide total sales increased 20% year over year to $8.6 billion, beating the Zacks Consensus Estimate of $8 billion.
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6342ecd2-b04e-491b-af8c-7847d29c344d
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723183.0
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2011-11-23 00:00:00 UTC
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Nov 23: Europe Remains In Focus - Economic Highlights
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DE
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https://www.nasdaq.com/articles/nov-23%3A-europe-remains-in-focus-economic-highlights-2011-11-23
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nan
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nan
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Given Thursday's Thanksgiving holiday and the abbreviated trading session on Friday, a lot of major economic releases have been squeezed into today's session. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. This effectively ensures that stocks will sustain the downtrend of the last few days in another low-volume trading session today, bucking the typical favorable market action of the day before Thanksgiving.
In Europe, Germany held a surprisingly less than inspiring auction for its bonds, raising questions that investors may be fleeing from the safest credit in the Euro-zone as well. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds). Bond yields are rising elsewhere in Europe, where new questions are being raised about the bailout of Franco-Belgian bank Dexia. Belgium is reportedly unable to meet its share of the bailout obligations, which will only add to pressures on the French treasury, which is already working hard to protect its triple-A credit rating.
The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. We also have a weak PMI reading out of China today.
Unlike the European situation, the picture in the U.S. is quite favorable. This morning's economic data dump provides a mixed picture, but it is unmistakably more positive than what we had been seeing a couple of months back. The Durable Goods report came in better than expected, while the Personal Income & Outlays reading was a bit on the mixed side, with Personal Income coming ahead while spending came short of expectations. The Initial Jobless Claims numbers were also a tad weaker than expected, increasing by 2K during the week to 393K. But the key thing on the Initial Jobless Claims front is that it remains below the 400K level, which is overall positive.
The takeaway from today's economic releases is that the outlook for the U.S. economy has moved in the recent past beyond the recessionary talk. While this data shows that the economy is clearly not heading towards a recession, it is less than helpful in handicapping the extent of its underlying momentum. And developments on the domestic political front and in Europe do not help in that effort, either.
On the earnings front, we Deere ( DE ) come out with better-than-expected results this morning and guided higher. We also have positive results and guidance from TiVo ( TIVO ) , the maker of digital video recorders. Pandora ( P ) , the online music service, came out with positive quarterly results, but its guidance fell short of expectations.
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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Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
|
And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. The Durable Goods report came in better than expected, while the Personal Income & Outlays reading was a bit on the mixed side, with Personal Income coming ahead while spending came short of expectations.
|
This morning's economic data dump provides a mixed picture, but it is unmistakably more positive than what we had been seeing a couple of months back. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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84c35828-3e21-468d-8e56-533045da223a
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723184.0
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2011-11-23 00:00:00 UTC
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A Cornucopia of Data - Analyst Blog
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DE
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https://www.nasdaq.com/articles/cornucopia-data-analyst-blog-2011-11-23
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nan
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nan
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Given Thursday's Thanksgiving holiday and the abbreviated trading session on Friday, a lot of major economic releases have been squeezed into today's session. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. This effectively ensures that stocks will sustain the downtrend of the last few days in another low-volume trading session today, bucking the typical favorable market action of the day before Thanksgiving.
In Europe, Germany held a surprisingly less than inspiring auction for its bonds, raising questions that investors may be fleeing from the safest credit in the Euro-zone as well. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds). Bond yields are rising elsewhere in Europe, where new questions are being raised about the bailout of Franco-Belgian bank Dexia. Belgium is reportedly unable to meet its share of the bailout obligations, which will only add to pressures on the French treasury, which is already working hard to protect its triple-A credit rating.
The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. We also have a weak PMI reading out of China today.
Unlike the European situation, the picture in the U.S. is quite favorable. This morning's economic data dump provides a mixed picture, but it is unmistakably more positive than what we had been seeing a couple of months back. The Durable Goods report came in better than expected, while the Personal Income & Outlays reading was a bit on the mixed side, with Personal Income coming ahead while spending came short of expectations. The Initial Jobless Claims numbers were also a tad weaker than expected, increasing by 2K during the week to 393K. But the key thing on the Initial Jobless Claims front is that it remains below the 400K level, which is overall positive.
The takeaway from today's economic releases is that the outlook for the U.S. economy has moved in the recent past beyond the recessionary talk. While this data shows that the economy is clearly not heading towards a recession, it is less than helpful in handicapping the extent of its underlying momentum. And developments on the domestic political front and in Europe do not help in that effort, either.
On the earnings front, we saw Deere ( DE ) come out with better-than-expected results this morning and guided higher. We also have positive results and guidance from TiVo ( TIVO ), the maker of digital video recorders. Pandora ( P ), the online music service, came out with positive quarterly results, but its guidance fell short of expectations.
DEERE & CO ( DE ): Free Stock Analysis Report
PANDORA MEDIA ( P ): Free Stock Analysis Report
TIVO INC ( TIVO ): Free Stock Analysis Report
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.
|
Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. DEERE & CO ( DE ): Free Stock Analysis Report PANDORA MEDIA ( P ): Free Stock Analysis Report TIVO INC ( TIVO ): Free Stock Analysis Report 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. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe.
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And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. DEERE & CO ( DE ): Free Stock Analysis Report PANDORA MEDIA ( P ): Free Stock Analysis Report TIVO INC ( TIVO ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This morning's economic data dump provides a mixed picture, but it is unmistakably more positive than what we had been seeing a couple of months back. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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998221a3-aa7d-42b8-9967-47ce29ac7c41
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723185.0
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2011-11-23 00:00:00 UTC
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Ahead of Wall Street - November 23, 2011 - Ahead of Wall Street
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DE
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https://www.nasdaq.com/articles/ahead-wall-street-november-23-2011-ahead-wall-street-2011-11-23
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nan
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nan
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Wednesday, November 23, 2011
Given Thursday's Thanksgiving holiday and the abbreviated trading session on Friday, a lot of major economic releases have been squeezed into today's session. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. This effectively ensures that stocks will sustain the downtrend of the last few days in another low-volume trading session today, bucking the typical favorable market action of the day before Thanksgiving.
In Europe, Germany held a surprisingly less than inspiring auction for its bonds, raising questions that investors may be fleeing from the safest credit in the Euro-zone as well. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds). Bond yields are rising elsewhere in Europe, where new questions are being raised about the bailout of Franco-Belgian bank Dexia. Belgium is reportedly unable to meet its share of the bailout obligations, which will only add to pressures on the French treasury, which is already working hard to protect its triple-A credit rating.
The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. We also have a weak PMI reading out of China today.
Unlike the European situation, the picture in the U.S. is quite favorable. This morning's economic data dump provides a mixed picture, but it is unmistakably more positive than what we had been seeing a couple of months back. The Durable Goods report came in better than expected, while the Personal Income & Outlays reading was a bit on the mixed side, with Personal Income coming ahead while spending came short of expectations. The Initial Jobless Claims numbers were also a tad weaker than expected, increasing by 2K during the week to 393K. But the key thing on the Initial Jobless Claims front is that it remains below the 400K level, which is overall positive.
The takeaway from today's economic releases is that the outlook for the U.S. economy has moved in the recent past beyond the recessionary talk. While this data shows that the economy is clearly not heading towards a recession, it is less than helpful in handicapping the extent of its underlying momentum. And developments on the domestic political front and in Europe do not help in that effort, either.
On the earnings front, we Deere ( DE ) come out with better-than-expected results this morning and guided higher. We also have positive results and guidance from TiVo ( TIVO ) , the maker of digital video recorders. Pandora ( P ) , the online music service, came out with positive quarterly results, but its guidance fell short of expectations.
Sheraz Mian
Director of Research
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Today's weak composite purchasing managers index ( PMI ) reading for the union is pointing towards a Euro-zone recession. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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The continued unsettled sovereign debt crisis is weighing on the broader Euro-zone economic outlook as well. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. We found last week that the broader Euro-zone GDP barely eked out a positive growth number in the third quarter and the outlook for the current quarter appears be even weaker. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds).
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And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. The country was able to sell only €3.6 billion of the €6 billion on offer, a very unusual lack of demand for German bonds (also known as bunds). Bond yields are rising elsewhere in Europe, where new questions are being raised about the bailout of Franco-Belgian bank Dexia.
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fd6f1c6a-8534-4343-a9cc-52bcef64cf1e
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723186.0
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2011-11-23 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Deere & Company, Caterpillar, CNH Global NV, American International Group and General Motors - Press Releases
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DE
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-deere-company-caterpillar-cnh-global-nv-american
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nan
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nan
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For Immediate Release
Chicago, IL - November 23, 2011 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ), American International Group Inc. ( AIG ) and General Motors Company ( GM ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
Earnings Preview: Deere
Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. The current Zacks Consensus Estimate is $1.44 for the fourth quarter and $6.44 for fiscal 2011, projecting year-over-year growth of 34.1% and 38.5%, respectively.
With respect to earnings surprise, over the trailing four quarters, Deere outperformed the Zacks Consensus Estimate. The average earnings surprise was 9.04%, implying that Deere has surpassed the Zacks Consensus Estimate by the same magnitude over the last four quarters.
Previous Quarter Recap
Deere's third-quarter EPS of $1.69 beat the Zacks Consensus Estimate and climbed 17% year over year, largely driven by strong demand for farm machinery and improved conditions in the construction and forestry markets.
Deere's worldwide total sales increased 22% year over year to $8.4 billion, beating the Zacks Consensus Estimate of $7.7 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $6.4 billion, a 22% year-over-year increase including favorable currency translation effect of 6% and a price increase of 3%. On a geographic basis, equipment net sales were up 10% in the United States and Canada and 49% in the rest of the world.
Looking Forward
Deere expects equipment sales to grow 20% in the fiscal fourth quarter and about 25% for fiscal 2011. The guidance includes a favorable currency-translation impact of 4% in both the fourth quarter and fiscal year. Full year guidance includes an adverse effect of about $70 million in sales and $10 million in operating profit from the earthquake and tsunami in Japan. Net income is estimated at $2.7 billion for 2011.
Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 21% for full year 2011, benefiting from favorable global farm conditions. Construction and Forestry equipment sales are expected to improve 45% for 2011.
Net income from Financial Services is estimated to be $460 million, reflecting continued growth in the portfolio.
Region wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow 5% to 10% for 2011. Western and Central Europe is expected to increase 10% to 15% while sales in the Commonwealth of Independent States are expected to see moderate gains.
Industry sales of turf and utility equipment in the U.S. and Canada are expected to be flat with the 2010 level. However, in South America, the company expects industry sales to decline 5% over 2010.
Estimate Revision Trend
For the fourth quarter, none of the analysts out of 14 covering Deere have revised their estimates over the past 30 days. For fiscal 2011, only one estimate out of 16 has been raised for Deere.
The limited number of estimate revisions indicates the absence of any major catalyst driving the quarterly results. Consequently, most of the analysts are abiding by their estimates projected during the third quarter results.
Magnitude of Estimate Revisions
Over the past 30 days, consensus earnings estimate for the fourth and final quarter of fiscal 2011 inched up a cent to $1.44. For fiscal 2011, there has been no change to the consensus of $6.44 over the past 30 days. There has been an utter lack of movement in the past 7 days.
Our Take
Farm cash receipts are the best gauge for farm machinery sales. Farm cash receipts reflect levels of farm commodity prices, acreage planted, crop yields and government policies, including the amount and timing of government payments. Deere's forecast for farm cash receipts for 2011 stands at $378 billion compared with $321 billion in 2010. The forecast exceeds the previous record of $330.5 billion in 2008 by almost 14%.
The USDA forecasts net farm income to reach $103.6 billion in 2011, up nearly 31% year over year, the highest inflation-adjusted value for net farm income since 1974. This will drive farmers to invest in the latest machinery to maximize their productivity, thereby benefiting the company.
Deere has been growing its manufacturing footprint overseas in markets such as Brazil, Russia and India. The expansion into the emerging markets should provide long-term growth opportunities.
Brazil is among the world's largest producers and exporters of sugar, soybeans, corn and cotton. The company is the second leading producer of ethanol. Global population growth and rising living standards in the emerging markets are fueling growth in global food demand.
On the flipside, margin expansion will be constrained in 2011 given the increased costs for New Tier 4 products as well as raw material inflation, higher overhead associated with new facilities and SAP implementation costs. Furthermore, production inefficiencies associated with the transition to the initial Tier 4 products as well as heightened R&D expense will also affect margins.
The company currently retains a Zacks #3 Rank (short-term Hold recommendation).
Illinois-based Deere & Co. is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere competes with Caterpillar Inc. ( CAT ) and CNH Global NV ( CNH ).
TARP Continues to Recover Funds
The Treasury has added $12.2 million to its kitty by selling warrants in 17 Troubled Asset Relief Program (TARP) banks that have already repaid the bailout money. This indicates that the Treasury is clutching every opportunity to recoup the cost of the $700 billion bailout program that was initiated three years back to rescue the nation's financial system.
However, many of the institutions are yet to repay their TARP loans and the Treasury holds significant stakes in many of the rescued companies. This keeps the program far from wrapping up.
Money Yet to Come
Even after the sale of 200 million American International Group Inc. ( AIG ) shares in May, the Treasury still owns about 77% stake (down from 92%) in the company. Additionally, the Treasury owns about $11.3 billion AIG preferred shares and plans to exit from its holding on the company over the next couple of years.
The Treasury also holds significant stakes in other rescued companies like General Motors Company ( GM ) , Chrysler and Ally Financial (previously known as GMAC). Chrysler has repaid $10.6 billion of its total $12.5 billion TARP loan and General Motors has repaid $8.1 billion of the total $13.4 billion it borrowed from the Treasury. Overall, out of the total $80 billion given to the auto industry, only $29 billion has been recovered.
Similarly, about $20 billion is still due from more than 500 banks. However, the TARP for banks turned into a profit due to steady dividends and interest payments.
Bank Bailout is Profitable
Out of the total $700 billion bailout money, about $245 billion was handed out to banks. So far, the Treasury has recovered a total of $317.6 billion from bailed out banks, bringing home a significant profit.
Will Income Offset Costs?
The government's expected recovery from the bailed out institutions along with dividend and interest income will more than offset costs related to the pending deals. Looking back at a calculation released by the Treasury in March, TARP will earn about $23.6 billion by 2013.
TARP: A Success Story
Considering the effectiveness in easing credit and capital market pressure, restoring confidence in the financial system and recovering the injected money at a lower-than-expected cost, it can be concluded that the government's highly criticized bailout program has finally turned out to be a winner.
Moreover, the final success of TARP is probably still in the works. While most of the major financial institutions have cleared their dues, many banks are still to repay their bailout loans.
Though a major chunk of the TARP fund will likely be absorbed by the housing programs initiated by the government, the Treasury's recovery mission continues, raising optimism for greater success.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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AMER INTL GRP ( AIG ): 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
GENERAL MOTORS ( GM ): Free Stock Analysis Report
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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Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 21% for full year 2011, benefiting from favorable global farm conditions. TARP: A Success Story Considering the effectiveness in easing credit and capital market pressure, restoring confidence in the financial system and recovering the injected money at a lower-than-expected cost, it can be concluded that the government's highly criticized bailout program has finally turned out to be a winner. Stocks recently featured in the blog include Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ), American International Group Inc. ( AIG ) and General Motors Company ( GM ).
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Stocks recently featured in the blog include Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ), American International Group Inc. ( AIG ) and General Motors Company ( GM ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Tuesday's Analyst Blog: Earnings Preview: Deere Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. 9339 support@zacks.com http://www.zacks.com AMER INTL GRP ( AIG ): 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 GENERAL MOTORS ( GM ): Free Stock Analysis Report 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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Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Tuesday's Analyst Blog: Earnings Preview: Deere Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. Deere's worldwide total sales increased 22% year over year to $8.4 billion, beating the Zacks Consensus Estimate of $7.7 billion. 9339 support@zacks.com http://www.zacks.com AMER INTL GRP ( AIG ): 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 GENERAL MOTORS ( GM ): Free Stock Analysis Report 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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Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Tuesday's Analyst Blog: Earnings Preview: Deere Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. Deere's worldwide total sales increased 22% year over year to $8.4 billion, beating the Zacks Consensus Estimate of $7.7 billion. Stocks recently featured in the blog include Deere & Company ( DE ), Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ), American International Group Inc. ( AIG ) and General Motors Company ( GM ).
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731aa5aa-26cc-46b5-8fb4-2e9324ff033c
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723187.0
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2011-11-23 00:00:00 UTC
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Deere & Co.’s Q4 Profit Surges 46%, Beating View; Shares Rise (DE)
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DE
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https://www.nasdaq.com/articles/deere-cos-q4-profit-surges-46-beating-view-shares-rise-de-2011-11-23
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nan
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted much better-than-expected fiscal fourth quarter earnings results, sending its shares soaring in premarket trading Wednesday.
The Moline, IL-based company reported fiscal fourth quarter net income of $670 million, or $1.62 per share, compared with $457 million, or $1.07 per share, in the year-ago period.
Revenue rose 20% from last year to $8.6 billion.
On average, Wall Street analysts expected a smaller profit of $1.43 per share on lower revenue of $7.91 billion.
Looking ahead, the company forecast a 15% jump in 2012 equipment sales, with full-year earnings rising to $3.2 billion from $2.8 billion in 2011.
Deere shares rose $4.28, or +6%, in premarket trading Wednesday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.28% dividend yield, based on last night's closing stock price of $71.92. The stock has technical support in the $65-$66 price area. If the shares can firm up, we see overhead resistance around the $78-$81 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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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The Bottom Line Shares of Deere & Co. ( DE ) have a 2.28% dividend yield, based on last night's closing stock price of $71.92. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here . Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted much better-than-expected fiscal fourth quarter earnings results, sending its shares soaring in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted much better-than-expected fiscal fourth quarter earnings results, sending its shares soaring in premarket trading Wednesday. Deere shares rose $4.28, or +6%, in premarket trading Wednesday. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.28% dividend yield, based on last night's closing stock price of $71.92.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted much better-than-expected fiscal fourth quarter earnings results, sending its shares soaring in premarket trading Wednesday. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.28% dividend yield, based on last night's closing stock price of $71.92. Deere shares rose $4.28, or +6%, in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted much better-than-expected fiscal fourth quarter earnings results, sending its shares soaring in premarket trading Wednesday. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.28% dividend yield, based on last night's closing stock price of $71.92. Deere shares rose $4.28, or +6%, in premarket trading Wednesday.
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3b6238b6-7fe5-453c-acc5-ec79c92b8e64
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723188.0
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2011-11-22 00:00:00 UTC
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Earnings Preview: Deere - Analyst Blog
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DE
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https://www.nasdaq.com/articles/earnings-preview%3A-deere-analyst-blog-2011-11-22
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nan
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Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. The current Zacks Consensus Estimate is $1.44 for the fourth quarter and $6.44 for fiscal 2011, projecting year-over-year growth of 34.1% and 38.5%, respectively.
With respect to earnings surprise, over the trailing four quarters, Deere outperformed the Zacks Consensus Estimate. The average earnings surprise was 9.04%, implying that Deere has surpassed the Zacks Consensus Estimate by the same magnitude over the last four quarters.
Previous Quarter Recap
Deere's third-quarter EPS of $1.69 beat the Zacks Consensus Estimate and climbed 17% year over year, largely driven by strong demand for farm machinery and improved conditions in the construction and forestry markets.
Deere's worldwide total sales increased 22% year over year to $8.4 billion, beating the Zacks Consensus Estimate of $7.7 billion. Net sales of equipment operations (which comprise Agriculture and Turf, Construction and Forestry) were $6.4 billion, a 22% year-over-year increase including favorable currency translation effect of 6% and a price increase of 3%. On a geographic basis, equipment net sales were up 10% in the United States and Canada and 49% in the rest of the world.
Looking Forward
Deere expects equipment sales to grow 20% in the fiscal fourth quarter and about 25% for fiscal 2011. The guidance includes a favorable currency-translation impact of 4% in both the fourth quarter and fiscal year. Full year guidance includes an adverse effect of about $70 million in sales and $10 million in operating profit from the earthquake and tsunami in Japan. Net income is estimated at $2.7 billion for 2011.
Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 21% for full year 2011, benefiting from favorable global farm conditions. Construction and Forestry equipment sales are expected to improve 45% for 2011.
Net income from Financial Services is estimated to be $460 million, reflecting continued growth in the portfolio.
Region wise, Deere expects industry farm-machinery sales in the U.S. and Canada to grow 5% to 10% for 2011. Western and Central Europe is expected to increase 10% to 15% while sales in the Commonwealth of Independent States are expected to see moderate gains.
Industry sales of turf and utility equipment in the U.S. and Canada are expected to be flat with the 2010 level. However, in South America, the company expects industry sales to decline 5% over 2010.
Estimate Revision Trend
For the fourth quarter, none of the analysts out of 14 covering Deere have revised their estimates over the past 30 days. For fiscal 2011, only one estimate out of 16 has been raised for Deere.
The limited number of estimate revisions indicates the absence of any major catalyst driving the quarterly results. Consequently, most of the analysts are abiding by their estimates projected during the third quarter results.
Magnitude of Estimate Revisions
Over the past 30 days, consensus earnings estimate for the fourth and final quarter of fiscal 2011 inched up a cent to $1.44. For fiscal 2011, there has been no change to the consensus of $6.44 over the past 30 days. There has been an utter lack of movement in the past 7 days.
Our Take
Farm cash receipts are the best gauge for farm machinery sales. Farm cash receipts reflect levels of farm commodity prices, acreage planted, crop yields and government policies, including the amount and timing of government payments. Deere's forecast for farm cash receipts for 2011 stands at $378 billion compared with $321 billion in 2010. The forecast exceeds the previous record of $330.5 billion in 2008 by almost 14%.
The USDA forecasts net farm income to reach $103.6 billion in 2011, up nearly 31% year over year, the highest inflation-adjusted value for net farm income since 1974. This will drive farmers to invest in the latest machinery to maximize their productivity, thereby benefiting the company.
Deere has been growing its manufacturing footprint overseas in markets such as Brazil, Russia and India. The expansion into the emerging markets should provide long-term growth opportunities.
Brazil is among the world's largest producers and exporters of sugar, soybeans, corn and cotton. The company is the second leading producer of ethanol. Global population growth and rising living standards in the emerging markets are fueling growth in global food demand.
On the flipside, margin expansion will be constrained in 2011 given the increased costs for New Tier 4 products as well as raw material inflation, higher overhead associated with new facilities and SAP implementation costs. Furthermore, production inefficiencies associated with the transition to the initial Tier 4 products as well as heightened R&D expense will also affect margins.
The company currently retains a Zacks #3 Rank (short-term Hold recommendation).
Illinois-based Deere & Co. is engaged in the production and distribution of agricultural and forestry equipment, construction equipment and engines worldwide. The company sells products in the U.S. and Canada through branch offices as well as through distributors and dealers for the resale of products internationally. Deere competes with Caterpillar Inc. ( CAT ), CNH Global NV ( CNH ) and Kubota Corporation ( KUB ).
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CNH GLOBAL NV ( CNH ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report
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 9.04%, implying that Deere has surpassed the Zacks Consensus Estimate by the same magnitude over the last four quarters. Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 21% for full year 2011, benefiting from favorable global farm conditions. Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011.
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Segment wise, Deere expects worldwide sales of Agriculture and Turf equipment to grow by 21% for full year 2011, benefiting from favorable global farm conditions. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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. Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011.
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Previous Quarter Recap Deere's third-quarter EPS of $1.69 beat the Zacks Consensus Estimate and climbed 17% year over year, largely driven by strong demand for farm machinery and improved conditions in the construction and forestry markets. Deere's worldwide total sales increased 22% year over year to $8.4 billion, beating the Zacks Consensus Estimate of $7.7 billion. CATERPILLAR INC ( CAT ): Free Stock Analysis Report CNH GLOBAL NV ( CNH ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report KUBOTA CORP ADR ( KUB ): Free Stock Analysis Report 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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Looking Forward Deere expects equipment sales to grow 20% in the fiscal fourth quarter and about 25% for fiscal 2011. Magnitude of Estimate Revisions Over the past 30 days, consensus earnings estimate for the fourth and final quarter of fiscal 2011 inched up a cent to $1.44. Deere & Company ( DE ) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011.
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723189.0
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2011-11-21 00:00:00 UTC
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Zacks Earnings Preview: Analog Devices, Deere, Hewlett-Packard, Medtronic and Tyson Foods - Press Releases
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DE
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https://www.nasdaq.com/articles/zacks-earnings-preview-analog-devices-deere-hewlett-packard-medtronic-and-tyson-foods
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nan
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For Immediate Release
Chicago, IL - November 21, 2011 - Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). To see more earnings analysis, visit http://at.zacks.com/?id=3207 .
Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=3567 .
Turkey, with Data Stuffing
There will only be a handful of firms reporting next week as the third quarter reporting season is almost over. A total of 70 firms are scheduled to report, including 8 of the S&P 500.
The firms reporting next week include: Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ).
It will be effectively a short week, so all the data is jammed into the first three days. There is enough to keep the markets busy until everyone stops for turkey and football on Thursday.
The key reports start with existing home sales. On Tuesday we get the second look at GDP growth in the third quarter. We will also get the Fed minutes for the November 2 meeting. Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods.
While the market will be open on Friday, there will be little buying and selling going on at the corner of Broad and Wall -- the focus will be on all the buying in the malls with Black Friday. Europe does not share this holiday, so we will probably get more drama from that side of the pond as well.
Dirk Van Dijk, CFA, is the Chief Equity Strategist for Zacks.com.
About the Zacks Rank
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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.Zacks.com
ANALOG DEVICES ( ADI ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report
MEDTRONIC ( MDT ): Free Stock Analysis Report
TYSON FOODS A ( TSN ): Free Stock Analysis Report
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 week's list includes Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). The firms reporting next week include: Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods.
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This week's list includes Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). The firms reporting next week include: Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com ANALOG DEVICES ( ADI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report MEDTRONIC ( MDT ): Free Stock Analysis Report TYSON FOODS A ( TSN ): Free Stock Analysis Report 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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Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com ANALOG DEVICES ( ADI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report MEDTRONIC ( MDT ): Free Stock Analysis Report TYSON FOODS A ( TSN ): Free Stock Analysis Report 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. This week's list includes Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). The firms reporting next week include: Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ).
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Contact: Dirk Van Dijk, CFA Company: Zacks.com Phone: 312-265-9211 Email: pr@zacks.com Visit: www.Zacks.com ANALOG DEVICES ( ADI ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report MEDTRONIC ( MDT ): Free Stock Analysis Report TYSON FOODS A ( TSN ): Free Stock Analysis Report 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. This week's list includes Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). The firms reporting next week include: Analog Devices ( ADI ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ).
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d8cdbc1a-29e5-44b3-a040-3e1cd59e5314
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723190.0
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2011-11-18 00:00:00 UTC
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Turkey, with Data Stuffing - Earnings Preview
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https://www.nasdaq.com/articles/turkey-data-stuffing-earnings-preview-2011-11-18
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nan
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Earnings Preview 11/18/11
There will only be a handful of firms reporting next week as the third quarter reporting season is almost over. A total of 70 firms are scheduled to report, including 8 of the S&P 500.
The firms reporting next week include: Analog Devices ( ADI ), Campbell Soup ( CPB ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ).
It will be effectively a short week, so all the data is jammed into the first three days. There is enough to keep the markets busy until everyone stops for turkey and football on Thursday.
The key reports start with existing home sales. On Tuesday we get the second look at GDP growth in the third quarter. We will also get the Fed minutes for the November 2 meeting. Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods.
While the market will be open on Friday, there will be little buying and selling going on at the corner of Broad and Wall -- the focus will be on all the buying in the malls with Black Friday. Europe does not share this holiday, so we will probably get more drama from that side of the pond as well.
Monday
In September, existing home sales ran at a 4.91 million annual pace, down 3.0% from August. In October they are expected to slip slightly further to a 4.85 million rate. Of at least equal concern is the level of inventories available for sale relative to the sales pace. In September there were 8.5 months of supply on the market, well above the normal level of about 6 months. That suggests continued downward pressure on existing home prices. As sales of used homes are just the transfer of an existing asset, they do not represent that much in the way of economic activity. However, as the major store of wealth for the middle class, existing home prices are vital. Also, the more prices fall, the greater the number of people who are underwater on their mortgages, and thus vulnerable to foreclosure.
Tuesday
In the first look at GDP it was estimated that the economy grew at a 2.5% pace, well above the 1.3% growth rate of the second quarter and the nearly non-existent growth of just 0.4% in the first quarter. The quality of the growth was also quite high as that growth included a 1.08% drag from the change in inventories. The overall growth rate is not expected to change, however the quality of the growth probably improved even further, with a higher contribution from net exports and consumer spending, but a bigger drag from inventory investment.
The Fed decided to do nothing at its 11/2/11 meeting. That satisfied the three members who had objected in the previous two meetings but spurred a new dissent from Charles Evans of Chicago. The minutes to the meeting should provide clues as to why the Fed decided to sit on its hands in the face of 9.0% unemployment when it has a legal mandate to keep unemployment low.
Wednesday
Weekly Initial Claims for Unemployment Insurance come out a day early. Recently they broke below the psychologically important 400,000 level. Last week they fell by 5,000 to 388,000, but only after the previous week had been revised upward by 3,000, so it was really more like a 2,000 decline. The consensus is looking for 391,000. The 400,000 level is important in that it has historically been the inflection point below which we tend to create enough jobs to bring down the unemployment rate. The week-to-week numbers can be very volatile, so the four-week average is the thing to focus on. Keep an eye on the prior week's revision as well, as the change from the revised number.
Continuing Jobless Claims have been in a downtrend of late, but the road down has been bumpy. Last week they fell by 57,000 to 3.608 million. That is down 662,000 from a year ago. I would expect a small decline this week. The consensus is looking for a bounce to 3.620 million, a small increase. Federally paid extended claims fell by 70,000 to 3.459 million last week and are down 1.468 million over the last year. Looking at just the regular continuing claims numbers is a serious mistake. They only include a little over half of the unemployed now, given the unprecedentedly high duration of unemployment figures. A better measure is the total number of people getting unemployment benefits -- currently at 6.773 million -- which is down 62,000 from last week (there are some timing issues, so the change in continuing and existing claims does not match the change in the total). The total number of people getting benefits is now 2.076 million below year-ago levels. What is not known is how many people have left the extended claims via the road to prosperity -- finding a new job -- and how many have left on the road to poverty, having simply exhausted even the extended benefits. Unless the program is renewed, all extended benefits will end in January. Make sure to look at both sets of numbers! Many of the press reports will not, but we will here at Zacks.
New Orders for Durable Goods are expected to fall 1.0% in October after falling 0.6% in September. Previous months are often revised significantly for this data, and those revisions can be just as important as the current month's data. The weakness last month came from the highly volatile transportation equipment segment. Since they are so high priced, a few orders for jetliners can really push around the total number, but the orders tend to be lumpy. Excluding transportation equipment, new orders are expected to be unchanged after being up 1.8% in September. Given the tone of the other data. I will take the over on both headline and ex-transportation.
Personal Income is expected to rise 0.3% from September, after it rose just 0.1% last month. Just as important as the total amount of personal income is the source of that income. Recently, growth in income from wages and salaries has been very weak, with most of the growth we have seen coming from with rental income and higher dividends. That suggests that most of the meager total income growth is going to the top of the income distribution. Personal Spending is expected to rise 0.3% after rising 0.6% in September. Of course, if spending rises by more than income, the savings rate will fall. In September, the savings rate fell to just 3.6% from an already low 4.1% in August. Over the long term, the economy needs a higher savings rate. Short-term, though, a falling savings rate tends to boost the economy.
The deadline for the "Super Committee" to come up with at least $1.2 Trillion in deficit reduction is hit. I expect total failure and deadlock. That means that we will get $1.2 Trillion in spending cuts in a meat-cleaver fashion starting in 2013. Those cuts fall roughly equally on Defense and non-defense discretionary spending. While there is plenty of fat to cut, doing so in this way could have adverse National Security implications. Nor are meat-cleaver cuts to non-defense discretionary spending wise, particularly when the economy is still soft. However, those are what we will probably get. Look for Congress to spend much of 2012 figuring out how to defuse the "trigger." Given the wide philosophical differences in Washington these days, I also suspect that the efforts to defuse the trigger will fail. The efforts will raise the political heat level.
The University of Michigan Consumer Sentiment index for November is expected to match its initial read of 64.2. That is up off the lows of the summer, but still very depressed by any historical standard. Personally, I think this is one of the most overrated economic statistics around, since what consumers say in the survey is often very different that what they actually do. Still, better seeing it go up than down.
Thursday
Everyone eats lots of turkey, stuffing, mashed potatoes, etc. then sits down and watches football and perhaps a parade. Happy Thanksgiving to all, and I hope you have a tasty turkey.
Friday
The stock market will be open, but traditionally it is the lightest volume trading day of the year. Instead of buying and selling on Wall Street the focus will be on the buying at the malls on Black Friday, the traditional start of the Holiday shopping season.
Company Ticker Qtr End EPS Est Year Ago
EPS
Last EPS
Surprise %
Next EPS Report Date Time Daily Price
ANALOG DEVICES ADI 201110 0.63 0.73 -2.74 20111121 AMC $35.50
BROCADE COMM SY BRCD 201110 0.06 0.08 0 20111121 AMC $4.70
BROWN SHOE CO BWS 201110 0.51 0.45 -200 20111121 AMC $8.80
CHIMERA INVEST CIM 201109 0.14 0.16 N/A 20111121 AMC $2.68
CHINACACHE INTL CCIH 201109 0.04 -0.69 -233.33 20111121 AMC $5.10
CHINAEDU CP-ADR CEDU 201109 0.08 0.11 100 20111121 AMC $5.60
CNINSURE IN-ADR CISG 201109 0.18 0.32 3.45 20111121 AMC $7.45
COLLECTIVE BRND PSS 201110 0.51 0.75 45.45 20111121 AMC $13.53
DYCOM INDS DY 201110 0.3 0.18 58.33 20111121 AMC $20.14
GALAXY GAMING GLXZ 201109 0 999 N/A 20111121 $0.21
GLOBUS MARITIME GLBS 201109 0.15 999 166.67 20111121 BTO $4.14
GOLAR LNG PARTN GMLP 201109 0.4 999 2.63 20111121 AMC $27.85
HASTING ENTMT HAST 201110 -0.56 -0.35 -1466.67 20111121 BTO $1.90
HEWLETT PACKARD HPQ 201110 1.13 1.33 0 20111121 AMC $27.29
JACK IN THE BOX JACK 201109 0.41 0.4 -5 20111121 AMC $20.29
JINKOSOLAR HLDG JKS 201109 0.44 1.75 30.94 20111121 AMC $6.19
MOBILE TELE-ADR MBT 201109 0.29 0.5 -18.18 20111121 $13.85
NORTHWEST PIPE NWPX 201109 0.44 0.07 147.83 20111121 AMC $23.47
PAC SUNWEAR CAL PSUN 201110 -0.14 -0.07 25 20111121 AMC $1.29
PERFECT WORLD PWRD 201109 0.63 0.6 61.4 20111121 AMC $12.30
PHOENIX NEW MED FENG 201109 0.05 999 -2350 20111121 AMC $5.34
SHANGPHARMA-ADR SHP 201109 0.18 0.22 -14.29 20111121 BTO $8.25
SHIP FIN INTL SFL 201109 0.4 0.46 4.44 20111121 $14.45
TECH DATA CORP TECD 201110 1.27 1.07 15.79 20111121 BTO $48.66
TRINA SOLAR LTD TSL 201109 0.06 1.08 -63.04 20111121 AMC $6.54
TYSON FOODS A TSN 201109 0.31 0.64 15 20111121 BTO $19.34
VALSPAR CORP VAL 201110 0.7 0.56 0 20111121 $34.61
ZALE CORP NEW ZLC 201110 -1.42 -1.59 8.93 20111121 AMC $3.47
AMER WOODMARK AMWD 201110 -0.22 -0.52 -11.76 20111122 BTO $12.93
CAMPBELL SOUP CPB 201110 0.8 0.82 16.22 20111122 BTO $33.41
CANADIAN SOLAR CSIQ 201109 -0.51 0.47 -17.24 20111122 BTO $2.29
CHICOS FAS INC CHS 201110 0.2 0.16 4.17 20111122 BTO $11.56
CHINA DIG TV STV 201109 0.18 0.17 26.67 20111122 AMC $3.69
CHINA RE IN-ADR CRIC 201109 0.1 0.07 -14.29 20111122 BTO $5.11
CHINA XINIYA FS XNY 201109 0.21 999 25 20111122 BTO $1.58
CITI TRENDS INC CTRN 201110 -0.37 -0.03 3.13 20111122 BTO $10.41
CRACKER BARREL CBRL 201110 0.97 1.01 10 20111122 BTO $45.37
DAKTRONICS INC DAKT 201110 0.13 0.17 -27.27 20111122 BTO $9.79
DELIAS INC DLIA 201110 -0.1 -0.07 -7.69 20111122 BTO $1.37
DIANA CONTAINER DCIX 201109 0.12 -0.01 -200 20111122 BTO $4.83
DSW INC CL-A DSW 201110 0.8 0.79 25.81 20111122 BTO $44.71
EATON VANCE EV 201110 0.43 0.41 4 20111122 BTO $23.54
E-HOUSE CHINA EJ 201109 0.04 0.1 -25 20111122 BTO $6.81
FREDS INC FRED 201110 0.22 0.2 -7.14 20111122 BTO $12.32
GENESCO INC GCO 201110 0.95 0.77 120 20111122 BTO $57.78
GUESS INC GES 201110 0.74 0.75 3.7 20111122 AMC $27.95
HANWHA SOLARONE HSOL 201109 -0.05 0.69 -192.31 20111122 BTO $1.35
HORMEL FOODS CP HRL 201110 0.42 0.45 2.86 20111122 BTO $29.28
JA SOLAR HOLDGS JASO 201109 -0.02 0.5 -633.33 20111122 BTO $1.63
LA-Z-BOY INC LZB 201110 0.14 0.07 -33.33 20111122 AMC $10.17
LDK SOLAR CO LDK 201109 -0.36 0.72 -20 20111122 BTO $3.01
LE GAGA HLD-ADR GAGA 201109 0.11 13.91 -7.69 20111122 BTO $4.39
LTX-CREDENCE CP LTXC 201110 -0.07 0.43 -3.57 20111122 BTO $6.03
MEDTRONIC MDT 201110 0.82 0.82 0 20111122 BTO $33.86
NUANCE COMM INC NUAN 201109 0.3 0.24 4.35 20111122 AMC $24.61
PANDORA MEDIA P 201110 0 999 0 20111122 AMC $12.26
PATTERSON COS PDCO 201110 0.47 0.45 -6.67 20111122 BTO $29.39
QAD INC QADB 201110 0.13 0.5 137.5 20111122 AMC $12.09
RAVEN INDS INC RAVN 201110 0.63 0.63 33.33 20111122 BTO $61.28
SIGNET GRP PLC SIG 201110 0.2 0.07 28.81 20111122 BTO $43.33
SOC QUIMICA MIN SQM 201109 0.56 0.36 4.17 20111122 AMC $56.09
SUNTECH PWR HLD STP 201109 -0.21 0.18 -218.75 20111122 BTO $2.40
TIVO INC TIVO 201110 -0.23 -0.18 15 20111122 AMC $10.12
DEERE & CO DE 201110 1.44 1.07 0.6 20111123 BTO $75.02
DIANA SHIPPING DSX 201109 0.31 0.42 -2.86 20111123 BTO $7.94
HILLENBRAND INC HI 201109 0.37 0.4 -2.56 20111123 AMC $21.00
NJ RESOURCES NJR 201109 0.04 -0.03 4.55 20111123 BTO $47.27
PARTNER COMM PTNR 201109 0.44 0.54 -35.59 20111123 BTO $10.07
RENESOLA LT-ADR SOL 201109 -0.16 0.7 -66.67 20111123 BTO $1.77
YINGLI GREEN EN YGE 201109 0.03 0.49 13.79 20111123 BTO $3.42
ANALOG DEVICES ( ADI ): Free Stock Analysis Report
CAMPBELL SOUP ( CPB ): Free Stock Analysis Report
DEERE & CO ( DE ): Free Stock Analysis Report
HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report
MEDTRONIC ( MDT ): Free Stock Analysis Report
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 firms reporting next week include: Analog Devices ( ADI ), Campbell Soup ( CPB ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods. Europe does not share this holiday, so we will probably get more drama from that side of the pond as well.
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The firms reporting next week include: Analog Devices ( ADI ), Campbell Soup ( CPB ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods. ANALOG DEVICES ( ADI ): Free Stock Analysis Report CAMPBELL SOUP ( CPB ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report MEDTRONIC ( MDT ): Free Stock Analysis Report 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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ANALOG DEVICES ( ADI ): Free Stock Analysis Report CAMPBELL SOUP ( CPB ): Free Stock Analysis Report DEERE & CO ( DE ): Free Stock Analysis Report HEWLETT PACKARD ( HPQ ): Free Stock Analysis Report MEDTRONIC ( MDT ): Free Stock Analysis Report 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 firms reporting next week include: Analog Devices ( ADI ), Campbell Soup ( CPB ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods.
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The firms reporting next week include: Analog Devices ( ADI ), Campbell Soup ( CPB ), Deere ( DE ), Hewlett-Packard ( HPQ ), Medtronic ( MDT ) and Tyson Foods ( TSN ). Things get very busy on Wednesday as initial claims get pushed forward a day and we get data on Personal Income and Spending, as well as new orders for Durable Goods. Europe does not share this holiday, so we will probably get more drama from that side of the pond as well.
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dd4818a1-c2ea-463e-963a-1159d126ee02
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723191.0
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2011-11-11 00:00:00 UTC
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Deere & Co.’s Estimates Cut at Citigroup, but Still a “Buy” (DE)
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DE
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https://www.nasdaq.com/articles/deere-cos-estimates-cut-citigroup-still-buy-de-2011-11-11
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nan
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nan
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Construction and farming equipment maker Deere & Company ( DE ) on Friday caught some cautious commentary from analysts at Citigroup.
The firm said it lowered its earnings estimates on DE through 2012, citing expected pressures on the company's margins next year. Still, Citigroup maintained its "Buy" rating and $83 price target, which suggests a nearly 13% upside to the stock's Thursday closing price of $73.85.
Deere & Co. shares, which have fallen more than 11% year-to-date, rose 62 cents, or +0.8%, in premarket trading Friday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.23% dividend yield, based on last night's closing stock price of $73.58. The stock has technical support in the $67-$70 price area. If the shares can firm up, we see overhead resistance around the $79-$81 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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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Construction and farming equipment maker Deere & Company ( DE ) on Friday caught some cautious commentary from analysts at Citigroup. The firm said it lowered its earnings estimates on DE through 2012, citing expected pressures on the company's margins next year. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.23% dividend yield, based on last night's closing stock price of $73.58.
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Construction and farming equipment maker Deere & Company ( DE ) on Friday caught some cautious commentary from analysts at Citigroup. 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. The firm said it lowered its earnings estimates on DE through 2012, citing expected pressures on the company's margins next year.
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Construction and farming equipment maker Deere & Company ( DE ) on Friday caught some cautious commentary from analysts at Citigroup. Still, Citigroup maintained its "Buy" rating and $83 price target, which suggests a nearly 13% upside to the stock's Thursday closing price of $73.85. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.23% dividend yield, based on last night's closing stock price of $73.58.
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Still, Citigroup maintained its "Buy" rating and $83 price target, which suggests a nearly 13% upside to the stock's Thursday closing price of $73.85. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.23% dividend yield, based on last night's closing stock price of $73.58. Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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4528b14e-d81a-460c-8571-04f8ec876828
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723192.0
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2011-11-02 00:00:00 UTC
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CAT Earnings: Global Growth Remains on Track
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DE
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https://www.nasdaq.com/articles/cat-earnings-global-growth-remains-track-2011-11-02
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nan
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nan
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(Written by Rebecca Lipman)
Caterpillar’s significant presence and role in supplying construction machinery in multinational markets makes it a de facto indicator of the global economy. That’s good news for investors who were pleasantly surprised by CAT’s third-quarter earnings report.
Earnings per share of $1.71 was well ahead of estimates of $1.55, while revenue of $15.7 billion easily beat estimates of $15 billion. The stock has shown an impressive 30.16% rally since the start of October, from $70.55 per share to around $92 per share by Monday afternoon.
Reuters reports backlog orders stand at record levels and higher commodity prices lead to a favorable environment for its growing mining business. Better yet, the company is reporting a 44% quarterly earnings increase due to record revenue, and signaled optimism in its 2012 outlook.
“Construction activity is increasing in developing markets, while buyers in more mature markets — such as the United States — are buying new machinery in order to replace aging fleets rather than investing for growth. Equipment-rental operators are also purchasing new equipment in order to freshen their fleets, the company said.”
So what do the rallying shares mean for the global economic recovery?
According to CAT executives, the company is anticipating developing countries to show continued improvement in what are currently low-level sales. Growth in developing countries is predicted to be similar in 2012 as it was in 2011, meaning high sales of products and services. Overall, CAT expects sales to improve 10% to 20% from the 2011 outlook.
The company is anticipating a slight drop in Chinese demand levels as the government aims to constrict growth. Caterpillar will therefore be building up their China market share with caution.
Otherwise they believe 2011 signals a continued, albeit slow, economic recovery in developed and developing nations. Do you agree? If so, do other construction companies stand to gain as well?
To help you follow the trends on other construction companies here is a list of the 10 largest construction companies by market cap trading on US exchanges.
All of the names are rallying above their 20-day and 50-day moving averages. Do you think they have more momentum to price in?
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. Caterpillar Inc. (CAT): Market cap of $56.46B. Manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Price per share as of 10/24 at $91.9. The stock is currently performing 17.1% above its 20-day MA, 11.96% above its 50-day MA, and -5.18% below its 200-day MA. The stock has had a good month, gaining 18.91%.
2. Deere & Company (DE): Market cap of $29.90B. Provides products and services primarily for agriculture and forestry worldwide. Price per share as of 10/24 at $74.51. The stock is currently performing 9.23% above its 20-day MA, 3.14% above its 50-day MA, and -10.27% below its 200-day MA. The stock has lost 4.71% over the last year.
3. Joy Global, Inc. (JOYG): Market cap of $8.60B. Engages in the manufacture and servicing of mining equipment for the extraction coal, copper, iron ore, oil sands, and other minerals worldwide. Price per share as of 10/24 at $86.25. The stock is currently performing 20.64% above its 20-day MA, 15.1% above its 50-day MA, and -1.41% below its 200-day MA. This is a risky stock that is significantly more volatile than the overall market (beta = 2.15). The stock has had a good month, gaining 28.22%.
4. CNH Global NV (CNH): Market cap of $7.73B. Distributes a line of agricultural and construction equipment and parts worldwide. Price per share as of 10/24 at $33.94. The stock is currently performing 19.2% above its 20-day MA, 15.17% above its 50-day MA, however the stock still trades -15.49% below its 200-day MA. This is a risky stock that is significantly more volatile than the overall market (beta = 2.55). The stock has had a couple of great days, gaining 5.57% over the last week.
5. AGCO Corporation (AGCO): Market cap of $3.86B. Distributes agricultural equipment and related replacement parts worldwide. Price per share as of 10/24 at $41.63. The stock has recently rebounded, and is currently trading 13.09% above its 20-day MA and 6.92% above its 50-day MA. However, the stock still trades -13.23% below its 200-day MA. The stock has had a good month, gaining 11.02%.
6. Terex Corp. (TEX): Market cap of $1.53B. Terex Corporation manufactures and markets machinery products, equipment, and related replacement parts and components for construction, quarrying, mining, shipping, transportation, refining, energy, and utility industries. Price per share as of 10/24 at $14.9. The stock is currently performing 22.81% above its 20-day MA, 11.16% above its 50-day MA, and -43.42% below its 200-day MA. This is a risky stock that is significantly more volatile than the overall market (beta = 2.68). The stock has had a good month, gaining 30.4%.
7. Manitowoc Co. Inc. (MTW): Market cap of $1.12B. Engages in the manufacture and sale of cranes and related products, and foodservice equipment. Price per share as of 10/24 at $9.19. The stock is currently performing 19.74% above its 20-day MA, 4.38% above its 50-day MA, and -40.48% below its 200-day MA. This is a risky stock that is significantly more volatile than the overall market (beta = 2.78). The stock has had a good month, gaining 24.42%.
8. Astec Industries, Inc. (ASTE): Market cap of $753.08M. Engages in the design, engineering, manufacture, and marketing of equipment and components used in road building, utility, and related construction activities worldwide. Price per share as of 10/24 at $33.88. The stock is currently performing 8.22% above its 20-day MA, 6.39% above its 50-day MA, and -1.43% below its 200-day MA. The stock is a short squeeze candidate, with a short float at 5.55% (equivalent to 7.77 days of average volume). The stock has gained 11.3% over the last year.
9. Lindsay Corporation (LNN): Market cap of $682.63M. Designs, manufactures, and sells automated agricultural irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. Price per share as of 10/24 at $57.93. The stock is currently performing 4.96% above its 20-day MA, 2.48% above its 50-day MA, and -10.65% below its 200-day MA. The stock is a short squeeze candidate, with a short float at 16.48% (equivalent to 9.67 days of average volume). It's been a rough couple of days for the stock, losing 8.17% over the last week.
10. Nacco Industries Inc. (NC): Market cap of $608.28M. Engages in lift trucks, small appliances, specialty retail, and mining businesses primarily in the Americas, Europe, and the Asia-Pacific. Price per share as of 10/24 at $76.88. The stock is currently performing 12.68% above its 20-day MA, 9.07% above its 50-day MA, and -16.9% below its 200-day MA. This is a risky stock that is significantly more volatile than the overall market (beta = 2.32). The stock has had a good month, gaining 18.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Written by Rebecca Lipman) Caterpillar’s significant presence and role in supplying construction machinery in multinational markets makes it a de facto indicator of the global economy. Reuters reports backlog orders stand at record levels and higher commodity prices lead to a favorable environment for its growing mining business. “Construction activity is increasing in developing markets, while buyers in more mature markets — such as the United States — are buying new machinery in order to replace aging fleets rather than investing for growth.
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Distributes agricultural equipment and related replacement parts worldwide. Engages in the design, engineering, manufacture, and marketing of equipment and components used in road building, utility, and related construction activities worldwide. (Written by Rebecca Lipman) Caterpillar’s significant presence and role in supplying construction machinery in multinational markets makes it a de facto indicator of the global economy.
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The stock is currently performing 19.2% above its 20-day MA, 15.17% above its 50-day MA, however the stock still trades -15.49% below its 200-day MA. (Written by Rebecca Lipman) Caterpillar’s significant presence and role in supplying construction machinery in multinational markets makes it a de facto indicator of the global economy. Reuters reports backlog orders stand at record levels and higher commodity prices lead to a favorable environment for its growing mining business.
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Equipment-rental operators are also purchasing new equipment in order to freshen their fleets, the company said.” So what do the rallying shares mean for the global economic recovery? (Written by Rebecca Lipman) Caterpillar’s significant presence and role in supplying construction machinery in multinational markets makes it a de facto indicator of the global economy. Reuters reports backlog orders stand at record levels and higher commodity prices lead to a favorable environment for its growing mining business.
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2011-10-10 00:00:00 UTC
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Market Wrap-Up for Oct.10 (BAC, MS, JPM, GS, FCX, GLD, more)
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https://www.nasdaq.com/articles/market-wrap-oct10-bac-ms-jpm-gs-fcx-gld-more-2011-10-10
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As of today's close, the markets have staged a 1,000 point swing to the upside from last Tuesday's intraday lows on the Dow. The massive rally has been helped by numerous rumors of European TARP-like bank bailouts. Is this a true basis to become bullish on the markets? Investors overseas are hoping history will repeat as we saw U.S. markets begin to rebound sharply in the spring of 2009 following the U.S. TARP program. The one not-so-shining takeaway from today's 300 point rise on the Dow and nearly 90 point jump on the Nasdaq, was the abysmally low volume. As I've said all too often before, we'll take the gains as it helps many a poorly-positioned trader get back some of what has been lost. However for dividend investors we need to see better confirmation in our data before getting giddy about more names to our "Best Dividend Stocks" list.
Looking at the action more closely, financial names gained back some of Friday's losses, with Morgan Stanley ( MS ), J.P. Morgan ( JPM ), and Goldman Sachs ( GS ) all pushing higher. Bank of America ( BAC ) was up just a bit today, even as news the company will be issuing multi-million dollar severance packages to several departing executives (despite the bank's current financial struggles). Whether you support the "Occupy Wall Street" protestors or not, news of multi-million-dollar severance packages from embattled banks certainly gives a bit more headline news leverage to their cause.
Elsewhere, we saw more of the beaten-up names begin to recoup some of the damage from last quarter, including Dow Chemical ( DOW ), Freeport McMoran ( FCX ), and Deere & Co. ( DE ).
On one last note, gold prices ( GLD ) were also sharply higher today. I noted this could be the case with a Euro-TARP initiative being rumored. If gold does put together a strong rally but fails to reach a new high, the long-term trend for the yellow metal could become very tenuous.
Momentum Stocks/Trading - Leave It to the Pros (actually only 10% of them)
Nothing changes when it comes to my rants on business media today. Regardless of the headlines, the coverage is always about the stocks "investors" should be owning going into the earnings reporting seasons (translation: what stocks should be rented to ride any upside surprises in). Unfortunately there is no scorecard kept for the numerous well-known momentum stocks that have absolutely crushed portfolios for some. Look at these three for example:
The recent three-month high for Netflix ( NFLX ) - $300, now trading around $125.
The recent three-month high for Illumina ( ILMN ) - $76, now trading around $27.
The recent three month high for Sohu.com ( SOHU ) - $90, now trading around $57.
It's not just the non-dividend stocks that have been in focus when it comes to losses. Look at these high-beta low-dividend-yielding plays we have been warning readers about.
Freeport McMoran ( FCX ) - recent three-month high of $56, now trading around $35-$36 range.
Carbo Ceramics ( CRR ) - recent three-month high of $180, now trading in the $116-$118 range.
It is said (but not completely documented as far as we can find) that only 10% of traders can make a living sitting in front of a computer day-in, day-out, trying to beat the markets. Those are horrible odds for anyone looking to trade full-time.
Now when you see rallies like we have this morning, it's tempting to buy stocks hoping for double-digit dollar amounts like some are seeing so far. However, most days aren't anything like today. Most of the time, traders are trying to grind out wins in a market that moves sideways. Granted, the volatility has been extreme since machine trading has played a bigger and bigger role. However, the sudden moves tend to ruin many strategies, especially for technical-style traders who watch certain moving averages for signs of stocks being over-bought or over-sold.
Dividend stocks may seem boring and have certainly been portrayed as such by the business media, but slow and steady has been the winning mantra for decades. Much historical data continues to back what we advocate is the best way to outperform the markets: owning high-quality dividend stocks. I know there will still be investors that want to roll the occasional dice, but please use as much discipline as possible and never leave yourself vulnerable to taking big losses. Use sell-stops at all times if you decide to test your carnival-style luck at winning the daily trading prizes.
Trading tends to be all about emotion of catching the next big move, up or down. Think about how many things people do well when it comes to money when there is a lot of emotion involved. The easy answer: not many!
Commitment to Excellence
Speaking of emotions, it was a tough weekend for sports fans on the east coast as the Phillies and Yankees were both eliminated from the MLB Playoffs. Fans of those teams naturally point to complacency and the lack of fire for failing to take their talents to a World Series championship. It's often very difficult in sports to get our arms around the real reasons some teams win and some don't (as well some players that perform well in a big spot and some don't). Either way, the conversation tends to be filled with emotion.
We also heard about the passing of legendary Oakland Raiders owner Al Davis this weekend. Davis was a well-known figure who tended to run his franchise with an iron fist. He was also known to coin the phrase "Commitment to Excellence," and the Raiders won three Super Bowls during Mr. Davis' tenure.
When I look at my kids' daily lives, I am always hoping they perform to the best of their abilities, regardless of the situation. As much as we like to see success in their sports' achievements, it is the academics I love to praise more whenever possible. It can be tough to bring the same emotion when it comes to motivating the academic muscles, but whether you have children, employees, a spouse, or just yourself, you can not afford to lose sight of the most important factors affecting your life.
In the words of Al Davis, a commitment to excellence should be a daily routine we can not take for granted. At Dividend.com, we don't lose sight of this fact. It is impossible to nail every call or analysis you make, but if you hit a majority of them, good things will happen. This only comes with preparation, discipline, and the drive to succeed.
Did You Miss Our Weekend Updates?
I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles, including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. These articles are a great way to catch up on the week that was in the markets. We also have a rundown of how various Dividend ETFs performed on the week.
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 can be tough to bring the same emotion when it comes to motivating the academic muscles, but whether you have children, employees, a spouse, or just yourself, you can not afford to lose sight of the most important factors affecting your life. I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles, including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. As of today's close, the markets have staged a 1,000 point swing to the upside from last Tuesday's intraday lows on the Dow.
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Elsewhere, we saw more of the beaten-up names begin to recoup some of the damage from last quarter, including Dow Chemical ( DOW ), Freeport McMoran ( FCX ), and Deere & Co. ( DE ). As of today's close, the markets have staged a 1,000 point swing to the upside from last Tuesday's intraday lows on the Dow. As I've said all too often before, we'll take the gains as it helps many a poorly-positioned trader get back some of what has been lost.
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However for dividend investors we need to see better confirmation in our data before getting giddy about more names to our "Best Dividend Stocks" list. Regardless of the headlines, the coverage is always about the stocks "investors" should be owning going into the earnings reporting seasons (translation: what stocks should be rented to ride any upside surprises in). Much historical data continues to back what we advocate is the best way to outperform the markets: owning high-quality dividend stocks.
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However for dividend investors we need to see better confirmation in our data before getting giddy about more names to our "Best Dividend Stocks" list. Most of the time, traders are trying to grind out wins in a market that moves sideways. As of today's close, the markets have staged a 1,000 point swing to the upside from last Tuesday's intraday lows on the Dow.
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2011-10-06 00:00:00 UTC
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Deere’s Target and Estimates Cut at Credit Suisse; European Weakness Persists (DE)
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https://www.nasdaq.com/articles/deeres-target-and-estimates-cut-credit-suisse-european-weakness-persists-de-2011-10-06
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday saw its price target and earnings estimates lowered by analysts at Credit Suisse.
The firm maintained its "Outperform" rating on DE but cut its price target to $86, suggesting a smaller 30% upside to the stock's Wednesday closing price of $66.16.
Credit Suisse also lowered its earnings estimates, citing recent European channel checks that indicated a slowdown in orders.
Deere shares posted modest gains in premarket trading Thursday.
The Bottom Line
Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $66.16. The stock has technical support in the $61-$62 price area. If the shares can firm up, we see overhead resistance around the $70-$75 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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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Farming and construction equipment maker Deere & Company ( DE ) on Thursday saw its price target and earnings estimates lowered by analysts at Credit Suisse. Credit Suisse also lowered its earnings estimates, citing recent European channel checks that indicated a slowdown in orders. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $66.16.
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday saw its price target and earnings estimates lowered by analysts at Credit Suisse. 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. The firm maintained its "Outperform" rating on DE but cut its price target to $86, suggesting a smaller 30% upside to the stock's Wednesday closing price of $66.16.
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday saw its price target and earnings estimates lowered by analysts at Credit Suisse. The firm maintained its "Outperform" rating on DE but cut its price target to $86, suggesting a smaller 30% upside to the stock's Wednesday closing price of $66.16. The Bottom Line Shares of Deere & Co. ( DE ) have a 2.48% dividend yield, based on last night's closing stock price of $66.16.
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Farming and construction equipment maker Deere & Company ( DE ) on Thursday saw its price target and earnings estimates lowered by analysts at Credit Suisse. The firm maintained its "Outperform" rating on DE but cut its price target to $86, suggesting a smaller 30% upside to the stock's Wednesday closing price of $66.16. Credit Suisse also lowered its earnings estimates, citing recent European channel checks that indicated a slowdown in orders.
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2011-09-28 00:00:00 UTC
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Market Wrap-Up for Sept.28 (ACN, JBL, DRI, CAT, DE, MJN, more)
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DE
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https://www.nasdaq.com/articles/market-wrap-sept28-acn-jbl-dri-cat-de-mjn-more-2011-09-28
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There is an old Wall Street adage that says investors should sell on Rosh Hashanah and buy on Yom Kippur. I haven't quite seen a study on how successful this strategy would be, but I will pass along any anecdotes if I run across some data supporting it.
Looking at today's market action, we saw an early pop soon give way as sellers took over the action by the close. Earnings reports were plentiful this morning, and the news was good for companies such as Jabil Circuit ( JBL ) and Accenture ( ACN ) (both did pull off their intraday highs), while not as good for Darden Restaurants ( DRI ) and McCormick & Co. ( MKC ). An early upgrade of industrial/cyclical plays, including Cummins Inc. ( CMI ), Deere ( DE ), and Caterpillar ( CAT ) failed to have much of an impact as all three names finished poorly on the day. Finally, some of the higher beta, low-dividend yield winners this past quarter saw some profit-taking, including Mead Johnson Nutrition ( MJN ), Carbo Ceramics ( CRR ), Estee Lauder ( EL ), and Ralph Lauren ( RL ).
Gold ( GLD ) and Silver ( SLV ) prices could not muster much momentum today after finally seeing the recent price slide come to a halt yesterday.
The Rosh Hashanah holiday begins today at sundown and ends tomorrow at sundown, so expect some lighter-than-normal volume in tomorrow's trading session.
Inflation Will Find You
The average annual cost of a family health insurance policy climbed 9% in 2011 to $15,073, according to a poll of 2,088 private companies and state and local governments by the Henry J. Kaiser Family Foundation and American Hospital Association's Health Research and Educational Trust. This increase is the biggest since 2005, and costs are projected to reach staggering $32,175 for a family by 2021.
This trend certainly puts more pressure on corporations and small businesses trying to factor in fixed costs as they look forward with their projections. Rising costs hamper companies' ability to grow (hire new workers) and raise compensation (wage increases).
Employees are paying 28% of healthcare premiums on average for family plans this year, similar to last year. The proportion of health insurance premiums paid by workers has risen 131% since 2001, however. Sixty percent of employers said they offered medical benefits this year, a decrease from 69 percent in 2010.
Companies are offsetting escalating healthcare costs by offering higher deductible premiums. This year, 17 percent of covered workers were enrolled in such plans, compared with 13 percent last year and just 8 percent in 2009.
How Investors Are Fighting Fixed Cost Inflation
I have talked about several strategies investors can use to help offset inflation. As always, your biggest ally is buying assets that produce income. The Financial Times just highlighted the fact this past weekend that U.S. investors have put $2.5 billion in Exchange Traded Funds that track dividend-paying stocks since July.
Your wealth will only deteriorate if you don't acquire income-producing assets. Taxes and inflation (despite what the government says, prices ARE higher for many everyday items) will chew up accounts of those who let their money rot. And as I've said before, The Federal Reserve is clearly not on the side of the saver these days. The Fed has pledged to keep rates at all-time lows for the foreseeable future. Now there's nothing wrong with raising cash if you want to, but sitting on that money for long periods of time will never provide you with good best investment returns.
In investing, compound interest is a must-have tool if you allow your investment income to grow. That's why I stress to our readers that the trend of rising dividend payouts and profits will keep many portfolios ahead of any potential inflation threats.
Taking too little risk is a big problem for seniors as well. There aren't many investment vehicles out there that will allow you to outpace taxes and inflation. Interest rates are historically low, so money markets and checking accounts really have nothing to offer. That's why we love dividend stocks so much!
Even if health care costs aren't factor in your specific situation, a forecast out from the Department of Agriculture yesterday said food price inflation will likely persist in 2012, with prices expected to increase 2.5% to 3.5%.
Keeping up with inflation is critical, and the income generated from quality dividend-paying stocks should be a key part of anyone's strategy.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in thefinancial newsloop that could affect them. Thanks again!
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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An early upgrade of industrial/cyclical plays, including Cummins Inc. ( CMI ), Deere ( DE ), and Caterpillar ( CAT ) failed to have much of an impact as all three names finished poorly on the day. Finally, some of the higher beta, low-dividend yield winners this past quarter saw some profit-taking, including Mead Johnson Nutrition ( MJN ), Carbo Ceramics ( CRR ), Estee Lauder ( EL ), and Ralph Lauren ( RL ). The Financial Times just highlighted the fact this past weekend that U.S. investors have put $2.5 billion in Exchange Traded Funds that track dividend-paying stocks since July.
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Companies are offsetting escalating healthcare costs by offering higher deductible premiums. 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. Earnings reports were plentiful this morning, and the news was good for companies such as Jabil Circuit ( JBL ) and Accenture ( ACN ) (both did pull off their intraday highs), while not as good for Darden Restaurants ( DRI ) and McCormick & Co. ( MKC ).
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Even if health care costs aren't factor in your specific situation, a forecast out from the Department of Agriculture yesterday said food price inflation will likely persist in 2012, with prices expected to increase 2.5% to 3.5%. Earnings reports were plentiful this morning, and the news was good for companies such as Jabil Circuit ( JBL ) and Accenture ( ACN ) (both did pull off their intraday highs), while not as good for Darden Restaurants ( DRI ) and McCormick & Co. ( MKC ). An early upgrade of industrial/cyclical plays, including Cummins Inc. ( CMI ), Deere ( DE ), and Caterpillar ( CAT ) failed to have much of an impact as all three names finished poorly on the day.
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That's why we love dividend stocks so much! Earnings reports were plentiful this morning, and the news was good for companies such as Jabil Circuit ( JBL ) and Accenture ( ACN ) (both did pull off their intraday highs), while not as good for Darden Restaurants ( DRI ) and McCormick & Co. ( MKC ). An early upgrade of industrial/cyclical plays, including Cummins Inc. ( CMI ), Deere ( DE ), and Caterpillar ( CAT ) failed to have much of an impact as all three names finished poorly on the day.
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2011-09-07 00:00:00 UTC
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Industrial Stocks: Mixed News on the Future of U.S. Factories
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https://www.nasdaq.com/articles/industrial-stocks-mixed-news-future-us-factories-2011-09-07
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(List compiled by Becca Lipman)
Good news for US factories: Orders for motor vehicles and aircrafts have increased in July to its highest levels in four months, negating the drop in orders for business equipment.
In total, U.S factories orders increased by 2.5%, beating analyst expectations. This is according to Bloomberg, which writes, "Factory orders were projected to rise 2 percent, following a previously reported drop of 0.8 percent in June, according to the Bloomberg survey of 59 economists. Estimates ranged from gains of 0.6 percent to 3.5 percent."
"Demand for durable goods, which make up just over half of total factory demand, rose 4.1 percent" according to today's Institute for Supply Management report. Non-durable goods rose 1%.
But how good is this good news? The earthquake in Japan slowed down manufacturing, and July's stellar increase could simply be the industry "catching up" with the halted demand.
In fact, without the demand for planes and automobiles, factories orders overall fell "0.9 percent, less than estimated last week, after rising 0.8 percent the prior month."
Weak demand and an uncertain future means even fewer orders are expected. Meanwhile, big-ticket orders can only sustain the industry for so long.
According to Bloomberg, business activity in August expanded at a slower pace while the economy's "business barometer" is reportedly on the fence (53 of 100) of expansion and contraction, and expected to dip even closer towards the danger zone (below 50).
Interested in keeping tabs on the future of factories? To help you follow the industry, we list below this year's best performing large cap (over $10B) industrial goods stocks.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. Precision Castparts Corp. (PCP): Metal Fabrication Industry. Market cap of $23.60B. In the past year, the company gained 36.69% in market value. The stock has had a couple of great days, gaining 5.53% over the last week.
2. Caterpillar Inc. (CAT): Farm & Construction Machinery Industry. Market cap of $58.79B. In the past year, the company gained 36% in market value. The stock has had a couple of great days, gaining 6.56% over the last week.
3. Fluor Corporation (FLR): Heavy Construction Industry. Market cap of $10.55B. In the past year, the company gained 31.8% in market value. The stock has had a couple of great days, gaining 5.47% over the last week.
4. Goodrich Corp. (GR): Aerospace/Defense Products & Services Industry. Market cap of $11.15B. In the past year, the company gained 26.32% in market value. The stock has gained 26.32% over the last year.
5. Deere & Company (DE): Farm & Construction Machinery Industry. Market cap of $33.92B. In the past year, the company gained 23.6% in market value. The stock has had a couple of great days, gaining 7.62% over the last week.
6. Dover Corp. (DOV): Diversified Machinery Industry. Market cap of $10.70B. In the past year, the company gained 23.01% in market value. The stock has had a couple of great days, gaining 5.85% over the last week.
7. Parker Hannifin Corporation (PH): Industrial Equipment & Components Industry. Market cap of $11.91B. In the past year, the company gained 20.04% in market value. The stock has had a couple of great days, gaining 8.82% over the last week.
8. Honeywell International Inc. (HON): Aerospace/Defense Products & Services Industry. Market cap of $37.41B. In the past year, the company gained 19.91% in market value. The stock has had a couple of great days, gaining 6.67% over the last week.
9. Eaton Corporation (ETN): Industrial Electrical Equipment Industry. Market cap of $14.65B. In the past year, the company gained 17.83% in market value. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 3.17%, current ratio at 1.74, and quick ratio at 1.22. The stock has had a couple of great days, gaining 5.53% over the last week.
10. Cummins Inc. (CMI): Diversified Machinery Industry. Market cap of $18.09B. In the past year, the company gained 17.74% in market value. The stock has had a couple of great days, gaining 7.32% over the last week.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(List compiled by Becca Lipman) Good news for US factories: Orders for motor vehicles and aircrafts have increased in July to its highest levels in four months, negating the drop in orders for business equipment. The earthquake in Japan slowed down manufacturing, and July's stellar increase could simply be the industry "catching up" with the halted demand. Weak demand and an uncertain future means even fewer orders are expected.
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In total, U.S factories orders increased by 2.5%, beating analyst expectations. "Demand for durable goods, which make up just over half of total factory demand, rose 4.1 percent" according to today's Institute for Supply Management report. Deere & Company (DE): Farm & Construction Machinery Industry.
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(List compiled by Becca Lipman) Good news for US factories: Orders for motor vehicles and aircrafts have increased in July to its highest levels in four months, negating the drop in orders for business equipment. In total, U.S factories orders increased by 2.5%, beating analyst expectations. This is according to Bloomberg, which writes, "Factory orders were projected to rise 2 percent, following a previously reported drop of 0.8 percent in June, according to the Bloomberg survey of 59 economists.
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(List compiled by Becca Lipman) Good news for US factories: Orders for motor vehicles and aircrafts have increased in July to its highest levels in four months, negating the drop in orders for business equipment. In total, U.S factories orders increased by 2.5%, beating analyst expectations. This is according to Bloomberg, which writes, "Factory orders were projected to rise 2 percent, following a previously reported drop of 0.8 percent in June, according to the Bloomberg survey of 59 economists.
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6b82d805-4103-48e5-a64f-aad5af96c2dd
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723197.0
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2011-08-23 00:00:00 UTC
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Food Prices: How to Prepare Your Portfolio for a Spike in Food Prices
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DE
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https://www.nasdaq.com/articles/food-prices-how-prepare-your-portfolio-spike-food-prices-2011-08-23
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nan
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nan
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(List compiled by Becca Lipmann. Data sourced from Finviz.)
Corn is in nearly every US food product in some form, from Twinkies to animal feed, making corn production the single largest driver of food prices.
Here's some bad news: this year's corn yield is less than expected, meaning elevated food prices for the next year.
Fabulous! On top of the already stunted economy, high unemployment, outrageous government debt, we can count higher food prices among the catalysts for more food stamps, government subsidies, lower consumer spending, and a greater lean towards more low-cost high-calorie foods quintessential in increasing diabetes and obesity rates. Happy days indeed.
Heat waves and spring floods are largely to blame for the poor crop yield, which was originally expected to be a record high. In fact, more corn was planted this year than any other, taking arable land away from wheat and soybean - which knocked up their prices as well.
USA today reports: "U.S. corn prices have surged about 70% since August 2010 to more than $7 a bushel because of rising demand in emerging markets such as China and a Russian ban on wheat exports after a drought last year. Wheat and corn are used interchangeably as feed for cows and poultry. Corn futures for September delivery closed Friday at $7.11 a bushel." The U.S. Department of Agriculture has cut its forecast for the fall harvest from 13.5 billion bushels to 12.9 billion.
Interested in analyzing the trend? Below we list a few companies that have an exposure to higher food prices. Use the list as a starting-off point for your own analysis.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. Unilever plc (UL): Food Diversified Industry. Market cap of $95.61B. The stock has gained 32.03% over the last year. Its product categories include savory, dressings & spread and ice cream & beverages. This includes soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads, cooking products, ice cream and beverages include the sales of ice cream, tea-based beverages, weight management products, and nutritionally enhanced staples sold in developing markets.
2. Kraft Foods Inc. (KFT): Food Diversified Industry. Market cap of $59.25B. The stock has gained 19.31% over the last year. It manufactures and markets packaged food products, including biscuits, confectionery, beverages, cheese, convenient meals and various packaged grocery products. Brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings, and Oscar Mayer meats.
3. Potash Corp. of Saskatchewan, Inc. (POT): Agricultural Chemicals Industry. Market cap of $43.81B. It's been a rough couple of days for the stock, losing 8.04% over the last week. It is an integrated fertilizer and related industrial and feed products company. It owns and operates five potash mines (used in fertilizer) in Saskatchewan and one in New Brunswick. Its business includes the manufacture and sale of solid and liquid phosphate fertilizers; animal feed supplements and industrial acid, which is used in food products and industrial processes.
4. Monsanto Co. (MON): Agricultural Chemicals Industry. Market cap of $34.91B. It's been a rough couple of days for the stock, losing 6.56% over the last week. It is a provider of agricultural products for farmers. It produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and it develops biotechnology traits that assist farmers in controlling insects and weeds. It also provides other seed companies with genetic material and biotechnology traits for their seed brands. It is a leader in agricultural genomics (ie, Genetically Modified Organisms or GMOs).
5. Deere & Company (DE): Farm & Construction Machinery Industry. Market cap of $29.38B. It's been a rough couple of days for the stock, losing 8.5% over the last week. It manufactures and distributes a line of farm and turf equipment and related service parts including large, medium and utility tractors; loaders; combines, cotton and sugarcane harvesters and related front-end equipment and sugarcane loaders; tillage, seeding and application equipment. Its owns and operates the popular John Deere brand of machinery.
6. Mosaic Co. (MOS): Specialty Chemicals Industry. Market cap of $28.04B. It's been a rough couple of days for the stock, losing 5.49% over the last week. It is a producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. It produces phosphate-based animal feed ingredients in the United States, sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally, and produces and sells potash throughout North America and internationally, principally as fertilizer.
7. Syngenta AG (SYT): Agricultural Chemicals Industry. Market cap of $27.11B. It's been a rough couple of days for the stock, losing 7.5% over the last week. It is an agribusiness operating in the crop protection and seeds businesses, including herbicides; insecticides; fungicides; seed treatments to control weeds, insects and diseases in crops; seeds for field crops, including corn, oilseeds, cereals and sugar beet; vegetable and flower seeds; and pot and bedding plants.
8. Archer Daniels Midland Company (ADM): Farm Products Industry. Market cap of $17.39B. The stock has performed poorly over the last month, losing 14.62%. It is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. It is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of vegetable oil and protein meal, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. It also has a grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities.
9. CF Industries Holdings, Inc. (CF): Agricultural Chemicals Industry. Market cap of $12.24B. The stock has gained 92.93% over the last year. It is a manufacturer and distributor of nitrogen and phosphate fertilizer products. Its principal products in the nitrogen segment are ammonia, urea, urea ammonium nitrate solution, ammonium nitrate, diesel exhaust fluid and aqua ammonia. Its principal products in the phosphate segment are diammonium phosphate and monoammonium phosphate.
10. Agrium Inc. (AGU): Agricultural Chemicals Industry. Market cap of $12.15B. It's been a rough couple of days for the stock, losing 8.37% over the last week. It is a global producer and marketer of agricultural products. It sells crop nutrients, crop protection products, seed and services directly to growers, produces, markets and distributes three primary groups of nutrients, which includes nitrogen, potash and phosphate for agricultural and industrial customers worldwide, and produces and markets controlled-release crop nutrients and micronutrients in the broad-based agriculture, specialty agriculture, professional turf, horticulture, and consumer lawn and garden markets worldwide.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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USA today reports: "U.S. corn prices have surged about 70% since August 2010 to more than $7 a bushel because of rising demand in emerging markets such as China and a Russian ban on wheat exports after a drought last year. It produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and it develops biotechnology traits that assist farmers in controlling insects and weeds. On top of the already stunted economy, high unemployment, outrageous government debt, we can count higher food prices among the catalysts for more food stamps, government subsidies, lower consumer spending, and a greater lean towards more low-cost high-calorie foods quintessential in increasing diabetes and obesity rates.
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It is an agribusiness operating in the crop protection and seeds businesses, including herbicides; insecticides; fungicides; seed treatments to control weeds, insects and diseases in crops; seeds for field crops, including corn, oilseeds, cereals and sugar beet; vegetable and flower seeds; and pot and bedding plants. On top of the already stunted economy, high unemployment, outrageous government debt, we can count higher food prices among the catalysts for more food stamps, government subsidies, lower consumer spending, and a greater lean towards more low-cost high-calorie foods quintessential in increasing diabetes and obesity rates. Happy days indeed.
|
Its business includes the manufacture and sale of solid and liquid phosphate fertilizers; animal feed supplements and industrial acid, which is used in food products and industrial processes. It sells crop nutrients, crop protection products, seed and services directly to growers, produces, markets and distributes three primary groups of nutrients, which includes nitrogen, potash and phosphate for agricultural and industrial customers worldwide, and produces and markets controlled-release crop nutrients and micronutrients in the broad-based agriculture, specialty agriculture, professional turf, horticulture, and consumer lawn and garden markets worldwide. On top of the already stunted economy, high unemployment, outrageous government debt, we can count higher food prices among the catalysts for more food stamps, government subsidies, lower consumer spending, and a greater lean towards more low-cost high-calorie foods quintessential in increasing diabetes and obesity rates.
|
Its business includes the manufacture and sale of solid and liquid phosphate fertilizers; animal feed supplements and industrial acid, which is used in food products and industrial processes. On top of the already stunted economy, high unemployment, outrageous government debt, we can count higher food prices among the catalysts for more food stamps, government subsidies, lower consumer spending, and a greater lean towards more low-cost high-calorie foods quintessential in increasing diabetes and obesity rates. Happy days indeed.
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966ffc5a-2712-499f-b479-a9f772ecf7d9
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723198.0
|
2011-08-17 00:00:00 UTC
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Deere Q3 Earnings Beat View; Forecast Boosted (DE)
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DE
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https://www.nasdaq.com/articles/deere-q3-earnings-beat-view-forecast-boosted-de-2011-08-17
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nan
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nan
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal third quarter earnings results and raised its full-year profit forecast.
The Moline, IL-based company reported fiscal third quarter net income of $712.3 million, or $1.69 per share, compared with $617 million, or $1.44 per share, in the year-ago period.
Revenue rose 22% from last year to $8.37 billion.
On average, Wall Street analysts expected a smaller profit of $1.67 per share on lower revenue of $7.50 billion.
Looking ahead, the company raised its full-year profit forecast to $2.7 billion, up from $2.65 billion, but still below analyst estimates for $2.72 billion.
Deere shares fell 61 cents, or -0.8%, in premarket trading Wednesday.
The Bottom Line
Shares of Deere ( DE ) have a 2.18% dividend yield, based on last night's closing stock price of $75.16. The stock has technical support in the $67-$70 price area. If the shares can firm up, we see overhead resistance around the $78-$80 price levels.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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.
|
Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal third quarter earnings results and raised its full-year profit forecast. The Bottom Line Shares of Deere ( DE ) have a 2.18% dividend yield, based on last night's closing stock price of $75.16. Deere shares fell 61 cents, or -0.8%, in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal third quarter earnings results and raised its full-year profit forecast. Deere shares fell 61 cents, or -0.8%, in premarket trading Wednesday. The Bottom Line Shares of Deere ( DE ) have a 2.18% dividend yield, based on last night's closing stock price of $75.16.
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The Bottom Line Shares of Deere ( DE ) have a 2.18% dividend yield, based on last night's closing stock price of $75.16. Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal third quarter earnings results and raised its full-year profit forecast. Deere shares fell 61 cents, or -0.8%, in premarket trading Wednesday.
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Farming and construction equipment maker Deere & Company ( DE ) on Wednesday posted better-than-expected fiscal third quarter earnings results and raised its full-year profit forecast. The Bottom Line Shares of Deere ( DE ) have a 2.18% dividend yield, based on last night's closing stock price of $75.16. Deere shares fell 61 cents, or -0.8%, in premarket trading Wednesday.
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f178f2b1-6868-4905-9237-ca7c9f46cc61
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723199.0
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2011-08-11 00:00:00 UTC
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Report: SEC Probing Deere Over Bribery Allegations (DE)
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DE
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https://www.nasdaq.com/articles/report-sec-probing-deere-over-bribery-allegations-de-2011-08-11
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nan
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nan
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According to a Wall Street Journal report, farm and construction equipment maker Deere & Company ( DE ) is being investigated by the Securities and Exchange Commission (SEC) for allegedly bribing foreign officials.
Citing two people familiar with the matter, the report claims that Deere received an inquiry in July regarding payments made to officials in Russia and other nearby countries.
Those payments could be in violation of the Foreign Corrupt Practices Act, which was designed to prevent companies from bribing foreign officials to obtain lucrative contracts.
A Deere spokesman commented, "The SEC has informed Deere that this is a non-public fact-finding inquiry to determine whether there have been any violations of the federal securities laws, and that the inquiry and document request do not mean that the SEC has concluded that Deere has broken the law."
Deere shares fell 67 cents, or -1%, in premarket trading Thursday.
The Bottom Line
Shares of Deere ( DE ) have a 2.42% dividend yield, based on last night's closing stock price of $67.89. The stock has technical support in the $62-$65 price area. If the shares can firm up, we see overhead resistance around the $75 price level.
Deere & Company ( DE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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.
|
According to a Wall Street Journal report, farm and construction equipment maker Deere & Company ( DE ) is being investigated by the Securities and Exchange Commission (SEC) for allegedly bribing foreign officials. Citing two people familiar with the matter, the report claims that Deere received an inquiry in July regarding payments made to officials in Russia and other nearby countries. The Bottom Line Shares of Deere ( DE ) have a 2.42% dividend yield, based on last night's closing stock price of $67.89.
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Those payments could be in violation of the Foreign Corrupt Practices Act, which was designed to prevent companies from bribing foreign officials to obtain lucrative contracts. 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. According to a Wall Street Journal report, farm and construction equipment maker Deere & Company ( DE ) is being investigated by the Securities and Exchange Commission (SEC) for allegedly bribing foreign officials.
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According to a Wall Street Journal report, farm and construction equipment maker Deere & Company ( DE ) is being investigated by the Securities and Exchange Commission (SEC) for allegedly bribing foreign officials. A Deere spokesman commented, "The SEC has informed Deere that this is a non-public fact-finding inquiry to determine whether there have been any violations of the federal securities laws, and that the inquiry and document request do not mean that the SEC has concluded that Deere has broken the law." The Bottom Line Shares of Deere ( DE ) have a 2.42% dividend yield, based on last night's closing stock price of $67.89.
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According to a Wall Street Journal report, farm and construction equipment maker Deere & Company ( DE ) is being investigated by the Securities and Exchange Commission (SEC) for allegedly bribing foreign officials. The Bottom Line Shares of Deere ( DE ) have a 2.42% dividend yield, based on last night's closing stock price of $67.89. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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2f7c19b6-1d62-47a0-acad-f509a257be71
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