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Stock Market & Financial Investment News

News Breaks
August 12, 2014
14:21 EDTAGCO, DEWASDE bearish for farm equipment manufacturers, says Wells Fargo
Wells Fargo notes the USDA adjusted its 2014/2015 forecasts in the August WASDE report, resulting in modestly higher ending stocks to use for corn, soybeans, and wheat. The firm believes weakening commodity market fundamentals continue to suggest a relatively prolonged farm equipment demand decline. Wells views the August report as bearish for farm equipment manufacturers and keeps Underperform ratings on Deere (DE) and AGCO (AGCO).
News For DE;AGCO From The Last 14 Days
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December 15, 2014
10:10 EDTAGCOHigh option volume stocks:
High option volume stocks: RVBD AGCO FRO CRUS UBNT LH PAY PETM OREX KOS
08:45 EDTAGCOAGCO announces new $500M share repurchase program
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December 10, 2014
20:02 EDTDEDeere reports November U.S./Canada utility tractor sales down 'a single digit'
Deere reports its U.S./Canada utility tractor sales were down "a single digit," while the industry rose 8% in November. Deere reports its U.S./Canada row-crop tractor retail sales were down more than the industry, which was down 29% in the month. Deere's U.S./Canada 4WD tractor retail sales were down more than the industry, which was down 45% in the month. In November, Deere's U.S./Canada combines retail sales were down double digits, but less than the industry, which was down 50%. Information from Deere's retail sales comment for November posted to company's investor relations website. Reference Link
13:53 EDTAGCO, DEUSDA data still negative for Ag equipment makers, says Wells Fargo
Wells Fargo estimates USDA data for December indicates row crop cash flow will drop 21% from the prior year, which is consistent with November and still negative for farm equipment demand. The firm keeps its negative view on demand trends for farm equipment makers Deere (DE) and AGCO (AGCO). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.
December 8, 2014
10:12 EDTAGCOAGCO to host analyst meeting
Analyst meeting to be held in New York on December 15 at 8:30 am. Webcast Link

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