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Stock Market & Financial Investment News

News Breaks
August 22, 2014
12:40 EDTAGCO, DEDeere layoffs consistent with thesis, says Wells Fargo
After Deere (DE) announced that it would lay off 60 employees at its Waterloo, Iowa, manufacturing facility, Wells Fargo says the layoffs are consistent with the firm's view that the farm equipment cycle is in decline. The firm thinks that farm equipment manufacturers' earnings power are poised to decline ,and it keeps Underperform ratings on Deere 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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