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Stock Market & Financial Investment News

News Breaks
August 12, 2013
14:42 EDTAGCO, CAT, DECrop report indicates equipment demand likely to drop, says Wells Fargo
After the Department of Agriculture released its August crop report, Wells Fargo says that the modest improvement in row cash receipts was driven by statistical modeling changes. The firm thinks the report provides further evidence that the recent multiyear commodity price super cycle is likely ending, while demand for large farm equipment is likely to drop next year. The firm thinks the report suggests that North American large farm equipment demand could decline 30-50% through 2015. It keeps Underperform ratings on Deere (DE) and AGCO (AGCO).
News For DE;CAT;AGCO From The Last 14 Days
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May 22, 2015
07:03 EDTDEDeere reports Q2 worldwide equipment operations sales down 20%
Deere's equipment operations reported operating profit of $828M in Q2. The declines for both periods were due primarily to lower shipment volumes, the impact of a less favorable product mix and the unfavorable effects of foreign-currency exchange, partially offset by price realization and lower selling, administrative and general expenses. Net income of the company's equipment operations was $524M in Q2.
07:02 EDTDEDeere reports Q2 EPS $2.03, consensus $1.55
Reports Q2 total net sales and revenue $8.17B. Reports Q2 total net sales $7.40B, consensus $7.53B
May 21, 2015
15:27 EDTDEDeere May 88 weekly straddle priced for 3% movement into Q2
15:01 EDTDENotable companies reporting before tomorrow's open
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08:11 EDTDEDeere May weekly volatility increases into Q2 and outlook
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May 20, 2015
10:37 EDTCATCaterpillar April update seems negative for earnings power, says Wells Fargo
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09:14 EDTCATCaterpillar reports retail machines sales down 11% in three months end April
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May 19, 2015
14:51 EDTCATCaterpillar management to meet with William Blair
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May 18, 2015
08:34 EDTDEDeere volatility elevated into Q2 and outlook
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May 15, 2015
13:01 EDTDEOn The Fly: Top stock stories at midday
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10:12 EDTCAT, AGCO, DEJPMorgan says sell Deere ahead of potential liquidity crunch for farmers
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10:01 EDTDEOn The Fly: Analyst Downgrade Summary
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09:40 EDTDEEquity options with increasing volume
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09:28 EDTDELongbow recommends avoiding Deere following global survey
Longbow's global agriculture survey shows that equipment demand has taken "another step down" in Q2 following a 27.1% decline in the Ag & Turf segment in Q1 amid commodity price weakness. The firm believes a recovery in commodity pricing is likely to be pushed out "several" planting cycles. It keeps its below consensus estimates for Deere and recommends not holding the stock. Longbow has an Underperform rating on the name with a $72 price target. Deere was downgraded this morning at JPMorgan to Underweight.
06:43 EDTDEDeere downgraded to Underweight from Neutral at JPMorgan
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May 12, 2015
14:48 EDTDE, AGCOWASDE report bearish for ag equipment demand, says Wells Fargo
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May 11, 2015
10:14 EDTCATAnalyst says buy Caterpillar, Joy Global before mining bottoms
The shares of Joy Global (JOY) and Caterpillar (CAT) are climbing after research firm Baird analyst Mircea Dobre upgraded both names, citing a potential bottom in commodity prices. Both companies develop mining equipment. WHAT'S NEW: In a note to investors earlier today, Baird's Dobre upgraded Joy Global and Caterpillar to Outperform from Market Perform. There are signs that the worst of the downturn in commodity prices may have passed, the analyst stated. Additionally, the shares of both Caterpillar and Joy Global historically bottom three to five quarters before mining equipment shipments rebound, according to Dobre. Consequently, investors who wait for evidence of a turnaround in the companies' mining equipment bookings may be late to the party, the analyst warned. Both stocks have now underperformed the market by amounts that are similar to their worst underperfomance during the early 1980s commodity bust, according to Dobre, who raised the price target on Caterpillar to $101 from $80 and on Joy Global to $62 from $45. PRICE ACTION: In early trading, Joy Global climbed nearly 4% to $43.64 and Caterpillar rose 1.5% to $88.60.
09:59 EDTCATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
09:02 EDTCATCaterpillar upgraded to Outperform at Baird
As reported previously, Baird upgraded Caterpillar to Outperform from Neutral as the firm noted the stock's meaningful underperformance over the past four years and its history of having never underperformed the broader market for five consecutive years. Baird raised its price target to $101 from $80 on Caterpillar shares.
06:23 EDTCATCaterpillar upgraded to Outperform from Neutral at Baird
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