New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For DE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | all recent DE news | >>
November 26, 2014
16:14 EDTDEOn The Fly: Closing Wrap
Stocks on Wall Street were modestly higher ahead of the Thanksgiving holiday. The market opened in relatively quiet fashion and remained that way throughout the day. There was little reaction to the host of economic reports that were released during the day as many investors prepared for the Thanksgiving holiday and tried to stay clear of the first winter storm of the season. The volume remained light as it has been all week as investors look toward Black Friday and its effect on the retail industry. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 313K last week from the prior week's 291K first-time claims. Expectations were for claims to fall to 288K. Consumer spending rose a seasonally adjusted 0.2% from the prior month in October, versus the forecast for a 0.3% rise. Personal income increased 0.2%, which also undershot the 0.4% increase that was expected. Durable goods orders rose 0.4% in October from a month earlier, beating expectations for overall orders to fall 0.5%. However, the rise largely reflected a surge in demand for defense aircraft and excluding transportation, orders fell 0.9%, which was the biggest drop since December 2013. The National Association of Realtors' pending home sales index fell 1.1% to 104.1 in October, versus expectations for it to have risen 0.5%. New home sales rose 0.7% to a 458K rate in October, which was bit below the 0.8% increase that was forecast. The University of Michigan consumer confidence final reading for November came in at 88.8, which was not quite as good as the preliminary reading of 89.4 but was up compared to October's 86.9 final figure. In Europe, European Central Bank VP Vitor Constancio said the central bank "will have to consider" buying other assets, including sovereign bonds in the secondary market, early next year if it decides that more aggressive stimulus measures are needed. COMPANY NEWS: Deere (DE) shares fell 72c, or 0.81%, to $87.07 after the company forecast a 20% decline in farm equipment sales for the recently started fiscal year. The company's just completed quarter was more profitable than expected, but its implied EPS forecast for the new fiscal year significantly trailed the consensus forecast. HP (HPQ) advanced $1.56, or 4.16%, to $39.19 after its fourth quarter earnings matched estimates and its revenue came in nearly in-line with the consensus forecast. Following the report, Citigroup said HP's Q4 results show the company's fundamentals are improving, while Wells Fargo believes the company is well-positioned in a number of areas and has "largely turned the corner." MAJOR MOVERS: Among the notable gainers was defense contractor Cubic (CUB), which rose 8.3% after the company’s fourth quarter results surpassed analysts’ consensus estimates and it raised its semi-annual dividend. GoPro (GPRO) was up 5.7% after announcing it was developing its own line of consumer drones. Among the noteworthy losers were two drilling contractors, Seadrill (SDRL) and North Atlantic Drilling (NADL), which fell 23% and 16% respectively after each of the companies announced that they have suspended their dividends. INDEXES: The Dow rose 12.81, or 0.07%, to 17,827.75, the Nasdaq added 29.07, or 0.61%, to 4,787.32, and the S&P 500 gained 5.80, or 0.28%, to 2,072.83.
12:56 EDTDEOn The Fly: Midday Wrap
Subscribe for More Information
10:26 EDTDEDeere says FY14, FY15 Agriculture & Turf sales are reaching 'trough levels'
Despite the challenging conditions, the pullback of agricultural sector and weak agriculture economy, Deere says it expects it to be solidly profitable in the year ahead. Deere says the use of cash priorities includes maintaining an A rating. Deere expects to maintain a 25%-30% payout ratio for its dividends. The company said share repurchases is its preferred method of deploying cash. Comments taken from Q4 earnings conference call.
10:12 EDTDEDeere falls after results, levels to watch
Subscribe for More Information
09:19 EDTDEDeere says economic growth in FY15 continues at slow rate
Subscribe for More Information
09:14 EDTDEDeere guidance negative, says Wells Fargo
After Deere reported stronger than expected Q4 results, Wells Fargo believes that the company's guidance indicates that demand for large farm equipment will continue to drop in FY15. The firm keeps an Underperform rating on the stock.
09:07 EDTDEDeere 2015 guidance likely neagtive, says Wells Fargo
Subscribe for More Information
07:06 EDTDEDeere sees FY15 net income for financial services to be $610M
Subscribe for More Information
07:06 EDTDEDeere sees Construction & Forestry equipment sales to increase 5% in 2015
Subscribe for More Information
07:06 EDTDEDeere expects Agriculture & Turf equipment sales do decrease 20% in FY15
Subscribe for More Information
07:05 EDTDEDeere reports Q4 Agriculture & Turf sales down 13% to $682M
Subscribe for More Information
07:04 EDTDEDeere: global trends remain intact, unaffected by swings in farm economy
Subscribe for More Information
07:03 EDTDEDeere sees FY15 net income to be anticipated at about $1.9B
Subscribe for More Information
07:02 EDTDEDeere: Slowdown most pronounced in sale of large farm machinery
07:02 EDTDEDeere reports Q4 EPS $1.83, consensus $1.57
Subscribe for More Information
November 25, 2014
15:31 EDTDENotable companies reporting before tomorrow's open
Subscribe for More Information
15:28 EDTDEDeere November weekly 88 straddle priced for 3.3% move into Q4
Subscribe for More Information
11:53 EDTDEDeere November volatility increases into Q4 and outlook
Subscribe for More Information
November 24, 2014
07:51 EDTDEDeere volatility elevated into Q4 and outlook
Subscribe for More Information
November 21, 2014
07:24 EDTDEDeere November weekly volatility elevated into Q4 and outlook
Subscribe for More Information
05:59 EDTDEDeere initiated with a Hold at Stifel
November 14, 2014
16:39 EDTDEBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
<< 1 | 2 | all recent DE news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use