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Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:09 EDTDEDeere sees modest GDP growth for 2014 with short term economic stress diminished
The company says risks still remain and grain prices and farm income are lower, but will remain near long-term average. In China, the subsidies are expected to be supportive of agriculure. In India, the Agriculture sector growth is expected due to a favorable 2013 monsoon season. Demand in the UK and Spain are expected to be lower but France and Germany may see upside. The gross value of agricultural production in Brazil is expected to increase 3% in 2014. Sees FY14 cost of sales as a percent of net sales at 75%; Sees FY14 R&D expense flat vs. FY13; Sees FY14 SG&A expense down 5% vs. FY13; Sees FY14 effective tax rate 34%-36%. Comments taken from slides for Q1 earnings conference call.
News For DE From The Last 14 Days
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April 14, 2014
14:11 EDTDEDeere mixed March trends relatively weak, says Wells Fargo
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13:52 EDTDEDeere reports March utility tractor sales down double digits
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April 10, 2014
10:00 EDTDEOn The Fly: Analyst Upgrade Summary
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08:53 EDTDEDeere upgraded to Neutral from Cautious at ISI Group
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April 9, 2014
14:00 EDTDEApril WASDE data imply modest row crop cash improvement, says Wells Fargo
Well Fargo estimates that the latest WASDE report from the USDA implies U.S. row crop farmer cash receipts declining 13% in 2013/14 from the prior year, which is a modest improvement from March's implied forecast. The firm notes that the data still suggests an apparent decrease in 2013/2014 farm cash flow and keeps its Underperform ratings on Deere (DE) and AGCO (AGCO).

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